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

Tips for starting up a new business in 2015

by James Leckie ·December 18, 2014

A record number of people set up on their own in 2014, and with the economy continuing to grow strongly, next year could be an even better year for start-ups. Here are 10 tips from the Company Bug team if you’re thinking of starting your own business in 2015.
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Guide to claiming broadband expenses

by James Leckie ·December 17, 2014

These days, you’d be hard-pushed to find a business which doesn’t rely on broadband to some degree – it’s a ubiquitous product which has changed the way many of us run our businesses. Here we consider the circumstances under which business broadband costs can be offset against your company’s tax bill.
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The number of programmes aimed at investing in start-up businesses has more than doubled over the past three years, following the success of US-based business accelerator schemes, which produced the likes of Dropbox and Airbnb.
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Some simple money-saving tips for business owners

by James Leckie ·December 15, 2014

In good and bad times, the most successful companies are those which keep and eye on costs and cashflow management from day one. Here are some ideas to increase the efficiency of your business.
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Given that anyone can set up in business as an ‘accountant’, how can you be sure that accountants hold the necessary qualifications to provide a good quality, regulated service to their clients?
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How to attract the best talent to your start-up

by James Leckie ·December 11, 2014

Behind every good start-up there is an ambitious entrepreneur driving the business forward. However, if these entrepreneurs are going to grow their businesses they’re inevitably going to have to hire a team of talented individuals. Building a great team is just one of the key steps of building a great business, but in today’s competitive employment market how can a new start-up attract the best talent?
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What taxes do the self-employed have to pay?

by James Leckie ·December 10, 2014

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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Guide to illegal dividends, and how to avoid them

by James Leckie ·December 9, 2014

Limited companies can distribute profits they generate via dividends to company shareholders. However, you must ensure that all dividend distributions are legitimate, otherwise you could fall foul of HMRC.
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What is the company Annual Return (AR01)?

by James Leckie ·December 8, 2014

Every limited company in the UK has to submit an Annual Return to Companies House, usually on the anniversary of incorporation. Via Form AR01, the Registrar of Companies captures a current information about the company itself, its officials, and the breakdown of share capital.
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The Autumn Statement didn’t contain any headline-grabbing concessions for business owners – and it wasn’t expected to. However, there were some interesting announcements made, including a shake-up of the business rates regime. Here, we summarise the main points from the Chancellor’s speech on Wednesday.
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Company expenses – the £150 annual party exemption

by James Leckie ·December 2, 2014

Most company directors will be pleased to hear that they can legitimately claim for the costs of an annual party for employees and partners, as long as a number of conditions are met.
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Carol Cheesman left the corporate world to set up a thriving accountancy firm which has hundreds of small business owners as clients. She tells us what the most frequently-made mistakes are by business owners, and what to look out for when choosing an accountant.
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Records broken as number of small firms tops 5 million

by James Leckie ·November 28, 2014

The number of UK businesses has reached a record 5.2m, with 330,000 new businesses formed over the past year alone, thanks mainly to record numbers of people leaving traditional employment and becoming self-employed.
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It has to be said, women have come such a long way in business. We are doing well on the surface of things and yet, if we scratch this same surface, there are many things that still need to be addressed.
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As a new study shows that less that one-third of businesses have a savings account, we look at the benefits of setting up a separate deposit account for your surplus funds, and take a look at the best rates available to small firms.
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Quantum physics tells us that we are essentially huge clouds of atoms interacting with each other on a physical and personal level. Executive coach, Kieran Hearty, calls this ‘quarkiness‘. So, what does that mean for SMEs with growth ambitions?
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Success Stories #10 – Luke Lang and Crowdcube

by James Leckie ·November 24, 2014

We talk to Luke Lang, co-founder of Crowdcube, about the rapid growth in popularity of crowdfunding, and the benefits this investment model offers to both business owners and investors.
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UK’s ‘Patent Box’ tax incentive to be watered down

by James Leckie ·November 19, 2014

In a compromise agreement, the Government is to water down the ‘Patent Box’ scheme, which provides tax incentives to companies who can attribute profits to patents and other types of intellectual property.
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Guide to company dividends, and calculating dividend tax

by James Leckie ·November 18, 2014

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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