How to protect your business 

As well as obvious things, such as: the physical, financial and data security, you should ensure that you have good IT and internet security; plus the necessary (including Cyber) insurance. It also makes sense to have a solid Business Continuity Plan.  The structure...

When should I hire an accountant for my new business?

Speaking to an accountant when setting up your business is key to going forward  You should speak to an accountant when setting up your business to make sure you choose the best structure.  In any event you should at least meet one as soon as you’ve decided on your...

Should I set up as a Sole Trader for my new business?

Not necessarily, a Limited Company can result in you paying less tax. AND while a Company owner might lose their business – a Sole Trader (self-employed) can lose personal assets as well! If profits are below about £12,000, acting as a Sole Trader makes very...

My client owes me a large debt, should I hire a Debt Collector? 

Don’t use a debt collector in the first instance.  Your client could be experiencing difficulties, so hiring a debt collector could mean you will lose them forever.   Discuss the debt with your client, be civil and polite. It is SO important to keep the relationship...