As a business owner, you need to have a clear picture of various sides of business management. Accounting is one of the most important parts of a business. So every business owner needs to be familiar with its basics, as it gives a clear picture of the state of their...
Making Tax Digital for Income Tax – What you need to know HMRC has deferred the start of Making Tax Digital (MTD) for Income Tax, due to the Government recognising the challenges faced by many UK businesses in the wake of the pandemic. Though delayed, tax...
Business advisors, like me, often tell you that you need a Strategic Plan. Creating one for your business is honestly a lot of effort, so do all businesses really need a Strategic Plan? The answer is this: If you’re really ambitious for your business, you do need a...
We often get start-up businesses coming to see us, and one big question we often get is “should I be a Limited Company or not?” There used to be quite a tax saving from having a Limited Company and this far outweighed the slightly higher fees to operate versus a sole...
Once you decide which structure you’re going to use for your business it’s time to register with all the necessary authorities. Here’s how to do it if you’ve chosen the Limited Company option. Forming a Limited Company The first thing you need to do is incorporate a...
Factoring or invoice discounting has become the most common way to fund working capital for businesses over the last 10 years.We choose our words very carefully in the opening paragraph by choosing ‘common’ rather than ‘popular’. Most businesses would prefer the...
