What Is An Employer Reference Number?

What is an employer reference number?

As an employer, you have a wide range of responsibilities to take care of. Many of these are not merely responsibilities but legal obligations too. One of these responsibilities is to know about employer reference numbers and what they are used for. You should also know if you need to have an employer reference number […]

What Is A Commodity Code? A Guide For Those Who Import And Export

what is a commodity code

A commodity code is a number that determines the type of goods you are importing or exporting. This number can be six, eight, or ten digits depending on the origin and destination of the goods and ensures that the correct customs duties and VAT are paid on all imports and exports. Completing customs paperwork correctly […]

Is The VAT Flat Rate Scheme Right For Your Business?

VAT flat rate scheme

The VAT flat rate scheme was introduced by the UK government to make it easier for small businesses to arrange their VAT payments. The scheme means that the VAT a business owes to HMRC is calculated as a percentage of turnover. Many businesses feel that the scheme has simplified their calculations and ensured that they […]

The Benefits Of Hiring An Apprentice

hire an apprentice

More and more businesses are choosing to hire an apprentice, with many finding it an effective way to recruit and train new employees. The benefits of hiring an apprentice are numerous, from bringing new skills into the business to improving productivity. That’s why businesses across the UK are choosing this route. Whether you choose to […]

A Guide To Raising Funds By Selling Shares To Investors

A guide to raising funds by selling shares to investors

If your small business is looking at raising funds, selling shares may be a viable option for you. Selling shares is also often used as a solution to reducing debt, as shares can be sold in place of taking on debt from various loans and other financing options. So it is safe to say that […]

Sole Trader Insurance & When You Are Required To Have It

Sole trader insurance & when you are required to have it

Over the past few years, there has definitely been a significant jump in the number of sole traders in the UK. It appears as if more and more people are willing to take the risk and start working for themselves. That being said, sole traders should not be blind to the many risks that are […]

How To Start A Clothing Business

How to start a clothing business

If you are an entrepreneur looking to start a business, starting a clothing brand or business can be a fun, exciting, and potentially lucrative venture. One of the best things is that clothing businesses are usually not overly expensive to start and often do not require a large amount of capital. The clothing industry has […]

The Quick Guide You Need For Opening A Takeaway

The quick guide you need to open a takeaway

Are you an entrepreneur that is interested in opening up a takeaway? One of the great things about opening up a takeaway business is that you can start small, and the business model can grow over time. Starting a takeaway can be a sound business idea for both aspiring entrepreneurs and entrepreneurs who have already […]

How is SSP Calculated? A Guide for Employers and Employees

How is SSP calculated

If you find yourself suffering from a condition that means you need to take time off work, the last thing you want to be worrying about is your finances. But for many people, this is a real concern, as they wonder how they will survive without their monthly income. Statutory Sick Pay, or SSP, was […]

All you need to know about Business Asset Disposal Relief

Business asset disposal relief - Things you need to know

As a business owner, you should be conscious and aware of all of the ways in which you can save money and access relief. All of this information is available to you online and through various other resources, but it is up to you to educate yourself! While it may seem admin heavy and time […]

How Business Owners should start Looking at the Bigger Picture

How business owners should start looking at the bigger picture

When you own a business, it is very easy to get caught up in the small intricate details of running it. There is always something that requires your attention, and there is always some or other decision that needs to be made. While details can be very important, a key to many business owners’ success […]