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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.
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As climate change becomes a growing concern across the world, eco-friendly efforts have skyrocketed. According to HSBC’s Made for the Future Report, around 50% of UK businesses plan to invest more heavily in sustainability efforts during 2021. This should help them meet new regulations, keep up with their competitors and help the government reach current net-zero carbon emission targets.

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Perhaps your small business has had a rocky time during the pandemic. You might have realised that you’ll need to adapt in order to thrive in a changing world.

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The tax on dividends is paid at a set rate that is set by the HMRC. Every new tax year, as with other taxes, the rates change. The biggest change in the last couple of years is the tax-free dividend allowance being reduced from £5,000 to £2,000.

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With a new tax year come the new tax rates and allowances. Although there has not been a great significant change in the rates and allowances for 2021/22 compared to 2020/21, the government has announced that a lot of the tax rates will be frozen till 2026. This is due to the pandemic and the current state of the economy because of it.

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Instagram is a powerful platform for businesses to connect with customers and influencers to create empires. Over the past five years, this platform has evolved to add more features, variability, and complexity. 

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Readers questions: What happens to the bank account when a private limited company owner dies?

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Whether you’re starting your business from scratch, or your established company is experiencing rapid growth, maintaining control of your finances and your business expenses isn’t easy. It’s a difficult balance that requires careful consideration and a regular cull or overhaul of your biggest costs. It’s also important that any cuts you do make, don’t have a detrimental impact on your services.

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There are no limitations on how anyone can become a great entrepreneur. To start something that might become the next big success, you don’t need a college degree, a lot of money in the bank, or even business experience. Europe is a context of enormous potential. There are so many reasons why starting up a business in Europe is a good step, from the opportunity to extend your business to new areas of the world to low corporate tax ties. Thanks to new entrepreneurial ideas, profits can be made in Europe.

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As a limited company director, if you’re at the crossroads of determining the future of your business and wish to settle on a suitable exit route, there are multiple factors to take into consideration. If you wish to facilitate a time-sensitive exit, the estimated length of the process will influence your decision. If you would like to generate maximum returns from your investment, you may spend longer on the process to achieve this.

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A new survey of the UK’s SME workforce shows just what employees want from their employers.

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As anticipated, Rishi Sunak’s budget on 3 March 2021 was focused on protecting jobs and livelihoods, with a focus on extending and opening further access to COVID-19 support measures. This was a required move by the Government, particularly with lockdown restrictions prevailing until 21 June at the earliest.

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There are numerous reasons you may wish to close your limited company, from approaching retirement, switching operating structures due to IR35 reform or as your business has reached its natural end. Driving factors behind operating through a limited company may be the financial set-up and the associated credibility, however, as legislative measures change and employment opportunities vary, limited company contractors may switch structures.

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Types of Franchises

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.

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During the natural lifecycle of your business, the financial health of your company may fluctuate to reflect seasons of high trade and low trade, industry trends and consumer demand. Your business may also encounter financial challenges due to changing tax legislation, such as IR35 reform. Trading uncertainty is also a major factor that has the power to decimate income streams, as demonstrated by the coronavirus pandemic.

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The COVID-19 pandemic has caused uncertainty for many large and small businesses alike. While that may discourage some people from starting a new business during this unsteady time, those who embrace this moment as a unique opportunity for innovation and change may find incredible success.

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February is Random Acts of Kindness Month and top UK reward and incentives experts Appreciate, home of Love2shop, have developed a business tool for success that’s generated by goodwill.

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After the hardest year for businesses, the optimism for 2021 is falling short. Small businesses are yet to face even more difficult challenges that may even lead to their closure. A report carried out by Take Payments looked at the challenges small businesses will face in 2021 by looking at 1,000 SMEs in the UK across 19 different sectors. Some of the main challenges expected are the Coronavirus restrictions (35%) and the new Brexit regulations (19%).

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In the modern economy, there is no shortage of candidates for any positions in a company. It appears as if the employers are successful in finding the most suitable candidate for a post within no time. But, this is not as easy as it looks. There is always a chance that you will end up hiring the wrong person for the job and this may trigger a series of negative consequences. This incorrect person may turn out to be unmotivated, lazy, or unqualified and he or she may influence the working atmosphere in your company adversely. When you spend a lot of time training the prospect and end up looking for another one, it costs a lot of time and money.

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Most small companies go bust before they reach the two-year mark (no matter how good their business idea is). Costs are almost always the cause of this demise and the reason for this is that it’s incredibly difficult for businesses to manage their finances at the startup stage.

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Top Articles

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