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Many students use their time at university to experiment and start a business as a way to gain income and experience (visa dependent of course) . Learn more. Can a Student Start a Business Whilst at University? 10 min read Beginner's Guide Table of Contents Categories The number of student entrepreneurs is rising Advantages of starting a business at university Gaining practical experience and supporting learning Building a network Disadvantages of starting a business at university Balancing academic and business responsibilities Financial constraints Tips for starting a business while studying Reach out to your university Building a support network Legal considerations To conclude… Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office If among the essays, lectures and partying you’ve got some free time on your hands, you might be wondering if starting a business while at university is possible. After all, starting your own business can be truly life changing, and a bit of extra income as a student can’t hurt. Can a student start a business in the UK? Well, an impressive 480,000 students currently run, or plan to run a business while they’re at uni , so it’s certainly possible. But there are multiple considerations to bear in mind before you dive straight in. If you're a student, you might also wonder which institutions offer the best support for future entrepreneurs. To explore UK universities known for cultivitating entrepreneurs and founders, check out our guide on the UK's most entrepreneurial universities . In this article, the experts at SUAZ will explain how company formation works as a student, the advantages and challenges of starting a business at university and how to make your business dream a reality. The number of student entrepreneurs is rising Starting a business while at university is nothing new, and can definitely take off. Take Mark Zuckerberg as a prime example, who founded and launched Facebook from his dorm room at Harvard University. If you’re a student considering entrepreneurship, you’re choosing a great time to do it. Student accommodation provider, Fresh, found that students are registering more businesses than ever before - with 4,093 businesses registered by students in 2022 compared to just 847 in 2021 according to Companies House data. According to a survey conducted by GoDaddy, the pandemic caused a surge in young people jumping into entrepreneurship, with 9% of 16 to 25-year-olds having started a business since February 2020 . When the job market plummeted during the pandemic, young entrepreneurs found opportunities to pursue their business ideas . There's no perfect age to start a business , so, what’s stopping you from following suit? Advantages of starting a business at university Wondering if it’s worth starting a business while at university? If you need some encouragement, here are just some advantages to consider. Gaining practical experience and supporting learning University is a great place to start your business. Stepping into those entrepreneur shoes can enhance your skills and employability once you’ve graduated. At university, you’re surrounded by educated professionals who you can bounce ideas off and gain valuable insights from. Not only that, but your university is likely to have state-of-the-art facilities you can make use of, such as libraries, specialist equipment and other resources. Being in a learning environment can encourage you to try new things and develop your skills. The knowledge you’ve gained from your studies can be applied to real-life situations, and running a business is sure to equip you with valuable leadership and decision-making skills which can help you with your university work. What’s more, university is a time where you can take risks, experiment and try new things - should you not succeed, you can use any failures to grow and develop your skills for later life. Building a network Starting a business at university provides you with a unique opportunity to build relationships and connections with suppliers and like-minded business owners. Your professors may have connections in your chosen industry that can open the door to potential suppliers, investors or customers. Your university may host networking events where you can make valuable connections, gain advice, and find mentorship and potential business opportunities. You can build a network that’s beneficial not just to your university experience but your business and future career. Disadvantages of starting a business at university Starting a business is a big deal, especially when you’re a student with other commitments to take care of. Before you dive into entrepreneurship, you must be prepared for the challenges you may face. Here are some potential disadvantages of starting a business while at university to keep in mind. Balancing academic and business responsibilities Starting a business takes a lot of time and commitment, which you may struggle with as a student. If you’re looking to start your own business while at university, it’s important not to let it get in the way of your studies and the overall student experience. Balancing your university work with business responsibilities may leave you feeling overwhelmed and could lead to burnout. The last thing you’d want is for your academic performance to take a hit. If you’re worried about balancing your academic and business responsibilities, it may be worth holding off on your business venture until you’ve finished university and have more time to commit to your entrepreneurial goals. Financial constraints Starting a business is a financial investment as much as it is an emotional one. Businesses can take time to become profitable, and it’s doubtful students will have time for a part-time job alongside a business for extra income. There are several costs to cover when starting a business , and it can take time for your new venture to become profitable. Sticking to a budget as a student can be challenging as it is - using your personal funds to grow your business may leave you with little money to fund your university expenses. Balancing the cost of your tuition, textbooks and general living expenses with your business costs may be tricky to manage. To overcome these financial constraints, be sure to create a detailed budget that outlines your personal and business expenses and how you’re going to afford them. Next, explore any funding options that could give your business the boost it needs. Perhaps there are grants you could apply for, or pitch competitions you could enter. Reach out to your network for support if you need it - there may be a potential investor in arm’s reach who would love to support you. Tips for starting a business while studying We’ve covered the advantages and disadvantages of starting a business as a student. If you have your heart set on chasing your business dream and have weighed up the pros and cons, there’s no reason why you can’t succeed. Here are some of our top tips for starting a business while at university. Reach out to your university As a university student, you have an array of valuable resources on your university campus that you could use to your advantage. Be sure to reach out to your university where you can to get your business out there. Perhaps you have a professor who’s a business expert whose brain you could pick, or a mentorship program you could sign up for. If your university allows it, you could even advertise your business on campus to get some local interest. Building a support network Having a support network is vital for any entrepreneur, but especially for a student. Having people around you that you can rely on, from mentors to fellow entrepreneurs, can give you reassurance should you need it. Your network can be a source of shared knowledge, collaborative opportunities and guidance. Entrepreneurship comes with its challenges at times, and having a support network around you, especially while balancing university work, can give you the motivation you need to push through tough times. SUAZ is also here to help, with our knowledge base packed full of useful information, including our complete guide to starting a business . Legal considerations The sooner you get your head around the legal considerations of starting a business while at university, the sooner you can officially call yourself a business owner! Here are just a couple of legal considerations to keep in mind: Choosing your legal structure: You’ll need to decide if you’ll register your business as a sole trader or limited company. We cover the differences in our guide to limited liability in business . Registering your business: In the UK, you need to register your new business with Companies House. You can do this yourself for £50, or let a company formation agent like SUAZ take care of the hard work for you. Even better? We won’t charge you a penny. We’ll cover the Companies House incorporation fee and be at hand to answer any questions you may have. To conclude… Starting a business while at university is sure to be a valuable learning experience, giving you access to networking opportunities and resources. Provided you balance your academic and business responsibilities, there’s no reason why you can’t build a thriving business as a student. Looking for a helping hand to guide you in the right direction? SUAZ can help you set up your business while supporting you every step of the way. Register your company for free today , or take a look at our company formation packages to get you started. https://www.suaz.co.uk/knowledge-base/entrepreneurial-universities Recommended Readings The UK’s most entrepreneurial universities Read More

Simplify your business finances with Zempler Bank. No monthly fees, fast sign-up, and access to your money anytime, anywhere. Apply online now and get started. < Back Zempler Bank formerly Cashplus Who are they? Zempler Bank, formerly Cashplus. Business banking made simpler. Apply for your business account in minutes and start taking payments. Zempler Bank are a fully regulated British Bank, with FSCS protection up to £85,000 on eligible deposits. Your account also comes with built-in fraud protection, all day, every day. Zempler Bank accounts make managing your money simpler. Every account comes with: Fast sign-up – apply in minutes online and start taking payments. In-app and Online Banking. Instant payment notifications. 24/7 fraud monitoring, plus instant card freeze. UK telephone support from real humans. Cash deposits at any of the UK’s 11,500 Post Offices. Tools that take the effort out of money admin like cashflow tracking and integrated accounting. Key Points No Monthly Fees UK Customer Service Get a decision within minutes All accounts are fully regulated and FSCS-protected Access your business finances 24/7 through their online and app access. Categorise spending on the go and create spending reports Instant notifications for payments and transfers Capture and add receipts within the app Connects to all leading accountancy packages (Xero, QuickBooks, Sage, etc.) The perfect Bank Account for Small Businesses Previous Available Services Business Go Current Account Business Extra Current Account Business Credit Card Spending Insights Invoice Generator Overdrafts Travel Currency Card Next

If you're planning to start a business in the UK, chances are you have tons of questions and concerns on your mind. Starting a Business: A Complete Guide 15 min read Beginner's Guide Table of Contents Categories Planning a business idea Researching your business idea and market Writing your business plan Financing your business Setting up a business bank account Do I need an accountant? Choosing your legal structure Registering your company Understanding your legal responsibilities Business Insurance Do I need business insurance? How much does business insurance cost? Choosing your business brand Designing a logo and brand identity Creating a Website Ensure your business can be contacted Strategising your growth Have a sales and marketing plan Need support? We can help Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office If you're planning to start a business in the UK , chances are you have tons of questions and concerns on your mind. You’re probably reading lots of blog posts and watching loads of videos to make sure you don’t miss anything. From creating a business plan , to finding investors and registering with HMRC, launching a business can feel overwhelming, but with some guidance and practical advice, it doesn't have to feel like hard work In this guide, we'll take you through the process of starting up a successful new venture from scratch – no matter what sector or niche you're looking to tap into. Planning a business idea The idea forms the foundation of your venture and sets the stage for its future success. But how do you generate that brilliant concept that will drive your business forward? You can solve a problem, identify a market gap, make something cheaper, or leverage your personal interests or hobbies into something new. For example, busy people crave healthy, tasty, home-cooked meals but struggle to find the time to make them. You could offer a subscription-based meal delivery service for them and solve their everyday problems. If you're looking for more inspiration and want to dive deeper into business ideas, we've put together a guide to motivate you on starting a busines s. Researching your business idea and market So, you've got an amazing business idea, and you may want to register right away and build your website and branding. But before you jump in, it's time to do some research. Trust us, it's a crucial step that is often overlooked, but doing so will provide you with certainty and confidence. Here’s how to do it: Understand your target audience: To make your business shine, you need to know who you're serving. Dive into the minds of your potential customers. Learn their needs, desires, and pain points. This knowledge will guide you in creating products and services that truly resonate with them. Remember, happy customers are the fuel that keeps your business running. Spot market opportunities: The market is like a treasure trove waiting to be discovered. Research unveils hidden gems and untapped niches. Keep an eye out for gaps in the market where you can swoop in and shine. Find those opportunities where others might have missed the mark. It's your chance to bring something fresh and exciting to the table. Check market viability: Will your business idea fly or flop? Research helps you find out. Peek into the market and gauge the demand for your offerings. Look at trends, conduct surveys, and gather feedback. This way, you can ensure that there's a hungry crowd waiting for what you're about to serve. Keep an eye on competitors: Hey, it's good to know who you're up against. Look at what your competitors are doing, how they're pricing their products, and what customers are saying about them. Learn from their successes and mistakes. This knowledge empowers you to stand out in the crowd and offer something truly unique. Find your market hotspots: Location, location, location. Research helps you find the sweet spots where your target market is hanging out. Understand the geographical nuances, cultural preferences, and local regulations that might affect your business. This way, you can tailor your approach and ensure you're hitting the bullseye with your marketing efforts. Remember, research is an ongoing adventure. Keep your finger on the pulse of your industry, especially your customers. Stay curious and adapt as needed. Writing your business plan Having a well-crafted business plan is like having a business blueprint by your side. It's not just a document to satisfy potential investors or lenders; it's a tool that guides your every move and sets you up for success. We’ve got a complete guide on how to write a business plan here, but here is a quick summary: Executive summary: This is a short summary of your business, including what it does and what makes it special. It's like a snapshot of your business that grabs people's attention. About your business: Here, you'll provide more details about your company, its structure, and what it offers. Think of it as introducing your business to someone new. Market analysis: This section is all about understanding your market and competition. You'll explore who your customers are, what they want, and how your business can stand out. Organisational structure: Here, you'll explain how your business is organised and who's in charge. It's like introducing the team behind your business. Products or services: Describe what you're selling and why people should buy it. Share the features and benefits that make your offerings unique. Marketing and sales strategies: Explain how you plan to promote and sell your products or services. It's like sharing your game plan for getting customers interested. Financial projections: This part is all about the numbers. You'll forecast your sales, expenses, and profits. It helps you see if your business can make money. Funding request: If you need money to start or grow your business, you'll explain how much you need and what you'll use it for. It's like asking for support to make your dreams a reality. Appendix: This is where you include any extra documents that support your business plan, like resumes, research data, or legal agreements. Keep in mind that although you might need to present a business plan for investors or lenders, it doesn't need to be long or complicated. It’s for yourself and it can even be in the form of bullet points. Don’t worry about simplifying your business plan. In fact, a shorter, more focused business plan can be much more effective. Regularly review and update it as your business evolves and market conditions change. Financing your business Whether we like it or