How to set up and manage payroll for your small business
If you’re starting to employ people in your business, mastering payroll will become an essential part of your business. Get it wrong, and you risk unhappy employees and potential penalties…
A small business owner’s guide to calculating holiday pay
When you employ staff, you must give them a certain amount of annual leave and pay them during this time. If your employees work a set number of hours and…
Employment status – why do I need to know the difference?
It would be fair to say that employment status has been a contentious issue in recent times as business owners and staff in various sectors dispute the true nature of…
Guide to Value Added Tax (VAT) for small businesses
VAT is something that many new business owners overlook. Many assume that it doesn’t apply to them – surely it’s just for the bigger businesses out there? That may be true most of the time, but VAT could still apply to your business so it’s important to know about it.
If you’re either a sole trader, or limited company owner looking to get clued-in about all things VAT, keep reading. We’ll take you through whether you need to register, how to register and what you need to do next.
8 signs that a small business may be approaching insolvency
Although it does not necessarily herald the end of a small business, the decline into insolvency can bring significant changes in company structure, operations and management style. Here are 8…
The 10 steps to successfully managing a project
Businesses operate by planning and executing a series of never-ending projects, though we may not always see it that way. Everything from running a successful marketing campaign, to taking over…
How to survive tough times in business
Running a small business can be a bit of a roller-coaster. Just when you think everything is going smoothly, an unexpected shock can hit your business and all of a…
The pros & cons of Microsoft Office 365 for small business owners
For any small business, the decision to switch to a cloud-based system where all pieces of data can be stored online is one that’s worth deliberating. Platforms such as Microsoft…
What is IR35? – Essential guide for limited company owners
If you are thinking of working as a freelancer or a contractor via your own limited company, you need to very quickly get a basic understanding of the IR35 rules.
How to set up a loan broker business
In many cases, acting as a broker and introducer for a business can be more profitable than being the company that actually lends the money. Typically, there can be 5…