With a new year upon us, you may be considering a new start by setting up your own business.
What you need to consider when starting up a business


With a new year upon us, you may be considering a new start by setting up your own business.

The cost-of-living crisis can be a challenging time for businesses, with many additional costs being added to business expenses.

The 2021 to 2022 tax year saw a considerable amount of people aged 65 and over filing a tax return.

Taxpayers have been warned that they could face a penalty after HM Revenue and Customs (HMRC) said 5.7 million were still to file their Self-Assessment returns.

As the cost-of-living crisis continues, your business might be looking for ways to cope with soaring energy bills and interest rates.

More than 22,000 taxpayers went online over Christmas Eve, Christmas Day and Boxing Day to complete their Self-Assessment tax return.

In order to grow and succeed, you need to effectively manage your finances and monitor the health of your business.

As a business owner, the financial health of your company plays a key part in every decision you make.

For most small businesses, Christmas is the busiest time of the year, which has a large impact on yearly revenue.

With the busy Christmas period approaching, businesses operating in the hospitality and tourism sector will be dealing with increased demand.