not, money will always be a factor. However, you won't need to worry because of these options for raising money for your business: Bootstrapping: Use your own savings or resources to fund your business. It lets you stay in control and keep costs low, like starting a garden from seeds you already have. Friends and family: Turn to your loved ones who believe in your business idea. They can provide the initial capital and support, like a friendly hand to give you a boost. Business loans: Seek loans to start a business from banks or financial institutions. Present them with a solid business plan and show them your repayment ability. Crowdfunding: Engage with a community of backers through online platforms. They can contribute funds in exchange for rewards or a stake in your business, like a group of friends chipping in to help you achieve your goals. Angel investors: Attract investors who believe in your vision and are willing to invest their own money. They can provide not only capital but also guidance and connections, like having a wise mentor by your side. Venture capital: Tap into the world of venture capital firms that invest in high-growth startups. They can provide substantial funding and industry expertise to fuel your growth, like having a rocket booster for your business. Government grants: Explore grants to start a business , subsidies, or tax incentives offered by governments to support entrepreneurs. These programs can provide financial assistance and encouragement, like getting a special grant to kick-start your business. Speak to us: Here at Startup A-Z (SUAZ), we understand the challenges faced by startups when it comes to financing their dreams. That's why we offer our startup finance service , designed to help entrepreneurs navigate the complex world of financing a business. Consider important financial aspects such as break-even analysis and running costs when deciding on your financial decisions. In that way, you will have a rough idea how much capital you will need for your dream business. Setting up a business bank account To trade as a business, you’ll need to set up a business bank account. Plus, it adds a professional touch to your brand and enhances credibility when dealing with clients, suppliers, and investors. Let's explore some popular banking providers known for their features and benefits: Barclays : Barclays offers comprehensive business banking services, including online banking, mobile apps, and access to business loans and credit cards. They are a trusted choice for entrepreneurs seeking a wide range of banking solutions. Zempler : Zempler Bank is a popular alternative banking provider offering business accounts with features like online banking, prepaid cards, and expense management tools. They provide accessible banking solutions for businesses of all sizes. NatWest : NatWest provides business banking solutions with a wide range of features, including online banking, international payments, and business planning tools. They have a wealth of banking expertise and tailored services to meet your business needs. Mettle : Mettle, backed by NatWest, offers a digital bank account designed specifically for small businesses. Their real-time bookkeeping, invoicing, and expense tracking features simplify financial management, helping you stay on top of your business finances. Monzo : While primarily a personal banking provider, Monzo offers business accounts with intuitive budgeting tools, real-time notifications, and integrations with popular accounting software. They focus on user-centric features, making financial management straightforward. Remember to consider the fees, customer support, and additional services offered by each provider before deciding. Choose the one that aligns with your business's financial needs and long-term goals. Do I need an accountant? It depends on your circumstances. For most UK startups, hiring an accountant right away may not be necessary. In the early stages, when your business is still small and simple, you can handle basic financial tasks yourself or with the help of accounting software. This allows you to keep costs down and maintain control over your finances. However, as your startup grows and becomes more complex, it's advisable to consider bringing in an accountant. They can provide expert advice, ensure compliance with tax laws, and help you navigate the financial intricacies of scaling your business. An accountant can also help you make informed financial decisions and assist with strategic planning. Ultimately, it is highly recommended but the decision of when to hire an accountant depends on your specific circumstances. Assess the complexity of your finances, your knowledge of accounting, and your comfort level in managing financial tasks. Consulting with an accountant can provide valuable insights and guidance tailored to your startup's needs. Remember, even if you don't hire an accountant right away, it's crucial to research, keep accurate records, stay organised, and familiarise yourself with basic financial management principles. As your startup progresses, you can reassess your needs and determine the optimal time to bring in professional accounting assistance. Choosing your legal structure Choosing the right legal structure for your business is like finding the perfect fit for a pair of shoes. You want something that suits your needs and provides the right level of comfort and protection. Let's look at some common options and how they could work for you: Sole Trader: Being a sole trader is a popular choice for one-person businesses like freelance artists and photographers. It's straightforward – you have complete control over your business, and everything you earn is yours to keep. Just remember, as a sole trader, you're personally responsible for any debts or legal issues that may come up. So, it's important to stay on top of your finances and be aware of potential risks. Private Limited Company (LTD): If you're thinking of starting a limited company, you're stepping up your game! With a LTD, your business becomes its own separate legal entity. That means your personal assets are generally protected if your business faces any financial or legal troubles or what we call limited liability . But keep in mind, running an LTD involves more paperwork and formalities. You'll have to deal with things like annual financial statements and filing requirements. Taking care of these responsibilities ensures your company stays compliant and ready for success. Partnership: Partnerships are formed when two or more individuals come together to run a business. Partnerships allow for shared responsibilities, decision-making, and the combination of different skills. But here's the catch – partners have unlimited liability. That means you're personally responsible for the partnership's debts and legal obligations. The key is to establish clear partnership agreements and maintain open communication to tackle challenges together. Limited Liability Partnership (LLP): LLPs are a great choice for professional service firms like law or accounting practices. They give you the best of both worlds – the flexibility of a partnership and the limited liability protection of a company. While LLPs shield partners from personal liability for the actions of other partners, you still need to be responsible for your own mistakes. So, it's important to maintain professionalism and follow best practices to manage any potential risks. Public Limited Company (PLC): PLCs are large companies that are allowed to sell shares to the public. They are for the big players and aren’t realistic for most startups. Going down the PLC route can give you access to public fundraising and opportunities for expansion. However, be ready for more legal requirements, regulatory oversight, and higher compliance costs compared to other structures. For non-profit organisations: Unincorporated association: Unincorporated associations are like informal groups of individuals with a common goal. They're easy to set up and operate, but here's the thing – members have unlimited personal liability, and there's no legal separation between the association and its members. To navigate this, it's important to have clear governance structures and communication channels to ensure accountability and manage any potential risks effectively. Charitable trust: If you're all about doing good and managing charitable assets, a charitable trust might be the way to go. Trustees have legal responsibilities, and funds must be used solely for charitable purposes. So, working closely with trustees and following best practices is key to making a positive impact and maintaining transparency. Charitable Incorporated Organisation (CIO): CIOs are like the superheroes of the nonprofit world. They provide limited liability protection for their members while focusing on charitable activities. It's like having the best of both worlds – a company structure with a strong focus on doing good. Just remember to stick to governance requirements and manage your resources wisely to navigate the charitable landscape successfully. Company limited by guarantee: Companies limited by guarantee are commonly used by non-profit organisations, including charities. Members guarantee a specific amount in case the company winds up, providing a level of protection. By ensuring everyone understands their commitments and adopting solid financial practices, you can confidently carry out your mission. Charitable company: Charitable companies are formed for charitable purposes and come with compliance obligations and reporting requirements. By dedicating resources to meet these requirements and fostering transparency, you can effectively carry out your noble objectives. Community Interest Company (CIC): CICs are all about making a positive impact on the community. They aim to benefit society and reinvest their profits for community purposes. With a CIC, you're combining social objectives with the entrepreneurial spirit. It's like doing well by doing good! Just remember to keep your community-focused vision alive and make a difference. Remember, it's important to seek professional advice and carefully consider your specific circumstances before deciding on a legal structure. Each has its own pros and cons, and it's crucial to consider your specific situation and seek professional advice to make an informed decision. Registering your company Selecting a legal structure: First things first, let's figure out the best legal structure for your business. Whether you're leaning towards being a sole trader, forming a partnership, or setting up a limited company, each option comes with its own set of benefits and things to consider. At SUAZ, we specialise in helping entrepreneurs like you register limited companies . It's a simple process that we're well-versed in. For other legal structures, we recommend checking out the relevant government websites for specific guidance. Choosing a company name: Now comes the fun part - choosing a name that captures the essence of your business. A great name can make a lasting impression. We'll gladly assist you in checking if your desired name is available and guide you through the registration process. Handling the paperwork: We know paperwork can feel daunting, but don't worry, we're here to help. Our team will provide guidance on the necessary documents, such as articles of incorporation or partnership agreements, ensuring everything is in order and saving you from any last-minute headaches. Registering with Companies House: Companies House is the go-to place for officially registering your company in the UK. We'll help you prepare and submit the required documents, making sure everything is in tip-top shape. Consider it one less thing on your plate. Additional registrations: Depending on the business nature, there may be additional registrations to take care of, like VAT or PAYE for payroll purposes. We'll inform you about any additional registrations that apply to your specific situation and guide you through the process, step by step. For detailed guidance on how to register a limited company, we've put together a handy step-by-step guide on how to register a company . For other legal structures, we suggest checking out the relevant government websites, as they provide comprehensive guidance tailored to each structure. Here at SUAZ, our expertise lies in helping entrepreneurs like you with the registration of limited companies, and the best part? Our services are completely free. While we may not have all the answers for forming other types of companies, we're here to provide the support and guidance you need throughout the limited company formation process. Understanding your legal responsibilities When you run a limited company, it's important to know your financial and legal responsibilities to keep things running smoothly and stay on the right side of the law. Here's what you need to keep in mind: Record Your Financial Transactions: It's a legal requirement to keep track of your business's money matters. That means jotting down your income, expenses, and other financial transactions. By keeping your records up to date, you'll be ready to file your accounts and hand them over to your accountant without any last-minute stress. Prepare & File Annual Accounts: As a limited company, you'll need to submit your annual accounts. These accounts show how your business performed financially during the year, including all the ins and outs of your transactions. They're also used to calculate your corporation tax. If you're organised and your records are in good shape, preparing these accounts can be a breeze with the help of your accountant. File a Confirmation Statement: Once a year, you'll need to send a confirmation statement to Companies House. This statement is like a little check-up to ensure all the information they have about your business is accurate. If anything needs updating, make sure to let them know. Register for Self-Assessment: If you're a sole trader, company director, or part of a limited liability partnership, you'll need to register for self-assessment. It's a way for the tax authorities to assess the tax you personally need to pay based on your business's income. Don't worry, it's not as scary as it sounds! Just make sure you understand the ins and outs of PAYE and dividends if you're a company director. Register for VAT (Value Added Tax): If your business is going to hit the annual VAT threshold (£85,000) you'll need to register for VAT. This means adding a little extra tax on top of your goods or services and filing VAT returns. On the bright side, once you're VAT registered, you can claim back VAT on business purchases. Register for Corporation Tax: If your limited company is up and running, you'll need to register for corporation tax within three months of starting or trading . This tax is based on your business's profits, as reflected in your annual accounts. It's a flat rate tax, and the amount you pay depends on your profits. Understand Business Rates: Business rates are taxes imposed on commercial properties by the government through local authorities. If you own or rent a shop, office, or warehouse, you'll likely need to register for and pay business rates. But if you're running your business from a small part of your home, you can breathe a sigh of relief as you might not have to worry about business rates. Keep Companies House and HMRC in the Loop: If something important changes in your business, like your registered address, it's crucial to let Companies House and HMRC know as soon as possible. Remember, while this gives you a solid overview of your financial and legal responsibilities, it's always wise to seek professional advice or check out Company House’s website for the nitty-gritty details. Staying in the know and fulfilling your obligations will keep you on the right track and away from any unnecessary fines or penalties. Business Insurance Business insurance is like a safety net for your business, offering protection and peace of mind. It's there to shield you from potential risks and liabilities that could arise during your operations. Whether it's covering damages to your property, compensating for legal claims, or safeguarding against accidents, having the right insurance is crucial. Do I need business insurance? Yes, but the type depends on what you do. In the UK, common types of business insurance include public liability insurance, professional indemnity insurance, employer's liability insurance, and property insurance. Each type serves specific purposes and helps businesses navigate potential challenges. Public liability insurance: Covers you against claims made by third parties for injury or damage caused by your business. Employer's liability insurance: Required by law if you have employees, it provides coverage for workplace-related injuries or illnesses. Professional indemnity insurance: Protects you from claims of professional negligence or errors in your services. Property insurance: Safeguards your physical assets, such as buildings, equipment, and inventory, against damage or loss. It's important to assess your business's unique risks and consult with an insurance professional to determine the most suitable coverage for your specific needs. How much does business insurance cost? Business insurance is a must-have for your business. It helps protect you from unexpected risks and provides financial support when you need it most. The cost of business insurance can vary depending on factors like the size of your business, the type of coverage you need, and the industry you operate in. For small businesses in the UK , the cost typically falls in the range of £100 to £1,000 per year, but this can vary. When considering insurance for a limited company, keep in mind the added liability protection it offers. To get an accurate cost estimate, it's best