What is Self Assessment and how might it affect you as a business owner? Emily Coltman FCA, chief accountant to award-winning online accounting software provider FreeAgent, explains all. Continue reading
If you’re thinking of structuring your business so that it enjoys the benefits of limited liability, you have a choice of three different options; a company limited by shares, a company limited by guarantee, or a limited liability partnership.
If you’re thinking of setting up your own limited company, one concept you’ll need to get to grips with is the whole area of shares.
Whether its clients “forgetting” to pay, stalling for time before settling their bill – or sometimes just deciding not to pay you at all – having to chase up money that’s rightfully yours is frustrating and time-consuming. And the problem of late payment is more widespread than you might think – the UK government estimates that small firms are currently owed around £26bn in late payments, while the process of chasing debts costs these businesses millions of pounds more. Continue reading