In the run-up to the Brexit referendum there was a lot of talk about the opportunities UK businesses would gain by the UK leaving the EU. The Big Brexit report by the think tank Resolution Foundation has analysed the impact on the UK so far. Six years ago, the UK decided to leave the EU. … Read more
Businesses grow and evolve over time and changes are needed. Find out in this guide when to go from a sole trader to a limited company.
After downgrading its GDP growth forecast from 5.1% to 3.7% in 2022, the Confederation of British Industry (CBI) is now warning the Government that unless it acts immediately, the UK risks sinking into a recession. The CBI wants the Government to focus on the economy and take decisive action now, before Parliament goes into summer … Read more
Many small UK businesses have seen an increase in footfall as a result of the Platinum Jubilee celebrations, throwing them a lifeline during challenging times. According to the British Retail Consortium (BRC), during the Jubilee week, shops have seen an increase in footfall of more than 17% compared to May. This led to a boom … Read more
Find out everything you could be owed in this guide on what expenses can a sole trader claim in the UK and get yourself some tax relief.
Last week, Rishi Sunak announced a cost of living package to support people with rising food and energy prices, but he has offered no support for small businesses. In recent weeks and months, small companies have called for an emergency budget to help with rising costs. But when the Chancellor announced his cost of living … Read more
Accounting software is great for getting your books in order and making your annual returns a walk in the park compared to manually calculating and trying to track down all your receipts. Now, we’re aware that accounting software can look and feel intimidating. And to be fair, there are some advanced programs out there for … Read more
According to the recent figures published by the House of Commons, the use of cash for payments has gone down, setting us on a path to a cash-free society. Since 2015, cash payments have steadily been declining. While in this year, only 21 billion payments were cash-free, a year later this rose to 23 billion … Read more
As a business owner, keeping your books in order is critical if you are to ensure you manage your cashflow, meet your legal requirements, and pay the correct amount of tax. Yet, 61% of new business owners say they intend on avoiding using an accountant. That’s according to data we have collected here at Business4Beginners … Read more