Help & guidance for professionals
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What is professional indemnity insurance?
Professional indemnity insurance is a commercial policy designed to protect you and your business against claims for financial loss or damage that are made by a client or other third party individuals. These claims could come as a result of perceived negligent services or negligent advice your business has provided.
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How businesses and charities can support employee wellbeing in uncertain times
In this article, we look at the various ways employers can support the wellbeing of their staff during uncertain economic periods, from enhancing employee benefits to promoting physical exercise.
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One in four small businesses hesitant about their financial future, our study reveals
Times are tough for many freelancers and small businesses in the UK. Still recovering from the financial consequences of the pandemic, they now have a cost-of-living crisis to contend with.
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How to budget for a better business
The success of a business is determined by the quality of the decision making. Whether you’re starting a new business, or you’re an experienced business owner, it’s important to make good decisions from the outset.
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A concise guide to the classification of business assets
There are many types of assets in a business or organisation. Understanding asset classification is a key part of understanding financial statements.
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A concise guide to reading and understanding financial statements for small business owners
Whether you are new to the world of business and finances or you are a seasoned pro with many years’ experience, you can expect to encounter some confusion over your business’ finances if you are not adequately advised and educated about key financial statements.
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Factors that can affect the profit margin of your business, and how you can increase your profitability
In this article, we look at what the profit margin is and the different types of profit margin as well as providing some actionable tips on how to increase your profitability.
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What you need to know about dividends and dividend tax rates
For many self-employed professionals who work through their own Limited company, paying themselves via basic salary plus dividends can be a more tax efficient option.
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How to determine the pricing of your products and services
Pricing of goods and services is part of the business balancing act. You need to ensure you are comfortably covering your costs so you can make a profit, whilst also remaining competitive in your marketplace.
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Important tax dates for small businesses to remember
As a self-employed professional who owns a small business, one thing that you need to prioritise is your Self Assessment tax return, which is due by 31 January each year.
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What expenses can I claim as a self-employed business owner?
As a small business owner, it’s imperative that you know how to track and record your business expenses and which expenses can be submitted as a genuine business expense and which cannot.