How to form a limited company in the UK – how the incorporation process works. What is Companies House, and what are your responsibilities as a company director?
How to set up in business as a sole trader – otherwise known as becoming self-employed. What are the pros and cons, and what are your obligations as a business owner?
How are small businesses taxed in the UK? We explore the various taxes you will encounter as a business owner – either as a sole trader or a limited company.
There are so many things to consider before you set out on your own and start a new business. We have dozens of expert guides to help you get started.
Whether you do your own accounts or hire an accountant to look after your books, here are some guides to help you keep on top of the numbers.
Most businesses need access to finance at some stage – either to get started or to help the business grow. Here we look at the most common sources of funding.
Sole Trader Tax Calculator
Find out how much tax you pay as a sole trader – in terms of income tax and Class 2/4 NICs on your business profits.
Why you must fire your worst clients – and how to do it
You’re working flat out with steam wafting off your keyboard when the phone rings. Your heart sinks and a faint shudder runs down your spine. It’s your client from hell… again.
What are business angels and how they can help your business?
Although it may not reflect ‘real life’, over the past 15+ years, the BBC’s Dragons’ Den programme has done a good job in highlighting the role that angel investors play in the business world.
What is ‘turnover’ and how do you calculate it?
Turnover is one key indicator and profit another although the two are not be confused. Our quick guide will explain exactly what turnover is, why it matters, and how to differentiate it from profit.
Limited company annual accounts – when are they due?
Every limited company must submit accounts to HMRC and Companies House each financial year. In this article, we look at what statutory accounts are, and how to work out your filing deadlines. Related guides: Profit…
Selling your small business and claiming Entrepreneurs’ Relief (BADR)
Entrepreneur’s Relief can help reduce your capital gains tax bill if you sell your business. In 2020, it was renamed ‘Business Asset Disposal Relief (BADR)’. Related guides: How are business rates calculated for small firms?…