Category Archives: Business Finances

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, […]

Clamp Down on Public Sector use of Personal Companies


George Osborne announced a new clamp down on the use of “personal service” limited companies in today’s budget. “Personal service” companies are where a person who is working as a freelancer, consultant or agency employee forms their own limited company and uses it to bill their employer. The employees can work the funds coming through […]

Finding Funding for Innovative Startup Businesses


A common issue for many first time entrepreneurs is 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 identified it […]

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 […]