If you’re thinking of starting your own business, buying a franchise can be a great idea. It allows you to set up your own business using a formula that has already proved successful, as well as benefitting from the experience and support of the franchisor. Well-known franchise businesses in the […]
Many businesses start as sole traders, as it’s usually the most straightforward way to start a business in the UK. However, when it comes to growing your business, you may decide that you want to change to a limited company. Broadly speaking, limited companies are more tax efficient than sole traders, because rather than paying […]
n March 2020, HMRC announced that business owners could defer VAT payments due between 20th March and 30th June 2020 to 31st March 2021, as a result of Covid-19. This was a lifesaver to many businesses who were struggling to manage their cash flow. If you deferred your VAT payments, we have put together some […]
Many people have been using their hobbies to make some extra money recently, this is especially useful if you are currently furloughed due to Covid. It’s also a great idea for parents who have given up work to stay home, or anyone who has a hobby that can make them some […]
Have you been thinking about setting yourself up as self-employed recently? Maybe you have been made redundant or have found yourself furloughed for months due to Covid. Or maybe you just fancy working for yourself. If you want to be your own boss without the hassle of setting up a […]
No one likes paying their tax bill but it’s a part of running a business that we all have to do. Whilst it’s obviously important to make sure that you submit the correct information to HMRC in a timely manner, there’s no sense in paying more than you have to. […]