to reach out to insurance providers who specialise in small business coverage and request personalised quotes. They can give you a better idea of the specific costs based on your unique needs and circumstances. Choosing your business brand Having a professional brand is crucial for your business. It creates a strong and memorable identity that builds trust and credibility with your target audience. A well-established brand sets you apart from competitors and effectively communicates your values and unique selling points. Your brand includes your company name, logo, tagline, visual elements, and messaging. Consistency in branding across all touchpoints is key for a cohesive and recognisable brand identity. Designing a logo and brand identity You can either hire professional design services, hire a freelancer, buy stock logos , or create a logo yourself. A professionally designed logo represents your brand effectively and becomes the face of your brand. It is highly recommended to hire a professional for this but if you have design skills, you can use vector-based tools to create your own logo. Don't forget the brand strategy and brand identity which includes the colour schemes and assets as they are what make up your visual brand. Creating a Website Most businesses today have a website to establish credibility with their customers. An online presence can help your business to reach a wider audience. Define your website's purpose, target audience, and desired functionalities. Choose a relevant domain name and a reliable web hosting provider. Design your website with a user-friendly interface and compelling content. You can use website builders or content management systems if you're comfortable or hire a web developer/designer for a more professional touch. Optimise your website for search engines and ensure it's mobile-friendly. Ensure your business can be contacted Set up a dedicated business phone and email address to establish professionalism and facilitate customer communication. Use social media platforms that align with your business to further connect with customers. Being accessible through multiple channels enhances your brand's visibility and engagement. Remember to choose phone numbers, email addresses, and social media handles that reflect your business name and brand. Strategising your growth Now it's time to plan your sales and marketing efforts to fuel your growth. The approach you take will depend on the nature of your business and target audience. Have a sales and marketing plan Running a business is an ongoing adventure, and your work has just begun. It's crucial to have a solid sales and marketing plan in place to ensure your success. This plan will help you attract customers and fulfill their needs through effective sales techniques and promotional strategies. Your sales plan should focus on understanding your target market, meeting customer demands, and finding creative ways to generate sales. Meanwhile, your marketing plan should outline how you'll spread the word about your products or services, whether it's through digital advertising, social media engagement, content creation, partnerships, or good old-fashioned networking. Keep in mind that creating and implementing a sales and marketing plan is a continuous process. Stay alert to market trends, listen to customer feedback, and keep an eye on your competition. By adapting and optimising your strategies along the way, you'll drive ongoing growth for your business. Need support? We can help Now, here's the secret ingredient: balance thinking with action. While brainstorming and dreaming up your business idea is exciting, it's crucial to put your plans into motion. Take those calculated risks, validate your ideas through market research, and adapt along the way. Here at SUAZ, we understand that starting a new business can be overwhelming. That's why we're here to support you every step of the way. Whether you need assistance with registering your company, developing a sales and marketing plan, or accessing valuable resources, we've got you covered. Our team specialises in limited company formations, making the process simple and hassle-free. Register a limited company with us for free and you'll benefit from our expertise and guidance to ensure you meet all the legal requirements and set a solid foundation for your business. But that's not all. We also partnered with an online small business platform where you can access a wealth of tools, resources, and support to help you navigate the challenges of running a business. From business planning and accounting software to legal documents and expert advice, the Business Support Club (BSC) platform is designed to empower you on your entrepreneurial journey. Recommended Readings Can You Start a UK Business While on Benefits? Read More The Power of a Name - Expert Tips for Naming Your Business Read More How Long Does It Take to Set Up a Limited Company? Read More

Read advice and expert knowledge on the most valuable business mistakes you can make. Supported with data on why start-ups fail. The Most Valuable Business Mistakes 10 min read Beginner's Guide Table of Contents Categories The top reasons startups fail Running out of cash/failing to raise new capital Declining market need Got outcompeted Industry experts share their business mistakes and how to overcome them Ronald Osborne, Business Coach Joshua Pearson, Managing Director, Preaco Marketing Claire Bartlett - Director, Arden Bookkeeping Ltd Izabela Wisniewska - Founder, Creatos Media Ready to start your business journey? Sources Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office You’ve probably come across the idea that we learn from our mistakes, but a fear of failure can often stop us from trying in the first place. With 84% of small business owners seeing mistakes as an opportunity for growth, those hurdles can help you and your business grow. Making mistakes when starting a business shouldn’t get you down, or put you off chasing your dream altogether. In fact, a bump in the road could be a learning curve, or serve as an opportunity to improve your business for better chances of success. We’ve explored the most valuable mistakes when starting a business, gathering top tips from business owners, as they share their mistakes in business and the steps they took to overcome them. With this knowledge, you should feel empowered to embrace the uncertainties that come with starting a business. The top reasons startups fail Wondering how many startups fail? According to research by NerdWallet [1] , 20% of small businesses fail in their first year, with 60% failing within the first three years. Instead of worrying your new venture might not make it, why not use that figure to encourage your success? There are multiple reasons why businesses struggle, and many causes can be preventable. Some mistakes to avoid when starting a business include: Running out of cash/failing to raise new capital We’re not going to downplay it - starting a business is likely to cost you. The average budget for a new UK startup is £5,000 , and that budget should cover not only the launch of your business but the strategy for it to survive long-term. 38% of startups [1] fail due to running out of money or failing to raise new funds, which is why having a strong business plan is so vital. Your business plan works as your guidebook for how you’ll run your company, detailing your plans for the future, your objectives and your financial situation. A business plan also encourages you to evaluate your business costs by looking at your expenses and how you’re going to fund your new adventure. The more planning you put in, the better prepared you’ll be for any obstacles that may come your way. Declining market need 35% of startups [1] fail because of a lack of market demand. When starting your business, it can be all too easy to focus on your new product or service rather than the market you plan to operate in. After all, the product or service you’re launching is your passion, right? Just remember to get to know your market, your competitors and the needs of your target audience. Does your product or service solve a problem? Is there demand for your business right now? Equally, even if you have identified a market need, make sure your pricing and features appeal to your target market. If your product or service ticks the boxes of your customer base, you don’t want to put them off with a mismatch in pricing for example. Try and go above and beyond by offering something your competitors haven’t thought of to improve your chances of success. Got outcompeted After spending time and money getting your business off the ground, the last thing you want is a competitor stealing the spotlight. With 20% of startups failing due [1] to being outcompeted, it’s worth prioritising what makes your business competitive. What is your strongest asset? What makes your business stand out from the competition? If you’re competing in a saturated market, you may want to adopt a niche or new approach to your business. For example, if you’re a dog walking business , you may choose to specialise in a particular breed of dog to appear as a specialist in that area. Take a look at the top 10 reasons startups fail below: Industry experts share their business mistakes and how to overcome them We asked the following computer programming and consultancy experts all about their business mistakes and the lessons they’ve learnt during their entrepreneurial journeys. Ronald Osborne , Business Coach If you had to pick one, what was your most valuable business mistake to date? I hired a friend who never found any success to run the civil construction side of my multi-million turnover business. There were a lot of red flags early on that I overlooked based on our personal relationship, and it hurt my team and me greatly. Once all was said and done, he cost my business upwards of £100k, plus the loss of two great employees. My valuable takeaway was never to hire friends or family unless they met strict criteria and would be suitable for the role in the first place. I urge all business owners to take the time to find the right person for the job, even if it means passing over a close friend. It will protect your money and your personal relationships. Joshua Pearson, Managing Director, Preaco Marketing If you had to pick one, what was your most valuable business mistake to date? My most valuable mistake as a marketing agency has to be taking on bad clients. While clients are incredible, of course, some clients are just not compatible with the style or nature of work you are able to provide at a particular time. What impact did this have on your business - initially and after you’d learnt from it? Through trial and error, I am much more selective of who I work with and make sure that it’s only ever an organisation that I know I can help. This has led to a much more positive environment and a happier work-life, as well as happier clients. What would you recommend to new small business owners off the back of this learning? I would always suggest not saying yes to anything and everything just because it pays. In the long term, it really doesn't. Instead, put the effort into finding the right clients first. Are there any other valuable business mistakes that come close? And any other lessons to share with other new business owners? I learn more about business every single day, and a lot of that comes from small mistakes, but those mistakes become less and less of a problem as things grow and scale up. Claire Bartlett - Director, Arden Bookkeeping Ltd If you had to pick one, what was your most valuable business mistake to date? I own a bookkeeping practice which I have run for eight years now. My most valuable business mistake was believing I had to accept every potential client that came my way. In the beginning, it’s hard to not just chase money and agree to work with everyone. But I soon learnt to listen to my gut and if a client felt like they wouldn't be a good fit, they most likely wouldn't be! It is much harder to disengage with a client than say no at the beginning. Always make sure your clients share the same values and work ethic as you otherwise it can make your working day very difficult. What impact did this have on your business - initially and after you’d learnt from it? Accepting the wrong type of client added so much stress and negativity to myself and my team. I’d worry about when the client would call and feel frustrated about repeating myself. And these clients tend to linger, they fight against fee increases and just take the joy out of your work. Since learning the hard way I am much more conscientious about who I accept as clients and it has made the working day so much more enjoyable. We love speaking to all our clients now and have mutual respect which is needed in a business relationship like ours. What would you recommend to new small business owners off the back of this learning? I know it’s difficult to not be blinded by the fee you could earn and to just accept all new business that comes your way in the beginning. But you need to keep the faith that your ideal client will come your way, and filling your time up with the wrong clients takes away your resources to help the perfect client when they do come to you. Are there any other valuable business mistakes that come close? And any other lessons to share with other new business owners? Business is all about making mistakes but the important thing is to learn from them. When you are new to business everything is uncharted water and you’ll sometimes take the wrong turn. Another mistake I made early on was not listening to my gut when recruiting new staff. It is very important in every decision you make to listen to your own intuition. Have you ever made these mistakes again, perhaps in a slightly different way? Or did you make a similar decision but something else made that decision work in your favour? I did go against what I’d learnt regarding ideal clients when it came to friends. I have had friends ask me to help them with accounts and despite my intuition telling me to not mix my personal life with my work, I didn’t listen and again I learnt the hard way. I now keep these two areas of my life completely separate but have peers in the industry I can recommend to friends if needed. Izabela Wisniewska - Founder, Creatos Media If you had to pick one, what was your most valuable business mistake to date? It’s hard to choose really but I think not treating my business as one of my clients was the biggest one to date, and I really struggled to turn this around - both since starting Creatos Media and even before that when I was freelancing. I was freelancing alongside full-time jobs so it wasn't such a big issue at the time but if I opened my eyes sooner, Creatos Media could have had an easier start! I still struggle sometimes but I really try to treat my business as if it’s one of my clients now and spend a fair share of time on marketing, networking, collaborating and getting out there. Because the only way people will want to work with me is if they trust me, and they won't trust me without knowing me first. What impact did this have on your business - initially and after you’d learnt from it? Initially, I didn't know what the impact was. I was getting my clients from one place and that was a website for freelancers. I did have some reviews and I just went off of that alone. But now I know that if I can easily show that I am good at what I do, people are more likely to work with me. It is easier to sign up clients nowadays, and I get clients from various events as well. My company is growing but it could have easily been what it is now five years ago, if I only treated my business as if it was one of my clients from the beginning. What would you recommend to new small business owners off the back of this learning? Make sure you invest (not necessarily a lot of money from the start, but time!) in marketing for your own business. Make sure you start building your own brand, and showing you are a top voice in your industry from the very beginning. It is so easy to forget about this aspect as you have so much to do, but this is critical for any business to really grow. Are there any other valuable business mistakes that come close? And any other lessons to share with other new business owners? Many! But the one that I think comes close is never passing up an opportunity to learn more, to attend events and network. It will all benefit building your brand as well. Have you ever made these mistakes again, perhaps in a slightly different way? Or did you make a similar decision but something else made that decision work in your favour? I think I still sometimes make the mistakes I mentioned, but I am coming back to the right track. I understand it’s critical for my business so even if I’m very busy, I will soon come back from it. Ready to start your business journey? Ready to make your business dreams come to life? We’ve covered the most valuable business mistakes above, so you can feel prepared for whatever eventualities come your way. After all, making mistakes only better equips us for the future. Here are some key takeaways to keep in mind: Take your time to find the right client or person for a job. Make sure your clients share your values and you have mutual respect for each other. You’re allowed to say no! Some clients might not be compatible with your business and that’s okay. Invest (not just money, but time) into marketing your business and building your brand - it’s a vital step in growing your company and getting your name out there. Our company formation service takes care of the complicated stuff for you, with support there whenever you need it, helping you get on the road to starting a business. Form your company today with SUAZ. Sources [1] NerdWallet - How Many Businesses Fail in the First Year in the UK? https://www.nerdwallet.com/uk/business/start-up-failure-statistics/ Data used for copy and design. Recommended Readings Starting a Business from Home - What You Need to Know Read More How Difficult is it to Start a Business? 