What Tax Allowances Can Your Small Businesses Utilise?

There are a range of taxes which affect businesses. You could be required to pay income tax as a sole trader, for instance. However, when you become self-employed, you can claim some operating costs against your tax bill, lowering outgoings. Turner Little considers the tax allowances you could potentially utilise.

UK SMEs Are Capitalising On R&D Tax Credits

If you run a small to medium sized enterprise (SME), you can claim (research and development) R&D tax credits. You can use these credits to offset certain product development costs from your corporation tax bill, lowering your outgoings. New data indicates that many SME owners are taking advantage of these tax credits, but that a significant share of small businesses are not aware of their full entitlement.

Read the full article on the Turner Little Blog.

How to Develop Your Business’ Phone Number

It is vital that when you start a business, you select your phone number carefully. It is advisable to use a marketing number, which does not pin your firm down to a geographical location. These numbers can be effective marketing tools, helping you attract consumers nationwide and generate greater revenue. There are various options with marketing numbers. Here is Turner Little’s guide to business phone number options.

Read the full article here.

How Could Brexit Change Trademark Protection?

It is wise to use trademarks to protect your firm’s intellectual property (IP), to gain a competitive edge in your chosen industry. Trademarks are governed by British and European regulations, so what happens when the UK leaves the EU? Turner Little asks: how could Brexit change trademark protection?

Read the full article on whether Brexit will impact current trademark issues on the Turner Little blog.

How Your Business Can Save Money On Banking

Finding launch funding is one of the key considerations of starting a business. You need to source appropriate banking services, to handle starting and operating capital effectively, while keeping day-to-day business costs low. Turner Little discusses how your business can save money on banking.

Read the full article on the Turner Little blog.

How Many People Are Required to Register a Limited Company?

If you want to launch a new business, should you operate as a sole trader or a limited company? The latter option provides various benefits e.g. a greater degree of personal financial protection, but as a company director, you will also have certain responsibilities, such as completing filing obligations.

It is wise to research company formation, before pursuing this option. Look at the creation process, which involves registering the firm with Companies House, something which as experts in this field, we can help with. With this in mind, how many people are required to register a limited company?

Read the full article on the Turner Little Blog.

UK to Begin Brexit In Early 2017

Prime Minister Theresa May has announced that the UK will start the process of leaving the EU (Brexit) in early 2017. Turner Little considers what this could mean for your small business going forward.

Five Frequently Asked Questions On Franchise Agreements

You can reap a range of significant benefits when starting a business, but this also comes with a degree of financial risk. Instead of opening a business on your own, you could enter a franchise agreement. Here you (the franchisee) sign a contract with an established firm (the franchisor) to provide goods and services under their brand. It is essential that you perform extensive research, before entering a franchise agreement. Turner Little answers five frequently asked questions on franchise agreements.

How Can You Protect Your Business’ Financial Future?

If you have a great business idea, which you want to turn into a start-up, you need prepare yourself for unforeseen circumstances. Bottom-line damaging factors such as financial market volatility, cyber-attacks and natural catastrophes are hard to predict, so how can you prepare your firm to weather these storms?

Turner Little asks: How can you protect your business’ financial future? 

What Insurance Do You Need To Run A Business From Home?

Finding insurance is one of the basic considerations of starting a business. You are required to take out various insurance policies, depending on the nature of your firm. What does this mean for home-based companies?

Turner Little asks: what insurance do you need to run your business from home?