Worried about your cashflow and the profitability of your business? Come and talk to us. We’ll review your finances and will highlight key ways to improve your cash position while keeping the profits rolling in. #businessadvice #cashflow
A self-employed individual (including a partner in a partnership) may claim support in the form of a grant under the Self-employed Income Support Scheme (the ‘SEISS’). The key points of the SEISS are set out below. A person trading through a limited company is not eligible for the SEISS. See here for the support available to company directors. An...
A person starting to trade is faced with a number of requirements; for example, they must register their business with HMRC. Penalties may be charged where the person fails to meet, or is late in meeting those obligations. In addition, the person must make a number of important decisions; for example, choosing the date to...
The ongoing economic turmoil can only get worse if you make your business vulnerable to fraudsters. As the security measures and technological advancements increase, the tax and cyber-security fraudsters are using new methods to squeeze money out of numerous businesses across the UK. One of the most common types of frauds is spoof emails that...
When it comes to filing taxes in the UK, the muddled details often confuse small businesses. Well, the financial language comes across as alien to many small businesses in the UK. What’s more, is that the navigation of filing requirements can be more time-consuming for a startup business. That said, the cloud of unfamiliarity can...
Whether you intend to expand beyond your current geographical region or improve the operational level of your existing eCommerce store in the UK, there are hundreds of effective eCommerce platforms out there. Small businesses, for instance, do not want the hassle to code or hire the services of an expensive web developer. And this is...
There is no simple answer as to how businesses can increase profit margins during these tumultuous times. Whether you function as a small or corporate company, optimism needs to prevail to get the desired profit margins. Ordinarily, how you reduce costs will lead to more revenue growth for your business. Several businesses, for instance, are...
Despite many added perks for freelancers in the UK, the tax challenges can be overwhelming. And that is because freelancers often have to figure out complicated tax guidelines on their own. However, the flexibility to work on preferred interesting projects is perfect. For freelancers, every penny is valuable to support themselves. Freelancers, for example, have...
Who doesn’t dream of starting a business to become self-independent? It shouldn’t come as a surprise that self-employed individuals are more than ever. However, starting a business means you have to deal with financial, legal, and other risky elements. Here are some of the most practical considerations that you should take into account before starting...
Limited companyRental IncomeSelf employedCOVID-19 Business Measures – Job Retention and Tax Deferrals
Amidst a global pandemic, many businesses in the UK are temporarily halting their operations as per government compliance. The situation might seem grim, but the businesses still can offer the usual services and make the most out of relief packages from the government. As the COVID-19 wreaks havoc to small and big businesses, the government...
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