A new business will require the services of an accountant to help deal with its financial obligations, not least those involving tax and HM Revenue & Customs. The Business Lounge gives some tips on how to choose an accountant.
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We’ve looked at running a business as a soletrader. Here we consider the main alternative for a business run by a single entrepreneur, namely a limited company.
Once someone decides to start a business, one of first questions they often ask is whether they should set up a company. A company is one, but not the only way in which to run a business, and here The Business Lounge looks at why the business structure is important, and at the more basic soletrader structure.
The Business Lounge looks at various attempts being made to increase the financial literacy of the UK’s children, and at some of the more light-hearted consequences of the credit crunch.
Income tax, national insurance, VAT - you’ve constantly heard them mentioned, but when might you have to pay them? Here we give a very brief overview of the main taxes.
The Joseph Rowntree Foundation has released a study discussing what amount of money is needed to maintain a basic, but acceptable, standard of living.
The Business Lounge examines whether the Government’s latest Enterprise Strategy offers any real reasons to be cheerful.
In conjunction with this year’s Budget, the Government announced a new Enterprise Strategy. At this time of uncertain economic conditions, The Business Lounge examines how the UK apparently fails when it comes to starting and growing new businesses.
There are many innovative ways to increase your network, but in particular, entrepreneurs who are selling services which they will deliver personally, need to get face-to-face with potential clients. Not only does this get you known in your field, it will increase others confidence in you.
Selling stuff online and through more traditional means can constitute trading, as we discussed in our first article on this. Here we look at the tax implications of trading.
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