7 Common Mistakes to Avoid When Starting an Online Business
Avoid these common mistakes when starting an online business so you can hit your goals faster and minimise your chances
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9 Profitable Online Business Ideas For Self-Employment in 2023
If you’re looking for ideas for self-employment or a side hustle that bumps up your income with low start-up costs, then take a look at these 9 profitable online business ideas you can start in 2023.
Is Client Entertainment Tax Deductible for the Self-Employed?
Client entertainment is not a tax-deductible expense if you’re a sole trader (or even if you formed a Limited Company). Unfortunately, after many years of business owners abusing their deductions and putting through personal entertainment costs as a business expense, HMRC has taken the approach to make all client entertainment a disallowable expense. In addition, … Read more
Advantages of Being a Sole Trader
Find out the advantages of being a sole trader if you are setting up a business in the UK including taxes, reporting and registration
Beginners Guide to Setting Up as a Sole Trader
Find out how to set up as a sole trader, how to complete the registration process with HMRC and your responsibilities including taxes and expenses.
How to Manage Your Finances as a Solopreneur
11 ways to manage your finances as a solopreneur, whether you’re in your first or tenth year of self-employment.
What is a SME business?
Is this a business term you hear regularly but aren’t sure of the exact answer? Although there are varying factors and characteristics to determine what is a SME business, it’s important you’re aware of what it actually means as it can affect the way you run your own business. Defining the size of a business … Read more
How Much Can You Earn Before Paying UK Self-Employment Tax?
Are you wondering how much you can earn before paying UK self-employment tax? Then read on! If you are self-employed you can earn up to £1,000 each tax year before paying tax in the UK by taking advantage of the trading income allowance. It’s a tax-free amount you can get paid in income (not profit) without … Read more
How to Survive and Thrive in your Business for 2023
When you’re a business owner and want to prosper, you’ll need to consider new ways to develop your business in the coming year. Regardless of the industry you’re in, or whether you have a side hustle or larger company, focus on growth is essential to survive and thrive in your business. Running a self-employed business … Read more
Differences Between Self-employed and a Small Business Owner
Do you sometimes get confused as to what you call yourself in relation to running your business? Solopeneur? Self-employed? Business owner? Freelancer? Essentially, these titles all represent people who chose to earn an income independently rather than through traditional employment. While the difference between small business owners and the self-employed could be construed as subtle … Read more