Ryan Patrick

As a limited company in the UK, you may be well versed in maximising your take-home pay by effectively combining dividends and salary. However, from 6th April 2024, the annual dividend allowance was halved from £1,000 to £500. This came as disappointing news to limited company owners, no matter

Opening a shop can be worrying, especially after the heavy blow that hit retail sales during the pandemic. The brick-and-mortar industry hasn't returned to its pre-pandemic levels. However, this doesn't mean you should dread opening a shop and starting a UK retail business. Fortunately, with a

Most entrepreneurs in the UK opt to create sole proprietorship also known as sole trader business structures because of the simplicity of setup and management. The sole proprietorship is the most common business structure in the UK, comprising 3.1 million sole traderships, which is 56% of the total companies

The business name is crucial, as it can make or break your business. Although several factors can contribute to your business's success, its name is one crucial component. The name of your business is one of the first things potential customers notice about your company. It typically connects

As a limited company director in the UK, the best way to pay you is by taking a low director's salary and adding regular dividend payments. This is because allowances and tax thresholds change at the start of every tax year. That's why checking your earnings

Company authentication code is a six-character alphanumeric code Companies House issues when your company is formed. This has the function of an electronic signature. You must present it each time you want to submit the electronic filing of documents or update your company's particulars online. Whether you are

Selling goods in bulk is known as wholesale. Wholesalers are business owners who purchase goods from manufacturers in bulk and then resell them to retailers at low prices. One major challenge wholesalers face is calculating prices and profit margins to ensure they stay in business. Pricing products too high can

A holding company (Holdco) is a business structure that doesn’t manufacture or sell products or services. Holdcos don’t conduct business operations; they hold the controlling stock or interests in other companies or subsidiaries. While a holding company owns the assets of other companies, it only maintains oversight capacities.

When starting a new business, many factors exist, including writing a business plan. A business plan is a roadmap that outlines your financial goals and how you plan to achieve them in three to five years. You may have a good idea with a business plan that may never take

Remote work has changed the outlook of working professionals worldwide regarding how they approach their working lives. Given the steady technological developments and better communication possibilities, remote work is a viable option for individuals desiring versatility, individualism, and work-life balance. Many still look beyond their homes and see the benefit

What is inventory management? Inventory management is about buying, storing, and using the inventory. Manufacturing professionals and supply chains need to manage inventory to effectively ensure the constant availability of goods. However, proper inventory management can help businesses avoid running out of stock, overstocking, and a spike in operational expenses.

Business-to-business (B2B) trade is whereby a company buys or sells services to another. In B2B trade, the term Minimum Order Quantity (MOQ) comes up a lot. It means you must purchase a minimum number of particular products. Some manufacturers and wholesalers will demand to know the Minimum Order Quantity (MOQ)

Today, people are more visual-driven than ever, thanks to technology and the internet, which make it possible. Unlike when video editing was only done by professionals, today, anyone with a mobile device (Android, iOS) can create a compelling video in a few clicks. The best video editing apps 2024 (Android

Etsy was founded in 2005 to help people who make handcrafted goods like clothing, art, home decor, jewellery, and other must-have knick-knacks. As of 2023, the platform had over 9 million sellers and over 96 million active buyers. From these statistics, becoming a seller on Etsy is viable, but you

Freelancers are self-employed individuals who work on a contract for different companies instead of the traditional way of working for a single employer. As companies seek to hire more freelancers, it’s an opportunity for people to know how to start and grow a freelancing business to success. Freelance workers

A UK business visa is a type of visa that is typically for people who want to carry out activities related to business. The current UK immigration rules have several types of business visas available for individuals. One important thing to note is that there have been significant changes to

The United Kingdom has been ranked as one of the top countries where entrepreneurs go in order to start or operate a business successfully. This ranking is due to the many positive benefits these entrepreneurs and investors gain from the country through businesses. The country has a good environment for

With rising innovations and a rapidly growing economy, the UK has been one of the places foreigners from all over the world will get their business started. The question people are asking is why. There are lots of European countries that are well-developed and are advanced in both technologies and

According to statistics, most small businesses up to 50% are operated right from the bone without any designated office or location. That is an advantage since location can be a big factor to consider when launching a business. In the UK, starting up a business in the right location may

As an entrepreneur who is looking for a city in the UK to start up a business, we have listed the 15 best cities to start up a business in the UK. These cities have a promising environment for new companies and also a relatively balanced cost of living. Below

In recent times, many people have turned to the tech industry to focus on and this was greatly influenced by the rapidly growing technological sector and also the occurrence of the COVID-19 pandemic, which enhanced technological innovations. In this article, Incorpuk presents 15 tech startup ideas for individuals, even those

The business environment changes continuously due to increased threats that lead to interruptions in everyday business operations. Every organisation can ensure business continuity by optimising its main business functions to avoid the harsh impact of a disaster that can bring down crucial systems. Thus, planning and developing tactics to address

The UK hasn’t only been identified as one of the best nations to start a business, not only as a resident, but also as a foreigner. With so many start-ups in the UK, Incorpuk in this blog analysed the 15 fastest-growing ones to watch for 2025. This is a

The United Kingdom has been considered one of the top countries in the world where start-ups thrive and succeed. Not only is the economy suitable for businesses, but the availability of many infrastructural facilities and access to modern technological devices has made the nation one of the best places to

As an individual or business owner, obtaining a patent for your inventive ideas is key to retaining their ownership. This doesn’t only help you prevent others from selling or using your ideas, but it could also help ensure that you maintain control and benefit profitably from the idea. In