Category: <span>Start a Business</span>

Bookkeeping tasks to complete in January

January is a great time to review your bookkeeping processes and get your business’ finances organised for the new year. For many businesses, January is a quiet time of year that is best used to review performance and processes and plan and prepare for the year ahead. Complete the following bookkeeping tasks in January to…




Plans to cut corporation tax put on hold

Prime Minister Boris Johnson has announced that the planned cuts to corporation tax are to be put on hold. On 1st April 2020, corporation tax was due to fall from 19% to 17%. However, in the run up to the December general election, Conservative party leader Boris Johnson has announced that this cut to corporation…




Tax incentives for running electric commercial vehicles

Did you know that switching from petrol or diesel to electric commercial vehicles could help to save your business money? Businesses are under increasing pressure to find ways to work more sustainably and reduce their carbon emissions to help protect our planet. If your business runs commercial vehicles, making the switch to electric models can…




Common self-assessment tax return errors to avoid

Making errors with your self-assessment tax return can result in wasted time, unnecessary stress and costly penalties. Before you hit the submit button, read this blog and check that you’re not making any of these common errors on your self-assessment tax return. Not registering in time Those filling out a self-assessment tax return for the…




25% of UK SMEs Plan To Expand Into Foreign Markets

A new survey released last month revealed that a quarter of the UK’s SMEs are targeting expansion into foreign markets over the next 12 months. This is despite the UK’s exit from Europe. The survey found that while the EU remains the favoured destination, businesses are not afraid to explore opportunities in North America and…




Simple Assessment – Does It Apply To You?

The HMRC has come up with a new way to collect personal tax called Simple Assessment and the roll out starts this month. While the name sounds nice, looking in more detail, some people are likely to more affected than others when it comes to how much tax is owed. This is because HMRC will…




How To Set Up Limited Company

Some people are put off by making the leap from self-employed sole trader to limited company status even if the whole process is not as scary as it sounds. Setting up a limited company is actually quite simple and could not only save you money on your taxes but also make you less financially vulnerable…




Best Place To Start a Business In The UK?

Less than 50% of startups are still running after five years even in the best UK locations so it is probably worth assessing the area you intend to set up in to give your business the best chance of success. An article in the Guardian recently looked at various aspects of starting up a business…