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.
Welcome to The Business Lounge
If you're tired of working for other people, and you're setting up on your own, then you've come to the right place. Taking those steps can be lonely, and The Business Lounge offers a relaxing place to pick up some tips and share your experiences.
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Latest Articles
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.
When does selling stuff become “trading” for tax purposes? With increasing fuel and shopping bills, many people are selling things to raise cash, particularly using online websites such as e-bay. Whether the internet is used or not, if this constitutes trading, then there are various tax implications.
While working alone can be very rewarding, The Business Lounge knows that you can miss out on idle chat with colleagues about interesting items in the news, and we want to plug that gap. Read on for some valuable time out.
If you have started to work “freelance” and now raise invoices for the work you do, rather than receive a pay packet, the usual assumption is that you are self-employed. However, this might not be the case. Read on to help determine your employment status.
The Chancellor has announced today a change to the personal allowance to compensate many of those who were going to suffer from the abolition of the 10% tax rate.
Soletraders who work at home may be able to deduct a proportion of their household expenses from their business income, and so reduce the tax they have to pay. We have previously discussed the principles, and here we look at more specific examples.
If you sometimes work at home in relation to your business, you may be able to reduce the tax you have to pay on your business profits, by taking some household expenses into account. Read on to avoid missing out.
The Business Lounge has identified an unlikely group of winners from recent tax changes: charities and more specifically, their donors. With many of us entrepreneurs now seeing philanthropy as an integral part of our business activities, read on to make sure you maximise any benefits.
