The Latest news from Turner Little
In late 2015 a study found that nearly half of UK adults want to set up their own companies. Turner Little looks at the benefits of becoming your own boss and starting your own business. Become your own boss A
Your staff can claim back any personal money used for business purposes from HM Revenue & Customs (HMRC) in tax relief. According to Small Business, almost a third of staff are losing at least £60 in unclaimed expenses every year.
Turner Little reports on high street bank HSBC’s recent decision to launch a new financing facility for British small to medium-sized enterprises (SMEs). HSBC SME Fund According to Small Business, HSBC has launched a £10 million (m) support package for
If you want to start your own company, you may want to think about forming a business partnership. With this business creation model, two or more people share ownership of the firm. Each partner contributes to the running of the
Turner Little recently reported that nearly half of UK adults want to start their own business, with 50% of this number saying they would utilise their own savings to become their own boss. If you have got a great idea
Increasingly, Britons are using the internet to research companies before they purchase goods and services. An effective website is essential in order to stand out from the competition and showcase your products and services. Turner Little discuss how to create
The duties of a limited company director are many and varied and include a number of compulsory financial tasks such as filling your businesses annual tax returns and corporation tax payments. You may wish to hire an expert to handle
UK Chancellor George Osborne announced the government’s 2016 Budget last week and revealed a major shakeup to business rates, the tax paid on UK business properties. Turner Little considers how this policy change could benefit UK small to medium sized
UK Chancellor George Osborne delivered the government’s 2016 Budget on Wednesday 16th March 2016. Prior to this speech, Bdaily questioned prominent Yorkshire companies, including Turner Little, on what the Budget could have meant for businesses in the region. Devolution and
If you’re thinking about creating your own firm, the type of business you choose to set up is important. Should you operate as a sole trader or form a limited company? Turner Little looks at the pros and cons of
Turner Little are often asked by clients whether they should form a limited company or a limited liability partnership (“LLP”). Inevitable the answer we give depends upon a clients present circumstances as well as his aims for the future. Either
If you run a business which trades for profit, you’re legally obligated to pay taxes to the government. But the taxes you pay depend on the type and size of company you operate, leading Turner Little to discuss; what taxes
Evidence has shown Turner Little that the UK small business finance market is on the road to recovery, as net lending to smaller companies has grown significantly in 2015. The second Small Business Finance Markets report from the state-owned economic
If you form a limited company in the UK, you’re required to pay corporation tax to the government. Here Turner Little discusses the following question; how much is corporation tax for small businesses? What is corporation tax paid on? The
Turner Little has learned that UK digital business expansion outpaced growth rates for the rest of the country’s economy last year. Digital economy A government report, published in December 2015, shows that the UK has developed one of the most
In this article Turner Little outlines the responsibilities of a company director. Legislation detailed in the Companies Act 2006 lays out the legal requirements of a company director in the UK. If these requirements aren’t fulfilled, your business could be
Turner Little explains how VAT affects a business. VAT is a tax the government requires the majority of suppliers to charge consumers on their products. Registering for VAT UK business’ whose annual turnover exceeds a certain threshold (£82,000 at present) are
A strong brand identity can differentiate you from your competitors and help you stand out in the minds of consumers. Therefore it’s vital that you develop a robust brand when your start your business. Turner Little lists five brand issues
Turner Little look at Government regulation which is often is a big issue for small to medium sized business owners to get around. Government regulation (often referred to as ‘red tape’) is a big issue for small to medium sized business
If you’re starting your own business, it’s worth considering setting yourself up as a sole trader. Turner Little explains how to register as a sole trader. Sole trader vs. limited company The advantages of setting yourself up as a sole