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 ...
Best accounting software if you’re a sole trader
WEBOct 14, 2022 — PayPal, Revolut Business, Metro Bank, HMRC, XE, Stripe and more. No. Small: £6 a month for first three months; £12 a month thereafter. Sage. Create and send invoices, track what you're owed, calculate and submit VAT, automatic bank reconciliation. Stripe, GoCardless, Zapier, Square and more. 30-day free trial.
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.
Pros and cons of employee ownership trusts (EOTs)
WEBIt is this shift that helps to drive success in an employee owned business.”. As employees are more heavily involved, it’s shown to reduce absenteeism too. Tax-free bonuses for employees. Companies co-owned by EOTs are also able to pay tax-free cash bonuses to their employees of up to £3,600 per employee per year.
Advice and Ideas for UK Small Businesses and SMEs
WEBSmallBusiness.co.uk provides advice and useful guides to UK sole traders and small businesses. Our goal is to help owner managers and entrepreneurs to start, run, grow and succeed in business, helping turn your business idea into a profitable business.
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.
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 ...