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Discover how the UK's most entrepreneurial universities, like Cambridge, Oxford, and the UAL, are fostering the next generation of startup founders. The UK’s most entrepreneurial universities 12 min read Beginner's Guide Table of Contents Categories What makes a university great for entrepreneurs? The UK’s best universities for aspiring founders 1. University of the Arts, London 2. London School of Economics and Politics (LSE) 3. Imperial College London 4. University of Oxford 5. University of Cambridge The most popular subjects studied by founders 1. Economics 2. Business administration 3. Management Key takeaways for aspiring founders Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office The UK’s entrepreneurial landscape is forever evolving - driving innovation, economic growth and job opportunities. With one in three UK adults now either running their own business or planning to start one within the next three years, there’s no denying that the UK has developed an entrepreneurial ecosystem. But knowledge and resources need to start somewhere, and many turn to university to develop their skills and open the door to new opportunities. Choosing the right university can unlock entrepreneurial opportunities by cultivating an environment of learning, collaboration and innovation. With over a quarter of students currently running or planning to run a business while at university , it looks like further education can significantly improve your chances of turning your business dream into a reality. Below, we’ll uncover the most entrepreneurial universities in the UK, looking at which institutions provide the right environment, mentorship and support for budding entrepreneurs to thrive. What makes a university great for entrepreneurs? For aspiring entrepreneurs, choosing the right university isn’t just about how it performs in academic league tables. Instead, you’ll be looking for an academic environment that also provides business opportunities and encourages innovation. Here are just some of the key factors that set apart entrepreneurial universities from other institutions. Access to funding: One of the biggest challenges entrepreneurs face is securing the resources needed to launch their business . Choosing a university that offers startup grants or accelerator programmes can supply you with the resources you need to get your business off the ground. Industry connections: The right university can offer invaluable networking opportunities. It’s likely your chosen institution will have strong connections to businesses, investors and industry leaders who can offer mentorship and internship opportunities. Alumni success stories: A university’s reputation is often reflected by the success of its graduates. It’s worth researching the direction graduates’ careers have taken as a strong alumni network can provide invaluable connections. Chances are, successful entrepreneurs may even offer to mentor or invest in the next generation of student-led businesses. Entrepreneurship courses and competitions: Many universities offer traditional business degrees, but the most entrepreneurial institutions offer more innovative opportunities. Look for universities that provide dedicated entrepreneurship modules and work experience options. Some institutions even run startup competitions, giving you the chance to pitch your business idea to investors, with funding as a reward. Student-led startup culture: Research different universities’ student initiatives to gauge their entrepreneurial spirit. For example, you may be looking for a university that supports student-led business societies, co-working spaces and peer-to-peer networking to help you develop your business ideas. The UK’s best universities for aspiring founders To determine the universities with the most business founders, we used the Complete University Guide’s University League table for 2025 and their alumni’s LinkedIn profiles to see how many graduates were listed as company founders. By combining these figures with each institution’s total number of alumni, we were able to rank each university by the percentage of alumni that went on to become business owners, to find the UK’s best universities for budding entrepreneurs. We’ll also uncover the most popular subjects studied by entrepreneurs to help you decide which subject area to pursue. By looking at university rankings and how many graduates became business founders, we’ve curated a list of the best universities that stand out in nurturing the next generation of entrepreneurs. University of the Arts, London Overall founder alumni - 11% With a strong emphasis on creativity, innovation and entrepreneurship in the arts, design, fashion and media industries, it’s no surprise that University of the Arts London leads the way in producing the highest number of business founders among its alumni. During their studies, students are likely to gain exposure to real-world projects, collaborate with major brands in their field and have the opportunity to showcase their work to build their business skills. The university also offers a Creative Enterprise Programme , where students learn and develop their entrepreneurial skills to help build and launch their own startups. London School of Economics and Politics (LSE) Overall founder alumni - 9.11% With 9.11% of LSE’s alumni becoming business founders, it’s a top choice university for budding entrepreneurs. LSE is known for its deep understanding of global markets, economic trends and financial management - all essential skills for startup founders. Offering courses in Entrepreneurial Finance and Business Strategy, students are given the skills and knowledge needed to launch and scale businesses. LSE Generate is the school’s entrepreneurial hub, supporting students and alumni to develop their entrepreneurial skills and build businesses. Generate’s Entrepreneurship Mentoring Programme also connects students with experienced startup founders, CEOs and business mentors. Imperial College London Overall founder alumni - 8.14% With 8.14% of its alumni becoming business founders, Imperial College London stands out as an excellent choice for those looking to develop their entrepreneurial skills and build successful ventures. The university specialises in STEM subjects (Science, Technology, Engineering and Mathematics), which require various key skills such as problem solving, adaptability and creativity, which can help you build a solid foundation for entrepreneurship. The Imperial Enterprise Lab opens the door to funding, mentorship and co-working spaces, to help you develop your startup. LSE also offers various startup competitions such as the WE Innovate Programme and Venture Catalyst Challenge to give you access to early-stage funding and business exposure. University of Oxford Overall founder alumni - 7.72% As one of the oldest and most prestigious universities in the world, it’s not surprising that the University of Oxford made it on our list of top universities for entrepreneurship. Oxford is known to attract top-tier students, faculty and investors, as well as offering partnerships with venture capital firms and government-backed innovation funds. The university’s entrepreneurial hub, EnSpire Oxford, is home to a range of events throughout the academic year, innovation programmes and online resources. The Oxford University Innovation (OUI) also helps students and researchers commercialise ideas and launch businesses. University of Cambridge Overall founder alumni = 7.65% One of the world’s leading universities, The University of Cambridge is another top choice for entrepreneurship due to its world-class research, stellar reputation, strong industry connections and thriving startup opportunities. The university provides endless entrepreneurial opportunities, such as its Accelerate Cambridge scheme - an 11-week programme that includes talks, workshops, weekly coaching, mentoring and pitching for budding business founders. With impressive funding opportunities, mentorship programmes and partnerships with leading startup investors, Cambridge offers a thriving entrepreneurial environment to help you achieve your business goals. The most popular subjects studied by founders While you aren’t required to study a particular subject to achieve entrepreneurial success, there are certain fields that can equip you with the knowledge and skills needed to take the business world by storm. Below, we’ll uncover the top subjects studied by business founders and how these academic fields equip aspiring entrepreneurs with the tools needed for business success. Economics According to our findings, Economics is the most popular degree for budding entrepreneurs, with over 26,000 business founders having graduated with an Economics degree. Considering the course’s subject matter, such as understanding markets, financial systems and consumer behaviour, it’s not surprising that those looking to start their own business would choose to study Economics. It equips entrepreneurs with analytic and problem-solving skills, helping them to identify growth opportunities, assess risks and manage resources - all key skills for business success. Business administration From financial management and strategic planning, to leadership, marketing and entrepreneurial thinking, Business Administration is a popular degree for business owners, with almost 14,000 entrepreneurs having studied it at university. This subject equips entrepreneurs with practical skills in strategic planning, leadership and decision-making, helping them to run and scale a successful business. Management The third most popular subject studied by entrepreneurs is Management, with over 7,000 business owners having Management degrees. Management is a top choice for those looking to start a business, allowing you to broaden your skillset in leadership, strategic planning and organisation efficiency. A degree in Management can help aspiring business owners develop the expertise needed to build and grow a successful enterprise. Key takeaways for aspiring founders It’s clear from our findings that the UK has a thriving university ecosystem that actively encourages and supports entrepreneurship. Universities with extensive research specialisms, funding opportunities and industry networks produce the most successful entrepreneurs. Additionally, strong alumni networks and partnerships with industry leaders further enhance the entrepreneurial experience, offering invaluable support once you’ve graduated. Ultimately, choosing a university that supports your entrepreneurial dreams can significantly improve your chances of building and sustaining a successful business . Ready to kickstart your business journey? Form your company with SUAZ today . Recommended Readings Can a Student Start a Business Whilst at University? Read More The UK small business report - the small business ecosystem and trends Read More What Age is Best to Start a Business? Read More

Going freelance? It’s important to know what tax you’re liable to pay, how much and when it’s due. Find out how to manage freelancer tax in our helpful guide. Paying tax as a freelancer: a guide 10 min read Beginner's Guide Table of Contents Categories What type of tax do freelancers pay? How much can you earn freelance before tax? How to pay tax as a freelancer Do freelancers charge VAT? Claiming tax relief as a freelancer Tax allowable expenses for limited companies What expenses can I claim as a sole trader? Balancing tax as a freelancer Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Becoming a freelancer opens the door to creative and financial freedom, but it can also bring new challenges, especially when it comes to your taxes. If you’re looking to start freelancing, you may wonder how tax will work and what you’re expected to pay. As a freelancer, you can operate as either a sole trader or limited company, and many freelancers prefer to register as a limited company due to the financial protection that comes with limited liability . Tax on freelancers may sound confusing, but it doesn’t need to be. We’ve put this guide together to break down exactly how to pay tax as a freelancer and how freelancer tax deductions work, so you can focus on growing your freelance business without the worry of tax standing in your way. What type of tax do freelancers pay? As a freelancer, the type of tax you’ll pay will depend on your business structure - whether you operate as a sole trader or a limited company. As a sole trader, it’s your responsibility to pay the right tax on time. How much tax you’ll pay will depend on your profits and how much you earn each year. You’ll pay tax on anything you earn over your tax-free Personal Allowance which is currently £12,570. As a sole trader, you’ll pay between 20-45% income tax and National Insurance Contributions (NICs), which for the 2024-25 tax year are the following: 6% on profits of £12,570 up to £50,270 2% on profits over £50,270 Depending on your earnings, operating as a limited company may be more tax-efficient than being a sole trader. This is because you’ll pay corporation tax, which is usually less than the income tax you’d otherwise pay. If your business earns over £250,000, you’ll pay the main rate of corporation tax at 25%. If your profits are less than £50,000, you'll pay 19% corporation tax - the small profits rate. You’ll also pay two types of National Insurance as director of your business. Your company will pay NIC if it's an employer, and you’ll also pay National Insurance on your salary. Take a look at our guide on self employed vs limited company for more details. How much can you earn freelance before tax? As a freelancer, how much tax you’ll pay will depend on your income and the tax band you’re in. You won’t pay tax on the first £12,570 of your income, known as your Personal Allowance. Your Personal Allowance decreases by £1 for every £2 you earn over £100,000, and if your income is over £125,140 you don’t receive a Personal Allowance. Your income will affect the percentage of Income Tax you’ll pay: Up to £12,570: You won’t pay tax on the first £12,570 of your income, known as your Personal Allowance. So, if you earn less than this as a freelancer you won’t pay Income Tax. £12,571-£50,270: You’ll pay 20% Income Tax. £50,271-£125,140: You’ll pay 40% Income Tax. Over £125,140: You’ll pay 45% Income Tax. How to pay tax as a freelancer So, when do freelancers pay tax in the UK? First, you’ll need to submit an annual self assessment tax return with HMRC. You must register with HMRC by the 5th October after the end of the tax year you became self-employed. You’ll need to submit your self assessment tax return and pay any tax you owe for the previous tax year (known as a balancing payment) by 31st January. Your second payment on account will be due on 31st July. Should you miss a deadline, you may face financial penalties, so it’s best to get it out of the way as soon as possible. In fact, 300,000 people filed their tax returns in the first week of the tax year. You can pay your tax bill online through the government’s website. If you operate as a limited company, you’ll need to pay corporation tax and the deadline will depend on your taxable profits. If your taxable profits are up to £1.5 million, you’ll need to pay your corporation tax to HMRC 9 months and 1 day after the end of your accounting period, which is usually your financial year but you may have two accounting periods in the year you set up your company. The government explains your limited company’s first accounts and tax return here . You can pay your corporation tax through your online banking, through direct debit or online through the government’s website. You can’t pay your corporation tax by post. Do freelancers charge VAT? Regardless of whether you’re a sole trader or limited company, you’ll need to register for VAT if your turnover is over £90,000 or you expect it to go over this amount in the next 30 days. Most goods and services are charged at the standard rate of 20%. You’ll then need to complete a VAT return to let HMRC know how much VAT you’ve charged and how much you’ve paid to other businesses. Claiming tax relief as a freelancer Paying tax on your hard-earned income can feel disheartening as a freelancer. You’ll be pleased to know that you can claim freelancer tax deductions, known as ‘allowable expenses’. These are business costs that HMRC allows you as a self-employed person, sole trader or freelancer to claim as tax expenses against your profits. Your expenses will only be approved if they’re ‘wholly and exclusively’ for business purposes, and HMRC can ask for proof of all allowable expenses that you claim. Some costs you may claim as allowable expenses include: The cost of buying stock and/or the materials you need to carry out repairs and maintenance work Rent or mortgage interest (not capital repayment) on commercial premises Computers, mobile devices, printers and other equipment that you buy and keep within your business, as long as you use ‘cash-basis accounting’ (meaning you record your income/costs in your financial records when you’re paid or make payments) Equipment repairs, office furniture, business stationery Tax allowable expenses for limited companies You may also be able to claim business expenses for your limited company, as long as the expenses you claim have been incurred wholly and exclusively during the running of your business. For example, if your employees use computer screens as a key part of their role, they can claim eye tests as well as health checks as limited company expenses. Other tax allowable expenses may include claiming the cost of accommodation while on a business trip, business insurance costs, and a portion of your household costs and utility bills if you work from home. What expenses can I claim as a sole trader? As a sole trader, you can use HMRC’s simplified expenses to calculate your business expenses, which use flat rates instead of working out your actual business costs. This can save you from needing to carry out any complex calculations. Alternatively, you can calculate your expenses by working out the actual costs. Costs you can claim as allowable expenses include things like office costs (such as stationery and equipment), travel costs, staff costs and financial costs like insurance. Usually, as a sole trader, you can claim expenses once a year when completing your self assessment tax return. You can use the government’s simplified expenses tool to see which method would work best for you. Balancing tax as a freelancer How you’ll navigate tax as a freelancer will largely depend on how you run your business - either as a sole trader or limited company. Your business structure also affects the tax relief you’re entitled to, which can also lower your tax bill. Knowing how to pay tax as a freelancer can feel daunting, and you may worry about submitting the wrong form or misunderstanding the tax relief you’re entitled to. Working with an accountant can alleviate any pressure or anxiety you may have, knowing you can rely on a professional to take care of things for you. Once you’ve formed your business with SUAZ you’ll gain exclusive access to BSC’s business marketplace. BSC can match you with the right accountant for your business needs, so you have your tax queries taken care of. Ready to kick start your freelance journey? Form your company with SUAZ today . Recommended Readings Frequently asked questions on freelancing Read More How to start freelancing with no experience in 2024 Read More A Guide to Writing Contracts as a Freelancer Read More

