To set up as a sole trader, generally you’ll need to register for tax self assessment with HMRC. You’ll need to provide¹: Your own personal and contact information Your National Insurance number Your business name To register a partnership, you’ll also need to get in touch with HMRC...
If you’re an entrepreneur getting ready to incorporate a company in the UK, you’re in the right place. Starting a business can be difficult and confusing so,...
Four wheels, a driving licence, and a taxi or private hire licence are all you need to set up a taxi business. After that, you can start picking up passengers and be in the driver’s seat of your mobile enterprise. By starting your own taxi business, you’ll have the freedom to work...
A solo window cleaner might choose to register as a sole trader for convenience, but if you are planning to start a larger window-cleaning business that will need to seek funding for expansion, starting a limited company could be a better option. Find out more in NerdWallet’s guide to pic...
Use customs systems such as the Customs Handling of Import and Export Freight (CHIEF) system and the Import Control System Northern Ireland (ICS NI) Apply for a customs decision. How do I get an EORI number? If your business is based in the UK, you’ll need to complete the correct pape...
Forex brokers make their money in different ways. Some charge commissions per-trade, although this is rare. Most of them make money on spreads, also known as “pips.” Pipis an acronym for “percentage in point.” In dollar currencies, a pip is equal to 1/100 of a cent ($0.0001) wh...
The process of starting a business in the UK is the same for foreigners and UK nationals alike. While it is very possible to start a successful business as a foreigner in the UK, have in mind that there are necessary criteria you have to meet. These criteria and steps may include; ...
This empowers you to carve out a niche and a unique selling proposition (USP) that sets you apart. Help plan for growth. A detailed business plan helps you set short- and long-term goals, as well as track your progress and switch up your strategy as needed. Support risk management....
Here’s our comprehensive guide to opening a European business bank account. What do I need to set up an account? The type of bank account you’ll need will depend on whether your business is classified as a sole trader, a partnership, a not-for-profit company, or a limited liability ...
In sports gambling, the "line" refers to the odds or point spread set by bookmakers to even the playing field between two teams or participants. It serves as a way to balance the betting action on both sides of a game or match.