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By Ashley Preen

May 26, 2012

How to Change from a Sole Trader to a Limited Company

It’s common for many business owners, to begin trading as a sole trader rather than a limited company. Sometimes, working as a sole trader suits the business model of your new start-up. So, being a limited company never really crossed your mind.

Generally,

By Ashley Preen

June 16, 2017

A Guide to Small Businesses Onsite/Offsite Work

Offsite Work using Digital The digital age has changed the way we communicate and hence the way that we can work. With the advancement in digital technology, work can occur at any place at any time and 24/7 if needs be. Small Businesses should take advantage of the many new ways that work can be A Guide to Small Businesses Onsite/Offsite Work

By Ashley Preen

May 19, 2017

Key Guide to Dealing with Late Payments

Late payments and having to deal with late payers is frustrating especially for small businesses. Cash flow is always an issue and receiving payment late and having to chase payers can have a significant impact on a small business. Contract Terms & Conditions Ensure that you have informed your clients about late payments and the Key Guide to Dealing with Late Payments

By Ashley Preen

May 17, 2017

How to Motivate Your Employees

As a Small Business Owner, you will need to motivate your employees, both permanent and temporary and those that work on a contract basis, so that they grow as individuals and your business grows as well. There are several ways to achieve this. Show employees that you value them It is important to praise your How to Motivate Your Employees

By Ashley Preen

May 12, 2017

Key Guide for Small Business Owners to Employment Law

Employee’s rights and employer’s obligations need to be complied with to avoid workplace disputes and claims. The key points taken from Employment law in the UK will be discussed to ensure that you as a Small Business Owner are aware of all your legal obligations to your employees. HMRC Registration As a small business owner, Key Guide for Small Business Owners to Employment Law

By Ashley Preen

May 2, 2017

Why Small Businesses Should Use an Accountant

With many new tax reforms being implemented from 2017, it is advisable that small business owners invest in the services of an accountant. Consider the following to ensure that you grow and stay up-to-date with ‘all things accounting’ for your small business in 2017. HMRC’s ‘Making Tax Digital’ Plan The HMRC (Her Majesty’s Revenue & Why Small Businesses Should Use an Accountant

By Ashley Preen

April 7, 2017

Guide to Auto-Enrolment for Small Businesses

Auto-enrolment has been proposed to support employees to ensure that are automatically registered to join a workplace pension scheme. The new framework will also provide an easy solution for small businesses that have only begun to provide their employees with a pension scheme. Both workers and employers can make contributions to their workplace pension. Minimum Guide to Auto-Enrolment for Small Businesses

By Ashley Preen

March 31, 2017

Quick Guide to NEW Flat Rate VAT Scheme

The new changes to the VAT Flat Rate scheme will primarily affect small businesses who are categorised as ‘Limited Cost Traders’ who will see a substantial change in the amount of VAT they will have to now pay. The Date the new VAT changes will occur The new VAT changes will come into effect from Quick Guide to NEW Flat Rate VAT Scheme

By Ashley Preen

March 6, 2017

New Digital Initiatives for 2016-2017 from the HMRC

The new digital initiatives from the HMRC are worth looking at as the digital landscape is incorporated to encourage a more expedient service and user friendly environment. This is known as HMRC’s Making Tax Digital which will be achieved by 2020. The Digital initiatives that have been added by HMRC are as follows. 1. A New Digital Initiatives for 2016-2017 from the HMRC

By Ashley Preen

January 23, 2017

Things Freelancers should avoid saying to clients

As a freelancer your success depends on your reputation and your professionalism. To maintain these there are some things that you should never say to clients. Tip 1 Don’t let on that you are not busy When a Freelancer faces a quiet period of work, they should never let clients know this. If a client Things Freelancers should avoid saying to clients

By Ashley Preen

January 16, 2017

Tips for Freelancers to ensure Clients are happy

Freelancers should always ensure that their clients are happy. This will both provide you with further recommendations in the form of new clients from positive word-of-mouth and your current clients will choose to give you more work. To achieve this successful outcome is a matter of juggling various roles. You will need to provide the Tips for Freelancers to ensure Clients are happy

By Ashley Preen

January 3, 2017

Contract Essentials for Freelancers

Contracts are a significant part of Freelance work. They serve as a formal and binding agreement between you and your client. A contract should always state the approved upon project, the amount the client will pay for the work rendered, the time–frame for the project and any other specific details that need to be agreed Contract Essentials for Freelancers

By Ashley Preen

December 30, 2016

Managing a Business Bank Account as a Contractor

A business bank account serves as a hub of information for legislative purposes when filling providing and submitting Contractor Limited Company Accounts, corporate tax returns and Personal Tax Returns. All the funds and money that move in and out of your company account that make up your monthly statements are used in compiling all these Managing a Business Bank Account as a Contractor

