When you start a business, there are a variety of different business structures that you can choose. Below is a comparison of the different options. It has to be said that it is rare for a start up to proceed directly to plc Sole Trader/Proprietor Single person in business Who to tell/register with: Notify HMRC […]
Planning
10 Great Apps for Consultants
This is a collection of apps and software that consultants, contractors and coaches might find useful in running their business. 1) Skedpal This is my current favourite task management / time management app. If you are a fan of “timeblocking” to get things done, you might find it useful, too. First, add all your tasks […]
Things You Can Do when your Business is Quiet
At the moment many businesses are in a state of hibernation. This means that you might have extra time on your hands like never before. (If you’re a furloughed director, you can only carry out statutory duties but if you are self-employed you can continue to work.) So… Make sure you have enough to survive: […]
Director’s Salary and Dividends 2020-21
As we start a new tax year, the question of what directors of their own limited company should pay themselves arises. Since the coronavirus/covid-19 crisis, this has taken on new significance, as directors who are able to furlough themselves can only claim 80% of their PAYE salary through the coronavirus job retention scheme. This is […]
Government Support for Company Directors affected by the Coronavirus
[Updated 16 April 2020] There have been various announcements for government help for business generally, the employed and the self-employed (which includes partnerships) Company directors do NOT qualify as “self employed” as they are office holders (unless they also have a separate self-employed trade, of course) Directors may be able to access the Coronavirus Job […]