GoSolo Blog - Page 6

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?”

Watch out for fake PayPal messages. Scammers may trick you into giving away sensitive information. They use phishing or direct requests. Stay safe by learning about PayPal scams and how to report them.

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.