While the saying ‘it takes money to make money’ may sound like a cliché, there’s no denying that starting your own business can be expensive. A Guide to Startup Loans & Business Financing 3 min read Start-Up Finance Table of Contents Categories Financing your business Startup loans vs. Business loans Online lenders vs. traditional lenders Crowdfunding How do I get a loan? Get your business up and running in no time Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office While the saying ‘it takes money to make money’ may sound like a cliché, there’s no denying that starting your own business can be expensive. But you shouldn’t let that stop you from following your dream. If you’re looking for ways to finance your new venture, there are loans to start a business to help you manage the cost. Here, we’ll explain how to apply for a loan to start a business and the different financing options available to alleviate financial worries and pursue your business goals. Financing your business Have a business idea that’s sure to take the market by storm? The next step is making sure you have the money to get the ball rolling. Formulating a financial plan can help you visualise exactly what money you have to work with, and if your business idea is really viable. It’ll cover all the costs of your new company and what you’ll need to finance them. A financial plan is also a useful tool when pitching to investors or when applying for a business loan. Here are some of the components of a financial plan: Your investment budget: Here, you’ll list the investments you need to start your business and those that can wait until further down the road. This should give you an idea of how much money you’ll need to get your business started. Your financial budget: How are you planning to finance your new company? Will you apply for a Start Up Loan from the government? Are you borrowing money from a family member? You have several options available to you which we’ll cover later on. Your operating budget: Next you’ll need to estimate what your business’ turnover will be. You’ll need to analyse the costs of keeping your business running against the money you’ll make to ensure you’re making a profit. Your cash flow budget: Your income and expenses are likely to go up and down throughout the year. Here, you’ll put together a cash flow forecast which includes all income and expenditure per month. This can show you where you’ll have surplus money available and when you’ll need extra funds so you’re prepared for all eventualities. Many banks will also ask to see your cash flow forecast before approving you for a business loan. Startup loans vs. business loans When it comes to loans to start a business, there are two different routes you can take. You can apply for a business loan through a bank, or apply for a government-backed Start Up Loan. Let’s compare the two so you can decide which may suit you best. Government-backed Start Up Loan Did you know you can apply for financial support from the government to kick start your business? The government-backed Start Up Loan can lend you anything from £500 to £25,000 subject to acceptance. Unlike many business loans, the government’s Start Up Loan is an unsecured personal loan meaning your borrowing won’t be secured to a valuable asset like your home or car. But like other loans, you’ll need to pass a credit check. Benefits of this loan include free support to help you put together your business plan , and up to 12 months of free mentoring - ideal if you’re just starting out. To apply for the Start Up Loan you’ll need to be living in the UK, be aged 18 or over and have a UK-based business that’s been trading for less than 36 months, or plan to start one. It’s important to note that you will be charged for your borrowing - this government-backed loan charges a fixed interest rate of 6% per year. You’ll need to repay the loan over a period of one to five years, and you can choose to repay it early without any early repayment fees. Business loans Taking out a business loan is another option when it comes to financing your new business. They work in a similar way to other types of loans - you apply through a bank and will need to repay the amount through regular repayments. The amount you’ll be allowed to borrow will usually depend on your credit history and the bank’s specific borrowing limits. Some may give you a personal borrowing limit based on your credit rating. With this in mind, making sure your credit score is in good shape beforehand can give your application the boost it needs to be approved. Once approved, your business will be lent the money and you’ll start making regular repayments, including interest, over a set amount of time. Most banks will ask the following from you before approving your loan: You’re aged 18 or above You need the money for your business, not for personal reasons Proof that your business can make the repayments Details of any other business loans or finance you may have A Guarantee if you’re a limited company or Limited Liability Partnership Permission to carry out a credit check Online lenders vs. traditional lenders If you’re looking to borrow cash to get your business off the ground, you’ll need to decide whether to borrow from a private online lender, or a traditional lender like a bank. The best option for you will depend on your individual circumstances. If you don’t have much of a credit history or have struggled with bad credit in the past, you may find it easier to be approved by an online lender. One of the biggest advantages of an online lender is the convenience - they typically offer a fast application process which can all be completed online, rather than needing to visit a branch. They’re also known to offer a quick funding process - but exactly how long it will take to receive your money will be down to the lender. Online lenders may also offer you more flexible repayment terms. Alternatively, you may prefer to borrow from a traditional lender like a high street bank. If you have a strong credit score and would prefer to borrow from a well established bank or credit union, going with a traditional lender may suit you best. You may choose to take out a business loan with the bank you already hold a current account with, as they’re familiar to you and you have a history with them. Traditional lenders like high street banks may also offer you a lower interest rate than online lenders, so it’s worth shopping around to get the best rate on your borrowing. Crowdfunding If you’d prefer to avoid taking out a business loan, there are other routes you can take. If you’re looking for some financial support to get your business moving, you could consider crowdfunding. As the name may suggest, crowdfunding is where a ‘crowd’ funds a project, such as your new business. To raise the money you need, you’ll need to gain the attention of your potential investors and prove that your new business is worth their investment. There are a few types of crowdfunding for you to consider. With donation-based funding, your contributors will give money without receiving anything in return. Whereas with equity funding, backers will receive shares of your business in exchange for their funds. For debt-based funding, contributors are repaid with interest. If you choose reward-based funding, your donors will receive tokens, products or services as a reward for their donation. How do I get a loan? Before you go ahead and apply for a loan, it may be a good idea to weigh up whether you definitely need one. Like all types of borrowing, taking out a loan is a big financial decision. Make sure any borrowing you take on is affordable and that you’ll be able to pay it back. If you’ve struggled with debt in the past, you may want to consider other funding options to avoid damage to your credit rating. If you’ve decided a business loan is the right choice for you, how you go about applying for a loan will depend on which route you choose. If you decide to apply for the government-backed Start Up Loan, you can do so through the British Business Bank’s website . They’ll ask you a few simple questions about you and your new business to make sure you’re eligible for borrowing. If you’ve decided to apply for a business loan through a bank or credit union, here are the steps you’ll need to take: Decide how much you want to borrow: While a lender may offer you £20,000 for example, this doesn’t mean you need to borrow that amount. Work out exactly how much money you need to borrow and that you’ll be able to afford the repayments. Choose your term: A loan’s term is the period of time you’ll be repaying your loan. You may decide a year is long enough to pay back what you owe, or you may prefer to spread the cost over five years. Just remember the longer you take to pay back the loan, the more interest you’ll be charged. Provide your details: Your lender will ask for your personal details and details of your new business. Make sure you have all this information to hand so the application process is smooth sailing. Choose your loan provider: Decide which bank, credit union or other lender you want to borrow from. Make sure to compare lenders - they’ll offer different interest rates and deals. You’ll receive your funds: Once your loan has been approved, you’ll receive your funds. How long it will take to receive the loan will depend on your lender, so make sure to check this beforehand. Get your business up and running in no time If starting your own company has always been on your bucket list, you shouldn’t let business financing get in your way. Starting your own business doesn’t need to feel complicated. Why not let us take care of the hard work? Our company formation service can take charge of the tricky side of things, so you can focus on the most important thing - your exciting new start. Apply to form your company with SUAZ today. Recommended Readings Changes to Companies House Fees Read More Do You Need a Business Bank Account to Operate? Read More

If you're looking to start an online business in 2025, we've compiled a detailed guide on the steps involved when launching an ecommerce store. Read more. How to Start an Online Business in 2025 12 min read Company Formations, Beginner's Guide Table of Contents Categories Why an online business? What kind of online business should you start? Consulting Freelancing Dropshipping Homemade goods Creating content Conduct Research Find the perfect product or service Register your company Legal considerations Build your website Increase your odds of success How SUAZ can help Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office If you’re looking to start a business online, there’s really no better time to do so. According to Beauhurst’s New Startup Index, a record 900,000 new businesses were incorporated in 2023 - an impressive 12% increase from 2022. So, if you’re looking to step into those entrepreneurial shoes this year and break free from the standard 9-5, there’s no reason to wait. Whether you’re looking to create a side hustle, or pursue your passion full time, understanding how to start an online business is crucial. Starting a business is no walk in the park, with numerous hoops to jump through - but the rewards can be life-changing. In this comprehensive guide, we’ll cover exactly how to start a small online business, from market research to choosing the right business model, so all the boxes are ticked. By following these simple steps, you can take your business idea and transform it into a thriving enterprise. Let’s get started, shall we? Why an online business? There’s no denying that we’re now living in the digital age. So much of our lives are now online, including online banking , online shopping and social media. Choosing to start a business online can unlock customer engagement on a global scale, often at a fraction of the cost. Here are some of the key benefits of choosing to start an online business: Lower startup costs: Online businesses often require less initial investment. You can avoid the cost of renting or buying a physical space, as well as the cost of utilities and hiring in-store employees. Your operational costs are likely to be significantly lower as you won’t need to cover property maintenance either. Increased flexibility: Unlike running a store or other physical enterprise, you can manage your online business from anywhere in the world. This can offer you flexibility when it comes to both location and your working hours. Customer insights: With an online business, you can make the most of various analytics tools to track your customers’ behaviour and preferences. You can use this data to inform your business decisions and personalise your marketing efforts. Marketing opportunities: You can make the most of various digital marketing strategies to get your business name out there. From SEO to email campaigns, you can market your brand digitally, often at a lower cost than traditional, print-based advertising. Customer convenience: Not only does an online business offer you flexibility, it suits the flexibility and convenience of your customers too. Your buyers can shop from their homes or on the go, which can improve their overall customer experience. What kind of online business should you start? If you’re planning to start a business online, one of the first steps in your journey is deciding on your business model. There are several types of online business models to choose from, and one of them is likely to suit your work preferences and lifestyle the best. Before jumping headfirst into starting your company, it’s always a good idea to plan. Make sure you prioritise writing your business plan . Your business plan details your business’ goals and strategy and can keep you on track. If you’re thinking of applying for a business loan , the bank is likely to ask to see your business plan too, so they know you have a strategy in place to pay back the funds you owe. As technology has evolved, so too have the types of online businesses available which we’ll dive into below. Consulting Online consulting is a business model whereby you offer professional advice to clients through your digital platforms. These platforms may include social media, content marketing (such as blog posts or podcasts) or even one-to-one coaching via video calls. If you have specialist knowledge in a particular area, there’s no reason why you can’t share your expertise with others. Consulting is super flexible too - there are consultants in just about every area or niche imaginable from marketing and finance, to marriage and relationships. If you have the drive to help others and a particular passion or background in a certain area, coaching or consultancy may be for you. It should be a fairly straightforward online business to start too. All you need is your existing knowledge and skills, a stable internet connection and a platform to get your name out there. Freelancing Freelancing is a popular online business model, allowing you to offer your service to clients on a project or contract basis. According to 2024 data, 13.6% of the UK aged 16 and over are doing some form of freelance work. Starting a freelance business is a flexible and popular way to take your skills and passions and transform them into a successful enterprise. First, you’ll need to decide on your freelance niche - the area where your skills and strengths lie. What is it you’re passionate about or excel at? From there you can identify any gaps in the market that you could look to fill with your service, and tailor your offering to the needs of your potential clients. Make sure you shout about your services online, by optimising your website for SEO, and connecting with potential clients at events or through online platforms such as LinkedIn. By making the most of your platforms and digital tools, you can build an independent, thriving business in no time. Dropshipping Dropshipping is a flexible