How to open a business bank account - and how to use one. What is a Business Account? Owners of businesses or sole sole traders utilise a business account to…
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Starter Guide to Investing Investing is about putting your money to work, personally beating inflation and hopefully, earning some additional returns. Investors attempt to make their money grow more effectively…
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The Difference between a Sole Trader and a Limited Company Between sole traders and limited companies, there are a variety of characteristics, including taxes and financial security. But have you…
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Pros and Cons of Remote Working Many businesses across the world are planning to go entirely remote in an attempt to provide their employees a better work-life balance and cut…
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How to reduce your business energy bills There are several methods to save power in a workplace, and some of them only require minor adjustments in employee conduct. Frequently, just…
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Checking my Tax Code Tax codes are essential to the PAYE system's functionality. The tax code indicates an employee's allowances or 'tax-free pay', if the code is a K-code, or…
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Becoming a Contractor in 2022 It's reasonable to assume that if you're reading this, you're either thinking about becoming a contractor or have already taken the plunge. In either regard,…
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Setting up a Limited Company Being a business owner, you may hope to understand more about the limited company legislation. A limited company's legal status is differentiated from that of…
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Trademark registration has numerous advantages that should not be disregarded. If you’re starting a limited company, trademarking can help you to protect your brand and name, giving you peace of…
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You don’t have to be a massive company to sell products on Amazon or even other popular marketplaces, such as Etsy or eBay. Selling on Amazon is easy and has…
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Are you searching for UK business grants to help grow your business? Our helpful guide on small business grants will help you find the right grant for your business. This…
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If you suddenly stepped away from your business, what would that look like over any given window of time? Would things continue to operate independently in the short term, with…
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If you employ staff in your business then you’re probably aware of pay-as-you-earn (PAYE) in general - but what actually is it? Here we explain just how PAYE works. Any…
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For any business, it’s good practice to keep personal finances separate from cash that’s been generated by the business itself. One of the simplest and most effective ways to do…
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Operating any kind of business will always involve a certain element of risk. Whether it’s the safety of your employees or visitors, the equipment in your office, the security of…
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These days it seems that everywhere we look, the rising cost of living is affecting a new part of our everyday lives. Increasing fuel costs, energy bills and even shopping…
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Many businesses can find it a struggle when it comes to paying tax bills on time. This can be particularly stressful for business owners when the threat of penalty for…
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Even with today’s technology that allows us to do most things digitally (using online applications or web based accounting software services), many small business owners still struggle with their bookkeeping…
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As we get further into 2022 and with the second quarter fast approaching, we’re seeing more and more evidence that business costs are trending upwards - are are likely to…
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The Chancellor, Rishi Sunak, delivered his Spring Statement on 23 March. Faced with the task of creating a ‘strong economy’ for the UK, against the challenging background of high inflation,…
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The effective management of the UK’s tax system is a huge undertaking, and as such comes with many challenges. This is particularly true when we consider the sheer scale of…
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As an employer, you have a legal responsibility to pay your employees during a leave of absence. Your employee might be ill, and in need of Statutory Sick Pay, or…
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Great businesses start with a great idea. But when it comes to funding a startup business, it helps to be aware of all the financial support options that might be…
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Did you know that HMRC can charge interest on late tax payments, and even incur penalties if tax deadlines aren’t met? You should also be aware that as of February…
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You have until 24th March 2022 to submit any new claims for absence periods up to 17th March or to amend claims. You will no longer be able to claim…
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Don't forget that if your business is in the hospitality sector and has been adversely affected by the Omicron variant you are able to apply for a grant of up…
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Are you familiar with the ancient Japanese philosophy of ‘Kaizen’? Kaizen is the principle of continuous improvement that can make a huge difference to the efficiency of any company and…
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Do you know your P&L from your balance sheet? If not, we’ll get your startup up to speed on all the basics of company accounting. #businessadvice #startup
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Lockdowns have changed our priorities and work-life balance is more important than ever. It’s extra-tough if you’re a business owner who works long hours – so how can you reclaim…
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Not sure if your annual staff function is tax-deductible? Come and talk to us. We’ll explain the rules and can help you claim against your company party costs. #expenses #staffparties
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Did you know you can give ‘trivial gifts’ to your employees without any tax consequences? But what counts as trivial when it comes to gifts? We explain the rules. #gifting…
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Since January 2021, UK importers have been able to make use of the ‘postponed VAT accounting’ scheme. But what is postponed VAT? We explain the new VAT system and the…
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Is your business using e-invoicing? It’s a fantastic way to protect yourself and your customers from invoice scams, and it can help you get paid faster. E-invoices replace emailed PDF…
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