If you are self-employed, you can choose to pay either Class 2 or Class 4 National Insurance Contributions. These are called “self-assessment rates”. The difference between Class 2 and Class 4 depends on how much money you make. You can use our calculator to see how much you might pay. How much National Insurance do…
Before you start franchising, it’s important to know how to do it correctly. There are many different ways you can go about franchising your small business, and each one requires certain considerations. Read our guide to learn more about franchising, including how to choose a franchise model, how to find the perfect partner, and how…
A company must apply for voluntary strike off before closing down. This process can take up to six months. If you want to do it yourself, you need to register your company online. You will need to provide information about your company’s name, address, directors, shareholders, and registered office. Once you complete the registration form,…
Partnerships are usually used for businesses where there is no interest in setting up a limited liability company. They’re also popular for sole traders, freelancers and those working out of home offices. A partnership doesn’t have shareholders, directors or employees, but it does have partners. You’ll need to register your partnership with HM Revenue &…
A limited company provides protection against personal liability for Directors and Shareholders. This means that if anything goes wrong, it won’t affect you personally. You’ll still be able to keep your money, and pay off any debts. If you want to employ people, you can do that too. And if your company gets into trouble,…
The many benefits of registering a company name as a trademark Businesses often want to trademark their business names because it helps them protect their brands. But what does that mean exactly? What are trademarks and how do they work? Let’s take a look. What is a trademark? A trademark is a symbol or design…
1. Media relations Media relations is all about getting publications to publish your news stories, articles, and blog posts. You want your name to show up in print and online publications because you’re trying to build credibility and trust with your target market. A good PR agency knows where there are the best places for…
Franchises are one of the most popular ways for small businesses to grow. They offer a proven system that allows you to start earning money quickly. But there are many different types of franchise opportunities out there, each with its own set of benefits and risks, so it’s important to do your homework before jumping…
Cutting the cost of an Accounting 1. Use online accounting software Online accounting software is great for small businesses who don’t have much money to spend on accounting. You can use these programs to keep track of your finances, manage payroll, and even create invoices. If you’re looking for something simple, QuickBooks Online is free…
There are many different ways to find people to work for you. You could use online job boards like LinkedIn or Monster.com. Or, you could go directly to companies looking for help. But what about those times when you don’t know exactly what you want? What if you’re just getting started and don’t even know…