When someone tells you that their business aim is to cultivate a culture of creativity, what sort of business comes to mind? Creativity is not only for job titles such as graphic designer or marketer but, instead, can be applied to the operations and structure of a business. After the pandemic, many businesses recognised that …
LLP members (partners) are self-employed, which means they don’t qualify for Statutory Maternity Pay but can still receive Maternity Allowance. To receive Maternity Allowance, you’ll need to fill out an application. We’ve outlined below what steps need to take place in order to receive this financial support. Applying To apply for Maternity Allowance you’ll need …
When Brexit drastically halted recruitment from the EU, the driver shortage led to a significant disruption in the supply chains of many businesses, which in turn had affected the delivery of food, fuel and other items across the UK. With the current drivers being overworked, stressed and quitting the industry, the real question was how …
SOLVING DRIVER SHORTAGE WITH LLPs – INTRODUCING MATTHEWS HAULAGE Read More »
VAT-registered businesses are required to submit VAT returns four times per year. You can, however, sign up for the VAT Annual Accounting Scheme if you are eligible (and it is worth your time). You will only have to file a VAT return once a year under this scheme. The scheme’s goal is to improve cash …
VAT Annual Accounting scheme, is it advantageous for my small business? Read More »
Making Tax Digital (MTD) is part of the Treasury’s vision to digitalise the UK tax system, which simply means that businesses must ensure that they maintain digital accounting records as opposed to continuing to do tax-related activities on paper. Hopefully, going forward, this will improve the speed and efficiency of the UK tax system as …
Making Tax Digital (MTD) for income tax – the what, the who and the how Read More »
Are you looking for a new way to incentivise your employees? A key part of restructuring your SME into a limited liability partnership (LLP), is having everyone share proportionately in the business’ success and profits. Essentially, having a profit share model in place. The best part about profit sharing is that it’s not just an …
What is profit sharing and why you should offer it? Read More »
Have you thought about switching your business structure from a limited company to a limited liability partnership but you kept running into these three concerns: “It won’t work for my business because we are too big.” “The industry we are in, I just don’t see it working…” “Management wise, what does it mean when everyone …
Your top 3 concerns about switching to a Limited Liability Partnership answered Read More »
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