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National Insurance plan changes – October 2018 3 million self-employed workers were due to receive a tax cut for National Insurance; however, these plans by George Osborne have now been scrapped by Chancellor Philip Hammond. On Thursday, the Treasury revealed it will no longer abolish Class 2 National Insurance Contributions (NICs). The plans had originally […]

Taking the leap to start your own business is really exciting and life-changing, you get to pretty much be your own boss and do things your own way.  However, as exciting as it may seem there are a few serious things you have to get to grips with to make sure everything runs as smoothly

Cash is the most important part of any business and what ultimately keeps it going whether that be profit, paying employees or expenses.  All areas of cash management are vital! Here we have a few tips to make sure your cash flow remains strong. Analysis An essential part of any business is forecasting cash flow,

The Royal Mail hopes to help small businesses and eBayers by launching its first ever parcel postboxes in the UK. There will be specially adapted parcel postboxes where marketplace sellers and small business owners on sites such as Etsy and eBay will be able to post prepaid parcels.  This is the first major change to

We know it can sometimes be a struggle to get money from difficult customers or make sure they pay on time.  When you’re a contractor, freelancer or a small business owner this isn’t money you can easily wait for. We hope to shed light on what the rules are and what you can do to

When deciding to become self-employed, there’s a lot to take account. This includes things such as the operational structure of your business and how you’ll pay tax.  These are things that can seem brand new when you’ve spent most of your career being an employee. Three terms you may have seen during your research for

Corporation Tax is the tax levied on the profits of limited companies.  This can include any foreign company if it has an office branch in the UK too.  For the 2018/19 tax year the current rate is 19%.   A limited company based in the UK will have to pay Corporation tax on all of

If you are starting a business or trying to grow a business, it is important that you have a healthy cash flow. ll businesses aim for profit, but one good month just isn’t enough, you need a consistent cash flow. A business also needs to be able to manage fluctuations in expenses and payments too.

When starting out with your own small business, there are many different structures to choose from with the most popular company structure in the UK being a limited company. A limited company can be a very sensible choice for self-employed people, particularly, as your turnover grows, the structure of the limited company can throw up

If you’re a self-employed pregnant woman, you are entitled to a maternity allowance. This refers to women who are still working but don’t qualify for statutory maternity pay (SMP) or who’ve recently stopped working. The Department for Work and Pensions pays the maternity allowance for a maximum of 39 weeks for applicants that qualify. Applications