The U.K. saw an increase in company incorporations during 2022 Take a look at one of our partners' infographic which examines company start-up activity in the UK in 2022. The analysis provides general UK information or for more specific data, you can filter by county in the drop down above which
Maslow’s Hierarchy of Needs and Its Impact on Business
How Meeting Employee Needs Can Drive Success By understanding the needs of their employees and how they can fulfill them, businesses can create a work environment that fosters growth and success. In this blog post, we will explore Maslow's hierarchy of needs and its impact on business. Understanding
Dealing with the HMRC
If you are a taxpayer in the UK and you need to deal with HMRC, there are several ways you can do so: It's important to keep in mind that HMRC has strict deadlines for tax returns and payments, so it's advisable to deal with them as soon as possible if you have any queries or issues. If you're
What is a Confirmation Statement?
The confirmation statement includes details such as the company's registered office address, the names and addresses of its directors and secretary (if applicable), its shareholders, and the nature of its business activities. It also includes information about any changes that have occurred since
The Power of Why
In this blog post, we will summarise Sinek's ideas on the importance of "why" and how it can be applied to businesses and organisations. According to Sinek, most organizations focus on what they do or how they do it, rather than why they do it. He argues that this approach is flawed because it
The Five Parts of Any Business
The idea that "business is a repeatable process" means that successful businesses have a system or framework in place that can be replicated over time. This process involves identifying a problem or opportunity, developing a solution, creating value for customers, and generating revenue. By using
What are Dividends
A company must have sufficient distributable profits to pay a dividend. Distributable profits are the company's accumulated profits that are available for distribution to shareholders, after accounting for any losses, taxes, and other liabilities. The directors of the company must decide whether
Claiming VAT on Mileage
If you are an employee or a director and use your own car for business travel, your company can reimburse you in the following way (tax-free payments); 45 Pence per mile for the first 10,000 miles, every tax year. 25 Pence per mile for any miles in excess of 10,000. The above cover the cost of
Covid-19 – Bounce Back Loans
Small businesses (limited companies, sole traders and partnerships) are eligible for the government-backed bounce back loans of between £2,000 and £50,000 to help them through the Covid-19 outbreak. Small business owners can apply to accredited lenders by filling out a simple online form which has
A guide to Budget 2020
This is a basic guide, prepared by ACCA’s Technical Advisory team, for members and their colleagues or clients. It’s an introduction only and should not be used as a definitive guide, since individual circumstances may vary. Specific advice should be obtained, where necessary. The message from the