When it comes to the world of SEO, a lot of people are aware of its importance but, frankly, have no idea where to start. This is a peculiar problem that is really not that hard to solve. The field of SEO is quite complex but before you can delve into these subtleties, you need to master all the basics.[continue reading…]
If you set up a limited company, you are not legally required to appoint an accountant, although there are multiple benefits of doing so. In this article, we discuss if appointing a limited company accountant to look after your affairs a statutory requirement, or if can you take care of your accounting duties yourself?
Readers question: If I have three separate Limited company businesses, can I pay myself a salary/management fee from each one or only the one?[continue reading…]
According to data from Euromonitor International, 2019 was the first year that more than 50% of the world’s population was connected to the Internet. People are likely to stay connected throughout 2020 and beyond as more consumers are using the Internet for the first time because of affordable online access and mobile phones.[continue reading…]
Every SMB must make an extra effort when it comes to competing in the online market. The main reason is that the market itself is oversaturated with large companies with large budgets, which makes the competition fiercer than ever.[continue reading…]
If your small business is expanding and you have a small team working for you then you might consider hiring an IT Support professional. As your business and team grow so will the technology involved, so it might be a good idea to either train your staff with basic knowledge of IT support or hire IT support staff. A go-to tech person can help with the day to day issues which may disrupt the workflow and be detrimental to the productivity of the workplace.
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 a small business, given by Jeff Barber, Partner at Selling My Business.
When most people refer to a ‘company’, they usually mean a private limited company which has shareholders. However, there are several other types of company which all serve a different purpose. The types of limited company are the company limited by guarantee, a private company limited by shares, public limited companies and private unlimited company.
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?
As communities begin to reopen during the COVID-19 pandemic, businesses are looking to take the right steps in preparing for that reopening. Experts are discussing the importance of careful planning during this stage of the pandemic. Business owners will need to be informed about how to properly reopen.[continue reading…]
Readers question: I am one of two company directors in an ltd company. My partner in business has been told by her midwife that she is entitled to 90% of her salary while on maternity leave. For us to pay her, we would need to employ another person to do her job, this would put the business in financial difficulty. Is this the case?[continue reading…]
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.
Pensions remain one of the last remaining significant tax breaks available to contractors, freelancers and business owners. And with the sweeping changes to the flexibility surrounding how you access your pension, there has never been a better time to invest. There are a variety of pensions for directors of limited company and contractors available.
Do you remember the time when our main worry was the dreaded B word? Deal or no deal? Then everything changed as Covid-19 challenged us in a dramatic way. Over the last few weeks, many small businesses have been taking on the challenge: making provision for team members working from home; analysing the various forms of government help and evaluating how best it can be applied in our individual organisations; projecting the immediate and the longer-term financial impacts. Simultaneously, we’ve had new plates to spin at home as we home school or do online shopping for elderly relatives etc.[continue reading…]
Many business owners, including contractors, may have found it difficult to secure a competitive mortgage in the past. However, more enlightened lenders and mortgage brokers are happy to provide a mortgage for limited company directors, who may find it hard to prove income on a ‘traditional’ basis.[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.
Setting up a business as a limited company is the second most popular way of setting up a business in the UK. In 2019 there were around 2 million trading limited companies. There are both huge advantages and disadvantages of running a limited company, as well as, other structures such as sole traders (which is the most popular business structure, with their being 3.5 million in 2019). It’s important for any aspiring entrepreneurs to understand the range of benefits and pitfalls of different business structures to determine if they are the right fit for their business idea.
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 2020/21 compared to 2019/20, there have been some changes.[continue reading…]