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Business bankruptcy is the legal position of a business that is unable to pay its debts to creditors. The status is ascribed by the court, usually at the initiative of the debtor, at the point when they realise they cannot meet their financial liabilities. In this article Bankruptcy Canada give an overview of different types of bankruptcies and their effect on business’ income.
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Companies are increasingly recognising the benefits of team building – the beginning of 2016 actually saw record spending on team building activities in the UK. In fact, on average companies now spend £305 on activities per employee to boost morale and keep their staff happy. Traditional team building activities such as assault courses are being replaced with more creative days out, with the most popular being cooking and baking. Adventure Connections highlight the many benefits of team building in the workplace that small businesses need to take advantage of.
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Global business has never been simpler, but customer expectations have never been higher. SMEs need to do more to compete on the international stage. Advances in business tech has led to a huge surge in SMEs and start-ups over the last four years. Whether you are a tech startup, a new crowdfunded project or just set up your first Etsy store, selling to the world has never been easier.

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Staff sickness is something that cannot be avoided, whether you run a big firm or a small business. However, for small businesses that have small teams it can cause costly problems. Managing staff sickness effectively by implementing policies is essential. It will make sure that the disruption of the day-to-day activities within the business are minimised.

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Over 589,000 start-up businesses were launched in the UK in 2017 – that’s equivalent to 67 new businesses per hour. However it is a sad, but inevitable, fact that not all of these will succeed in the long term. So what can you do to try and tip the scales in your favour? One of the most important things is making sure that you get off to a good start, so here are some tips for starting your own business, given by Jeff Barber, Partner at Selling My Business.
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According to the latest report by the FSB (Federation of Small Business), confidence among small businesses is bouncing back after the dismal results of the last quarter. These positive results from the quarterly index could be due to the progress in Brexit talks, lower inflation and the positive spring statement.
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Do you remember the paperless office we were all going to have? Proclaimed as the future and the inevitable result of greater computerisation and automation of processes as far back as 1975, it never really took hold, did it? But while eliminating daily paper clutter from the office may not prove to be that straightforward, when it comes to document storage, getting rid of hard copies is thankfully a whole lot easier. There are multiple benefits of document scanning that small businesses can really take advantage of.

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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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Free Late Payment Letters

Late payment is a fact of life for many businesses but for many SMEs it can prove to be a constant battle to get paid on time. But it doesn’t have to be that way as small businesses now have more options for taking the leg work out of their credit control than ever before.
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One of the least favourite things for every business is moving. You have to get your furniture, documents, and everything else into an entirely new location. This can be a hassle. However, what most businesses won’t consider, but should, is a storage unit. A storage unit can really make the whole process a lot easier to deal with.
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When you are running a business you will need to be organised, or at least attempt to be, in order to run it successfully. There are so many parts of the business that you will need to simultaneously take care of so you will need a system to ensure that you are managing all areas effectively. Whether you are focusing on tax or the your employees’ holidays, you need to have your small business in order.

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Dr. Mona Alyedreessy has set up a small business called Azara Beautique. Based on her experience of setting up this business she has given Company Bug her tips for other women setting up a business, in order to help and inspire women who too have great business ideas.
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Search Engine Optimisation (SEO) is the method of improving the quality and the quantity of traffic to a website. It’s a marketing strategy which helps a website get better rankings in Google and other search engines such as Bing and Yahoo. However, the main focus is on Google, as it is the most used search engine. The idea is to drive organic traffic to a website as much as possible by providing Google with the most relevant content. SEO in the most basic terms, is creating a site and content which will help Google rank it highly, allowing relevant people to find the content and the website.

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Every business would benefit from having more leads coming in and making more sales, and of course the best way to do this by improving your marketing. Too many businesses focus on one or two different marketing channels without ever thinking about what they could find elsewhere. So if you are interested in finding new outlets for sales, here Select Base give you four marketing methods that you should embrace in 2018.

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Here are some tax and finance tips which could help you save money as a limited company owner, based on our experience of running limited companies, and dealing with accountants and tax advisors over the past 15 years.
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Do you know that there are thousands of uninsured business vehicles driven on the UK roads? In the majority of cases this is simply because many people are still unsure of what counts as business use. As a new business owner, it can be tricky to choose which type of policy is best for your particular needs, especially if it’s your first time taking out a specific kind of policy.

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As a small business owner it can feel like you don’t have enough hours in the day to get everything accomplished that you need to. Time management is key in being able to carry out all the required daily tasks. One of the biggest time killers is emails as you have to constantly deal with a stream of incoming communication. As email is the most preferred form of communication when it comes to businesses, it’s essential to make it as quick and efficient to deal with as possible.

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If you are thinking about getting private healthcare insurance for yourself and your family, you can pay for it in two ways. You can either pay for your private healthcare insurance through your limited company or do it from your personal accounts. Depending on various factors, the tax efficiency of both methods will vary. Therefore, it’s always a good idea to get an opinion of an accountant to help you find the best option.

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Many business owners, including contractors, may have found it difficult to secure a competitive mortgage in the past. However, more enlightened lenders are happy to lend to limited company directors, who may find it hard to prove income on a ‘traditional’ basis.
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Flowers are timeless and have been used for centuries to express emotions. They play a role in all occasions, from expressing sympathy, to celebrating the birth of a new baby or showing love on Valentine’s Day. Flowers being closely related to emotions and occasions is perhaps the reason why the florist industry has been thriving for decades and why the need remains strong. The fresh cut flowers and plant industry is currently worth £2.2 billion in the UK, and to give some perspective that is £0.2 billion more than the music industry in the UK. The florist business industry is huge and comes with the vast opportunity to start a successful company.

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