Opening a business bank account
It is not a legal requirement that you open business account – but there are several reasons why it is a good idea.
Small Business Banking
The financing channel looks at the different small business funding options available to start-up companies and established SME businesses looking to grow. Read a wealth of guides and tips to help manage your accounts and cash flow better, views on the future of business banking and where to source alternative finance.
It is not a legal requirement that you open business account – but there are several reasons why it is a good idea.
Small Business Banking
Small Business Banking
If you have an employee who does not have a bank account, and insists on being paid in cash, what are your options?
Tax
If you are importing some VAT-rated products in from the EU, but your turnover is less than VAT registration level, find out whether you have to pay duty.
Accounting
Registration for VAT is compulsory in certain situations, but also available on a voluntary basis subject to specific criteria.
Small Business Banking
If your business has a strong hold in the overseas market, or you regularly receive and make payments in a foreign currency, then you may benefit from opening a foreign currency account.
Business Loans
If your business plan and financial forecasts are sound, you may be feeling brave enough to approach a bank for funding.
Small Business Banking
Whether or not to open a Euro account depends on your individual circumstances. It may or may not be in your best interests.
Accounting
There are numerous ways in which company directors can pay themselves in a tax-effective manner. However, the most topical debate raging at the moment concerns the notion of taking a high proportion of your earnings as a dividend rather than via a salary.
Small Business Banking
Whether or not to open a Euro account depends on your individual circumstances. It may or may not be in your best interests.
Accounting
There are numerous ways in which company directors can pay themselves in a tax-effective manner. However, the most topical debate raging at the moment concerns the notion of taking a high proportion of your earnings as a dividend rather than via a salary.
Government Grants
There are millions of pounds in funding available for technology and communications companies in the UK from funding providers such as the Government and the European Union.
Accounting
The legal form of your business is an important decision to make. If you are setting up a business with others, you can choose between partnership, limited company, limited liability partnership or co-operative.
Government Grants
There are government grants available from both UK and EU organisations.
Accounting
With the European Directive on late payments coming into effect in less than three months, the Forum of Private Business is advising small businesses to revise their terms of trade now to reap the benefits.
Business Loans
Everything you need to know on what small business loans are and what types of loan are available for your business.
Business Technology
To run an optimal business, you must have optimal tech. We explain why you must upgrade your business technology on a regular basis
Investing in a franchise
Starting a new business is an exciting venture. But – especially in well-established industry sectors – a key question is whether it would be better to buy a franchise or go solo.