Being a sole trader means more freedom but can come with many hidden downsides. Find the truth about the disadvantages of a sole trader here.
Amid warnings of a looming recession, small and medium enterprises (SMEs) put the breaks on spending and abandon plants to recruit new staff. While back in March 37% of UK SMEs were looking at recruiting new staff, now only 12% are planning to do so, according to new data from the Association of Chartered Certified … Read more
The Bank of England (BoE) has raised interest rates again, from 1.25% to 1.75%. And it’s also warning that the UK is heading for a recession. And the impact of a recession on small businesses could be devastating. To combat rising inflation, the BoE has raised interest rates for the sixth time in a row, … Read more
As the director of a limited company, you can contribute company income to your pension pot. Find out mor in our guide to company pension contributions for directors.
Since the resignation of Boris Johnson, the Conservative Party is in the process of selecting their new leader and with that our next Prime Minister. MPs have now narrowed down the list of leadership hopefuls to two candidates. And while the new leader of the Conservative Party will also become the next Prime Minister, it … Read more
Ready to start invoicing your clients as a sole trader? Here’s everything you need to know about how to invoice as a sole trader in the UK.
According to new research by the Gatsby Foundation, the second-biggest overall concern for small businesses is their struggle to recruit new staff. With 97% of employers in England being small businesses, the struggle to recruit new staff will add to the already challenging situation. Almost 1 million small businesses are concerned about their difficulties in … Read more
After the resignation of Rishi Sunak, a new Chancellor is in post, but can small businesses expect him to listen to their demands of support? The first signs looked promising, when Nadhim Zahawi, the new Chancellor of the Exchequer, signalled his openness to revise planned increases in corporation tax. His commitment to cutting taxes was … Read more
Since coming into force on April 2021, IR35 has been a bane for contractors and employers alike. Designed to stop tax avoidance by employees that are designed as freelancers or contractors, this legislation had changed the way that contractors are hired and assessed for each role. We’ve talked before about how to avoid IR35 – … Read more
According to newly released figures by Companies House, in 2021 to 2022 there were 753,168 company incorporations, a decrease of 7.1% compared to the previous year. However, it is still the second-highest number of company incorporations on record, with the highest number occurring in 2020 to 2021. Year by year new company incorporations: Year New … Read more