When setting up a business, you might wonder whether you need a company name or a trading name – or both. Many businesses use a different name from their official Companies House registration, often using “T/A” (trading as) before their trading name. But what’s the difference, and when should you use each one? ‘What’s in […]
Company Name vs. Trading Name: What’s the Difference? Read More »
When it comes to your business, some assets are tangible like stock, premises, or cash, while others—such as your brand name, slogan, and identity—are less visible but equally valuable. These are known as intangible assets. Protecting your intellectual property (IP) and trademarks is crucial in maintaining your brand’s reputation and financial success. Here’s what you
Whether you’re a sole trader, limited company or working together as a partnership, you have assets in your business helping you trade. Assets are the things your business owns that hold or generate value. They play a crucial role in keeping your business up and running and are essential for accounting. From the cash in
What Are Business Assets And How to Recognise Them? Read More »
Accounting for small businesses is often a pain point for many new entrepreneurs. However, proper accounting is absolutely essential for business success. Businesses come and go! Whether you’re a start-up, freelancer, sole trader or run a limited company, having a handle on your finances from day one is crucial. In this guide we present some
How to Make Accounting for Small Businesses Easier in 8 Steps Read More »
When starting a business, one of the most important decisions you will face is which business structure to choose. The most common options are operating as a sole trader or forming a limited company. Each comes with its own advantages and disadvantages, and making the right choice for your situation can affect everything from tax
Understanding Limited Company Advantages and Disadvantages | Accountant Insights Read More »
Starting and running a limited company in the UK comes with the potential for significant tax savings, and one of the key areas where this can be achieved is through claiming allowable expenses. But what exactly are allowable expenses, and how can they help reduce your corporation tax bill by claiming the right tax relief?
Allowable Expenses for Limited Companies: What Can You Claim? Read More »
With the UK contractor landscape constantly evolving, IR35 stands out as a critical piece of tax legislation that contractors need to understand. Originally introduced to combat tax avoidance through ‘disguised employment,’ IR35 has undergone numerous reforms that continue to affect how contractors and businesses operate today. In this guide, we’ll walk you through what IR35
If you’re a business owner, you might be considering ways to reduce overhead costs, like rent, by converting part of your home into a commercial space. Many Owner Managed Businesses (OMBs) in the UK are choosing this path. But before you get too far into the renovation plans, there are a few tax implications to
5 Tax Implications for Renovating Your Property for Business Read More »
So you’re thinking about starting a new business? Congrats.Whether you’re aiming to go self-employed, create a limited company, or enter into a partnership, there are key steps and considerations to keep in mind.In this guide, we’ll walk you through the basics, from choosing the right business structure to understanding tax obligations, and a little more.p.s.
