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Spring Budget 2017: The key takeaways for tech entrepreneurs

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Top tech stats: Job automation, driverless cars and much more

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Startup Weekly: Nesta’s £5m prize fund, Digital Catapult and Seedcamp’s VR cohort and much more

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Starling Bank unveils beta as it begins roll out to first customers
VentureFounders surpasses £40m funding mark in 2 years of operation
Software testing leader TestPlant appoints Dr. John Bates as CEO

Accountancy

Uber employment

Doctor, doctor, I’ve read about Uber’s employment case and I use contractors for my tech business, should I be worried?
posted on March 7, 2017

Our Startup Surgery’s accountancy ‘doctor’ Michael O’Brien from Kreston Reeves explains when a contractor is no longer classed as self-employed.

Home working

Doctor, doctor, what expenses can I claim against tax if I’m working from home?
posted on June 21, 2016

If you’re self employed and working from home, you can deduct an element of your home running costs against the profit reported in your business accounts. There are two potential methods for calculating your home running costs: 1. Simplified expenses – flat rate method HM Revenue & Customs will allow you to use the flat…

ai accountant

Becoming tomorrow’s accountant: The AI revolution
posted on June 14, 2016

Jennifer Warawa, executive vice president of product marketing at Sage, discusses how new technologies such as artificial intelligence have the potential to change the way in which startups approach their accountancy. Speed is everything when you’re a startup. Being fast moving and flexible is often what makes the thought of starting your own business so…

kreston reeves asking questions

Doctor, Doctor, how will Osborne’s dividend tax allowance affect small-business owners like me?
posted on May 12, 2016

The way dividends are taxed has changed dramatically from 6 April 2016 when the Government’s new rules on the taxation of dividends came into play. This impacts anyone who receives dividends from shares or unit trusts, when held outside of an ISA or Pension arrangement. However, the largest impact is on owner-managers of limited companies,…

people asking questions

Doctor, doctor, I’m a director of a small limited company, can I take dividends rather than paying myself a PAYE salary?
posted on March 9, 2016

Legally you can take dividends if the company has available distributable reserves, which may well be the case if a salary isn’t being taken. Despite the new dividend rules applying from 6th April 2016, extracting value from the company by way of a dividend remains the most tax efficient method. A summary of the change…

Startup

Doctor, Doctor, I’m starting a business from scratch, is it prudent to go straight to being a limited liability company?
posted on February 17, 2016

Unfortunately there is no “one size fits all” answer to this question and it does vary from situation to situation. If you set up a business you have three main options in the UK as to how to structure it: 1) As a sole trader (or partnership if there is more than one founder/owner) 2)…

800px-HMRC_Self_Assessment_tax_return

What are the tax implications of becoming a limited company?
posted on August 12, 2015

The tax implications and potential advantages of incorporation vary depending on a number factors such as the size of business, the length of time that the business has been in operation (for a loss making sole trade business), its profitability and its expected rate of growth etc. For example, a business with small profits, incorporation…

Money

Micro-businesses missing out on £11.4bn a year in unbilled hours
posted on July 7, 2015

So called micro-businesses, firms with ten or less employees, could be missing out on  £11.4bn a year in unbilled hours, cloud accounting company FreeAgent has warned. Research from FreeAgent estimates that small businesses could be missing out on £218m a week  leaving them facing the prospect of being both underpaid and undervalued. FreeAgent’s research found that almost two in three (63%)…

shutterstock_72273553

Make sure your Christmas party isn’t taxable on your employees
posted on December 5, 2014

Generally business can spend up to £150 a head on an annual staff function per annum without there being any taxable benefit. The exemption applies to an annual party (for example, a Christmas party), or similar annual function (for example, a summer barbecue), provided for employees and: available to employees generally or available to employees…

Michael O'Brien

How do I create a business development culture in my firm?
posted on August 28, 2014

The short answer is to make it worthwhile for employees to get involved.  People want career development as part of the payback, not just money. Business development gets confused with sales. It is not the same. Development is usually about creating long-term relationships. This involves making contacts, taking meetings and maintaining a high profile, often…

Michael O'Brien

How can I give my employees share options?
posted on August 7, 2014

There are many types of share options available to use in order to motivate your employees and provide them with a stake in the business. The most tax efficient for both the company and employees are “approved” option schemes and for SME’s the Enterprise Management Investment (EMI) scheme is probably the most tax efficient approved…

savings

Do I need to give my employees a pension?
posted on June 12, 2014

The short answer is yes, but not necessarily immediately. New laws on workplace pensions require all employers to provide pension schemes for their employees.  These rules apply to all employers in the UK even if you have just one employee. As an employer you now have a duty to “auto enrol” your employees into a…

Editor's picks

Big Ben Spring Budget 2017

Spring Budget 2017: The key takeaways for tech entrepreneurs
posted 16 hours ago

jobs automation top tech stats

Top tech stats: Job automation, driverless cars and much more
posted on March 25, 2017

Startup Weekly

Startup Weekly: Nesta’s £5m prize fund, Digital Catapult and Seedcamp’s VR cohort and much more
posted on March 24, 2017

London skyline

FinTech startup Quantexa lands $3.3m Series A led by Albion Ventures and HSBC
posted on March 24, 2017

The North of England

The top tech hubs in the North of England
posted on March 24, 2017

TWIT Emily 23.03.17

A $30.4m Series B, a £120m AI fund, a Mario Kart hack and more in The Week in Tech
posted on March 24, 2017