Do you have dreams and thoughts of starting your own business but aren’t sure of what steps to take to get there? Before leaping straight into a business, it’s important that you prepare and check a couple of things first.…
In recent years, there has been a large number of workers that have found themselves struggling with the idea of working a standard 9 am - 5 pm job. Because of this, they are becoming self-employed in hopes that they…
Are you debating whether you need a business account or not? With an increasing amount of people becoming self-employed, the question has been increasingly asked. In this article, we will determine what a business bank account is, who needs one…
As a new business or freelancer, sending an invoice may feel like unchartered territory. But if you sell a product or service, you are required by law to give your customers an invoice. And before you ask, no, an invoice…
Moving from employment to contracting can feel like a huge step. Once you have decided it’s the right thing for you then starting out in the strongest way will set you on your way for a successful career. Here are…
According to Micro Biz Magazine, there were over 2 million freelancers working in the UK in 2020! To help you stay on top of your finances as a freelancer, we have outlined some of our top tips to keep your…
While many large businesses have dedicated accounting departments, we know that small businesses often don’t have the same facilities. That’s why expense management is so important for small businesses to get right, as it provides easy savings that will make…
New VAT rules for building contractors and subcontractors will come into effect from 1 March 2021. They were originally expected to come into force from 1 October 2019, but were delayed due to the impact of the coronavirus pandemic on…
What is Business Asset Disposal Relief? Business Asset Disposal Relief applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership, meaning that you’ll pay tax at 10% on all gains…
There are many reasons that entrepreneurs start their own business: working to your own time, using your skills and knowledge to drive you to success quicker, focusing on exactly what you want to do. Something that is not always considered…