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Most people would say build your business how you would build your house, and this is because you wouldn’t build a house without a plan and a paper trail. So why build a business without one? If you are not incorporated, you don’t look as professional as you feel. By incorporating your business, you are…

You should consider writing a will as a business owner. It is imperative for business owners to have written a Will. Although it doesn’t make for a pleasant thought, as business owners, we’re all going to have to consider the unavoidable circumstance of leaving your business at some point in your lifetime. If you don’t…

Unpaid debts hold up your business and, ultimately, affect your life. They stem your cash flow and make it difficult to forecast and forward plan. If you’re a business owner, it’s more likely than not that you have struggled with retrieving payments from someone at some point. This can cause endless worry and confusion. You…

What is the IR35 April 2020 The IR35 is also known as the Intermediaries Legislation. It was first introduced in April 2000 to stop tax avoidance by individuals working as an employee for a company through an intermediary, such as a limited company. If they choose to, HMRC can investigate anyone they think has been…

A recording of your last wishes does not constitute a valid Will, at least not when it stands alone. A great many individuals record their Wills anyway, as a safeguard against Will contests and other eventualities that might result in the probate court not honouring their bequests. Video- and audio-recorded wills generally enforce or back…

IR35 is a section of legislation that permits HMRC to collect extra payment where a contractor is an employee in all but name. If a contractor is operating through a third-party, such as a limited company, and if it wasn’t for that third-party, they would be an employee of their client, IR35 kicks in. The…

Cash flow is a vital part of running a successful business. When faced with debt recovery for your business, it can feel like you’re up against a wall. So, when you find that you’ve got a pile of invoices accumulating that are left unpaid, you’ll begin to feel the strain. Unpaid commercial debts can leave…