Sole Trader or Limited Company?
Accountancy tips – Clive Lewis, Head of Enterprise, ICAEW Choosing which company format is appropriate for your business is a key decision. But it has ramifications in many areas, not least taxation, legal and administrative. So, what does each format encompass? Sole trader – is where individual trades alone. It gives the individual complete […]
Preparing for business with ICAEW and X-Forces
Part 1: The Business Plan By Clive Lewis, ICAEW, in conjunction with X-Forces A new series of articles – courtesy of X-Forces, in conjunction with the Institute of Chartered Accountants in England and Wales (ICAEW) – aims to support potential entrepreneurs by answering some of the FAQs it receives from those either thinking of embarking […]
ICAEW and X-Forces Business Advice Series – Taxation of Limited Companies
One of the first decisions a start-up business must make is what business format to trade under. There are three basic formats sole trader, limited company or partnership, although there are some other alternatives. The decision which format to choose has been made more complicated by a change in the way dividends from limited companies […]
ICAEW and X-Forces Business Advice Series: How do I monitor the progress of my business?
Identify the Profit or Loss Many businesses do not have adequate systems for identifying the profitability of different products and services, or even by the business as a whole, yet this information is absolutely essential if the business is to grow. It is also important to know the costs of different areas of administration, to […]
