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Small Business Grants for 2024
Funding from grants can be an incredibly useful asset for small businesses, and it's a vote of confidence for your business and its purpose.
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About Aditi Mohan
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News: UK Government introduces new 'Side Hustle' tax for online marketplaces like Depop and Vinted.
From January 1st 2024, the HMRC have introduced several new tax laws. One in particular affects Britons who have ‘side hustles’ selling or renting items or property on online marketplaces such as Depop, Vinted, Airbnb and Etsy.
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What's Your Motivation For Company Formation
There is very little that dampens the entrepreneurial spirit of the UK – as the rise in company formation figures demonstrates. Historically, it was widely perceived that financial reward was the fundamental motivation for most budding entrepreneurs. However, a recent […]
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What Is a Dormant Company?
What Is a Dormant Company? Companies not engaging in business activity or generating revenue through trading are tagged as “dormant” or inactive. However, they must still be registered under Companies House for tracking purposes. Dormancy can take effect from the date of incorporation or after a trading period. Additionally, businesses that have permanently ceased trading […]
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What is a Company Limited by Guarantee?
What is a Limited by Guarantee Company? Limited by guarantee companies are commonly adopted by nonprofit organisations such as charities, sports associations, community projects, societies, and other similar entities. This type of structure does not have shares or shareholders, as opposed to limited by shares companies. This means that all profits earned by the company […]
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What is a Limited Liability Partnership?
What Is a Limited Liability Partnership? Are you considering running your business as a limited liability partnership in the UK? This guide will tell you what you need to know about a limited liability partnership, how it is formed, and its differences from limited companies. A limited liability partnership or LLP is a hybrid business […]
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How To Pay Yourself From a Limited Company
You are entitled to various benefits and perks as a limited company director. One of the most valuable perks is being in charge of your salary. This means you can set your salary within certain limits and take advantage of other benefits. However, knowing how to pay yourself from a limited company can be confusing […]
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What is a Company Registration Number
A Brief Guide on Company Registration Numbers From 2021 to 2022 there were 753, 168 company incorporations recorded by Companies House. This was a slight decrease of 7.1% from the data in 2020 to 2021, despite the expectations that there will be more incorporations during the pandemic.
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5 Ways To Set Up Your Small Business for Success.
Starting a small business can be an exciting and rewarding endeavour, but it also requires careful planning and a strong strategy to achieve success. As a small business owner, it’s important to set your business up for success from the very beginning. Here are a few tips to help you get started:
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Advantages of Using a Co-Working Space
In recent years, co-working spaces have become increasingly popular among professionals seeking a flexible and collaborative work environment. A co-working space is a shared workspace where individuals from different companies and industries work alongside each other. If you are a smaller company, or just yourself, you may want to consider a co-working space. Here are […]