An international study conducted by Unilever has revealed that a third of consumers now favour brands which they feel are doing social or environmental good. Investing in companies who demonstrate an unwavering effort to ‘go green’ has become a key priority for possible clients, making this a crucial consideration for every business.[continue reading…]
If your contracts are caught by the IR35 rules, the financial impact will be considerable. Here, we look at the tax difference you will incur if you are inside or outside IR35.
If your company is ready to grow, or you just want to improve your marketing strategy, there are several innovative ways to utilise advertising that you probably already have in place, as well as additional options you might also want to consider.[continue reading…]
A study has shown that many talented professionals are using search engines such as Google to look for work. This means that you can use SEO to attract the best talent available. As a result, you may be able to reduce the time, effort and costs involved in acquiring the top talent.[continue reading…]
Once you’ve started up a new venture, you’ll need to ensure that you have banking facilities in place before you can start trading. So, do you need to set up a small business bank account for your business, or can you use your own personal bank account?
There are 5.9 million small businesses in the UK and around 60% of people working in the private sector are working for small businesses. However, mental health and wellbeing advice and support is only really given to larger businesses. The FSB (Federation of Small Business) has started a campaign to focus on wellbeing for those in small business sector.
There is a range of expenses you can claim for whilst running your business. You will incur a wide number of limited company expenses during the course of your work, ranging from printing and postage costs to purchasing computer equipment.
Franchising is a great way to become an owner of a small business. There are three different types of franchises which you can choose from, they vary in terms of your position, your input into the business and the amount of involvement of the franchisor. The three types of franchises are; the business format franchise, product distribution franchise and management franchise. Each franchise operates differently and in this guide you will find the differences between the three.
Readers’ Question: What happens when a Limited company has only one official Director and that person dies suddenly?[continue reading…]
The sole trader business structure is the most popular in the UK. In 2019 there were approximately 3.5 million sole traders, accounting for 60% of small businesses. The sole trader structure has been popular due to its many advantages and the ease of setting up. Sole trader business owners are known as self-employed and most freelancers opt for this structure of the business. There are both advantages and disadvantages of the sole trader business structure that need to be taken into account before making any business decisions.
When the economy is doing well, it’s easy to become too relaxed and spend too much money. Overhead costs like rent, salaries, and travel costs can become bloated as managers ride the wave of prosperity.[continue reading…]
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. Writing an invoice can be straightforward, once you understand all the details that will need to be featured.
A private limited company is a business structure in which the liability of its members, shareholders and directors is limited, hence the term ‘limited liability company’.
Pension auto-enrolment obligates companies to automatically enrol employees in a pension scheme unless workers decide to ‘opt-out’. As a result, all company owners should make themselves aware of pension auto-enrolment and how it will affect them when hiring employees.
Hiring your first employee is a big deal. Not only will you be handing over responsibility for part of your business to someone new, but you will also have to be aware of your duties and obligations as an employer.
One of the questions we are most frequently asked at Company Bug is “how many limited companies are there in the UK”, or similar questions relating to the business population as a whole
There are several different kinds of limited companies available to set up in the UK. Limited companies are the second most popular business structure in the UK, only coming second to sole traders. The type of limited company structure chosen for a business will depend on various factors such as the number of shareholders, the responsibility that the shareholders have and the level of involvement by the public. Each has their own benefits, so each business will need to decide what is the most suitable structure for them.
Evidence published by Future Workplace, after carrying out their Workplace Wellness Study, suggests that the number one luxury on employees’ wish lists is in fact something very simple – and far from expensive. Rather than elaborate perks and benefits, employees are searching for natural light. The research showed that a substantial proportion of employees wish they had more access to natural light. Intrigued as to why this is?[continue reading…]