business model with very low startup costs. Rather than buying, storing and shipping products yourself, you get a third party to take care of it for you. You’ll create an online storefront for customers to browse products. When a customer makes a purchase, you forward the order and payment to a supplier who then ships the product to the customer. This eliminates the need to invest in a warehouse or keep stock on hand. This means you can devote more time to marketing your business and connecting with your customers. Homemade goods Homemade goods, often described as DIY businesses, are a creative business route for those looking to sell their creations. Homemade goods businesses take little money to get started and can be started as a side hustle, or your primary source of income. There are numerous benefits to starting a DIY business, from becoming your own boss to the freedom to work anywhere. When it comes to getting started, your to-do list should be relatively small. All you need are your startup supplies, a stable internet connection to set up your website and promote your products and some cash to hand to cover initial shipping costs. From jewellery making to woodwork, you can let your creativity run wild as you build your enterprise. Creating content In recent years, content creation has become a popular and competitive field. In fact, there are over 200 million content creators in the world , making it a thriving industry to be a part of. But there is more to content creation than meets the eye - it requires a solid strategy and a commitment to regular posting to get your content seen. There are numerous forms of content you may choose to create for profit, from YouTube videos to social media posts. It’s important to note that like many things in life, content creation requires patience and time. Try as you might, it’s unlikely that you’ll become a household name overnight. But by regularly posting and engaging with your audience, there’s no reason why you don’t have a chance of success waiting for you. Conduct research When you start an online business, it can be all too easy to get ahead of yourself with the excitement of it all and forget to plan ahead. A key element of planning your business is research - in fact, research is vital at every stage of your business journey. Research lays the foundations for your decision making, and can help you to mitigate risks and make the most of any opportunities that come your way. By identifying the needs of your customers and market demands, you can cater your product or service to appeal to your customers’ needs and stand out against your competitors. Research the market you plan to enter and who your competitors are. Identify their strengths and weaknesses so you can differentiate your service or product accordingly. From there, you can get to know your potential customers, determine their needs and preferences and market your product or service to appeal to them. Find the perfect product or service Deciding on the product or service for your business is a major decision that requires consideration of several factors, such as market demand, your background and your career goals. Here are some tips to consider when deciding on the right product or service for your business: Identify your expertise or passion: Bring it back to basics. Consider your interests, skills and values and try to choose a product or service that reflects them. After all, you’ll want to enjoy the work you do and truly care about the product or service you’re selling. Market research: Carry out market research to help you spot opportunities and demand for certain products or services. Is there a demand for a product that isn’t available, that you could introduce? Consider trends, competition and profitability. Your resources: Assess the resources you have available, including your finances, skills and time. Make sure you choose a product or service that fits with your resources, so you can put your plans into action. Do you have the budget to make your business idea happen? Can you rely on your network for support? USPs: Decide on your unique selling proposition (USP) which is what makes your product or service unique and better than your competitors. This will play a pivotal role in your branding and marketing too. Your business model: As mentioned above, once you’ve decided on your product or service, you’ll need to choose the most appropriate business model. From dropshipping to consulting, make sure your business model aligns with your goals and resources. Stake your claim by registering your company Once you’ve fleshed out your online business idea, you’ll need to officially form your company. While the idea of registering your company may sound complicated, once you get your head around the process, it should feel straightforward. You’ll need to form your new business with Companies House, which maintains the register of companies in the UK. You can do this yourself for a £50 incorporation fee, or trust a company formation agent to take care of the registration process for you. With SUAZ, your company formation is completely free. We’ll cover the £50 incorporation fee (no catch!) and you’ll have our advice and support to hand whenever you need it. We’d love nothing more than to help you on your road to success. Take a look at our company formation packages to get started. Consider the legalities There are more legal considerations to be aware of than company formation. Make sure you cover all legal bases when forming your business, and consider any insurance or certifications you’ll need to have. Taking out business insurance can give you the peace of mind that if disaster were to strike, you’ll have a helping hand there to pick up the pieces. If you’re planning to hire employees, you’ll need to take out employers’ liability insurance to protect your business should a member of staff become injured or fall unwell as a result of working for you. While not a legal requirement, you may also choose to take out public liability insurance for financial protection, should a third party claim to have suffered injury or property damage because of your company. Build your website You can think of your website as your digital headquarters, where all your interactions, transactions and operations take place. As an online business, investing time and money into your website is vital. Your business’ website is a valuable marketing tool to showcase not only your products or services, but your company’s mission and message. If you’re looking for a web hosting provider to get your website up and running, why not browse the BSC marketplace? Our partner site, BSC, can connect you with a variety of professional web hosting providers to get you online, at a price that fits your budget. Increase your odds of success The online business market is a highly competitive space to navigate. With an uncountable amount of online stores, content creators and service providers looking to stand out, you’ll need a solid strategy to give you the best chance of success. Here are some tips and tricks to help your business stand out from the crowd, in such a competitive market. Identify your USP to clearly define what sets your business apart from your competitors. Maybe you pride yourself on your excellent customer service, or a unique product that will take the market by storm. Make sure your website is optimised for SEO and user experience (UX). This means ensuring your site is mobile-friendly and has a user-first interface that’s easy to navigate. Prioritise high-quality content that addresses your audience’s needs. From blog posts to podcasts, make sure your content is engaging, promotes your brand and is optimised for SEO. Try to attend industry events, such as conferences or webinars, to build connections and keep up-to-date with industry trends. How SUAZ can help There’s no downplaying it - starting your own business can feel complicated. But it doesn’t need to be. With our company formation service, you’ll have the support you need to approach each stage of your journey with confidence. Form your company with SUAZ today. Recommended Readings

If you are wanting to start a business but unsure of where to begin, our step-by-step checklist shows you everything you need to get started. Explore here. What Do You Need to Start a Business? 8 min read Company Formations Table of Contents Categories Why do you want to start a business? Things you need to start a business A solid concept A foundation of knowledge An understanding of your chosen industry A plan for financing An idea of who your audience is Plan for the future What are the easiest types of business to start? Ready to get started? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Starting your own business can be a life-altering decision. You’ll be your own boss, set your own working hours and have the freedom to run things however you like. There’s no denying that becoming an entrepreneur is exciting, but without proper preparation you can run into problems that may threaten your chances of success. So, what do you need to start a business? From generating a strong idea to putting together a financial plan to make sure your dream is realistic, there’s a lot to consider. But don’t worry, our complete list of things needed to start a business will cover everything you need to feel prepared. Why do you want to start a business? So, why do you want to start a business? What are your motivations? From financial independence, to simply sharing your passion with the world, having a reason for your work can give you the motivation to succeed. After all, starting a business requires you to step into the unknown and take a risk, so having a purpose can help you push through obstacles that may come your way. Some possible motivations for starting your own business include: Following your passion: Forget working a 9-5 for a company that doesn’t interest you. By starting your own company you can work in a field that you care about. Support non-profits: You may choose to set up your company to support non-profits, charities or the local community. Achieve financial independence: While getting your business off the ground can take hard work and patience, the financial rewards are potentially huge. With determination, you can build a valuable asset that continues to grow. Gain work-life balance: Say goodbye to the regimented working week. Starting your own business can give you a super-flexible lifestyle. You may choose to work from home, say no to meetings on Fridays or work a four-day week. As well as focusing on the reasons to start your own company, it can be worth acknowledging the potential risks and challenges you could face too. What could go wrong with your business and how would you resolve it? From financial struggles to employee retention, anticipating potential obstacles with a plan for how you’d resolve them can help you prepare for the unexpected. Things you need to start a business You can’t rush into the practical side of things like registering your company until you understand the legal requirements to start a business. Here, we’ll cover everything you need to have ready, from coming up with an idea to brushing up on your industry knowledge. A solid concept It all starts with an idea. Maybe you’re the artistic type and have been told your graphic design skills could easily make you money. Or perhaps you’ve found a gap in the market for a product you’re sure will be a hit. It’s important to know what business you want to run and why you want to run it. If you like the sound of being your own boss but you’re struggling for ideas, try bringing it back to basics. What interests you? Note down your hobbies and passions and brainstorm potential business ideas from them. For example, if you’re an animal lover you may want to start a dog-walking service, or open a cat cafe. Or maybe you’ve recently come across a business that you felt could be doing things better. To get yourself in the right headspace, try immersing yourself in the business world. You could read biographies from inspirational entrepreneurs to see where their bright ideas came from. Or you could ask your family and friends what they think you’re good at, to see if your strengths are something you could build on. Inspiration is sure to strike when you least expect it! A foundation of knowledge You can’t jump head-first into managing your own company without knowing the ropes, right? A great way to prepare for starting a business is to brush up on your knowledge. Read up on the legal terms often thrown around like limited liability so you aren’t left feeling out of your depth when your company is formed. You could attend seminars from business experts, take a management course to broaden your knowledge and even reach out to entrepreneurs through platforms like LinkedIn to ask questions. Alternatively, there are a wide range of free resources across the web to help you develop your expertise. An understanding of your chosen industry Depending on the type of business you choose to start, you may have to adhere to certain legal requirements, so it’s important you understand the ins and outs of your industry beforehand. For example, if you’re looking to start your own restaurant and are planning on serving alcohol, you may require an alcohol licence. Want to start a hairdressing business? There’s certain legislation that hairdressers must adhere to, including the Control of Substances Hazardous to Health law which applies to the use and storage of hazardous substances, such as peroxide. Being clued up on the legal requirements surrounding your chosen industry means you won’t be caught out or left unaware of certain regulations in your field. For example, as soon as you become an employer you need to take out employers’ liability insurance. This is to cover your business should a staff member claim they’ve suffered illness or injury from working for you. If you weren’t aware of this and weren’t insured, you could be fined £2,500 for every day you go unprotected. With this in mind, it’s important to be aware of industry regulations to avoid a fine or prosecution. A plan for financing It may be early days, but having an idea of how you’re going to fund your business can save you some stress further down the line. There’s no denying that starting a company can be expensive, but you shouldn’t let that stop you from chasing your dream. Planning ahead can help you work out if your business idea is affordable. Here are some options to consider to help you finance your company: Business loan: A business loan works similarly to other types of loans. You’ll apply for it through a bank and repay the amount through regular, usually monthly, repayments - with interest added. It’s important to make sure you can afford to take on the debt and that you’ll be able to keep up with your repayments. Start Up Loan: You could apply for the government-backed Start Up Loan of £500 to £25,000 to help you start or grow your company. You’ll be charged for your borrowing at a fixed interest rate of 6% per year. Crowdfunding: You could try crowdfunding to raise money for your business. This involves you getting others to fund your business. Different types of crowdfunding include donation-based funding where contributors donate money without receiving anything in return. With debt-based funding, your contributors will be repaid with interest. Your savings: Financing a business with your own money may sound impossible, but with time and determination, it can be achievable. Set yourself a savings goal, hold yourself accountable and cut back on your spending. Check out our guide on how much it costs to start a business for more information. An idea of who your audience is Understanding your ideal customer can help you grow your business and retain your customers long-term. To do so, you’ll need to identify your target market - the specific group of customers who are most likely to interact with and buy from you. They’re likely to share certain characteristics such as age, income, behaviour and gender. And they’ll usually have a problem that your business can help them solve. As you haven’t yet started your business, identifying your target market may feel tricky. A great place to start is looking at your potential competitors. What brands would you like your company to mirror? Where do they advertise and what messaging are they using? From there, you can understand who your competitors are targeting, to then go on to target the same group in a better way. Plan for the future You’ve not even started your business yet, so us telling you to think about what will happen to it in the future may sound irrelevant right now. But having an idea of the future of your new venture can help you feel prepared. Is this new business your planned career for life, or are you aspiring to start multiple companies? How will you measure success? Are you looking to eventually gift your business to your children? Try to break down your goals by time. Where do you want your business to be in two years time? Then map out your goals for the next five and ten years. Having an idea of what your company’s future will look like can keep you motivated to succeed. What are the easiest types of business to start? Some types of business are naturally easier to start than others. Those that have low startup costs and require little training are easier to get going than a company that needs a lot of investment and supply management, for example. While starting any business isn’t a walk in the park, using a platform like eBay or Etsy (or Business Support Club if you’re looking to sell to other businesses) to get your venture going can keep costs down and give you less to think about. Using an online marketplace costs very little upfront so if you decide your business idea isn’t working out, you won’t be left out of pocket. Looking to test the waters before you commit to your business full time? You could consider trialling your idea as a side hustle alongside your current job. This could mitigate the risk of failure further down the line, as you’ll be able to see if you’re making enough money to commit to it full time. Once you know your business is performing well, you can make the move to expand it by hiring employees, growing your brand and being your own (full time!) boss. Ready to get started? Once you’ve ticked off all the above, chasing your dream shouldn’t feel too far away. Feel ready to get your company off the ground? Our guide to starting a business will cover all the next steps you’ll need to take. Starting your own business is a lot to get your head around and it’s easy to be left feeling overwhelmed. But you don’t need to do it on your own. Our company formation service can take care of the tricky stuff, like forming your business with Companies House, so you can focus on your exciting new start. Apply to form your company with us today. Recommended Readings A Guide to Starting a Dog Walking Business in 2024 Read More How Much Does it Cost to Start a Business in the UK? Read More What Do You Need to Start a Business? Read More

