Can directors be personally liable for a company’s debts?
A director can be held personally responsible if they allow the company to carry on trading after it became clear that it would go into liquidation.
How long should small businesses keep tax records for?
This concise guide explains which tax records small businesses (including self-employed and limited companies) should keep and for how long.
How to protect your business against rising inflation
A leading accountancy firm offers advice to small business owners on how to mitigate against rising inflation and energy costs.
How are business rates calculated for small firms?
Just as you have to pay council tax on your home, your business must cough up business rates for its premises. They can be a pain and an easily overlooked…
The secrets of getting a bank loan for your small business
If you are a small business owner and are thinking of asking your bank for a business loan, here are some of the key factors you must bear in mind.
Why financial forecasting is important for startups, and how to do it painlessly
When launching a new business, it's fair to say that planning your finances isn't the most exciting aspect of being a startup. However, it is a crucial part of understanding…
Financial planning – 6 steps to a successful plan
The 6 steps you need to take to develop a coherent and realistic financial plan of your business
How to set up in business as a sole trader
If you’re new to self-employment, setting up as a sole trader is the easiest way to go. The registration process is simple, there’s almost no paperwork involved, and you don’t have to pay any registration fees.
Tax reliefs and allowances your business could benefit from
There has been an array of headlines over the years about how enormous corporations seem to make sales worth billions of pounds yet don’t pay much, if any, corporation tax.…
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.