To be or not to be…..incorporated?

Tax changes have made it even more important to consider carefully, when running a business, whether it is best to trade as: Sole trader – an individual Partnership – two or more individuals or companies Limited liability partnership Limited company I am often asked,...

Why mentoring matters…

In today’s complex entrepreneurial environment, mentoring is more important than ever. However, while an overwhelming majority recognise that mentoring can help them to succeed, very few of the UK’s five million SMEs currently make use of business mentors. Why is...

VAT: 5 common small business queries answered

1. VAT registration limit The VAT registration threshold is £81,000 from 1st April 2014. This means if your taxable income has gone over this limit within the last 12 months, you must register for VAT. BUT… …..what you may not realise is that you must revisit this...

Do you want to be in the top 5%?

It’s nearing the end of February; you’ve calculated a sales total for the month. Do you know if you’re having a good year? When I ask most entrepreneurs this question, they don’t have an answer. This prevents them from joining the top 5% of entrepreneurs, those that...

5 Barriers to Business Growth

It is not access to finance that we regard as the largest barrier to growth, but the mindset of those responsible for directing the business through a period of change. What are the issues that we preventing growth within a business? In this blog we give you a...