Accountant

Self Assessments don’t need to be complicated. In fact, with a little forward planning,you can make the Self Assessment season a stroll through the park.

Entrepreneurship is in my blood. I have started and run everything from selling honey online to a highly successful accountancy firm in London. If there’s one thing I know about, it’s how to run a successful business in the UK, and how to keep it going. Here are my top 8 tips.

When it comes to going self-employed, one of the first big decisions you’ll need to make is whether you should set up as a sole trader or a limited company. Both structures have their pros and cons, of course, and you may even find that you’ll operate within either over the course of your business. 

There’s a lot to think about when you’re self-employed: managing your workload, balancing the books, looking for new work. Understanding which business expenses you claim as a sole trader or a limited company, though, needn’t be on that list.

“Hope for the best, but prepare for the worst.” It’s a saying we’ve all heard at one time or another, and depending on your disposition, it either sounds terribly pessimistic or fairly even-handed. 

So you’ve started a new business. Great! Now it’s time to learn about what taxes you must pay and when you must file your returns or you could face penalties, surcharges and interest payments. Please note that this information applies to Limited Companies, not to sole traders.

According to sources, Napoleon once said “L’Angleterre est une nation de boutiquiers” – “England is a nation of shopkeepers”.  Whilst the number of shops on the average UK high street has certainly diminished greatly, we may well still be a nation of entrepreneurs.

Formed a company but not sure what to do next? No problem adventurers. We’ve designed this infographic to help you navigate through the early stages of running and growing your very own business. You’ll find tips-a-plenty and some guidance on dodging potential hazards. It’s a jungle out there… but we’re here to help.

We are delighted to announce that Michael Edoimioya, a MadeSimple company formation expert, is to head up a new Wholesale Account Management division.