Self employed warned to keep tax affairs up to date
Advice from accountants and tax advisers to the self employed is to keep all records relating to tax matters up to date for at least six years. With the tax gap of £42 billion as well as huge cuts to...
View ArticleWomen encouraged to become real life entrepreneurs
Everywoman has joined forces with the Federation of Small Businesses to campaign for more ‘real life’ entrepreneurs. Everywoman is the largest female business community in the UK, and has joined FSB to...
View ArticleChange in rules for self assessment increases income for HMRC
HM Revenue & Customs is believed to have increased its income from self assessment fines fourfold, since the new rules for penalties against self assessment taxpayers, according to a report in the...
View ArticleFemale sole traders with lifestyle trends knowledge boost self employment...
According to recently released data from Simply Business, a broker for business insurance, females are responsible for 37 percent of new start-ups in the UK. In 2011 43,000 women became sole traders...
View ArticleDeadline for online self-assessment extended by HMRC
As thousands of tax office members take part in a one day strike on 31st January 2012, self-assessment taxpayers are given a reprieve, with an extension to the online filing deadline. Taxpayers,...
View ArticleAt What Time of Year do Sole Traders and Small Businesses Need to Pay Taxes...
When you are setting up your own business and starting out as a self-employed individual, it is essential that you decide how you want to structure your business. You may choose to set up your own...
View ArticleHow to Take Time Off as a Business Owner
It’ll come as no surprise that a key reason for becoming you own boss is that you’ll be more flexible with time off. You’ll be able to take time off when you want, for as long as you want. Then reality...
View ArticleThe Self-Employed: Not Bothered about Brexit or Conflicted?
Research by Kensington Mortgages revealed that most self-employed workers aren’t that bothered by Brexit, with 63% feeling that Brexit will have no impact on their business. However, they do seem...
View ArticleSimple Strategies to Make the Most of Your Small Business’ Marketing Budget
When it comes to making the most of your overall business budget, a lot of people mistakenly think that marketing is the best place from which to make cuts. After all, you should focus on your existing...
View ArticleHow to stay strict with finances when running a family business
According to research by the Institute for Family Business, the UK is currently home to 4.8 million family-owned businesses. This accounts for a whopping 88% of all enterprises in the UK and of this...
View ArticleA Guide to Closing a Limited Company
Closing your company is never an easy decision. It’s something you worked hard to gain, which is why it can seem so difficult to let it go. However, sometimes it’s an unavoidable necessity – meaning...
View ArticleTax Cut for Self Employed Scrapped by Government
The much-anticipated tax cut planned for the UK’s 2.7m self-employed workers has been scrapped by the government. The government announced plans to scrap Class 2 National Insurance by April this year,...
View ArticleHiring Your First Employee: What You Need to Know
If your business has grown enough that you can no longer do it all by yourself, how do you go about expanding? Things are simple now, even if they are busy. Looking to bring your first recruit on board...
View ArticleBusiness Bank Accounts vs Personal Accounts: Which Is Best for a Sole Trader?
If you are a sole trader, contractor or freelancer, one of the debates you may have come across is whether you should get a business bank account or just use your personal one. While there is no legal...
View ArticleAre Accounting and Bookkeeping Two Different Things?
Although the terms ‘accounting’ and ‘bookkeeping’ are often used interchangeably, there is actually a significant difference between the two as practices. So, the short answer to the title of this...
View ArticleFive New Year’s resolutions every business should make
Open any newspaper or magazine between now and January and you’re guaranteed to see ‘new year, new you’ type headlines. We’re all used to making personal resolutions, but have you ever thought of...
View ArticleSelf-Employed ‘Overlooked Again’ in New Government Plans
As the Government announced new plans to ensure pregnant women and new parents have greater protection from redundancy, the Federation of Small Businesses (FSB) complained that the self-employed have...
View ArticleCombatting Loneliness in the World of Sole Trading and Self Employment
Being your own boss and running an entrepreneurial venture on your own can be one of the most empowering feelings a person can experience. Most of the time, you’ll feel like a superhero with sub-human...
View ArticleWays to Overcome the Dreaded Networking Nerves
You turn the page on a brand new week in your diary. You notice there’s that networking event you’d forgotten about coming up on Thursday evening… Oh well. Despite being mildly frustrated at your own...
View ArticleEight Tips to Boost Small Business Productivity
If your business is very small, productivity might be something you don’t really think about. But it’s just as important—if not more important—in a small business as it is in a large one. One...
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