UK small business tax rates 2024/25 – at a glance!

On 6th March 2024 the UK chancellor, Jeremy Hunt, revealed his pre-election Spring budget for 2024. Nothing ground breaking but a few notable things have changed. This is what the 2024/25 tax rates are likely to be for self employed people in the UK.

What is your business exit plan?

When I was about to set up one of my first limited companies, back in 2002, a good friend said to me “Andy, always have a business exit plan!”. I had no idea what he was talking about and brushed the whole idea under the carpet for a while. Little did I know at the time, this was the best single piece of business advice I’ve ever been given.

Is a Tide account right for my business?

In this review and overview we’re going to take a look at a Tide business bank account in 2024. As a small business owner you really need a dedicated business bank account. This can often take weeks or even months to set up through the traditional high street banks. However with a Tide business account you can be up and running in a matter of minutes. Accounts like this aren’t for everyone so let’s have a deep dive in to the pros and cons of a Tide account. Who is it for and is Tide even a bank?

Are Shorts breaking YouTube?

In a desperate attempt to compete with the likes of TikTok and appeal to our increasingly short attention spans, YouTube are heavily pushing Shorts. Ultra-shortform videos, under a minute long and in vertical screen orientation. Almost mirroring TikTok’s Black Mirror-esque promotion of infinite doom scrolling. Ignoring the psychological impact of consuming content in this way there’s a more concerning impact from a business perspective. It’s something I’ve been wanting to write about for a while. Are YouTube actively killing their own platform?

Know your numbers! Cash flow forecast template for the UK

By using a cash flow forecast template you can work out if your UK small business idea has legs. We’ve had a lot of small business ideas over the years. Some have been good, some have been bad. Knowing when to walk away is key to developing a successful small business. It’s absolutely essential that you do your homework and know your numbers! One way of doing this is by using a cash flow forecast. So let’s take a deep dive in to this.

How to use Acronis for your UK cloud backup?

Unless you’ve experienced the sheer devastation of data loss it’s a subject you’ve probably not put much thought in to. As a business owner you have a responsibility to ensure your data is protected – not only to keep your business safe but to keep your customers safe too. Today I’ll show you how easy it is to perform a UK cloud backup with Acronis Cyber Protect Home Office.

Tide vs Starling business accounts?

Over the last few years the small business banking scene has changed dramatically. Gone are the days of waiting weeks if not months for your business bank account to be set up. It can now be done in a matter of minutes. Two of the biggest small business challenger operations are Tide and Starling. So which is best suited to your small business? Today we’ll find out and look at Tide vs Starling Bank for business banking. As per usual this article contains affiliate links to help fund this website. I’ve personally used both Tide and Starling for my own businesses.

How do you buy Acronis Cyber Protect Home Office?

I personally use Acronis Cyber Protect Home Office for my own personal backup needs. Acronis is a big company with 18 locations across the globe and a multitude of products. For the small business owner this can be a little daunting. Don’t panic! The product you’re probably looking to get started with is Acronis Cyber Protect Home office, formerly Acronis True Image. So in this article I’ll explain how to buy Acronis Cyber Protect Home Office.

UK small business tax rates 2023/24 – at a glance!

At the time of writing, on 3rd April 2023, there was very little information on the gov.uk website about self employed tax rates for 2023/24. This has finally been updated. This is what the 2023/24 tax rates are likely to be for self employed people in the UK.

Self employed taxes in the UK – what records do you need to keep?

Let’s have a little chat about self employed taxes and record keeping in the UK. As a self employed person, you must keep records to back up the information you put on your self assessment tax returns. You can keep paper records, electronic records (e.g. in a spreadsheet) or you can use software. So what sort of information do you need to keep track of?