Resource Centre

Starting a Business

Autumn Budget 2017

On Wednesday 22nd November, Philip Hammond presented his budget statement. We have prepared a summary to outline the issues that are most likely to be of interest to you. 

Starting up in Business

It is the ambition of many people to run their own business. Some may have been made redundant and find themselves with free time and financial resources. Others make the decision to start up in business to be more independent and obtain the full financial reward for their efforts.

Small Company Accounting

The extent of the change will vary on a company by company basis. It will depend upon the nature of the company’s activities and the types of assets which it has.

Incorporation

The issue of whether to run your business as a company or a sole trader or partnership is an important decision. In this factsheet, we summarise the relevant tax changes which apply and show the potential tax savings currently available from operating as a company.

Franchising

Franchising is becoming increasingly popular in Britain with an annual turnover of around £15.1 billion in 2015, up 10% on the figure from the previous survey two years ago. The business community now takes
franchising very seriously and it is accepted across a range of sectors. The advantages of owning your own business are obvious but so too are the risks.

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