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Drewberry offer health insurance for business owners (contractors, self-employed, freelancers) as well as the opportunity for small business owners to provide private health insurance for their employees.

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No company wants to have to lay people off, but it is often necessary due to budget issues. Especially during this difficult time, almost every business in the country has been impacted. COVID-19 brought the world to a halt including millions of businesses. Many lost their employees, and some of the biggest names in business had to let go of thousands of staff members.

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2020 has been extremely challenging. Individuals and businesses alike have faced the onslaught of coronavirus, lockdowns and associated economic slumps.

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Are you looking to start to own your business? Then you will need to register your company and open a business bank account. Tide are here to make that journey easier, by allowing you to register your limited company and open a business account all in one go.

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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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Corporate Social Responsibility (CSR) is vitally important in today’s world however big or small your company. Because the idea has been around for a while some might think it is old hat.  In fact, I would say the ethos behind it is still as important as ever, if not more so. We’re currently living in a low trust world where it seems everyone is just out for themselves and what they can take from life – even if that means telling a bare-faced lie. But the tide is turning.

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Would you jump into a plane with a pilot who had learned to fly from books alone? Highly unlikely I suspect! We are willing to trust pilots because they’ve spent hundreds of hours in a flight simulator, have developed their expertise and can cope in situations of extreme pressure.

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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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Are you planning to build your website and are looking for a good web hosting provider? If yes, then you have landed on the right page. We know that there are numerous web hosting service providers you can find in the digital market. However, choosing the right hosting service provider for your business is essential.

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Today’s construction industry is fluid in the sense that there are countless opportunities to grow your construction business quickly if you land the right job. On the other hand, this fluidity can spell the end for other entrepreneurs who either struggle to break even or have gone bankrupt.

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Printers are a necessity for businesses and can more likely than not be found in most people’s homes – more so now than ever. Whilst the ease of having quick access to a printer is appreciable, the costs of running a printer are not. According to a recent Daily Mail article, some printer ink works out more expensive than a number of luxury branded products.

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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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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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What are employee benefits?

Employee benefits are products, services and resources employers give their employees.

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In the current climate, small businesses appreciate local support and custom now more than ever. With Covid-19 causing many businesses to temporarily cease trading or experience significantly lower turnover, it is vital to encourage and grow small businesses once again.

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Throughout lockdown, the Government has made significant financial contributions to UK businesses to help mitigate the economic impact of the pandemic by way of a £330bn war chest. Now that Britain is re-opening and adjusting to a new normal, HMRC will want to recoup as much of that initial outlay as possible through taxation.

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The business communication arena is in a state of a massive overhaul. With the rise of social networks, fast internet connections, and cloud computing, customers’ demands have changed. Today, they expect businesses to respond to their service inquiries on multiple channels, in real-time. And, if your customer service does not meet their expectations, they will stop buying from you.

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When it comes to gaining more revenue each year, one of the most effective ways to do it is to grow your client base. Marketing is the key route to making this happen, however, identifying what strategies to invest your money into can be difficult. Luckily, SEO has changed the way that businesses can fuel their growth for the better.

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If you are on your way to a best friend’s birthday lunch or an evening out with a banquet menu what do you decide to wear? My guess is you will choose to something with a bit of stretch! This is no different in a small business, you need to plan for growth and be agile and responsive to change. That way you will not outgrow your processes.

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The word “startup” conveys the notion of conceiving an idea and growing it to higher levels. Achieving these higher levels will require having the correct technology to get started, and further scalability will be dependent on a proper toolkit. Starting a new business presents many different challenges and expenses for entrepreneurs, but choosing tech equipment doesn’t have to be one of those challenges. 

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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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