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Latest News & Articles

 

Catch up with the latest business news, and find useful articles that can help you achieve more for your business.

10 Easy Tax Saving Tips

1. Take advantage of the Marriage Allowance For the 2020/21 tax year, the basic personal allowance is £12,570. However, there are many ways to take advantage of the basic personal allowance and make it work in your favor. One way the system works in your favour is if...

Employee Ownership Trusts

The Employee Ownership Trust (EOT) was introduced to the UK in 2014 in an attempt from the Government to promote employee ownership of businesses. In short, EOT is a business ownership model where a trust holds a stake in a company on behalf of the employees.  In...

How to Close a Company

There are many reasons why someone might decide to close their company. Because a limited company is an entity in itself, the process of closing it down could be more complicated than you’d think. In this article we explain the process on how to close a company, and...

Why you should have an accountant

There are good reasons for hiring an accountant at all stages of your company's growth. From a business plan to company formation, loan application to tax investigation, an accountant can make life easier for you at every step. You might already consider using an...

How to decide if your business idea is viable

Starting a new business can be exciting and nerve wrecking. Many new business owners will have moments of doubt where they worry about whether their venture will work, and it’s normal to be hesitant before taking the step from having an idea to actually going all in....

Common Mistakes that Business Owners Make

The first step to avoiding pitfalls is to know where they are. To help you out, I have compiled a list of the most common mistakes that business owners make, along with how you can avoid these mistakes, and what you can do instead. Working hard - but not smart I’m...

The Different Types of Investors

Starting and growing a business often requires some type of financial investment. There are many ways to raise money for your start-up, but choosing the right method for your business can be challenging. If you decide that you need to look for external investors for...

How to Set Up a Franchise Business

If you’re ready to expand your business coverage area, or to open a second location, setting up a franchise business can be an excellent choice. In this article we will explain how it all works, so that you can decide whether a franchise model could be right for you....

Why you should make your exit plan before you start your business

Every business owner has to exit their business at some point. Whether you’re hoping to sell your business for a profit, work until you retire, or otherwise, you will eventually have to leave the business. I have always been a big advocate for making your exit...

EMI Scheme: All about share options

The Enterprise Management Scheme (EMI) is a share option scheme which allows smaller companies to pay employees with equity and shares in the business. This can work really well for small companies expecting significant growth, who might struggle to pay staff...

15 Things to expect from your accountant in a recession

Some business owners see their accountant as an individual that can provide a simple set of services. Their accountant does their tax returns and payroll, that’s it. And unfortunately, they fail to take full advantage of what their accountant could do for them. As...

Company Without Director: What Happens When The Directors Leave?

In some circumstances, a company can be left with no directors. This can happen for example if a sole director chooses to resign from the business, or if all directors are removed from office by the shareholders. Companies Act 2006 states that a private limited...
Employee Ownership Trusts

Employee Ownership Trusts

The Employee Ownership Trust (EOT) was introduced to the UK in 2014 in an attempt from the Government to promote employee ownership of businesses. In short, EOT is a business ownership model where a trust holds a stake in a company on behalf of the employees.  In...

Why you should have an accountant

Why you should have an accountant

There are good reasons for hiring an accountant at all stages of your company's growth. From a business plan to company formation, loan application to tax investigation, an accountant can make life easier for you at every step. You might already consider using an...

How to decide if your business idea is viable

Starting a new business can be exciting and nerve wrecking. Many new business owners will have moments of doubt where they worry about whether their venture will work, and it’s normal to be hesitant before taking the step from having an idea to actually going all in....

Common Mistakes that Business Owners Make

The first step to avoiding pitfalls is to know where they are. To help you out, I have compiled a list of the most common mistakes that business owners make, along with how you can avoid these mistakes, and what you can do instead. Working hard - but not smart I’m...

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