Startup Advice

What is a Dividend? As per HMRC “A dividend is a payment a company can make to shareholders if it has made a profit”. Dividend is not a business cost and therefore not allowable as a deduction against company’s taxable profits. What are the conditions in UK Law for Paying Dividends? The directors are appointed … A guide to understanding illegal dividends

Managing your business’s funds and keeping track of its expenses requires that you establish a business bank account. This blog will discuss what a business bank account is and the benefits. Business Bank Account: What is it? A business bank account is an account that is used only for your company’s financial transactions. The opening … Do You Need a Business Bank account?

When considering launching a new business, you need to ask yourself a fundamental question. Do I have enough cash to get my business idea off the ground? If the answer is ‘Yes,’ you wonder how much money will be needed to start your new business in the UK? The costs of starting a business can … How much does it cost to start a business in the UK?

Online-only bank accounts such as Revolut, Wise (previously TransferWise), and QuickBooks Cash are not traditional banks—they lack some of the brick-and-mortar traits such as an FSCS deposit guarantee, or even a phone service. But the staggering growth of these companies proves unequivocally that their benefits far outweigh any perceived cons. Still, there are also online-only … 5 Best Online-Only UK Business Bank Accounts in 2021

Every entrepreneur has to face customers. How they handle the customers depends upon their communication and leadership skills. They might be good at handling all customers, but there are always customers who are just plain right rude and painful to interact or deal with. These customers believe that they are experts in a field, and a sense … How To Deal With Painful Customers

As part of the Chancellor’s Budget 2021 announcement, a new “super-deduction” capital allowance scheme was announced. This means that companies will be able to claim 130% capital allowances on qualifying plant and machinery investments purchased between 1 April 2021 and 31 March 2023. The purpose of this super-deduction scheme is to encourage investment into the … How Does the New 130% Super-Deduction Scheme Work?

Managing a business requires you to attract new customers all the time as its always risky to stay dependent on the existing one. There is no formal contract with the customers, and you can lose them anytime, even if they are loyal. So, it becomes essential for businesses to always be looking forward to new … How To Successfully Attract New Customers

Regardless of what many supposed business gurus say, “following your passion” is not necessarily the greatest business advice out there. This isn’t to say you shouldn’t follow your passion. Ideally, we would all be doing what we love, to earn a living. But, when kids scream for food, or you just can’t afford to get … How to Work Out the Most Profitable Business Idea

There were over 670,000 new businesses incorporated in the UK in the tax year of 2018/19 (source). And that doesn’t include sole traders and freelancers! By March 2019, Companies House had over 4 million companies in the register. Companies House reports how many company registrations belong to overseas corporate bodies with a physical presence in … Can I Start a Business in the UK If I Am a Non-resident?