How To Join The New VAT Deferral Payment Scheme?

The pandemic has struck the world and has had a massive impact on the economy. Therefore the government had announced that the VAT payments can be deferred. This is part of the government package of support worth more than £280bn. A business that had deferred VAT between 20 March 2020 and 30 June 2020 can […]

How to Apply for Marriage Allowance in the UK?

There are various tax allowances in the U.K to save tax. The UK government’s marriage allowance is one such saving option for married couples or for those in a civil partnership. We will take a look at who can apply and how to apply for a marriage allowance. What is the Marriage Allowance? As mentioned […]

When And How To Claim Married Couple’s Tax Allowances?

Once you exceed your personal allowance, you need to pay the tax to the HMRC every year. However, there are a few allowances that you could receive that will reduce the tax to be paid. The married couple’s tax allowance (MCA) is one such you can claim. It does not reduce the taxable income on […]

The 7 most common fears of starting a business

A lot of people would like to commence a business of their own. However, we all have our own lives and responsibilities, which we have to fulfill. If I leave the job, how will I meet my expenses? What if I am wrong? Will I let people down? Will I get a good job if […]

What is a SWOT Analysis and how to make it?

A swot analysis is a system used to define your strengths, weakness, opportunities, and threats. It can be done on an individual project or a company. Strengths and weaknesses are internal to the company, things that you have some control over and can change. Whereas, opportunities and threats are external things that are going outside […]

How to find a name for your business?

It is important to name your business appropriately as it has a huge impact in the long run. A few questions that come to people’s minds are how can I find an appropriate name and what are the important factors while naming. If you are someone who has already commenced a business, you can understand […]

9 important reasons why accounting is important for a business?

Accounting is the process of recording the financial transactions of a business. The process includes summarizing, analysing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. It is one of the key functions of almost any business. The reports generated by various streams, such as cost and managerial accounting, are invaluable in […]

The 5 major challenges of women entrepreneurs.

Over the years, most of us have met some aspirational women who have the potential and skillset to become successful entrepreneurs. But eventually, we only see a handful come forward and take a ride with their dream. The ability to build their own economic destiny by becoming an entrepreneur is a dream for everyone. Many […]

How to hire the perfect candidate for your business?

It is essential for the success of the organization to hire the perfect candidate The most valuable resource of every organization is its employees. The success of your business depends upon the employees you hire. Job is an essential component for every individual and makes people accept everything during the interview. But this doesn’t mean […]

How to register your Business in the UK?

There are different ways and legal structures to register your business. It really depends upon how you would like to structure your business. Some factors that you must consider are how much control you want, the type of work you’ll be doing, and your long-term plans. It is possible to change your status later, as […]