Small business tips and news

This week, we launched a bumper batch of improvements and new releases on GoSolo for you to make the most of your GoSolo Business Account and GoSolo Global Account. Our developers have been responding to requests from our community, building connections with business management platforms and improving the user experience for GoSolo customers.

We’re delighted to announce that GoSolo has been accepted onto the Mayor’s International Business Programme — great news for account holders both now and in the future. 

GoSolo has linked with a number of key business platforms to offer its customers some great savings to help start their solo business journey the right way.

As part of our ongoing commitment to helping global entrepreneurs get set up in the UK, we have teamed up with International Founders to provide a bridge linking opportunity for early-stage international start-ups.

We have received some amazing support with a number of press outlets picking up our news.

Do you run many businesses and find it inconvenient to manage each account separately? If you’re a founder of more than one company, this development is for you! It is now possible to manage multiple accounts in one GoSolo login.

“What can I claim as a business expense?” You probably found yourself asking as you prepared tax filing or selected which receipts to toss in the rubbish. Let’s uncover limited company expenses in the UK. Get an unambiguous answer on items to subtract and not subtract from the earnings.

Setting up a business is not an easy feat for any aspiring entrepreneur. You need to figure out many things, including what to sell, who to target, business expenses, sales forecasts, etc. They are crucial details to cover whether you’re preparing a plan to present to investors or developing a plan for personal use.

There are many examples of companies using trading names while doing business. PricewaterhouseCoopers International Limited, based in the UK, operates under the trading name PWC. It adopted the trading name in 2010 and reworked its logo to resemble its brand name. Papa John's International, the fourth-largest pizza chain in the US, does business as Papa Johns.

“I'm going to start saving and investing,” you vowed to yourself many moons ago. But it’s still the same old, same old. When the pandemic rolled around, it caught many people unawares. Eager not to repeat the same mistakes, many people have been looking to adopt better financial habits and plans. The future still remains bleak, but the 50/30/20 rule may be the ray of light you need. So, what is it, and how does it work? Let's find out.

No one enjoys long wait times associated with certain bank transfers. They affect the speed and ease of doing business, with delays contributing to cash flow problems. Now, figuring out how long it takes for a bank transfer to go through is a step in the right direction, as it can help with selecting the fastest payment systems.

Bank statements provide a record of financial transactions made to and from your bank account over a certain period, say one month, six months, or one year. You no doubt know the importance of keeping your bank statements. Now, the question that may be plaguing your mind is, “How long should I keep my bank statements?”