Key Guides

Limited Company or Sole TraderSet up a limited company, or become self employed?
Which structure is right for you?
Form a Limited Company Going Limited?
How to incorporate your new company
Business Tax Company Taxation
How to deal with taxes and your accounts
Umbrella Company Comparison Company Expenses
How to deal with business expenses
Grow Your Company Moving Forward
How to grow your business

How a stop list can tackle late paying clients

by James Leckie ·April 22, 2014

A stop list is a powerful tool for all limited company owners, and a simple way to protect yourself against carrying out further work for non-paying clients.
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How to write a business plan for your company

by James Leckie ·April 16, 2014

Business planning can be a useful process for the successful company. The key to business plan success lies in being realistic from the start, and treating the plan as a ‘living document’ – something to measure your achievements against, and to update and amend as the business inevitably changes over time.
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You made a bold decision to open a business in the first place, and you’re wondering if now’s the right time to sell. Assuming your business isn’t failing, that you haven’t been throwing good money after bad, and that selling is the only option left to you, there are a number of reasons why you might want or need to sell.
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So, why did you decide to start up your business?

by James Leckie ·April 14, 2014

A new survey asked almost 500 people (most of whom are currently running their own small businesses) why they decided to make the move from traditional work into self-employment, and what they’d do differently if they had the chance to start up all over again.
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Do I need an accountant for my limited company?

by James Leckie ·April 11, 2014

If you set up a limited company, is appointing an accountant to look after your affairs a statutory requirement, or can you take care of your accounting duties yourself?
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If you make sales pitches to potential customers, you may want to read these useful tips when using visual aids during meetings / presentations, kindly provided by Nicola Cook, author of ‘The Secrets of Success in Selling’
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Tax rates, bands and allowances for 2014/15

by James Leckie ·April 8, 2014

Following the start of the 2014/15 tax year, we’ve updated our ‘Tax Tables’ section with the latest rates, tax bands and allowances.
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Here, physical therapist Mark O’Brien looks why you should take active steps to move around while running your small business, and avoid the potential health problems associated with remaining desk-bound for most of the day.
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National Insurance guide for limited companies

by James Leckie ·April 4, 2014

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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Can anyone be a limited company director?

by James Leckie ·April 3, 2014

In order to be appointed as a limited company director, you must be over 16 years old, and not be bankrupt, or disqualified from acting as a director by the courts – unless in certain circumstances.
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A range of business tax cuts and incentives come into effect this week, in what the Government calls the “biggest cuts to personal and business taxes for two decades and the most important in a generation.”
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A leading freelancers’ organisation says that the Government has backed down over plans to ‘name and shame’ large firms who fail to pay small businesses on time.
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New Acas service to help resolve workplace disputes

by James Leckie ·April 1, 2014

A new free Early Conciliation service from Acas will provide both business owners and their employees with a way to resolve potential employment disputes without the need to resort to legal action or incur significant costs.
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The Chancellor has launched a new consultation to look at how the growing number of alternative funding platforms could help small business owners who have been rejected by traditional lenders.
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What is a Limited Liability Partnership (LLP)?

by James Leckie ·March 26, 2014

An LLP provides its members with limited liability (like a limited company), but they are taxed in a similar way to self employed partners. It is a popular business structure in professional occupations, such as accountancy and legal industries.
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Capital allowances, the AIA, and your business

by James Leckie ·March 25, 2014

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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If you’re running a limited company, there are certain details you must include on your invoices by law, and others which should be included. Your aim is to provide accurate information which fully describes what services are included, and concise company details to ensure that you get paid correctly, and on time.
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How to hold great meetings, save time and energy

by James Leckie ·March 21, 2014

One of the most common issues that I come across, and hear people complain about, while consulting to many great companies around the world, is how frustrated they are by their ‘meeting cultures’.
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New FCA rules which will restrict the amount of money novice investors can inject into crowdfunded businesses to a mere 10% of their assets have received a mixed reaction from the investment community.
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Budget 2014 – Summary for small business owners

by James Leckie ·March 19, 2014

Here are the main points from today’s Budget, specifically as they relate to small businesses.
[read the full article]