Small business tips and news, page 2

Opening a bank account in the UK can seem daunting, but it really shouldn't be. Especially when you are looking to open a bank account for your start-up business. So, let's find out how to open a business bank account in the UK — the smart way.

We’ll be taking a look at the cost of starting a business by going over key expenses. You’ll get all the best money-saving tips for each business cost. Our guide also covers the cost of registering a new business and how to save on registration costs with GoSolo.

Running a business, regardless of size, is no easy feat. On any given day, you may be sending invoices, bookkeeping, calling customers, or preparing products for shipment.

Today —we’re helping you find the best accounting systems for small businesses, along with other tools for productivity, collaboration, HR, payroll, shipping, and other tasks.

Navigating all the different taxes that a small business needs to pay can be a complicated affair, especially if it is your first time owning and managing a company. To help you with it, we’ve collated a (relatively) short guide to the taxes you are expected to pay as a limited company with a single owner/director. 

Can you confidently account for all the costs involved in reselling or producing items in your inventory? If you don’t know how to work out the cost of sales, it could impact how you make business decisions. That’s because you’ll fail to determine your profits and expenses accurately. It consequently becomes harder to lift your bottom line. The goal of today's article is to help you define the cost of sales. You will see how to calculate it and what it means in the context of business decisions.

An accountant has always been an essential part of any business, even before the inception of the internet. These individuals were professionals who handled every financial activity of small and large businesses.

If you've ever purchased a product and noticed a VAT charge on the receipt, you may be tempted to ask, "what is VAT?". 

In this post, we'll discuss VAT and analyze the pros and downsides of being on the VAT exempt list, as well as how partially exempt firms might register for VAT.

We have now added a new feature to our App, which allows you to share access with up to 2 other people to view your business bank accounts.

GoSolo Invoices allow you to issue an invoice directly from your banking App in 3 clicks, track history of an invoice, set up automatic payment reminders
….aaannnddd now you can get paid faster with our new PAY NOW feature.

Once you’ve got your limited company officially registered, the next thing you’ll need to do is register for Corporation Tax. We've created this simple guide to help you navigate all the steps and documents required to complete this step.