You may assume that SMEs would pay comparably less corporation tax than larger businesses. However, information from accountants Moore Stephens found that they paid more in 2016. The corporation tax paid by SMEs in 2016 was 21.7% while businesses that
When you’re starting up a business, and particularly if it’s your first-time, the legalities can be confusing. Your idea may be sound and you have the ambition, but do you know which legal structure you should choose? Everything, from the
Starting your own business is a big step – it takes bravery to give up a regular wage and take the risk of starting out alone. However, figures show the challenges of starting a business aren’t putting UK entrepreneurs off.
Businesses today must have a strong mobile presence. There’s no escaping the ubiquitous use of smartphones, tablets and other devices, such as smartwatches. Everyone is on a device for at least some of their day, making it a wide-open channel
Self-employed people must ensure they are claiming the maximum allowed tax relief. Taxes come out of profits, and it’s important to deduct various allowances so that you only pay HMRC (HM Revenue & Customs) what is due. However, many newly
Recent research shows that 88% of e-commerce businesses already sell overseas, and 45% see international sales as vital to the future of their business. As overseas trade is so important to many small businesses, Brexit is a major concern. While
Every successful entrepreneur understands the need for productivity. Most start-up owners take a personal approach, using different techniques to get the most out of their time. While maximising personal work time is extremely important, the overall productivity of the business
Lots of small businesses face a degree of seasonality, particularly in tourism and retail. A survey by Wells Fargo/Gallup shows that almost 50% of small business owners report certain times of the year that will be predictably busier or slower
If this year’s Autumn budget caught you by surprise, then we can help. Here we take a look at some of the UK Chancellor Philip Hammond’s key announcements and explain a bit more about how they will affect you as
Getting a business loan should be straightforward – it’s usually just a matter of talking the facts and figures through with your lender. But sometimes, things go wrong, and for reasons that often aren’t immediately apparent they say ‘no’. It
Every start-up must have a website. But all websites are not created equal. By doing it right and making sure it’s working properly from the start, you will be able to communicate with customers, establish your company’s credibility and encourage
Research shows that more than 56,000 small business in the UK may have to be content with high tax rises next year. Rates specialist CVS has announced that business rate rises will reach £152 million in April 2018. This will
Ambitious start-ups have the business world at their feet in terms of opportunity. The key is tapping into it. A domain name that can be recognised anywhere in the world, along with localised content are important ways to get there.
Owners of small businesses should not only consider worst case scenarios, but actively create a plan to combat them. For example, what would happen to your business if you had a sudden stock problem and couldn’t fulfil orders? Or your
In the age of social media, it’s vital for brands to build up a positive online profile. Customers can share their opinion and experience of your brand on multiple platforms, and potentially impact your business. This is why working to
Research from PolicyBee has found that 75% of SMEs have no budget set aside to deal with the potential consequences following a cyber-attack. The study was commissioned by cyber insurance expert Sarah Adams, who says: “Cyber-attacks are not just an
Starting up a small business inevitably means you don’t have much time or money spare. This is why marketing can often fall by the wayside. However, establishing your brand is vital if you want to seriously compete with more long-standing
To run a successful local business, you need determination and hard work as a minimum. You also need to offer high quality services or products and be competitively priced. In addition, you must have an up to date website presence,
We’re in the middle of a disruptive business cycle, with small start-ups challenging big players in sectors across the board. Entrepreneurs are offering new twists on established business models and contributing innovative solutions, meaning markets are currently changing at speed.
Using financial models to forward plan for potential business outcomes used to be reserved for big businesses only. Modern accountancy is changing that landscape and making scenario planning relevant for even small businesses. Developing technologies While small businesses used to