Year on year, the e-commerce industry continues to boom with more and more companies moving to the web. The rapid pace of business is amplified online,| ByteStart
With HMRC's Making Tax Digital (MTD) for Income Tax coming soon, the frequency of filing returns will increase quite dramatically for the self employed.| ByteStart
As a limited company owner or director, one way you can raise capital, reward employees or facilitate expansion is by issuing new shares in your company.| ByteStart
A company liquidation expert explains how to close a limited company with the best outcome for both the business and its shareholders.| ByteStart
Running out of cash can have grave consequences for your business. It could result in it being put into liquidation or you being declared bankrupt.| ByteStart
No matter how successful your business has been with just you working in it, if you want to grow you'll need to employ people. There are a number of| ByteStart
Are you an employer that is being taken to the Employment Tribunal by an employee for alleged sexual harassment or racial discrimination or for unfair| ByteStart
When you are starting a business, sitting down and grappling with Health & Safety legislation isn't one of your top priorities. It's fair to say that| ByteStart
As a small business owner, your legal responsibilities when taking on staff can be somewhat daunting but with a little help you can soon get your head| ByteStart
Professional Indemnity (PI) insurance is an important consideration if you provide professional advice to clients via your own limited company.| ByteStart
Contractors and consultants provide professional advice and services to clients and as such, might well be liable for any mistakes or errors they may make| ByteStart
Here is Bytestart's review of the main insurances that small businesses ‘must have’, cover you ‘should have’, and several ‘could have’ policies.| ByteStart
If you have set up in business via a limited company, there are a number of duties you will have - as well as legal and financial responsibilities - if| ByteStart
There are a number of different legal matters which need to be addressed before setting up a new business. Seeking good advice to help you through the| ByteStart
New start-ups and small businesses often fail to give much thought to their standard “Terms and Conditions of Business” (T&Cs). That is, until there| ByteStart
As an employer, you are required by law to give your employees a certain number of days holiday during the year. The amount of annual leave employees are entitled to depends on several factors.| ByteStart
Automatic enrolment has become an essential responsibility for hundreds of thousands of small businesses across the UK. Many small firms are still| ByteStart
When you start a business as a sole trader or limited company director, you may need to file a tax return and pay personal tax under self-assessment.| ByteStart
If your business's "taxable supplies" over the past 12 months have exceeded the VAT registration threshold, you should register for VAT. From April 2024,| ByteStart
Savvy entrepreneurs seem to make more money, yet find perfectly legal ways to optimise their taxes. So what do they know, and do differently to cut their| ByteStart
Tax investigation insurance is a type of policy which provides financial cover in case your small business is subject to an HMRC enquiry.| ByteStart
Although most professional contractors work through limited companies, a significant percentage prefer to (or have to) work through umbrella companies.| ByteStart
Bootstrap marketing is what the web is all about—a way of promoting a business on a tight budget, maximising return on investment and minimising risk. You| ByteStart
Business Asset Disposal Relief (BADR) can help reduce your capital gains tax bill if you sell your business. We explain how BADR works, what the current rates are, and what the lifetime limit is for disposals.| ByteStart
Important decisions made in haste tend to have implications. And while you shouldn’t use that as an excuse not to get on and make your dream happen, there are five things you must research before you start your business.| ByteStart
There are several reasons why opening a business bank account and keeping your business and personal finances separate is a good idea for a sole trader.| ByteStart
If you run a limited company, you will deal with Companies House fairly regularly. In this article, we look at Companies House's main functions and the obligations company directors have.| ByteStart
How does the post-April 2023 Corporation Tax (CT) regime work, and how much more tax small limited companies now pay as a result of the tax rise?| ByteStart
A dormant company is a standard limited company that doesn't trade and has no accounting transactions. There are two main situations where owning a dormant limited company can be useful.| ByteStart
A good accountant will keep your books in order, help with tax planning, and will ensure that you meet all your tax deadlines. Here are some tips from the ByteStart team to help you choose the best accountant.| ByteStart
While nobody likes to think about it, things can and do go wrong when you're in business, no matter how cautious you are. An employee could get hurt on| ByteStart
One of the most important decisions you make when you set up a new business is to decide whether to become self employed or form a limited company.| ByteStart
Are you thinking of joining in and trying your hand at becoming an eBay seller? Here's what you need to know about getting your new business off the ground.| ByteStart
Here's how company dividends are taxed, and how you calculate the amount of tax you need to pay on your dividends.| ByteStart
If you are setting up a limited company for the first time, here is an overview of how corporation tax works, including details on the 2023 tax hike.| ByteStart
VAT is something that many new business owners overlook. Many assume that it doesn’t apply to them – surely it’s just for the bigger businesses out there?| ByteStart
If you start a business as a sole trader, you need to set up an accounting system to record your income and expenses, and work out how much tax to pay.| ByteStart
One of the first tasks you will have when starting up your business will be to decide whether to set up a new limited company, or become self-employed.| ByteStart
If you're self-employed or a company director, you must file a yearly tax return. If you make errors, miss the deadline, or withhold any information, HMRC| ByteStart
To explain more about the tax advantages of a limited company, we asked a leading accountant to outline the tax-effective ways you can pay yourself via your own company.| ByteStart
Starting a pension to save for your retirement is relatively straightforward. Here’s what you need to know about setting up a pension when you’re a sole trader.| ByteStart
As a sole trader, you can deduct many business costs from your income and pay less tax. But what counts as a legitimate business expense? And how do you claim?| ByteStart
Which expenses you can claim via your limited company, and what to consider when deciding whether it's you or your business that should pay for something.| ByteStart
Alongside big upsides, being a sole trader also has downsides. So, depending on your goals and the nature of your business, a different structure might be a better choice.| ByteStart
If you’re new to self-employment, setting up as a sole trader is the easiest way to go. The registration process is simple, there’s almost no paperwork involved, and you don’t have to pay any registration fees.| ByteStart
VAT is one of the more complex accounting practices a business must undertake, which is why it can help to simplify it as much as possible. The Flat Rate| ByteStart
With the complexity of the VAT laws it's understandable that businesses make mistakes on their VAT returns. However, these mistakes can be very costly| ByteStart
We look at what the Financial Services Compensation Scheme (FSCS) is and how it protects sole trader and limited company bank deposits.| ByteStart
If you're starting up, do you need a separate bank account for your new business? The answer depends mainly upon the type of business structure you choose to work under.| ByteStart
One of the most frustrating things you will come up against as a small business owner are bank charges. Unlike personal banking, where we are used to| ByteStart
This concise guide provides some practical tips for setting up the right business bank account and how to work out the real monthly cost.| ByteStart
There are several advantages to working via a limited company. Here we look at the benefits - including lower tax and limited liability.| ByteStart
Most company directors are paid an annual salary, and draw down profits as dividends. What is the optimal salary/dividend split in 2024/5?| ByteStart
We look at the UK tax rules for the self employed so you can nail your tax return like a pro. We cover income tax and NICs for 2024/5.| ByteStart
In this guide, we look at the taxes the self employed pay. We also look at some common mistakes to avoid when it comes to dealing with HMRC.| ByteStart
How National Insurance works for small businesses - Class 1 for limited companies, and Class 2 & 4 if you're a sole trader or member of a partnership.| ByteStart
Find out how much tax you pay as a sole trader - in terms of income tax and Class 2/4 NICs on your business profits.| ByteStart
How to set up and run a business partnership - including legal considerations, how to choose a name, register the partnership with HMRC and pay taxes.| ByteStart
Once you decide to become self employed, you can start trading right away. Here we explain how to register your new business with HMRC.| ByteStart