Anyone who is looking to bring extra attention to their website in this day and age has to work hard to promote it especially if you are a business owner.
It is crucial for a small business that your customers know clearly what they are purchasing and what your terms of business are. This is particularly pertinent for online businesses.
With the evolution of financial technology, international money transfers are now easier, faster, and more secure. One thing that hasn’t changed, however, is that these international transfers still come at a steep price.
Burnout is not something you want to experience, and this article examines how you can avoid it. The first step in dealing with this issue is spotting the causes and signs of stress and impending burnout.
We are spoilt by choice. The truth is, we probably don’t need seven different coffee brands to pick from, especially when they have at least three different products each. However, if we think we have it tough, think about the coffee companies.
Disgruntled creditors get desperate, and when all approaches to recover a debt have failed, they may send a winding-up petition to the beleaguered company as a last resort to get paid. It’s an extremely serious move and not one that should be taken lightly as it’s typically preceded by a statutory demand. In the UK, HMRC is the most common business creditor and is normally aggressive in its pursuit of tax liabilities. The majority (60%) of all winding up petitions are served by HMRC.
Readers question: We have a small Limited Company with a gross turnover of £20,000. We have paid 20% tax on this figure (cis) leaving £16,000 after tax. We have one employee who has earned £12,000 gross. Are we entitled to a rebate and will there be corporation tax to pay?
When it comes to Health and Safety, for both ethical and legal reasons, there is really only one reasonable direction of travel and that is forwards, to better standards and better enforcement of those standards.
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.
When you start a business, there is so much work that has to be accomplished. Every little detail matters to help make your business as successful and competitive as it should be. One of the crucial details in which you should exert your A-game has to do with your business trademark. In general, your trademark is like your brand name, whether it’s a word, a logo, a slogan or a combination of all these. This trademark is used to distinguish, identify, and set apart your company from others.
25% of all registered businesses in the UK are rural and they employ 13% of the working population. The rural economy contributes 40% of the UK’s Gross Value Added (GVA) – over £400 billion. However, a key issue faced by businesses in rural areas is that poor telecoms coverage is still holding them back (particularly high-speed internet connectivity and 4G coverage).
Readers question: How do I pay myself as an employee of my limited company?
More often than not, the idea of starting a business seems way too complex and frightening. Most believe they wouldn’t be able to handle the challenges or have no idea what awaits them. And so, they decide not to pursue an idea or a dream and quit before they even start.
With Brexit and the uncertainty at No. 10, it’s becoming increasingly hard to predict what upcoming legislation will be enforced and when – leaving businesses, landlords and the self-employed all striving for clarity.
If you’re self-employed, you can claim for a wide range of expenses against your tax bill, although you have to be careful to only apportion costs which have been genuinely incurred in the running of your business. Here is how to claim home office expenses as a sole trader.
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Employees are the backbone of working institutions. It is therefore important to maintain a good relationship with them. As humans, we want appreciation and to be recognised for our achievements. Lack of this can demoralise us from putting in the effort. We advise employers to drop their ego and create a good relationship with their employees by showing their appreciation.
Have you always dreamt of being your own boss or being responsible for your own income, but never quite been sure how to do it? Maybe you feel like you need some extra support in the structuring of a business or think that you would miss a peer support network that being employed gives you. If this sounds like you then maybe franchising is for you.
If you are classed as self-employed or have a source of untaxed income, you will be required to complete a Self-Assessment. However, this criteria is vague and many are left confused as to whether they actually need to file the tax return or not.
When setting up a new business there are many things to think about but probably the first key thing to decide on is what kind of business do you want to set up – which business entity will work best for what you want to achieve?
Nowadays, any person without an IT background, any coding or designing skills can create a website. No wonder so many people decide to start personal sites, create online portfolios and CVs, launch wedding websites, web stores, and implement their business ideas online. The great share of web resources is devoted to infotainment. If you’ve been dreaming about starting your own media, you’ve got pretty good chances to do it successfully.