Readers’ Question: I’ve just completed a job for my first client and I need to invoice them but I don’t know where to start. How do I write an invoice and what should I include?
The alternative to setting up a limited company is to become a sole trader or a member of a partnership, for example, if you decide to trade a sole trader you will essentially be classed as ‘self-employed’. In this guide on how to register as a sole trader, you will be made aware of all the relevant taxes, optional taxes you can register for and how to actuallly set up as a sole trader/ sel-employed.
If you decide to become self-employed, either on your own (as a sole trader), or with other people (as a partnership), you will be responsible for working out and paying your tax liabilities to HMRC.
Death in Service Cover, also known as Group Life Insurance, is a company Life Insurance policy covering multiple employees that have owned and paid for by your business.[continue reading…]
The mobile apps trend is here to stay. If you haven’t heard of this term, get ready. With the increase in the variety of smartphones, the number of available apps also grows. Also, people are spending more time with their devices and decreasing the use of desktop computers and notebooks.[continue reading…]
For many companies, Keyman Insurance offers vital business protection against the death of a key person. You can also add Critical Illness Cover, which provides an extra layer of protection if the key person becomes critically ill. The most common critical illness claims are for cancer, heart attacks and strokes.[continue reading…]
Forecasts have long been generous about the British holiday and tourism industry, which is estimated to be worth £257bn by 2025. Nowadays, tourism is a major pull for the UK economy, netting upward of £106bn. Aside from a tempting economy, domestic tourism and holidays have seen an uptick since the national lockdown. As travel restrictions tighten, the role of domestic tourism in the UK has seen a revival of sorts.[continue reading…]
Small print and hidden fees affect all types of customers and businesses. However, their impact on small businesses is highly detrimental as they already run on tight cash flows and strict budgets.[continue reading…]
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.[continue reading…]
2020 has been extremely challenging. Individuals and businesses alike have faced the onslaught of coronavirus, lockdowns and associated economic slumps.[continue reading…]
Readers’ Question: What happens when a Limited company has only one official Director and that person dies suddenly?[continue reading…]
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.[continue reading…]
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.[continue reading…]
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.[continue reading…]
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.[continue reading…]
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.[continue reading…]
What are employee benefits?
Employee benefits are products, services and resources employers give their employees.[continue reading…]
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.[continue reading…]
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.[continue reading…]