Starting out in business: you're on the right track!
A recent RSA think-tank has found that the number of self-employed people in the UK has reached a record high and is still rising. By 2020 they predict that more than 1/5 of the UK’s population could be self-employed. So why are so many people leaving the '9 to 5' and what support is available to them?
Here at Lovewell Blake we offer support and advice to businesses of all shapes and sizes. Part of this includes a number of free publications to help those running their own business.
The New Business Kit is an invaluable resource if you are looking to go it alone. It provides advice on all aspects of setting up in business, from writing business plans to product pricing.
Being in Business outlines all the services available to help you run your business. Some services you would expect from accountants such as tax and forecasting and others you might not like business coaching and strategic planning.
We’ve also recently launched 57 Ways to Grow Your Business a detailed publication that does what it says on the tin. It’s filled with actionable tips to help your business grow.
For more information on the support we can offer your business please get in touch.
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At Lovewell Blake we work with a whole range of local businesses across multiple industries, from farmers and food producers to PR and creative agencies. We understand the importance of supporting our local businesses and have recently become members of Buy Local Norfolk, a not-for-profit organisation that identifies businesses specifically local to Norfolk.
In recent years there has been a growing awareness in the industry, that consumers were viewing their food with greater scrutiny. This has led to a greater emphasis on local, ethically sourced and better labelled products and produce. This to some degree has been driven by calls for greater transparency and provenance, but in the last year, incidences of food fraud seem to be intensifying.
Invest in plant- the annual investment allowance has been increased to £500,000 until December 2015, meaning greater tax advantages for substantial purchases of qualifying machinery. Invest in people- Announced in 2013 but effective now, an Employer Allowance give a £2000 against the Employer NIC cost and from 2015/16 no Employer NIC for the under 21’s