By Ashley Preen

December 12, 2016

Insurance for contractors

Depending on the type of work you do as a contractor, there will be certain types of insurance you’ll either be required to have, or which still might be a good idea. The most common types of insurance paid for by contractors are those that cover you from negligence, such as Public Liability Insurance, Professional Insurance for contractors

By Ashley Preen

December 7, 2016

Opportunities for Freelancers

There are many reasons why somebody might want to start a business as a freelancer, from being your own boss and having more freedom in your life to working for who you want, when you want. Whatever your reason for working as a freelancer, there are plenty of opportunities for work out there. When businesses Opportunities for Freelancers

By Ashley Preen

November 9, 2016

Choosing a bank account for Contractors

If you work as a contractor through a limited company, because you and your limited company are separate legal entities, you must set up a separate bank account for your contractor business. Contractors must set up a business bank account before they can take payments from clients. Contractors working under an umbrella company can continue Choosing a bank account for Contractors

By Ashley Preen

June 14, 2016

How will the Brexit referendum affect freelancers

While many of the aspects of a Brexit that could affect freelancers depend on any deals the UK government can negotiate with other EU countries, our current membership of the EU grants UK freelancers many automatic rights which could be affected. Your entitlement to work in EU countries as a freelancer As it stands, Britain’s How will the Brexit referendum affect freelancers

By Ashley Preen

May 30, 2016

Changing from Sole Trader to Limited Company

Switching from being a Sole Trader to a Limited Company has advantages and disadvantages. While you should ask your accountant to help you decide if you should switch, this article will give you something to think about. Benefits of changing from a Sole Trader to a Limited Company Limited Company owners have more protections than Changing from Sole Trader to Limited Company

By Ashley Preen

May 5, 2016

Burning out at work? Here are seven signs to look out for

Becoming burned out with your job can turn something you used to get great satisfaction from into a real chore. Here are some signs that you are becoming burned out with your job. You can’t stop thinking about work, even when you are trying to relax To be the most productive possible, you need to Burning out at work? Here are seven signs to look out for

By Jahan Aslam

February 16, 2024

Employee Loan Taxation Guide

Introduction When a company offers a loan to its employees, it’s important to understand the tax implications that come with it. These loans can range from getting paid early to helping to buy necessary items like train tickets for commuting. With the help of Pearl Accountants, one of the top accountants in London, we’ll go Employee Loan Taxation Guide

By Jahan Aslam

January 16, 2024

A guide to understanding illegal dividends

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

By Jahan Aslam

November 24, 2023

A guide for UK businesses to claim VAT refunds in EU countries.

What is VAT Value Added Tax (VAT) is the tax that we pay on the purchase of goods or services. It is applied at each stage of a supply chain. The standard rate of VAT in the UK is 20%. There are different VAT rates in each EU member state. How does a VAT refund A guide for UK businesses to claim VAT refunds in EU countries.

By Jahan Aslam

November 17, 2023

Types of Shares: A Comprehensive Guide

What is a share in a company? In financial terms a share represents a part or portion that you own in a company. In order to become a shareholder, capital is exchanged by the investors in return for ownership/share in the company. The number of shares you hold directly affects the percentage of ownership you Types of Shares: A Comprehensive Guide

By Jahan Aslam

August 30, 2023

What is Crowdfunding?

This blog post will explore what exactly crowdfunding is, how it works, and its advantages and disadvantages. So, if you’re interested in learning more about this exciting field, keep reading! What is Crowdfunding Crowdfunding is a popular financing method that enables individuals, start-ups, and small businesses to raise funds for their projects by seeking contributions What is Crowdfunding?

By Jahan Aslam

August 23, 2023

The difference: insolvency, liquidation, bankruptcy & administration

When a business is facing financial difficulties, several different options and processes can be pursued to resolve the situation. Insolvency, liquidation, bankruptcy, and administration are commonly used in this context, but it can be challenging to understand the differences between them.  This blog will explain these terms clearly and concisely and help you understand the The difference: insolvency, liquidation, bankruptcy & administration

By Jahan Aslam

August 16, 2023

Small business rates relief 2022/23

Small businesses play a vital role in the UK economy, driving growth and innovation and providing employment opportunities. However, in recent years, small businesses have faced significant challenges, including the impact of the pandemic. To support these businesses and the UK’s economic recovery, the government has extended its support through the Small Business Rates Relief Small business rates relief 2022/23

By Jahan Aslam

August 9, 2023

Business Creditors vs Debtors explained

In this blog, we will explore the meaning of business creditors and debtors in more detail, their roles in a company’s financial operations, and their impact on a business’s overall financial health. Creditor vs debtor: The difference Creditors and debtors are terms used to describe the relationship between a business and its lenders or borrowers. Business Creditors vs Debtors explained

By Jahan Aslam

July 14, 2022

Boiler Upgrade Scheme UK

If you own a UK property and are considering upgrading your heating system, now is the time to do so. The government has implemented a boiler upgrade scheme encouraging you to opt for low-carbon heating systems.

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