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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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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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If you are a limited company director, you are liable to pay both employers’ and employees’ National Insurance Contributions on any salaries you pay above the current threshold.
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Readers’ Question: What happens when a Limited company has only one official Director and that person dies suddenly?

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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.

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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.

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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.
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This success story features Will Adoasi, the founder of Vitae London. He talking about getting funding from Virgin, running an ethical brand and using social media to create brand awareness and reach potential customers.

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What is a limited company?

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’.
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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.

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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.
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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

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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.

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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?

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If you are thinking about setting up a limited company, you might be surprised to find out that you can incorporate a new company for only £75. Here, we look at how incorporation costs vary according to the formations service you choose, together with additional costs you may incur.
Although many people think that forming a company must be an expensive and arduous process, the reality couldn’t be further from the truth. In fact, although running a company does involve more administration, and directors have more statutory responsibilities than the self-employed, running a company is neither an expensive nor a burdensome task for most.

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When starting a small business, one of the first things to be decided is the legal structure used for the business. It can either be a sole trader or limited company or a partnership. Setting up as a sole trader is the most popular legal structure in the UK, with approximately 3.5 million sole proprietorships in 2019. Sole traders accounted for 60% of small businesses in the UK. There were also 1.9 million limited companies, making it the second most popular legal structure.

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Online use and shopping are getting increasingly popular, with consumers flocking to the internet rather than the high street. As the popularity of online shopping grows, businesses need to get online. You can either create an e-commerce website to be an addition to your existing business, helping to increase revenue, or you can start an online business from scratch. We have created this guide for those looking to start an online business in the UK. 

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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.

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Good communication skills are essential in pretty much every aspect of life, none more so than in the workplace. Today’s workplace can be a tricky area for employees to navigate, as so many generations are now mixed together and each age group has specific ways they prefer to communicate. 

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In this article, we give you an overview of the basics of limited company tax as written by the senior accountant from Dolan Accountancy. This includes the various taxes you will be liable to pay (or collect) as a limited company, and when you have to pay them.

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Top Articles

Do I need an accountant for my limited company?
Find out what a limited company accountant could do for you.

Mortgages for limited company directors and contractors Are you self-employed and looking at getting a mortgage?

How much limited company tax do I have to pay? Find out the latest tax information for limited company owners.

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