Invoice Fraud – Don’t Pay!
Invoice fraud or scams are when someone poses as your supplier or customer and sends you an invoice or bill requesting a payment. This type of cyber crime is also known as mandate fraud. A Common Scenario You get an…
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Unlocking the Value: Understanding Company Assets
As a business owner, you’ve undoubtedly heard the term “company assets” thrown around in discussions about your business operations, responsibilities, and financial health. But what exactly does it mean? In this post, we’ll delve into the concept of company assets,…
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Minimum Pay and Parental Leave
This blog gives you the basics on minimum pay and parental leave changes with links to where you can find more from HMRC. Don’t get caught out with changes to National Living and Minimum Wage rates! National Living and Minimum…
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Sick Pay & Sick Benefits for Self-Employed
One of the major benefits of being self-employed is the independence it brings. You are your own boss, and you have total freedom over how, when, and where you work. But with all this freedom comes a lot of responsibility….
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Average Cost of a Data Breach for Business
According to Statista, in 2023 the average cost of a data breach for UK businesses was £1,100. These were largely the result of fraudulent emails or other messages, known as phishing attacks, which are responsible for some 80% of all…
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Tax Returns & Self-Assessment Deadlines 2024
You have until midnight on 31 January 2024 to submit your self-assessment tax return online. This would be your return for the tax year starting on 6 April 2022 and ending on 5 April 2023. In this post we’ll discuss…
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Why Do I Need Professional Indemnity Insurance?
Professional indemnity insurance can be a vital line of defence for all business owners. Whether you’re an independent contractor, a freelancer, a sole-trader, or the managing director of a small business, you should consider getting professional indemnity insurance cover. It…
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Dividend vs. Salary – A Guide for Company Directors
If you’re a company director, you have a number of options for drawing income from your company as a directors salary. Mainly, it’s a choice between whether you pay yourself a salary, or you take dividends as your income –…
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Do Graphic Designers Need Professional Indemnity Insurance?
If you’re a freelance self-employed graphic designer, then the right insurance can cover you for all the risks you might face in your work. Professional indemnity insurance is particularly important for graphic designers. In this post we’ll explain what professional…
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What Is Public Liability Insurance?
A Brief Overview Of Public Liability Insurance. What is public liability insurance? Simply put, it is a type of insurance available to businesses. It protects you when clients visit you at your premises and when you’re working at someone else’s….
