The Latest news from Turner Little
There are a range of tasks you will be required to handle when you launch a business. It is crucial that you familiarise yourself with your legal obligations at this time, so you can establish a successful venture. Turner Little
When starting a business, it is vital you choose the right name for your firm. With a memorable name, your business can distinguish itself from competitors and develop a robust brand identity, presenting itself as a trusted provider of goods
Fresh data from the Department for Business, Energy and Industrial Strategy (BEIS) indicates that the number of privately-owned businesses operating in the UK has now hit a new record high. Record creation rates Data released in 2015 suggested that almost half
Finding launch funding is one of the key considerations of starting a business. You need to source appropriate banking services, to handle starting and operating capital effectively, while keeping day-to-day business costs low. Turner Little discusses how your business can
It is wise to use trademarks to protect your firm’s intellectual property (IP), to gain a competitive edge in your chosen industry. Trademarks are governed by British and European regulations, so what happens when the UK leaves the EU? Turner
It is vital that when you start a business, you select your phone number carefully. It is advisable to use a marketing number, which does not pin your firm down to a geographical location. These numbers can be effective marketing
If you run a small to medium sized enterprise (SME), you can claim (research and development) R&D tax credits. You can use these credits to offset certain product development costs from your corporation tax bill, lowering your outgoings. New data
There are a range of taxes which affect businesses. You could be required to pay income tax as a sole trader, for instance. However, when you become self-employed, you can claim some operating costs against your tax bill, lowering outgoings.
You can reap a range of significant benefits when starting a business, but this also comes with a degree of financial risk. Instead of opening a business on your own, you could enter a franchise agreement. Here you (the franchisee)
Prime Minister Theresa May has announced that the UK will start the process of leaving the EU (Brexit) in early 2017. Turner Little considers what this could mean for your small business going forward. Triggering Article 50 On 23rd June,
If you want to launch a new business, should you operate as a sole trader or a limited company? The latter option provides various benefits e.g. a greater degree of personal financial protection, but as a company director, you will
Finding insurance is one of the basic considerations of starting a business. You are required to take out various insurance policies, depending on the nature of your firm. What does this mean for home-based companies? Turner Little asks: what insurance
If you have a great business idea, which you want to turn into a start-up, you need prepare yourself for unforeseen circumstances. Bottom-line damaging factors such as financial market volatility, cyber-attacks and natural catastrophes are hard to predict, so how
It is vital that you maintain a stable cash flow when running your small business, so you have the capital to fund expansion. One way to do this would be to trim down your firm’s budget where possible, freeing up
Your firm may be required to register for Value Added Tax (VAT), a tax which suppliers charge consumers when selling products, but only in certain circumstances. In order to help you navigate this complex subject, Turner Little answers five frequently
When planning your estate, beware of inheritance tax. If your estate’s value eclipses a specific threshold (£325,000 at present), when you pass away, your estate will be required to pay a 40% inheritance tax on the remaining fixed assets. Combined,
If you want to protect your finances long-term, you may want to think about creating a trust. A trust is a legal vehicle designed to hold assets or property, which provides a range of advantages when it comes to wealth
Principal Benefits of the LLP When first introduced, the principal benefits of the LLP were the various UK tax advantages afforded to its members. The LLP has the benefit of being a legal entity with separate legal personality from its
Whilst the public perception of headline grabbing announcements regarding the level of the “living wage” is generally good, is it in fact as beneficial to the working populace as it at first seems? According to research carried out by the
You have developed a fantastic business idea and found your target consumer, so now you want to turn it into a start-up. But when should you do it? Is there a right time to form a limited company? Turner Little