At Bytestart, we receive hundreds of press releases every week. Although around 40% are usually relevant to UK small businesses, out of these we probably only end up using 4 or 5 a week in our news articles. Many are not relevant to our business, some are poorly written, and the majority are not newsworthy.
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National Insurance is a deduction from earnings, set up originally to fund various State benefits such as the NHS, the State pension and other welfare-related schemes.
In reality, it is just another tax. In fact, as standard income tax rates have remained constant for many years, NI rates have soared.
In this article we look at how NI works, and what your National Insurance Contributions (NICs) will be as a small business person.
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Small businesses, and the individuals who run them, are subject to a wide array of taxes – from Corporation Tax to National Insurance. This is an overview of the main taxes you will encounter as a small business owner, together with links to our more in-depth guides.
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For many of us stress and anger has become a normal part of our working lives. Longer working hours, difficulties with co-workers and bosses and the fear of losing our jobs due to job cuts caused by the economic downturn have become the norm. These factors are piling on the pressure and causing us to become more stressed and in turn more hostile and angry in the workplace. Continue…
Many businesses start out as owner managed operations with one person owning all of the shares as well as being the managing director. However, as businesses grow, they often want to bring in other people as shareholders; maybe in return for an investment or possibly to a manager that they want to incentivise.
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So you’ve decided to go freelance. You’ve picked a smart balance between being a wage slave employee, and the full stresses and strains that go with building a stand alone business.
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One of the first things you will do when you set up a new business is to open a business bank account. The easy thing to do is to use your personal bankers to act for your new business, but this isn’t necessarily the wisest move as there are significant differences between the services you will receive from the various high street banks.
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There is a wind of change blowing through employment law landscape. Employers need to think carefully during all stages of the employment relationship before taking any steps.
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Social media is often misunderstood as something new, something complicated and something only the techies really know about. In reality it’s one of the oldest communication methods in use – it’s just that today we’re using new technology to help us do it.
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Before online shopping became the norm, fake goods were widespread but because you could see and feel the products before buying them you were able to ascertain their providence (or at least try to). This is not the case anymore. Anyone can sell on eBay or Amazon, for instance, and pass off fake goods as the real thing.
Companies selling online without a registered trade mark are therefore at a high risk of unscrupulous competitors stealing their identity to sell counterfeit products. Continue…
Knowing when to update your IT systems can be a difficult business decision. For many SME bosses, changing an IT system is as attractive as root canal work.
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If you own a small business you need to keep paper work to a minimum but not cut corners when it comes to employment law. But without any in-house HR support this can be easier said than done.
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Following changes announced in Budget 2012, here are the main tax changes, rates and allowances for the 2012/13 tax year.
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This page contains the key points from today’s Budget, including both personal and business tax changes:
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Chris Hutchings, partner at Hamlins LLP, looks at the potential pitfalls and benefits of using social media sites for business purposes.
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New research shows that the UK is near the bottom of the league in terms of lending to businesses since the collapse of Lehman Brothers in 2008.
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If you are a limited company shareholder, you may have to pay personal tax on any dividend income you receive. This article outlines how company dividends are taxed.
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This guide looks at the types of Stamp Duty your business may be liable for; Stamp Duty Land Tax on property transactions, Stamp Duty Reserve Tax and Stamp Duty on share transactions.
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If you’ve just started your own business, you might be making the mistake of overestimating the scope of publicity you wish to achieve.
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Paul Belsman, head of tax at RSM Tenon believes that the upcoming Budget will encourage business and innovation. Here he provides some predictions for 21st March.
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