Blog

Below is a brief overview of the main business structures.  Sole trader - A business run by one person - Owner entitled to all profits - Responsible for all tax/debt - Not a separate legal entity from business and owner  Partnership - Partners are jointly liable for d...

If you are appointed as a director of any company, you should understand your responsibilities and the need to comply with both company law and the accepted code of behaviour of company directors. These requirements are basically the same whether the company is a family business or a mult...

Regular comparison against industry benchmarks can help you see how your business is doing.    What is benchmarking? Business benchmarking lets you compare your business with other businesses in the same industry.  There are many ways to compare one business to another, but benc...

Did you know the mileage rate we’ve been referring to for years is now the kilometre rate? If you’re a sole trader or in a partnership (and use your own vehicle for business), you can claim your running costs as an income tax deduction. Traditionally, if you own a company you’re liable f...