Business

13 July 2022

How to start a business

So you’ve got your big idea, or want to make your side hustle your full time job by starting a business. Now’s the time to go for it! Before you start a business, here are some important steps you need to take to make sure you’re starting your… Read more

27 June 2022

How to test your business idea

When you start a business it's important to test your idea on your target audience. We take you through why you should test your idea and how to do it. Why is it important to test your business idea? It’s easy to get caught up in the excitement of… Read more

24 May 2022

How to become a consultant

Becoming a consultant is a great way to take your career to the next level while being your own boss. From how to get started to what you need to consider, find out what you need to know. What is a consultant? A consultant is an expert in a certain… Read more

28 April 2022

What is a break even analysis and how do I do one?

A break even analysis will show when a business becomes profitable. It’s the process of showing how much money you will need to make to at least cover your business expenses. ‘Break even’ describes the point where you aren’t making a loss, but you… Read more

30 March 2022

9 things to expect in your first year running a business

Becoming a new business owner for the first time is exciting, but it can feel a little daunting too. To help you get prepared, here’s a list of things you could expect from your first year of running a business. Setting up a business Whether you… Read more

21 March 2022

7 reasons to check your reports

Reports generated from your accounting are useful tools to help you understand your business. Find out why you should check your reports and what you can use them for. 1. Check your business performance The first reason to take a look at your… Read more

10 March 2022

What is a limited partnership

Find out everything you need to know about a limited partnership, including what a limited partnership is, how to start one, which taxes you need to pay and how to do your accounting. What is a limited partnership? A limited partnership has at least… Read more

28 February 2022

How to pay yourself as a sole trader

When you start working as a sole trader it can be confusing to know how to pay yourself when you no longer receive a salary from your employer. Find out how to pay yourself as a sole trader, how much to pay yourself, and why it’s a good idea to have… Read more

21 February 2022

What is an LLP?

If you want to start a business with another person or company, then you need to know about running an LLP, and how this is different from a normal partnership. What is an LLP? LLP stands for limited liability partnership. When you ‘incorporate’… Read more

25 January 2022

What is a partnership?

If you want to start a business with another person or company, then you need to know about running a partnership. What is a partnership? A partnership is when you and your partner(s) share responsibility for your business. A partner doesn’t have to… Read more

7 December 2021

How to pay yourself as a limited company director

When you run a limited company it’s up to you how you pay yourself. You have a few options, and there are different advantages and benefits all of them: Taking a regular salary Paying yourself in dividends A combination of salary and dividends This… Read more

3 November 2021

What is a directors loan?

Did you know that you can take money out of your business as a limited company owner? What is a director’s loan? A director’s loan is money taken from the company that isn’t classed as salary, dividends or another type of expense. As any money made… Read more

28 October 2021

How to turn your hobby into your business

If you have a hobby you think you can make money from, why not turn it into a business? Follow this step-by-step guide to starting your own business doing what you love. Decide if you want to go full time or on the side The first step to making your… Read more

13 October 2021

How to change from a sole trader to limited company

If you’re thinking about making the change from being a sole trader to a limited company, here’s what you need to know. Difference between sole trader and limited company A sole trader is a person who runs their own business, and can keep the… Read more