What Is Wage Push Inflation?

Wage push inflation is an idea that economists and governments often use as a reason that it could be difficult to increase minimum wage in a country. But what does it actually mean? Put simply, the term refers to a situation where a rapid…
Investment, Entrepreneurs

How To Find Investment

For new businesses, finding investment can be the most nerve-wracking part of getting set up. With thousands of start-ups springing up every year, investors receive dozens of pitches every day, and it will take something special to convince…
Exit Strategy, Business Owner

Exit Strategy - Why Do You Need One?

An exit strategy is the preparation made by a business owner to leave their company on a permanent or semi-permanent basis. Departure from a business is normally followed by succession (passing the business onto a family member), a disposal…
Business, Entrepreneur

What Is An Entrepreneur?

Broadly speaking, you can define an entrepreneur as someone who sets up and runs businesses in potentially lucrative unexploited or under exploited niches. The money needed to launch the business will be drawn from their own finances or finance…
Employing, Staff, Contracts

The Advantages And Disadvantages Of Employing Staff

If you’re a business in the UK, hiring staff can be a big decision. Before taking on employees – whether on a full-time, part-time or self-employed basis – it’s important you have a good reason for adding to your workforce and understand…
Business, Valuation, Selling

How To Sell Your Business

There are many reasons that you, as a business owner, might decide to sell your business. The business might be failing, or you could be tired of running it. You might have a new opportunity you want to pursue or have other life changes that…
Staff, Mental Health, Workplace

Ways To Improve Your Staff’s Mental Health

As an employer, mental ill health within your workforce can lead to lower productivity levels, increased absences and potentially staff conflict. As a result, raising awareness of mental health at work should be one of your priorities as a UK business.
Self Employed,Taxi Driver

Why Should Self-Employed Taxi Drivers Use Our Service?

You are considered a self-employed taxi driver if you work for yourself and set your own hours. Even if you use someone else’s vehicle for your job and use the services of a dispatcher, in the eyes of HRMC you are considered an independent contractor. Because of this, you will need to deduct expenses on your self assessment return, to lower your tax bill.
CIS Contractor, VAT

Changes to VAT for CIS contractors

If you’re in the construction trade and are unsure about how these new VAT rules could affect your business, read our handy guide below which outlines what the new domestic reverse charge is and how it will be implemented.
Marginal Gains, Profit, Business

Marginal Gains, What Are They And Why Do They Make Massive Gains On Your Profits?

Brailsford’s idea of marginal gains comes from the notion that if you break down the various factors that go into riding a bicycle, and improve each part by 1%, the rider and their team will benefit significantly when all these parts are put together.