Tax Boost for Hobby Businesses and Micro Entrepreneurs

Over the last couple of years the HMRC have been trying to clamp down on people running small online businesses in their spare time. They have launched a number of initiatives to make people trading online register as businesses even if they are only trading on a small scale. HMRC have also been asking for …

Do Real-World Startups Use Alt Finance?

As part of our 2016 Startup Funding Report, we asked a cross-section of early-stage entrepreneurs about their awareness and use of alt finance sources. We found that although 43% of the entrepreneurs we spoke to were aware of crowdfunding only 1.3% used it to fund their business. Other alt finance methods such as peer to …

What is the Average Startup Budget?

The Company Warehouse’s research on Startup Funding found that the average budget for new UK startup businesses is £5,000. Our research focussed on early stage startups who had completed a limited company formation or sole trader business registration within the last 18 month. We found that the majority of entrepreneurs we spoke to had relatively …

Are Startups Using Startup Loans?

The Company Warehouse’s 2016 Startup Funding Report found that while 85% of startups we spoke to had heard of the government’s Startup Loans scheme only 5% were using it. The Company Warehouse speak to thousands of new startup businesses each year, we know that having adequate funding is often vital to the survival of new …

How to Prepare for “Making Tax Digital”

What is “Making Tax Digital”? In March 2015, the government announced its plans to replace annual tax returns with digital tax accounts, in order to “modernise the tax system”. The initiative aims to eliminate the need for tax returns and simplify the tax system. Instead of filling out an annual tax return, small business owners, …

Major Dividend Tax Change Due to Go Ahead

Despite some determined campaigning by small business owners it looks like the dividend changes announced in the summer budget are going to come in as planned on 6th April 2016. Up until this point one of the benefits of operating a limited company has been the ability to pay yourself from the company profits by …

Pitching to Win Startup Business Funding

Anyone who has watched Dragon’s Den will be familiar with idea of business pitching. An entrepreneur with a great idea stands in front of some investors and has a couple of minutes to explain why they should be given money for their business. While this makes for good TV it is also a common way …

Finding Funding for Innovative Startup Businesses

We are aware of the issue for many first time entrepreneurs of knowing what sources of funding are available and how to go about getting them. For businesses with high startup costs, or where product development is needed, lack of appropriate funding often means businesses don’t get started at all. Once possible funding sources have been …

Running a Buy to Let Company

Recently, The Company Warehouse reported a steep rise in the formation of property companies. Analysis of data from Companies House has found that there has been a 75% increase in property company formations compared to the same period in 2015. This rise can be attributed to the impending changes in stamp duty and tax relief …