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2909, 2020

Business valuations: what are they and what do they involve?

September 29th, 2020|Tags: , , , , |0 Comments

Business valuations: what are they and what do they involve? A term that may come up during your business journey is ‘business valuation’. It might seem like a very nebulous term, but business valuations are relatively straightforward. They’re used to figure out the economic value of a business. This could be the company as a whole or an individual unit within it. While it’s common to assume valuations only happen [...]

2509, 2020

Scheme Extensions & the Job Support Scheme

September 25th, 2020|Tags: , , , , , |0 Comments

Scheme Extensions & the Job Support Scheme Rishi Sunak announced a new scheme which is to follow on from the current furlough scheme which is due to end in October. He has also made announcements on other support schemes that have been put in place/extended. The Job Support Scheme This scheme begins on 1st November 2020 and will run for 6 months. Employees must work at least 33% of their [...]

2209, 2020

Passing along your family business: how does gift hold-over relief work?

September 22nd, 2020|Tags: , , , , , , |0 Comments

Passing along your family business: how does gift hold-over relief work? Family businesses are a cornerstone of the British economy. For all the large, multinational businesses that exist, there is a whole host of smaller, family-run firms that keep the country moving. There are 4.8 million family businesses in the UK and together they generate over a quarter of the country’s GDP. You might be one of them. And no [...]

1509, 2020

What is the Kickstart Scheme?

September 15th, 2020|Tags: , , , , , |0 Comments

What is the Kickstart Scheme? Key detail: you need to be offering a minimum of 30 placements If you do not have the option to take on this many placements, then you will need to partner with another company/companies to reach this number. What are the criteria: Placement duration = 6 months Minimum of 25 hours work a week The employee must be paid a minimum of the National Minimum [...]

1509, 2020

What tax loopholes do multinational corporations use?

September 15th, 2020|Tags: , , , , |0 Comments

What tax loopholes do multinational corporations use? As a business owner, you will know all about tax. Income tax. VAT. Corporation tax. These are just part and parcel of running a business. But you’ve also probably heard about companies who somehow avoid paying their taxes. Big multinational corporations that you see in the news about avoiding tax. But how do they do it? Let’s start by clarifying the difference between [...]

809, 2020

Where do our taxes go?

September 8th, 2020|Tags: , , , , |0 Comments

Where do our taxes go? They say only two things are guaranteed in life: death and taxes. Today, we’re going to focus on the latter. As a business owner, there is a wealth of taxes that you need to pay. But what do they go towards? We all know that our taxes go to the government to spend on the country, but where exactly do they go? Let’s have a [...]

2508, 2020

How to turn your passion into a business without killing it

August 25th, 2020|Tags: , , , |0 Comments

How to turn your passion into a business without killing it We’ve all heard this expression: find a job you enjoy doing, and you will never have to work a day in your life. So, for some people, it makes sense that they would head out to make a career of their own doing what they love. If you’re starting a business, it makes sense to centre it around something [...]

1808, 2020

Knowing your accounting deadlines as a limited company

August 18th, 2020|Tags: , , , , , , |0 Comments

Knowing your accounting deadlines as a limited company Starting your own business brings with it plenty of benefits: flexibility, freedom, and the opportunity to elevate your career. But it also comes with increased responsibility and can be accompanied by higher amounts of stress. It’s not until you get started with a new business venture that you realise quite how much information there is to know, how much you need to [...]

1108, 2020

Can you start a business straight out of school?

August 11th, 2020|Tags: , , , , |0 Comments

Can you start a business straight out of school? A few weeks ago, we spoke about the pros and cons of earning a degree before you start a business. But what about if you know education just isn’t for you? There’s no one path in life that you have to follow. For some, school isn’t as engaging as the real world. It doesn’t mean you can’t make something that works [...]

408, 2020

3 considerations to make before buying a business

August 4th, 2020|Tags: , , , , |0 Comments

3 considerations to make before buying a business Buying a business marks an incredibly exciting moment in your career. Perhaps it’s your first foray into the business world. Or maybe you’re looking to expand your portfolio. Either way, buying a pre-existing business is often easier and cheaper than starting from scratch. But that isn’t to say it’s a decision that should be rushed. We’ve put together three important considerations for [...]

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