Starting a business

Are you planning to start a new business? We understand that starting a new business can seem like a minefield. What do you need to do? What and who do you need to know? Where and what do you need to register? How to register? What records should be maintained? What options do you have for using Cloud accounting? How can you minimise your tax liability while maximising your profits?

This content is only available to our registered users.

Please log in or create a free account, to gain access to our extensive business, personal and tax guides.

Working from home

Some people work at home; others see the home base as the perfect solution to a noisy office, endless interruptions, or a long and expensive commute. But if you are thinking of leaving the office on a permanent basis, there are a number of questions you must first consider. Find out more

The tax system for the self-employed

If you start working for yourself, you must register with HMRC. Find out more

The national minimum wage and the national living wage

An employer must pay their workers a minimum amount per hour as defined by law. This is referred to as the national minimum wage or the national living wage. Find out more

The construction industry

There are special tax rules affecting the construction industry, which are designed to ensure that tax is paid by workers in the sector whether they are employed or self employed. Find out more

Tax planning for businesses

If you are thinking of starting a business, you should consider, among other factors, the impact of being the business owner on all areas of your life and the degree of risk involved. Devising a strong business plan is essential to aid and help you navigate the direction of the business. Find out more

Proving your credentials to investors

People don't invest in ideas; they invest in people. You can have the world's best business plan with a truly original idea that is guaranteed to make a fortune, but you could fail to attract investment if the people behind the idea do not inspire confidence or have the necessary plans in place. Find out more

Preparing your business plan

Do you have a written business plan? Failing to plan is the first step towards planning to fail. Find out more

Insuring your business

Adequate insurance is fundamentally important for a business. And in many cases, it is actually a legal obligation. What follows is a brief guide to the types of insurance a business must have and the types of insurance it might consider desirable. Find out more

Initial costs of starting in business

No new business is the same as another even if the product or service is similar. Review our summary of likely costs as well as making use of our start up funding calculator. This guide may assist in identifying some of those ‘easy to overlook’ costs. Find out more

Essential record keeping

Ideas on how you can reduce the time we take to prepare your year-end accounts. Find out more

Employed or self-employed?

The question as to whether someone is employed or self-employed is not as straightforward as it might at first appear. Many people assume they are free to choose, but HMRC state this is not the case. Find out more

Claiming expenses

The rules which determine what expenses can be deducted from profit for tax purposes are essentially the same whether you operate as a limited company, sole trader or partnership. Find out more

Choosing your accounting date

You are free to select your choice of accounting date. Under the current year basis, the taxable profit for a particular tax year is determined by the accounts that end in that year. Find out more

Buying a franchise

Is buying a franchise of interest to you? This is one approach that many adopt in order to become an owner of an ‘established’ business. Find out more

Buying a business

Buying an established business that someone else wishes to sell provides a path that many follow to fulfil their desire to enter into business or expand existing operations. Find out more

Business deductions

In order to attract a deduction in computing the profits of a trade or business, direct costs and running expenses must be incurred wholly and exclusively for the purpose of the trade. Find out more