Find out where the most profitable buy-to-let locations are for starting a business. We’ve compared the average property costs across the UK’s biggest cities. The best buy-to-let locations for starting a business 15 min read Business Trends Table of Contents Categories Benefits of a buy-to-let limited company The UK’s most profitable buy-to-let hotspots Benefits of these locations What is rental yield? The difference between gross and net rental yield Why rental yield matters for investments What is considered a good rental yield? How to calculate rental yield How to maximise your rental yield What taxes are involved with buy-to-let? How much tax you pay on buy-to-let property income Stamp duty Capital Gains Tax Inheritance tax Real life case study from a property business owner Further costs associated with buy-to-let properties To wrap things up… Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office If you’re looking to take the buy-to-let property market by storm, choosing the right location is crucial. Perhaps you’re looking to expand your property portfolio, or you’re a newcomer to the real estate market. Whatever your circumstances, we’re here to help you make the right decision when choosing buy-to-let locations, to improve your chances of business success. In December 2023, average house prices were estimated to have fallen by 2.1% due to high mortgage rates and the cost of living crisis. But the market will likely pick up again, with 47% of landlords believing the Bank of England’s base rate will fall in 2024 - great news for those starting in the real estate industry. We’ve explored 50 of the biggest cities to uncover the best buy-to-let locations in the UK, looking at average property prices, rental costs and letting agent fees in each city to determine the net yield and potential returns on property investment. We’ve also reached out to current buy-to-let business owners who have shared insight into the property market and current considerations. So, what are you waiting for? Benefits of a buy-to-let limited company If the buy-to-let industry is calling your name, you’ll need to decide if you’d prefer to keep the properties in your name, as a sole trader, or if you’d benefit from forming a limited company . There are several benefits to starting a buy-to-let limited company , especially when it comes to business tax and legal protection. Let’s delve into the benefits of operating as a limited company: Limited liability: Should you face financial difficulties as a limited company, you’ll receive protection in the form of limited liability . This means your business is legally classified as an ‘individual’ and a separate legal entity. So, should you run into financial trouble as a business, the business itself is responsible, not you personally. You wouldn’t be obligated to pay any debts or personally cover any financial losses. Tax efficiency: Operating as a limited company can be more tax-efficient than working as a sole trader. As a limited company, you’ll pay 19-25% Corporation Tax on profits compared to the 20-45% Income Tax you’d pay as a sole trader. Professionalism: Choosing to operate as a limited company may give your professionalism and credibility a boost. Your potential customers are likely to perceive you as more trustworthy and established. The UK’s most profitable buy-to-let hotspots So, where is the best place for buy-to-let? We’ve uncovered the top UK cities for buy-to-let, based on their property prices, monthly rent prices, management fees and best net rental yield. Net yield is the return, or potential return, of a rental property after costs have been deducted such as letting and management fees. The top buy-to-let hotspots in the UK, coming out in joint first place, are Manchester, Glasgow and Aberdeen, all with a net yield of 6.9%. The average buy-to-let property price in Manchester is £251,557, with an average monthly rent of £1,713. Compared to the average UK house price of £290,000 in July 2023, Manchester’s property prices are significantly cheaper than the national average, making them a worthwhile investment for buy-to-let investors. Glasgow and Aberdeen’s average buy-to-let prices also fell significantly below the national average, at £230,619 and £189,633 respectively, making them attractive buy-to-let locations for those looking to invest in property. It seems that opting for cities in the North of England and Scotland are generally better for yields than cities in the South of England and London. This is true for Stoke-on-Trent and Birmingham which came out in second place for the most profitable, with net yields of 6.8%. Benefits of these locations These best areas for buy-to-let offer more than just profitability, they’re also prime locations known for their culture scene and business opportunities. As mentioned, Manchester ranked in first place for most profitable buy-to-let hotspots, alongside Glasgow and Aberdeen, and is a bustling city to consider. With an economy worth £62.8 billion , it has firmly cemented itself as a major business hub in the UK. If you’re a music buff, you’ll know what Joy Division, The Smiths and Oasis all have in common - Manchester! It’s renowned for its vibrant music scene and unmissable music venues such as the Warehouse Project. It’s safe to say Manchester is a worthy contender when searching for the best buy-to-let locations in the UK, with its high rental yields and job opportunities, and strong economy. The same can certainly be said for Glasgow, whose average house price in its West End area has risen by 27% since 2019 - great news for property investors. Glasgow is Scotland’s economic powerhouse, generating £19.3 billion GVA per annum . According to Rightmove, Aberdeen is the third cheapest city for first-time buyers , so if you’re new to the buy-to-let world, you could benefit financially from your investment. Local estate agents in Aberdeen have predicted that house prices will rise by 1-2% in 2024 , so you could make a significant profit on your investment should you choose to invest in Aberdeen’s housing market. The city is home to an array of green spaces, beaches and beautiful views, offering an excellent quality of life. Named one of the most affordable cities to own a home, Aberdeen is certainly worth considering, with the average cost of a mortgage, utilities and council tax being only 37% of the median monthly salary . What is rental yield? When starting a property business , there are two ways you can make money - either through an increase in the value of your property, or through the rent you receive as a landlord. When looking for buy-to-let hotspots in the UK, a key deciding factor for investing in property is the rental yield you can expect to receive. Rental yield is a metric used to assess the profitability and potential return of a property investment. It’s usually presented as a percentage. The difference between gross and net rental yield While gross rental yield and net rental yield are both used to assess the potential returns on property investment, they differ in the expenses they use to calculate profit. Gross rental yield takes the annual rental income generated by your property and divides it by its total cost or market value. Net rental yield also takes into account the various expenses that come with owning and maintaining a property, such as property management fees, insurance and maintenance costs. This means net rental yield offers you a comprehensive measure of your property’s profitability, by factoring in all the costs that come with a property, not just the cost of the property itself. Why rental yield matters for investments Rental yield is crucial for you to assess the potential return on your investment, which can help you make informed decisions about the property you choose to invest in. You can use rental yield to calculate the income a property will generate, and the level of risk a property may have. For example, lower rental yields may indicate a higher level of risk, while higher yields may suggest a better return on investment. What is considered a good rental yield? What is considered a good rental yield will depend on factors such as the location of the property, market conditions and whether the property is residential or student accommodation, for example. Generally speaking, a gross rental yield of 5 - 6% is considered ‘good’, while anything over 7% is seen as ‘very good’. How to calculate rental yield Calculating the rental yield of a property should be fairly straightforward once you know how. Here’s the calculation to use: (Annual rent / property value) x 100 = gross rental yield For example, if you purchased a property for £200,000 and charged £1050 per month, your gross rental yield would look something like: £1050 x 12 = £12,600 (£12,600 / £200,000) x 100 = 6.3% How to maximise your rental yield Typically speaking, the higher your rental yield, the stronger your property investment - so it’s often a key goal for landlords. Here are a handful of ways you could look to increase your rental yield: Choose the right buy-to-let location: Choosing a property in a high-demand location could increase your rental income. Consider transport links, business opportunities in the area, schools and local amenities when looking at potential areas. Upgrade the property: Could you add another bathroom or bedroom to the property? If you have a large living space that isn’t necessary, you could turn it into an extra bedroom to boost your cash flow. This may attract more tenants which could increase your profits. Pets: Many landlords say no to pets. After all, you’ve spent significant time and money on the property, you want to prevent damage. But rental properties that allow pets are hard to come by for tenants, so you may be able to increase your rental cost if you say yes to pets (and what harm will a furry friend do really?) What taxes are involved with buy-to-let? Tax can feel like a minefield for a new business owner, but it’s a crucial thing to get right. The last thing you want is to face a hefty fine. Here are some of the taxes involved with buy-to-let for you to consider: Income tax: For the 2023/24 tax year, basic taxpayers pay 20% tax on buy-to-let income. If you’re a higher-rate taxpayer, you’ll pay 40%. National Insurance: If your profits are more than £12,570 per year, you’ll need to pay Class 2 National Insurance contributions. You’ll pay this through Self Assessment. It’s important to note that you can get buy-to-let tax relief on income tax. This means you’ll pay tax on the profit you make, once your ‘allowable expenses’ have been deducted. These expenses include the money you spend on the day-to-day running of the property such as letting agents’ fees, buildings and contents insurance, accountants’ fees and Council Tax. You can find out more about these allowable expenses on the government’s website. How much tax you pay on buy-to-let property income The income you receive from charging rent on your property is taxable. This means you’ll need to declare any rent you receive to HMRC (once you’ve deducted the expenses or allowances explained above) when filling out your Self Assessment tax return. As mentioned, how much tax you’ll pay will depend on your income tax band (either 20% or 40%). If you make money from other sources, such as employment, your rental profits will be taxed at the same rates as your other income. Stamp duty You’ll pay stamp duty on your buy-to-let property if the purchase means you’ll own more than one property and the property is worth more than £40,000. This type of stamp duty is known as the Additional Stamp Duty Rate and is charged as an extra on top of your standard stamp duty bill. So, if your property purchase means you own more than one property, you’ll pay a 3% stamp duty surcharge. Capital Gains Tax You may need to pay Capital Gains Tax if you make a profit when you sell a property that isn’t your home, such as a buy-to-let property. To work out if you’re required to pay Capital Gains Tax, you’ll need to calculate the ‘gain’ you’ve made from selling the property. The Capital Gains Tax rate is 18% for basic rate taxpayers earning up to £50,000 per year. This rate then rises to 28% for higher-rate taxpayers earning more than £50,000 per year. But like income tax, you’re entitled to a tax-free allowance which can reduce your tax bill. Until April 2025, the Capital Gains Tax tax-free allowance is £12,300. Inheritance tax If you’re a landlord or property business owner, you may look to pass on your property to loved ones once you’ve passed away. To do this, you must understand how Inheritance Tax (IHT) works and how it may affect your property portfolio. Should you pass away owning property, your beneficiaries (those in line to receive inheritance from you following your death) may need to pay IHT on your estate. IHT is charged at 40%, but everyone is entitled to the nil-rate-band allowance of £325,000 which they won’t pay tax on. Anything above this threshold is subject to the 40% tax rate. Real life case study from a property business owner We asked Michelle Niziol, estate agent, mortgage broker, property investor and director of IMS Property Group about her experiences with buy-to-let and any key takeaways she can share with new property investors. “The biggest challenge of starting a buy-to-let portfolio is usually the capital to put down as a deposit. You typically need at least 25% deposit of the value of the property. “Then understanding the local property market is critical, you need to be able to identify areas with potential for rental income and property appreciation and this can be challenging, especially for beginners. “You need to be careful with your property selection, ensure that the property you choose aligns with your investment goals, budget, and target tenant market, you need to consider factors such as location, property condition and potential rental yield.” When it comes to long-term success as a buy-to-let business owner, Michelle shared the following tips: “Ensure that you secure a property in the right location, near public transport routes, good schools and ensure that when the tenant moves in, the property is refurbished to a high standard. Make sure you deal with maintenance issues promptly, and enlist a reputable letting agent to fully manage your property.” Further costs associated with buy-to-let properties When investing in property, it’s important to consider any ongoing costs that may affect the returns on your investment. Once you’ve purchased a property, there are several ongoing expenses you’ll need to cover, including: Property maintenance costs: The cost of regular upkeep for your property, including cleaning, gardening and ensuring the property is kept in good working order. Agency fees: If you choose to rent out your property through a letting agent, you’ll need to pay letting agents’ fees. How much this will cost depends on the tasks the letting agent provides. You may choose to pay a one-off fee for a let-only service, which is usually around four weeks’ rent. If you choose full property management, the agent will deal with any day-to-day issues such as damage to the property or a tenant leaving without giving notice. This could cost you up to 20%. Repairs: We’re talking about repairs that go beyond your day-to-day maintenance. Unexpected repairs may crop up occasionally, such as a boiler breaking or something structural that needs fixing. Making sure you have a pot of money set aside for repairs can help. Insurance: You can take out buy-to-let landlord insurance, a more specialised type of home insurance, to protect you against risk when renting out your property. You may find that some home insurance providers won’t cover you if you aren’t living in your property, so make sure you take out the right cover for your needs. Insurance can protect you financially should the unexpected happen, such as a fire or flood, or even a tenant is injured due to a fault in the property and takes legal action. To wrap things up… If you’ve always wanted to start a business, what are you waiting for? Nothing compares to the feeling of being your own boss, and the property industry is a thriving one to be a part of. Now you know the most profitable buy-to-let hotspots, there’s no reason to wait. Form your company with SUAZ today - we’re excited to help kickstart your new venture. Recommended Readings

Learn the key differences of paying tax, personal liability and more if you’re weighing up whether to run a business as a sole trader or a limited company. Self Employed vs Limited Company - What’s Best? 12 min read Company Formations Table of Contents Categories What’s the difference between a sole trader and a limited company? Tax differences between self-employed and a limited company Tax if you’re a sole trader How much can you earn self-employed before paying tax? Tax if you’re a registered limited company VAT Could I change from a sole trader to a limited company? Greater pension options Reduced risk of personal insolvency You could sell your business Weighing up your options to form a company Let SUAZ help you on your business journey Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office No feeling compares to taking the leap to start your own business. Financial freedom, flexible working hours and the ability to build a culture you care about - the list of benefits is endless. From doing your research, you’ll know there are several big decisions you’ll need to make as a business owner - and we’re not just talking about the paint colours of your new office. You’ll need to decide on the structure of your new business, and weigh up the pros and cons of a self employed vs limited company. Below, we’ll uncover the difference between a sole trader and limited company, so you can figure out which business structure works best for your new venture. What’s the difference between a sole trader and a limited company? While operating as a sole trader or limited company won’t change your role as a business owner, there are numerous differences to consider when you compare limited company vs self employed in the UK. We’ve put together this table to outline the differences between a sole trader and limited company, so you can match your needs to a business structure that works for you. Sole trader Limited company You’ll need to register with HMRC to let them know you’re self-employed Limited companies are treated as separate legal entities, meaning you aren’t personally responsible for your business’ losses or debts You’ll be personally liable for any business debts or financial losses Most limited companies are ‘limited by shares’, meaning they’re owned by shareholders. You can own 100% of the company, or a percentage of it depending on the weighting between shareholders If you’re sued, your personal assets may be at risk It will cost you money to register as a limited company (a £50 registration fee) but SUAZ covers the cost to make it more affordable for you to chase your dream It doesn’t cost you anything to get started as a sole trader - but remember, you’re personally liable should things go wrong financially When your business is registered you become a director of the company Tax differences between self-employed and a limited company A key difference between becoming self-employed and forming a limited company is tax. Below, we’ll explore some of the tax implications of a self employed vs limited company. Tax if you’re a sole trader As a sole trader, you’re responsible for keeping on top of your taxes. How much tax you pay will depend on the profit you make and how much income you earn each financial year (which runs April-April). Once your income exceeds the tax-free personal allowance threshold, which is £12,570, you’ll need to pay tax on anything you earn over that amount. Sole traders pay between 20-45% income tax, whereas limited companies pay only 19% corporation tax, making them more tax efficient. Those who are self-employed are also required to pay National Insurance Contributions (NICs) and the class you pay depends on the profit you make. If you make a profit of £6,725 or more a year, Class 2 contributions are treated as having been paid to protect your NI record, so you don’t need to pay Class 2 contributions. If you earn less than this a year, you don’t need to pay anything but can choose to make voluntary Class 2 contributions to protect your NI record, so you qualify for certain benefits and the state pension. Make more than £12,570 a year? You’ll need to pay Class 4 Contributions, which for the 2024-25 tax year are as follows: 6% on profits of £12,570 up to £50,270 2% on profits over £50,270 How much can you earn self-employed before paying tax? You’ll pay tax on anything you earn over the standard Personal Allowance, which for the 2024/25 tax year is £12,570. Tax if you’re a registered limited company As a limited company, you’ll pay corporation tax, which is typically less than the income tax you’d pay as a sole trader. If your business made more than £250,000, you’ll pay the main rate of corporation tax which is 25%. If your company’s profits were £50,000 or less, you’ll pay the small profits rate of 19%. As a company director, you may choose to pay yourself a mix of salary and dividends, meaning your salary amount is smaller, and in turn, you’ll pay less tax. Dividends are taxed at a lower rate , allowing you to maximise your take-home pay. This method also lowers the amount of National Insurance you’ll pay. As the director of your limited company, you’ll pay two types of National Insurance contributions - the company itself will pay NIC as an employer, and you’ll also pay it on your salary. You’ll be responsible for paying National Insurance through HMRC’s PAYE (Pay as You Earn) system, as part of your business’ payroll. Limited companies are also required to file annual reports to Companies House, which become available to the public. These accounts include details on your profits and losses, a balance sheet, a director’s report, an auditor’s report and your name and signature. VAT Whether you’re a sole trader or limited company, you’ll need to register for value added tax (VAT) if your turnover goes over £90,000 - the VAT threshold. You can also choose to register for VAT if your turnover is less than £90,000, known as voluntary registration. Currently, in the UK, the rate of VAT is 20%. A good way to think of it is your business isn’t paying VAT - instead, you’re charging your customer, for you to then pay HMRC. You’ll then complete a VAT tax return, usually quarterly, to let HMRC know how much VAT you’ve charged. You’ll need to include your total sales and purchases, the amount of VAT you owe, the amount of VAT you can reclaim and the amount of VAT HMRC owes you. You can submit your VAT return using compatible accounting software, through an agent or accountant, or by using your online VAT account . Could I change from a sole trader to a limited company? You have the freedom to operate as a sole trader initially while you find your feet, and later decide to register your business as a limited company. Just because you started out as a sole trader, it doesn’t mean you can’t change your mind further down the line. But, it’s important to be aware of the challenges many new businesses face. According to the UK’s self employed survival rates for 2025 , a significant number of sole traders close within the first few years. Understanding these survival rates can help you plan your business journey more effectively. Changing from a sole trader to a limited company could shield you from financial risk. This is because a limited company is treated as a separate legal entity from its director, meaning you won’t be personally liable should your business suffer financially. You may also benefit financially when it comes to business tax. Rather than paying between 20-45% income tax, you’ll pay corporation tax at 19%. As a director, you can also choose to take home a smaller salary and receive your additional income as dividends to help lower your tax bill. There are further benefits to registering as a limited company including: Greater pension options As a sole trader, you’ll only be eligible for a personal pension and you can’t deduct your pension contributions as an expense of your business. This means your contributions will need to come from your take-home pay after tax. You’ll still be eligible for the State Pension as long as you have ten qualifying years on your National Insurance record to get any state pension, and at least 35 years to receive the full State Pension. Operating as a limited company can unlock greater pension options. Your pension contributions can be treated as an allowable business expense if the payments are ‘ wholly and exclusively ’ for the purposes of the profession, trade or vocation. What does this mean exactly? Well, you can offset the pension contributions against your business profits and in turn reduce your corporation tax bill. As a limited company, you may also have the chance to join or provide a small self-administered scheme, known as an SSAS pension - a type of workplace pension that is independently managed by the company that sets it up. Reduced risk of personal insolvency As we mentioned earlier, as a limited company you have the legal protection that should your business face financial difficulties, you won’t be personally affected. This is known as limited liability , which protects you should your business ever struggle with debts, financial losses or liabilities, the business itself is responsible for them - not you individually. This is because, in the eyes of the law, your business is classed as an ‘individual’ and separate legal entity. You could sell your business You never know what the future holds - one day you may feel ready for something new and choose to sell your limited company. Remember, if you have more than one owner, all shareholders will need to agree to the sale first. You may also need to pay capital gains tax if you make a ‘capital gain’ when selling your business. Weighing up your options to form a company Deciding which business structure suits you best can feel tricky, especially when you consider the differences between a sole trader and limited company. To help you weigh up your options, we’ve put together this comparative table comparing a self employed vs limited company. Advantages Disadvantages Sole trader You’ll have full flexibility and control over your business without the input of shareholders You don’t need to register your business with Companies House, meaning you’ll have less paperwork to complete You keep all profits after tax You aren’t legally separate from your business, so you’ll be personally liable for any business debts Your personal assets are tied to your business The tax you pay will depend on your income (between 20-45%) Limited company As the owner of a limited company, you’re financially protected should your business suffer financially Your personal assets aren’t tied to your business Your limited company is treated as an ‘individual’ and is a separate legal entity You’ll pay corporation tax at a flat rate (19%) Control is shared between owners, known as ‘members’ You have to register your company with Companies House and pay a registration fee (unless you register with SUAZ - we’ll cover the registration fee for you) Your profits are taxed via corporation tax, income tax and National Insurance Let SUAZ help you on your business journey If you’re looking to start your own business, there’s no reason to wait. Why not let SUAZ help you on your road to success? We can help you form your limited company and even take care of the registration fee, completely free of charge. Apply to form your company and reap the rewards you deserve. Recommended Readings How Long Does It Take to Set Up a Limited Company? Read More What is Limited Liability in a Business? Read More Advantages & Disadvantages of Limited Liability Read More

Suaz respects your privacy and choices! Transparent Cookie Policy: learn how cookies work, manage preferences and personalize your experience. Learn more! COOKIE POLICY Last updated October 04, 2024 This Cookie Policy explains how SKILLSERVE TECH LTD ("Company," "we," "us," and "our") uses cookies and similar technologies to recognize you when you visit our website at https://www.suaz.co.uk ("Website"). It explains what these technologies are and why we use them, as well as your rights to control our use of them. In some cases we may use cookies to collect personal information, or that becomes personal information if we combine it with other information. What are cookies? Cookies are small data files that are placed on your computer or mobile device when you visit a website. Cookies are widely used by website owners in order to make their websites work, or to work more efficiently, as well as to provide reporting information. 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Name: VISITOR_PRIVACY_METADATA Provider: .youtube.com Type: server_cookie Expires in: 5 months 27 days Name: x-ms-routing-name Provider: .live-web-tbsc.azurewebsites.net Type: server_cookie Expires in: 1 hour Name: TiPMix Provider: .live-web-tbsc.azurewebsites.net Type: server_cookie Expires in: 1 hour Name: ARRAffinitySameSite Provider: .live-web-tbsc.azurewebsites.net Type: server_cookie Expires in: session Name: twk_idm_key Provider: app.suaz.co.uk Type: http_cookie Expires in: session Name: Priority Provider: bat.bing.com Type: server_cookie Expires in: session Name: __tbsc.browserid Provider: app.suaz.co.uk Type: html_local_storage Expires in: persistent Name: ssr-caching Provider: www.suaz.co.uk Type: server_cookie Expires in: less than 1 minute Name: _rdt_em Provider: .suaz.co.uk Type: http_cookie Expires in: 2 months 29 days Name: _rdt_uuid Provider: .suaz.co.uk Type: http_cookie Expires in: 2 months 29 days Name: _cltk Provider: app.suaz.co.uk Type: html_session_storage Expires in: session Name: TawkConnectionTime Provider: app.suaz.co.uk Type: http_cookie Expires in: session Name: bSession Provider: www.suaz.co.uk Type: http_cookie Expires in: 30 minutes Name: Priority Provider: c.bing.com Type: server_cookie Expires in: session Name: Priority Provider: c.clarity.ms Type: server_cookie Expires in: session How can I control cookies on my browser? As the means by which you can refuse cookies through your web browser controls vary from browser to browser, you should visit your browser's help menu for more information. The following is information about how to manage cookies on the most popular browsers: Chrome Internet Explorer Firefox Safari Edge Opera In addition, most advertising networks offer you a way to opt out of targeted advertising. If you would like to find out more information, please visit: Digital Advertising Alliance Digital Advertising Alliance of Canada European Interactive Digital Advertising Alliance What about other tracking technologies, like web beacons? Cookies are not the only way to recognize or track visitors to a website. We may use other, similar technologies from time to time, like web beacons (sometimes called "tracking pixels" or "clear gifs"). These are tiny graphics files that contain a unique identifier that enables us to recognize when someone has visited our Website or opened an email including them. This allows us, for example, to monitor the traffic patterns of users from one page within a website to another, to deliver or communicate with cookies, to understand whether you have come to the website from an online advertisement displayed on a third-party website, to improve site performance, and to measure the success of email marketing campaigns. In many instances, these technologies are reliant on cookies to function properly, and so declining cookies will impair their functioning. Do you use Flash cookies or Local Shared Objects? Websites may also use so-called "Flash Cookies" (also known as Local Shared Objects or "LSOs") to, among other things, collect and store information about your use of our services, fraud prevention, and for other site operations. If you do not want Flash Cookies stored on your computer, you can adjust the settings of your Flash player to block Flash Cookies storage using the tools contained in the Website Storage Settings Panel . You can also control Flash Cookies by going to the Global Storage Settings Panel and following the instructions (which may include instructions that explain, for example, how to delete existing Flash Cookies (referred to "information" on the Macromedia site), how to prevent Flash LSOs from being placed on your computer without your being asked, and (for Flash Player 8 and later) how to block Flash Cookies that are not being delivered by the operator of the page you are on at the time). Please note that setting the Flash Player to restrict or limit acceptance of Flash Cookies may reduce or impede the functionality of some Flash applications, including, potentially, Flash applications used in connection with our services or online content. Do you serve targeted advertising? Third parties may serve cookies on your computer or mobile device to serve advertising through our Website. These companies may use information about your visits to this and other websites in order to provide relevant advertisements about goods and services that you may be interested in. They may also employ technology that is used to measure the effectiveness of advertisements. They can accomplish this by using cookies or web beacons to collect information about your visits to this and other sites in order to provide relevant advertisements about goods and services of potential interest to you. The information collected through this process does not enable us or them to identify your name, contact details, or other details that directly identify you unless you choose to provide these. How often will you update this Cookie Policy? We may update this Cookie Policy from time to time in order to reflect, for example, changes to the cookies we use or for other operational, legal, or regulatory reasons. Please therefore revisit this Cookie Policy regularly to stay informed about our use of cookies and related technologies. The date at the top of this Cookie Policy indicates when it was last updated. Where can I get further information? If you have any questions about our use of cookies or other technologies, please email us at help@suaz.co.uk or by post to: SKILLSERVE TECH LTD Bartle House Manchester, Greater Manchester M23WQ United Kingdom Phone: (+44)0330 320 1929