The 6 best VOIP providers for small businesses
WEBUnlimited calling (with desk phone): £15.50 per user per month. Targeted at startups and growing businesses, bOnline is the VoIP system that claims to give small businesses enterprise-level communication services at an affordable cost. Starting from £7 per user per month, it’s certainly one of the cheapest UK VoIP providers.
What is a sole trader? A small business guide
WEBBeing in business on your own, if you don’t set up a limited company at Companies House to run your business through, then by definition, you’re a sole trader. When you’re a sole trader, you are self-employed, and legally, you and your business are one and the same. We’ll explore what that means in a bit more detail shortly.
What are business rates? A guide for small businesses
WEBBusiness rates are one of the UK’s oldest taxes; its origins can be traced back to the Poor Law of 1601. Business rates can be roughly defined as the tax paid for the occupation of a non-domestic property. They approximately correspond to 50 per cent of the annual rent of the property. Business rates are based on a specific value, known as ...
Mileage allowance in the UK – what is it and how does it work?
WEBHowever, the recommended rate is 45p per mile (HMRC, 2023). It is also important to note that a rate higher than 45p per mile will be rates on excess. So, if your employee drives 70 miles you can figure out their mileage allowance using this equation: 70 x 0.45 = 31.5.
7 advantages of being a sole trader - Small Business UK
WEBIPSE’s director of policy, Andy Chamberlain, told Small Business: “If you operate as a sole trader, it’s a bit more straightforward than a limited company.You work and get paid as an individual – which is the way most freelancers work. You still have to pay tax on your profits but there are fewer compliance burdens than those that work via a limited company.
A guide to Statutory Sick Pay for employers - Small Business UK
WEBIn order to qualify for SSP, employees must: Have an employment contract. Have worked under that contract. Have been sick for four or more days in a row. Earn an average of at least £123 per week (for 2022/23 tax year) Have notified you of their sickness within your stipulated time limit. In some circumstances an employee may be ineligible for ...
Profit and loss template - Small Business UK
WEBUse this template to build your own profit and loss account as a small business owner. A profit and loss account (P&L) template is important whether you are running a business or in the process of setting one up. If the latter, as a part of P&L forecasting, it forms a required part of a business plan. A P&L account will show you what your ...
What is the VAT threshold? - Small Business UK
WEBJun 17, 2024 · From April 1 2024, it will increase to £90,000, as announced by Chancellor, Jeremy Hunt. VAT thresholds for previous years are as follows: 2014–2015 – £81,000. 2015–2016 – £82,000. 2016–2018 – £83,000. 2019-2024 – £85,000. Once your business’s turnover reaches the VAT threshold, you have 30 days to register for VAT with HMRC.
9 of the best business energy suppliers based in the UK - Small …
WEBThe UK’s first local authority-owned energy company, Robin Hood Energy is a not-for-profit with no private shareholders and no directors’ bonuses. Robin Hood Energy gives you your own account manager who will know you and your business. Tariffs. Robin Hood Energy offers straightforward fixed 12-month contracts.
How to start a freelance career in the UK – a beginner’s guide
WEBFind out what your potential client is seeking to achieve from the project in question. Tailor your CV to demonstrate how you can add value to the project. Always detail the measurable outcomes of your previous work and how they have benefitted your employers. Recall your learnings from previous jobs.