• 16 things you must do before you start a new business

Claiming home office expenses – sole traders

by James Leckie ·April 30, 2015

If you’re self-employed, you can claim for a wide range of expenses against your tax bill, although you have to be careful to only apportion costs which have been genuinely incurred in the running of your business.
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How many directors must a limited company have?

by James Leckie ·April 29, 2015

Company law determines how many officials must be appointed to run private and public companies in the UK.
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With most workers now able to ask their employers for flexible working arrangements, what should small owners do when they receive a request?
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Why discounting isn’t the best way to boost sales

by James Leckie ·April 27, 2015

If your sales figures are down, and you want a quick-fix solution, offering your customers a discount may seem your only option. However, this isn’t necessarily the best solution. Here we look at some alternatives to discounting.
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Almost every businessperson is looking to build their businesses and make more money – whether it’s more clients or selling more products. So why do some businesses make it so difficult to buy from them? Are you guilty of stopping people buying from you?
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Commercial solicitor Leigh Ellis explains what happens when a breach of contract occurs in business. Typically the injured party can either terminate or affirm (continue) with the terms. But, what happens if delays occur?
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PR on a budget – 10 tips for small businesses

by James Leckie ·April 21, 2015

You need to let the world know about your new business, but what if you have a small PR budget, or no budget at all? Here we look at how you can spread the word about your business for a minimal outlay.
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Flexible working guide for employers

by James Leckie ·April 20, 2015

2014 saw a change in the law that might signal a significant change in the working practices of businesses and individuals all over the UK, as the government rubber-stamped plans for flexible working for all employees.
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Capital allowances, the AIA, and your business

by James Leckie ·April 16, 2015

If you purchase an asset through your company (such as a new PC), the cost of the asset is written off over a period of time, unlike a business expense. So, how are capital assets treated in the company accounts?, and what are capital allowances used for?
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Commercial solicitor Leigh Ellis explains why business owners who import goods into the UK should perform crucial due diligence on VAT paid by suppliers in order to ensure there has been no fraudulent evasion – with particular reference to ‘carousel fraud’.
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How to be a confident presenter – essential tips

by James Leckie ·April 14, 2015

If you need to deliver presentations to your clients as part of your job, but find the whole prospect of public speaking daunting, try these essential tips from Paul Carroll of Toastmasters International on how to gain confidence as a presenter.
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In order to understand the reason for this, you need to understand the different types of rights that shares give their owners. Ordinary shares will generally have all of these rights but that doesn’t have to be the case and it’s this that gives rise to the benefit of different share classes.
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A new tax year – what’s changed for 2015/16?

by James Leckie ·April 10, 2015

As another tax year begins, we look at the new business / personal tax measures and rate changes that have come into effect this month.
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How does the flat rate VAT scheme work?

by James Leckie ·April 9, 2015

Several VAT schemes are open to business owners depending on their financial profile. The flat rate scheme was created to make VAT accounting simpler for qualifying businesses, by allowing them to pay VAT at a fixed percentage of turnover rather than on a transaction by transaction basis.
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Tax guide for the self-employed (sole traders)

by James Leckie ·April 7, 2015

If you decide to become self-employed, either on your own (as a sole trader), or with other people (as a partnership), you will be responsible for working out and paying your tax liabilities to HMRC.
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Salary aside, most limited company directors (and shareholders) typically draw down most of their income in the form of dividends. Dividends are distributed by companies of all types in order to return a proportion of company profits back to their shareholders.
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National Insurance guide for small business owners

by James Leckie ·April 6, 2015

If you are a limited company director, you are liable to pay both employers’ and employees’ National Insurance Contributions on any salaries you pay above the current threshold.
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As a small business owner, there will be times when you need to speak in public – something many of us dread. With this in mind, we look at some of the most commonly committed public speaking mistakes to avoid.
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How to brush up your business in the new tax year

by James Leckie ·March 30, 2015

With the start of the new tax year nearly upon us, it’s the perfect time to think about how you can boost your business over the next 12 months. But which areas should you be working on? Emily Coltman FCA, Chief Accountant to FreeAgent, highlights five changes to make that could help you run your business more effectively in the year ahead.
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Since launching in May 2014, Snaptrip has transformed the last minute holiday rental sector. With total investment in the company now over $1 million in less than 12 months, the company’s CEO, Matt Fox talks through some simple ways to get your brand investment-ready.
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