Category Archives: Business Finances

2016 Company Formation Trend Predictions – Part 2


In the first part of our 2016 company formation predictions we discussed how tax changes may lead to a decrease in the number of contract and agency workers forming limited companies. Another tax change is responsible for our second prediction for company formations in 2016. A series of changes announced over the last year mean […]

UK Startups are stalled by skills shortage and access to finance


The Institute of Directors (IoD) have published findings this month that indicate that entrepreneurs around the UK are struggling with accessing finance and hiring skilled workers for their businesses. The IoD conducted the very first IoD 99 network survey which has confirmed that startups around the UK are all facing these problems, with inevitable detriment […]

‘Christmas crafters’ set for sales of over £376 million


Over three million people in the UK are planning to make and sell Christmas related gifts this year.  According to a new report published by Direct Line they are collectively set to sell £376 million worth of handmade Christmas related goods. The most popular Christmas items for crafters to make and sell are: Christmas Decorations […]

What can I record as Expenses?


Most things that you buy for your business can be classed as expenses. Any Corporation Tax your business pays is calculated after your expenses have been taken into account. So accurately recording expenses means you can end up paying less tax. Startup Costs One of the first things your business can claim back are your company […]

Summer Budget Targets Contractors and Agency Workers


One of the biggest drivers of new limited company formations in the past couple of years has been contractors and agency workers. The use of limited companies by highly paid and skilled consultants and IT contractors has been well established for a number of years. In part these kind of high earning contractors have worked […]