When you need to find business funding fast, what are your options and what are the quickest ways for you to secure more finance? We talk you through the most viable fast funding options for SMEs who need finance in a hurry, and include practical tips on how to ensure your funding application goes as […]
The area of tax for small businesses is not straightforward, in fact it can be a real minefield for the unwary. However, if you take a little time, and work with your accountant, it’s usually possible to find ways to save some tax. To help you think about ways you and your business could pay […]
This article looks at some of the key things you should look out for when choosing a business bank account, based on the experiences of the Bytestart team.
Virtually every business bank account now comes with a set of handy online tools, which you can use to run your business more efficiently. So are you going online just to check your balance, or are you making the most of every tool available to you?
When you’re running a small business you need to make every penny count, especially during an economic downturn. So the last thing you want to do is to pay over the odds for bank charges and fees on your business bank account. Here are some of the simplest steps you can take to reduce the […]
One of the most frustrating things you will come up against as a small business owner are bank charges. Unlike personal banking, where we are used to paying only to have an overdraft, most business bank accounts have to be paid for. And the charges seem to keep coming whether you’re doing well or badly. […]
Here’s an interesting challenge: in an age when you can run your business virtually 100 per cent electronically, can you do all of your banking without ever touching a piece of paper?
The post-tax profits of a limited company can be distributed to its shareholders in the form of dividends. This short article explains how dividends are administered, and how dividends are taxed.
If you run a limited company, you can distribute any profits you make via dividends to your shareholders. But how do you keep a record of dividend distributions?
When starting up a new business, one of the first things you need to do is choose a suitable name for your enterprise. It is worth spending time considering the name, since not only will this be the first thing potential customers see, but it will also be with you for the duration of your […]
One of the first things all business owners have to do is to choose a good name for their enterprise. Unlike other decisions you may make along the way, your business name could be with you for quite some time, so it is worth spending time to get it right first time.
In this article, we look at the business banking options you have, depending on whether you are a sole trader (self employed), or operating via a limited company.
All private companies must have at least one company director – but are there any legal restrictions on who can fill this position?
By law, every company in the UK must have a registered office – this is a physical address in the UK where the company can receive documents from Companies House and other organisations.
If you are running a limited company, chances are you may need to change your address, personnel or the company share structure. How do you report these changes to Companies House?
When setting up and running a company, you will have regular involvement with Companies House. In this article, we look at the main functions of Companies House and what obligations limited companies have.
The role of limited company secretary is essentially an administrative one, but can involve a number of important responsibilities depending on the wishes of the company’s directors.
When you set up a limited company, as company director, you will have certain statutory and legal responsibilities which you should be aware of.
Many small businesses are partnerships. Yet circumstances and ambitions change, partners fall out or die. Without a good partnership agreement things can get acrimonious. Here’s how to protect yourself from the start.
When setting up or running a UK company, the company directors and/or the company secretary (if appointed) are responsible for sending information to Companies House to ensure that the Registry is up-to-date. This may include changes in company details, or the submission of accounts.
For many small business owners whether they are plumbers, electricians, builders, or designers, the thought of being the recipient of an insurance claim for injury or property damage can be stressful. Without adequate insurance cover, costly claims could even put your business at risk.
Office insurance is both broad-ranging and highly specific, as paradoxical as that may sound.
A business plan is a document which captures how you expect your business will grow, according to a large number of factors such as funding, how the market behaves, the people involved in the business, and – of course – how successful you are at selling your product or service.
You no longer need huge financial backing and an original idea to start your own successful business. In fact, you could start your own business tomorrow – and have made a profit by next week. For years you may have dreamt of running your own business – but not had the funds or the idea […]
On day one of your new business, as you sit at an empty desk wishing the phone would ring, you think about the future and how exciting it will be to be busy. Fast forward two years to when you are working 14 hours a day, six days a week (with enough work to fill […]
With all the excitement of starting and running your own business, it’s easy to overlook what might happen if it all goes wrong. A disaster could strike your business at any time, in any form. What if your main sales person was lured to an aggressive competitor, you lost your data, or your building was […]
Naming your organisation is not often seen as the biggest issue when establishing a business, but it can cause rather a lot of issues, particularly if there is more than one individual involved in the process and there isn’t much of a process to developing a name.
With just two weeks to go before the Agency Workers Regulations come into force, a survey suggests that many of the UK’s businesses are unaware about the impact of the new rules.
The Companies Bill, formerly called Company Law Reform Bill, received Royal Assent on the 8th November 2006. The Companies Act 2006 (‘the Act’) consists of 1300 sections and is the single largest piece of legislation ever made.
By now you’ll have already heard a bit about the Bribery Act but you’re probably wondering what it really means for your business. In this article, Helen Besant-Roberts, business services partner at accountancy firm, Hurst provides some background to the Act, and what what you need to be aware of when conducting business.
Here are the standard VED rates for petrol and diesel cars registered on or after March 1st 2001.
The Bribery Act 2010, which comes into force on 1st July 2011, puts the onus on businesses to ensure that they have adequate procedures in place to stop its representatives from bribing another person on behalf of the business.
Most of us have used a broadband connection in one environment or the other – whether at home, at work or at school, the internet is now an important tool for people of all ages.
Many industry figures have praised George Osborne for the pro-enterprise measures he included in last week’s Budget, with further measures to encourage entrepreneurism in the classroom announced this week.
The Chancellor delivered his second Budget on March 23rd 2011.
Taking out landlords’ insurance is not only a wise decision if you’ve got a property portfolio to protect; it may also be a legal necessity.
New legislation is blowing the chill wind of austerity over corporate Christmas gifts, according to PwC Forensic Services. The Bribery Act 2010, due to come into force next April contains radical changes which could have a significant impact on corporate gifts to customers and clients, and which could lead to severe penalties for companies who […]
Information technology is always a significant financial investment for a small business or start up – getting the right system in place has a massive impact on efficiency, productivity and the day to day running of a company. However, it can be difficult to get impartial advice on the system that is right for a […]