What are business rates? A guide for small businesses
What are business rates? Business 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.
7 advantages of being a sole trader - Small Business UK
IPSE’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.
What is a sole trader? A small business guide
As well as the exciting stuff like naming your business and finding new customers, you also need to make sure you stay on the right side of the taxman and the law, and part of this is picking the right structure for your new business.
A guide to Statutory Sick Pay for employers - Small Business UK
Aug 4, 2022 · When SSP becomes payable on the fourth day, your employee can receive up to £99.35 per week for up to 28 weeks, which should be paid on the same schedule as their wages, and with income tax and National Insurance deducted if applicable.
Mileage allowance in the UK – what is it and how does it work?
Providing mileage allowance for employees who drive for work has become more popular in recent years. But with HMRC’s many rules, it can be confusing for employers and employees alike how this process works.
The 6 best VOIP providers for small businesses
Pricing. Essentials: £12.99 per month Standard: £19.99 per month Premium: £24.99 per month Ultimate: £29.99 per month If you’re looking for a great all-rounder, look no further than RingCentral. More than 400,000 businesses make use of its simple and affordable VoIP service to manage their daily communications.
What is the VAT threshold? - Small Business UK
Jun 17, 2024 · Name: Current rate: Description and examples: Standard: 20%: The standard rate of VAT is the default rate - this is the rate that's charged on most goods and services in the UK unless they're specifically identified as being reduced or zero-rated.
Tax advantages of a limited company versus sole trader - Small …
Being a sole trader means that you run your own business as an individual and are essentially self-employed. This is the most popular way of trading in the UK, with 4.24m sole proprietorships recorded as of July 2024.
150 UK small business grants to apply for right now
Sep 13, 2024 · Business grants England 25. Mobile Boost Scheme. Connecting Devon and Somerset’s (CDS) Mobile Boost Scheme, has been designed to help small businesses and households who currently have adequate outdoor but poor indoor mobile coverage. The initiative aims to improve the quality of mobile phone calls and connectivity.
How to choose a workplace pension provider - Small Business UK
Defined Contribution: Sometimes known as money purchase schemes, these are based on employers and employees agreeing on defined percentage contributions into a pension pot. The contributions are then put into investments by your pension provider. It’s the most commonly offered scheme. Defined Benefit: These are based on a member’s salary and the period of time that they’ve worked with ...