In this article, we will clarify the difference between a business and a company. Many people use these terms interchangeably, but there are significant differences between them. A business is an individual or organization that engages in commercial, professional, or…
All limited companies, whether they trade or not, must deliver annual accounts and a confirmation statement to Companies House each year. This includes dormant companies. A company’s directors are legally responsible for running the company and making sure company accounts…
The new Economic Crime (Transparency and Enforcement) Bill received royal assent on 15 March and became an Act. Under the Act, a new Register of Overseas Entities will be created and held by Companies House. This new Act forms part of the government’s strategy…
There are a range of organisations and programmes that can support your business in a number of ways. You can find some of them listed below, with links to the relevant websites Name: Federation of Small BusinessesWebsite:fsb.org.ukMission: To help smaller businesses achieve their…
Invoice Finance allows businesses to borrow money from lenders, whilst using their unpaid invoices from customers as security for the loan. This allows businesses to improve their cash flow, pay their employees and reinvest in operations. Through invoice factoring, a…
What’s a limited company? A limited company is a distinct legal entity from the business owner that can be formed whether you’re a one-person business or have employees. By forming a limited company, you serve your business as its director….
What is a digital bank? A digital-only bank is one that provides all its banking facilities online and through app platforms on mobile and tablets. Digital banks have no need for physical branches and their services are provided using automated…
The History of VAT Value-added tax or value added tax (VAT) is a consumption tax levied in the United Kingdom by the national government. It was introduced in 1973 and is the third largest source of government revenue after income tax…
