Blog posts are listed below:
Set up a limited company step by step
Apply for a Start Up Loan for your business
Get help and support for your business
Employing staff for the first time
Get help from HMRC if you need extra support
New National Minimum Wage and National Living Wage rates
Budget Payment Plan for Self-Assessment
Transition to Making Tax Digital is proceeding smoothly so far
How to set up a business partnership:
Further information:
https://www.gov.uk/set-up-business-partnership
How to set up a limited company, appoint directors and shareholders or guarantors, and register for tax.
Step 1: Check if setting up a limited company is right for you
Step 2: Choose a name
Step 3: Choose directors and a company secretary
Step 4: Decide who the shareholders or guarantors are, and identify people with significant control (PSC) over your company
Step 5: Prepare documents agreeing how to run your company
Step 6: Check what records you’ll need to keep
Step 7: Register your company
Further information:
https://www.gov.uk/set-up-limited-company
Apply for a government-backed Start Up Loan of £500 to £25,000 to start or grow your business.
Unlike a business loan, this is an unsecured personal loan.
You’ll get free support and guidance to help write your business plan, and successful applicants get up to 12 months of free mentoring.
Further information:
https://www.gov.uk/apply-start-up-loan
Your business can get advice and financial help from government-backed schemes. Enter your details and select the type of support you need.
You can also get:
help with tax
regional help with exporting
advice on writing a business plan
Further information:
https://www.gov.uk/business-support-helpline
Here are some ideas for growing your business:
Plan for growth
Get extra funding
Increase sales to existing customers
Attract new customers
Improve your products and services
Develop new products and services
Hire and train staff
Work with a mentor
Further information:
https://www.gov.uk/growing-your-business
There are 7 things you need to do when employing staff for the first time.
1/ Decide how much to pay someone – you must pay your employee at least the National Minimum Wage.
2/ Check if someone has the legal right to work in the UK. You may have to do other employment checks as well.
3/ Check if you need to apply for a DBS check (formerly known as a CRB check) if you work in a field that requires one, eg with vulnerable people or security.
4/ Get employment insurance – you need employers’ liability insurance as soon as you become an employer.
5/ Send details of the job (including terms and conditions) in writing to your employee. You need to give your employee a written statement of employment if you’re employing someone for more than 1 month.
6/ Tell HMRC by registering as an employer – you can do this up to 4 weeks before you pay your new staff.
7/ Check if you need to automatically enrol your staff into a workplace pension scheme.
Further information:
https://www.gov.uk/employing-staff
If you start working for yourself, you’re classed as a sole trader. This means you’re self-employed – even if you haven’t yet told HM Revenue and Customs (HMRC).
Running a business
You’re probably self-employed if you:
Many of these also apply if you own a limited company but you’re not classed as self-employed by HMRC. Instead you’re both an owner and employee of your company.
You can be both employed and self-employed at the same time, for example if you work for an employer during the day and run your own business in the evenings.
Further information: