Starting a business tips and advice | Start Up Donut
UK taxpayers urged to get on the HMRC app. Start Up Donut provides practical information to help your business succeed. Launched in 2009, the Donut websites have grown to be the UK’s largest resource for small businesses. Learn more about key start-up topics such as business ideas, business planning, and sales and marketing.
Starting an online business overview - Start Up Donut
Starting an online business. Consumer habits have changed dramatically. The share of online retail sales in the UK has risen from just 12% on 2011 to 26.5% in 2022. Many businesses have long used their websites to generate additional revenue, yet in recent years there has also been significant growth in businesses that start up exclusively ...
Set up a business overview - Start Up Donut
Setting up a limited company - company formation is known as 'incorporation' - removes personal financial liability (providing you trade legally and don't give personal assurances for bank loans). But you must pay for the privilege of incorporation, while setting up a limited company requires more effort and running it creates additional ...
Set up a business - Start Up Donut
Forming your business correctly is essential to ensure you are protected and you comply with the rules when you start up. Learn how to set up a business. Registering as a sole trader means you are self-employed. It is quick, easy and cheap to set …
How to start a business - Start Up Donut
Set up a business. How to start a business. Develop and test your business idea and decide what form your business should take. Understand the different business forms and register your sole trader business, partnership or limited company. Protect your wellbeing from the pressures of starting and running a business and develop key business skills.
Business planning - Start Up Donut
Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets. Start up costs can quickly escalate unless you keep them under control. Learn which costs you may incur and how to …
Start up costs | Start Up Donut
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How to set up as a sole trader | Start Up Donut
For example, if you became a sole trader between April 2023 to April 2024, you should register before 5 October 2024. You can: register as a sole trader online. call HMRC on 0300 200 3310. complete and return form CWF1 if you cannot complete an online application.
Write a business plan - Start Up Donut
Quality business plans made easy. Create a professional business plan and financial forecast in minutes – no expertise needed! Try for free or use code Donut to save 10%. START MY PLAN.
How to register a business - Start Up Donut
How to register your business as a sole trader. To get started as a sole trader, you need to tell HMRC that you are self-employed so that you can pay tax through self assessment. All you need is your National Insurance number. As a sole trader, you’ll need to keep records of your expenses and income and complete a tax return every year.