What is a sole trader? A small business guide
Being in business on your own, if you don’t set up a limited company at Companies House to run your business through, then by definition, you’re a sole trader. When you’re a sole trader, you …
What are business rates? A guide for small businesses
Business rates are one of the UK’s oldest taxes; its origins can be traced back to the Poor Law of 1601. Business rates can be roughly defined as the tax paid for the occupation of a non …
The 6 best VOIP providers for small businesses
Unlimited calling (with desk phone): £15.50 per user per month. Targeted at startups and growing businesses, bOnline is the VoIP system that claims to give small businesses enterprise-level …
What is the best cloud storage for UK small business?
To tempt you, small business cloud storage providers offer free space in the cloud. Google Drive offer up to 15GB of online storage space for free. If you think that 1GB is equivalent to roughly …
7 advantages of being a sole trader - Small Business UK
IPSE’s director of policy, Andy Chamberlain, told Small Business: “If you operate as a sole trader, it’s a bit more straightforward than a limited company.You work and get paid as an individual – …
Mileage allowance in the UK – what is it and how does it work?
However, the recommended rate is 45p per mile (HMRC, 2023). It is also important to note that a rate higher than 45p per mile will be rates on excess. So, if your employee drives 70 miles you …
A guide to Statutory Sick Pay for employers - Small Business UK
In order to qualify for SSP, employees must: Have an employment contract. Have worked under that contract. Have been sick for four or more days in a row. Earn an average of at least £123 …
Should you register as a sole trader or a limited company?
To become a sole trader, you must register using the government portal within three months of founding your business. A limited liability company is one which is legally distinct from the …
Pros and cons of employee ownership trusts (EOTs)
It is this shift that helps to drive success in an employee owned business.”. As employees are more heavily involved, it’s shown to reduce absenteeism too. Tax-free bonuses for employees. …
What are the best business bank accounts in the UK? - Small …
Sep 11, 2024 · Zempler Bank. Zempler Bank offers a good account if you already have a few members of staff on your payroll – you can add up to 20 additional business expense cards for …