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How best to manage your Payments to HMRC?
One problem small business owners frequently face is keeping up with the tax payments to HMRC. Unlike other suppliers where usually a small delay doesn’t cost you much or any thing in most cases, HMRC late payments can cost you penalties and interests and a lot of stress! Here’s some quick tips to manage your…
What is the difference between Self-employed and a small business owner?
As always, words can mean different in a different context or depending on who is using the term. No doubt every self-employed is running a small business but when do you say that you are not self-employed? When is that you are running a business or just own a business run by someone else? Tax…
VAT – Flate-rate scheme changes Apr 2017
At Autumn Statement on 23 November 2016, the Chancellor of the Exchequer announced the introduction of a new 16.5% VAT flat rate for businesses with limited costs. This will take effect from 1 April 2017. VAT – Flate-rate scheme changes The VAT Flat Rate Scheme (FRS) is a simplified accounting scheme for small businesses. Instead…
7 ethical tips for small businesses to become more successful (Efficient and Effective)
People who own small businesses often find themselves so busy keeping the business running and trying their best to expand at the same time that they can easily lose sight of their priorities and end up getting further away from their goals. Following certain ethics can make your job much easier in making decisions that…
6 points checklist – when you start a new company
You may have been working as a self-employed or working under an employment contract with another company before but now you have decided to start your own company and are curious to know what you have to do next. Register a new Company First of all, you must register your new company. All companies are registered…
Difference in Convertible Notes and shares investment
If you own a startup, then you can choose investments by convertible notes or equity. As you might know, raising money is not an easy task, so you want to offer the best conditions to your potential investors. Let’s take a look at the differences between convertible notes and shares investment, and see what are…