There are more people than ever who want to set up their own business. There are lots of reasons for this – from wanting more flexible working hours to needing to work after a pandemic-driven redundancy. Some people are re-training so that they can start up on their...
It’s difficult to run a business by yourself. Who do you talk to? Who helps you plan for the long term? Who holds you to account? It can sometimes feel lonely, and a burden – and that’s not what you got into business for. That’s why many business owners bring in a...
One of the things that small businesses often worry about is how much time social media can take out of their day. Using social media channels is a key part of the marketing strategy and, done well, can result in a significant positive impact on sales. There is an...
Thinking of starting your own business? It’s a fantastic opportunity to do something you love, fill a gap in the market and take control of your own working life. It can be hard work, but incredibly rewarding, and if you start off on the right foot, you could be...
If you are a sole trader your tax bill can have a huge impact on your cash flow and the overall success of your business. So it makes sense to know what tax deductions you can claim – it’s all part of good small business expense management. Allowable tax deductions...
As someone who is self-employed, or a sole trader, you will need to submit an annual tax return to Her Majesty’s Revenue and Customs (HMRC). There are a number of expenses you can claim at this point, which offset your turnover and can help to reduce your tax bill....
Many new business owners choose to set up a limited company rather than as a sole trader or a partnership. There are several advantages to being a limited company, including being able to keep your personal finances separate from business finances. Our virtual...
Some new businesses choose to set up as a limited partnership. This is a legal entity where partners – either limited partners or general partners – are formally involved in the new enterprise. In simple terms, limited partners are usually investors only, and general...
Now that the GDPR has been implemented and the 25th May deadline has passed, you’ll have noticed a lot less chatter about it online and in your inbox. But it’s more than likely that you are still working on fully understanding what it means for you and your business....
Your existing customers are potentially more valuable to you than new ones. These customers have already made a connection with you – they’ve chosen to buy from you, and now it’s up to you to make their buying experience a good one, so that they will come back again,...