Resources
Basics of VAT
You are ready to start your business, or have just started operating your business, but do you need to register for VAT? When is the best time to do this? Don’t worry as all of this information is covered in this Guide.
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Managing Cashflow
When running your own business, planning and managing your own cash flow is extremely important. Ensure you take all of your costs into consideration – such as contracts with suppliers, demand from customers, and your bank balance.
Sole Trader or
Limited Company
When you’re setting up a new business, one of the major decisions you have to make is the type of company it will be. Each different format has different implications for tax, ownership and responsibility.
The Limited Company
And Tax
When setting up a new business, you have to decide what format your business will take. If you decide to form your business as a limited company, there are some requirements you will need to follow.
Why Write A
Business Plan
A business plan is essentially the route map that helps you establish a viable new business. It will also be essential if you need to raise finance for your business. In early plans, the sales forecasts are critical.
First Steps in Business
Running your own business can be an immensely rewarding experience. Approximately half a million new businesses start each year in the UK. Decisions taken in the early years can be the most difficult as well as the most important.
Start-Up Finance
Decisions you take in the early years of your business can be the most difficult as well as the most important, particularly if you are a first-time entrepreneur. The ICAEW Business Advice Service experts will help you make those crucial first steps.
Starting Your Business -
Practical Issues
You’re ready to start your new business; you’ve done your research, tested your product and obtained the best advice you can. There are a few more things you need to consider before you start trading.
The Sole Trader
And Tax
When setting up a new business, you have to decide what format your business will take. If you have decided to register as a sole trader, there are some requirements you will need to follow to notify the HMRC.
Why You Need Good
Accounting Records
When running your own business, it’s vital that you keep a record of all of your outgoing and incoming payments. This Guide outlines the main reasons why this
is necessary for your business.