There’s no doubt that running your own business is a risky venture, but with that risk comes reward. Here are some of the amazing perks of starting your own business.
1. Be your own boss
When you run your own business, you have the freedom to make the decisions that are crucial to your business success. Moreover, the personal satisfaction that comes from succeeding as your own boss is priceless and worth working for.
2. Creative Freedom
Small businesses are well positioned to [...]
UK businesses are finding it easier than ever to grow with smaller costs for startups and greater confidence in the economy. Due to this there is an entrepreneurial boom taking place all across the UK, with lots of new business ventures.
Freelancer.co.uk have have studied 300,000 businesses and discovered that the number of people starting up micro-businesses and hiring people for part-time work has risen by 24% over the last 12 months.
The study also shows that this rise in confidence among small [...]
One of the first taxes you are likely to come across when starting a small business is VAT, and it’s one of those things that can sometimes cause confusion or headaches if you don’t understand it properly.
While VAT is generally pretty straightforward, there are some more tricky areas, so in addition to the small business guide to VAT, please do take advice from your accountant.
Does VAT apply to me?
VAT (Value Added Tax) is a tax that is charged on [...]