Starting up in business

Concise information on the key issues to consider when starting up in business. Click on the links below to access the relevant information.

Business plans

Every new business should have a business plan. It is the key to success. If you need finance, no bank manager will lend money without a considered plan. We consider why you should draw up a plan and what it should include.

Business structures - which should I use?

Having made the decision to be your own boss, it is important to decide the best legal and taxation structure for your enterprise. The structure for you will depend on your personal situation and your future plans. Consider the options available.

Considerations when starting a business

It is the ambition of many people to run their own business but there are many issues and pitfalls to consider. What issues should you consider when setting up in business?

Could I really make a go of it?

If you are looking to run your own business, it is worth looking at what is required to succeed.

Credit control

We consider what you need to be checking in order to understand if your customer can support the amount of credit you are granting.

Insuring your business

When starting a new business, you will no doubt recognise the need for insurance. It can provide compensation and peace of mind should things go wrong but can also represent a significant cost. We consider the types of insurance you may need.

Raising finance

Every business needs finance - we look at what type of finance is best suited to the development of your business.

Sources of finance

The financing of your business is the most fundamental aspect of its management. Get the financing right and you will have a healthy business, positive cash flows and ultimately a profitable enterprise. We summarise the means of finance that are available and where we can help.

Blog posts

Tax gap remains low

HMRC has published a report showing that the UK tax gap in 2017/18.

04 Jul 2019

Preparing the workforce for EU Exit

Over two thirds of EU citizens that are currently in the UK are here for work.

04 Jul 2019

MTD for VAT latest

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system.

04 Jul 2019

Employer Bulletin - latest guidance

HMRC has issued the June 2019 edition of the Employer Bulletin.

04 Jul 2019

New measures to ensure small businesses get paid on time

The government has announced a package of measures to ensure small businesses get paid on time.

04 Jul 2019

Payment on account confusion

Under self assessment taxpayers are required to make payments on account of their tax liabilities.

04 Jul 2019

UK Investment Support Directory

International investors who wish to set up and expand their operations in the UK can now benefit from an online tool launched by the Department for International Trade (DIT).

04 Jul 2019

Consultation on the operation of Insurance Premium Tax

HMRC has launched a consultation to review the extent to which the emerging practices are leading to 'unfair tax outcomes' in the administration and collection of Insurance Premium Tax (IPT).

04 Jul 2019

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