Mortgage References for People in Business

Applying for a new mortgage or re-mortgage can be a stressful and time-consuming task for anyone. At least for people in full time employment there is a good chance that their income will have been consistent over the last few years. Unfortunately, people running...

Bookkeeping advice when setting up a business

When setting up a business it is important to make sure that your bookkeeping system is suitable for your type of business – and also for your skills.  It should enable you to extract useful information (e.g. how much money have I got in the bank; who owes me money?)...

Take care when issuing shares for your new Company!

Issuing large numbers of shares creates a debt to the Company, and can remove the benefits of limited liability. When a Company goes into liquidation, shareholders can lose the value of their shares because they might have to pay the share capital personally to...

What is a Shareholders’ Agreement and when is one needed

A Shareholders’ Agreement is a private agreement – generally drawn up by a lawyer – between some or all of the shareholders of a Company. It documents information about the relationship between the shareholders; what will happen in certain eventualities (e.g....

When/why/how to set up a PAYE scheme in your limited company

The vast majority of businesses, once they reach a certain size, operate as a limited company and at some point usually consider whether to set up a company payroll (by registering with HMRC for a PAYE scheme). There are two reasons why a company would set up a...

Starting a business checklist – 20 things to consider

When starting a business there are a lot of things to think about and a checklist can be useful. The checklist below is not exhaustive but it does include tasks that are sometimes overlooked by people starting out in business.  It is always worth talking to an...