As a small business owner, I understand the challenges that come with running a company. One of the key considerations is ensuring that we can meet our financial obligations, including paying our employees fairly. The recent national minimum wage hike…
Importance of Shareholder Agreements and What They Mean In this article, I will discuss the significance of shareholder agreements and what they entail. Shareholder agreements play a crucial role in protecting the interests of all shareholders, including the majority shareholder,…
In the UK business landscape, effective corporate tax planning is key to optimising profits and driving growth. A crucial aspect of this process involves leveraging capital allowances, annual investment allowances, and full expensing as strategic tools to manage business expenditure.…
Cash basis accounting is a fundamental accounting method used by small businesses to track their finances and manage cash flow. It recognises income and expenses based on when cash is received or paid, providing a straightforward approach to financial record-keeping.…
When it comes to looking for small business growth strategies, statistics show that almost 20% have failed to thrive in their first years, and one third have survived past the 10-year mark. Although this statistic is stark and provides a…
If you're a business owner, you might be curious about the optimal way to structure your company. The most common arrangement is to become a sole trader. In this blog post, we'll look at the upsides of this option, as…