Value Added Tax (VAT) is a crucial component of the UK's taxation system, impacting businesses of all sizes. Comprehending the do's and don'ts of VAT is essential for UK businesses to navigate the complexities, ensure compliance, and minimize potential risks. In this blog, we will explore key principles and provide practical tips to help you understand and adhere to VAT regulations here in the United Kingdom.
Starting a business group can be an effective way to collaborate with other like-minded business owners and help you grow your own. Business groups can provide a range of benefits such as networking opportunities, access to resources and knowledge sharing. This article will outline the steps involved in forming a business group in the UK.
If you're starting a business, forming a Limited Liability Company (Limited company) can be a great option to protect your personal assets and establish credibility. Here's a step-by-step guide on how to get a Limited company for your business in the UK:
Being a sole trader is the easiest way to start your own business, you are accountable for yourself and solely responsible for making decisions. One thing to consider is whether your business requires VAT, your decision will affect both your business and customers or clients.
A business strategy takes research, critical thinking and setting targets. It provides the objectives and direction for your company, helping to achieve growth, security and a competitive advantage.
Bringing an idea to life can be tough, it’s a big step which is why many people put it off and wait for the ideal time to launch. There are two ways to approach this, the first is following the statistics.
Running a business isn’t for everyone, roughly 33% of small businesses fail in the first two years and around 50% during the first five years.
The best way to make sure your business is a success is to know what the risks are and prepare for them. So, what are the reasons that businesses can fail?
If you don’t want to start a business on your own a business partnership may be a good option. Follow this guide to find out everything you need to know about the requirements and responsibilities of setting up a business partnership.
Incorporating a small business as a business entity is important as an incorporated business receives liability protection for its personal assets, tax savings, and added credibility for the company.
Forming a company is a process of legally incorporating and registering your company with Companies House. The fastest way to do this is by completing an online application form.
* All timescales are dependent on how busy Companies House/HMRC are and if their system is operating normally.
* All prices are plus VAT
* See terms and conditions regarding release of codes