If you run a small business in the UK, your company is almost certainly classified as a close company. Broadly speaking, the UK tax authorities define a close company as a private limited company controlled by five or fewer shareholders, or by any number of shareholders who are also directors. Historically, being a close company […]
For many years, forming a limited company was seen as the obvious step for growing businesses. Lower corporation tax rates, dividend flexibility and credibility with customers often made incorporation an easy decision. But in 2026, some business owners are starting to question whether being a limited company still makes sense. With ongoing tax changes, Making […]
If you have complicated business interests, or are planning to set up or own multiple companies, you may need to consider establishing a holding company. This structure typically owns other companies, or subsidiaries, and may also own assets such as property, intellectual property or investments. Why use a holding company? There are a number of […]
With a larger range of electric vehicles now available, more businesses are considering whether to change to electric company cars or vans. So with some major tax advantages still available, is it worth switching to electric? For directors using a company car, electric vehicles (EVs) are often the most tax-efficient option. They also have some […]
With a New Year upon us, it’s a good time to take stock and consider what key trends might help shape small business success in 2026. As interest rates and inflation stabilise, but economic growth looks more uncertain, it’s likely that operational efficiencies will be the key to success this year. So as a business […]
From 1 February 2026, Companies House will be changing its fees in the first major update since the Economic Crime and Corporate Transparency (ECCT) Act came into force. While the increases are being introduced to support transparency and enforcement, the increased fees will mean a rise in running costs for many small business owners. What […]
Holding shares in a company can amount to a sizeable asset, especially when you’re planning what will happen to your estate after you die. Depending on the way the business is structured will impact on how your assets are handled so it’s sensible to consider what you might need to do for inheritance purposes. Generally […]
Statutory Maternity Pay (SMP) is the minimum amount which can be paid to those taking maternity leave. All employees who are eligible can take up to 52 weeks maternity leave, split into 26 weeks Ordinary Maternity Leave and 26 weeks Additional Maternity Leave. SMP is payable for up to 39 weeks of that leave and […]
A business loan can be a useful tool for SMEs, offering access to capital which can help with growth, stability and resilience. Loans can facilitate investment in new locations, staff or equipment, as well as helping smooth cash flow and build business credit. When managed well, interest on a business loan can be more affordable […]
In a bid to help boost the economy the Government has revealed details of its Small Business Plan. The consultation, which aims to back SMEs and support growth, has been designed to help deliver £320 billion into the UK economy by 2030. So what’s been announced, and how will the plans support SMEs? Employer National […]
If you’re running an SME much of your time will be taken up with decisions about how to run a successful and profitable business. But what about your exit strategy? What do you want to happen to your business when you choose to leave, retire or exit for other reasons? A good business exit strategy […]
Offering competitive employee benefits is crucial for SMEs, especially to attract and retain talent. But this can be tricky when budgets are tighter than in large companies. The most effective benefits strike a balance between affordability for the business and strong perceived value for employees. So which are best to consider, and do any offer […]