Kraken Business

Tag: charities

  • Set up a social enterprise

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    A social enterprise is a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners. Within this definition, social enterprises can take on a variety of legal forms, including: A social…

  • Who is liable for Corporation Tax

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    Limited companies and some organisations are liable for Corporation Tax. If your company or organisation is liable for Corporation Tax, you have to do more than just pay the correct amount of Corporation Tax each year. What you need to do depends on whether your company or organisation is ‘active’ – for example, carrying on…

  • Thinking about starting a social enterprise?

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    Social enterprises are businesses with a social purpose. They have social aims, trade in competitive markets and use their profits for community benefits. Social enterprises work across a wide range of industrial sectors, including growth sectors such as recycling, renewable energy and social care. The sector is diverse and includes some co-operatives, credit unions, housing…

  • What is the Construction Industry Scheme?

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    The Construction Industry Scheme (CIS) sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry. The scheme applies mainly to contractors and subcontractors in mainstream construction work, however, businesses or organisations whose core activity isn’t construction but have a high annual spend on construction…