Advice and Ideas for UK Small Businesses and SMEs
The financing channel looks at the different small business funding options available to start-up companies and established SME businesses looking to grow. Read a wealth of guides and tips to help manage your accounts and cash flow better, views on the future of business banking and where to source alternative finance.
Many people starting their own businesses like to start up part-time initially while still remaining in full time employment in order to test their idea or even to run their venture on a permanently part-time basis.
Accounting
Accounting
More than two-fifths of small businesses are offering credit to new customers without checking their creditworthiness, leaving themselves open to bad debts.
Accounting
If you have expenses in respect of your self-employment in the seven years before you commenced trading, you may be able to claim these items against your profits.
Tax
Determining whether a partnership exists, particularly in respect of VAT, can sometimes be a difficult task.
Accounting
One of our readers has posed the following question related to PAYE when working a full time job and also a 'side gig' job.
Accounting
HM Customs and Excise (HMCE) says that the supply of most food and drink of a kind used for human consumption is zero-rated, but there are exceptions; catering being one of them.
Small Business Banking
It is not a legal requirement that you open business account – but there are several reasons why it is a good idea.
Small Business Banking
If you have an employee who does not have a bank account, and insists on being paid in cash, what are your options?
Small Business Banking
It is not a legal requirement that you open business account – but there are several reasons why it is a good idea.
Small Business Banking
If you have an employee who does not have a bank account, and insists on being paid in cash, what are your options?
Tax
If you are importing some VAT-rated products in from the EU, but your turnover is less than VAT registration level, find out whether you have to pay duty.
Accounting
Registration for VAT is compulsory in certain situations, but also available on a voluntary basis subject to specific criteria.
Small Business Banking
If your business has a strong hold in the overseas market, or you regularly receive and make payments in a foreign currency, then you may benefit from opening a foreign currency account.
Business Loans
If your business plan and financial forecasts are sound, you may be feeling brave enough to approach a bank for funding.
Business Technology
Landlines as we know them will be scrapped in 2027 – along with a raft of upcoming business changes. Here's how to ensure your communications set-up is fit for whatever the future brings
Business Loans
Everything you need to know on what small business loans are and what types of loan are available for your business.
Business Technology
With the landline shutdown coming fast, there’s never been a better time to switch to VoIP. Don’t let your small business be left behind!
Export & Import
Many factors can affect products’ journeys from A to B. Here are some tips for best practice for successful shipping in the modern world