Tag: tax
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Tax advantages for those starting up in business
New businesses can benefit from a variety of tax allowances and reliefs which could cut their tax bill. They include capital allowances for investment in equipment and premises, tax relief and credits for spending on research and development and stamp duty relief on residential properties in disadvantaged areas. But you won’t automatically receive these tax advantages. You need to find out what you…
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Starting a business: the basics
If you are considering starting up a new business, you need to consider a number of factors to ensure the best chance of success. As well as your product or service, you will need to think about what you will call your business, what sort of structure it will have and how you are going…
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Starting a part-time business
Starting a business, although highly exciting, is a big step to take. Sometimes before you take the plunge into full-time business ownership, it might be better and easier to think about doing it on a part-time basis, as a way of ensuring the business idea will work. If you are employed part-time, or have young…
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Understanding fixed-term contracts
Fixed-term employment lasts for a specified length of time. Alternatively, such contracts can end with the completion of a specified task or when a particular event takes place. For example, fixed-term employees can be brought in to cover for permanent staff on long-term sickness or maternity leave or to cope with increased seasonal demand. The…