How do pensions work if you’re a sole trader?
Starting a pension to save for your retirement is relatively straightforward. Here’s what you need to know about setting up a pension when you’re a sole trader.
Buying a business – the pros and cons
An alternative to starting a business from scratch is to buy one! You will be buying an operation with products, customers and staff already in place. But at the same time, you will have full freedom to make whatever changes you want to as the new owner.
Here are Bytestart’s pros and cons of buying a business.
Pension tax relief changes from April 2023 – a tax handout for the wealthy?
At the March 2023 Budget, Chancellor Jeremy Hunt announced some major changes to the amount of tax relief you can claim on pension contributions. He has been criticised for giving a tax handout to a wealthy minority during difficult economic times.
Getting a mortgage as a sole trader vs. limited company owner
If you work for yourself and want to buy a property, you'll have to prove your income to your lender. We look at how the mortgage application process works for both sole traders and limited company owners.
Pension auto enrolment – 12 key facts small businesses need to know
Automatic enrolment has become an essential responsibility for hundreds of thousands of small businesses across the UK. Many small firms are still unfamiliar with company pensions, so tackling auto enrolment…
Late Payment – what are my rights if a supplier refuses to pay on time?
As a small business owner, getting paid on time for all your transactions is essential. A late payment to a small business affects the business in many ways, from potentially not being able to pay staff or not being able to pay rent on time.
10 tips to consider before buying a small business
If you’ve decided to buy an existing business rather than starting a completely new venture, here are ten things to consider before taking the plunge: 1) Set your goals It’s…
What are the dangers of overtrading?
Did you know it’s possible to get your business into serious financial trouble by selling too much? What is overtrading, and how to avoid it.
Guide to insolvency, liquidation and bankruptcy for business owners
Running out of cash can have grave consequences for your business. It could result in it being put into liquidation or you being declared bankrupt.
Late payment debt recovery service for ByteStart visitors
As late payment problems continue to plague small businesses, we have teamed up with a leading debt recovery service to ensure ByteStart visitors can receive help getting their invoices paid.…