Tax reliefs associated with buying an electric vehicle through your Limited Company
Buying an electric vehicle through your Limited Company
How do I set up in business?
You've got the idea, now what should you consider
Starting your own business can be difficult and stressful – but very exciting, too. It’s vital to find the right support, guidance and inspiration to get your business off the ground. With good advice, the journey will be very rewarding.
Here are some areas you should consider:
Planning
Taking the time to create a clear business plan is essential for new companies. It’s a good way to define the type of customer you’re looking for, and to outline how you’ll meet their needs.
Most importantly, it forces you to think about how you’re going to make a profit. If you need help with your business plan, we can guide you through the process to ensure it’s detailed, flexible and achievable.
Funding
During the early stages of your business, there will inevitably be a period when you spend a lot of time and money without seeing any return. So it’s essential to research your market in detail, to make sure you’ll have customers interested in your product or service.
Then you’ll need to investigate the different sources of funding that can help with those initial costs. Again, we can advise you on this, and recommend the one most suited to your situation.
We can help
Contact us today to find out more about how we can help you
Read our insights here
Legal considerations for doing business in the United States
With the US offering one of the largest consumer markets in the world, it’s no surprise that international businesses often view expansion there as a natural next step. But before setting up a US entity, it’s worth asking a more fundamental question: should you? Whilst the US is an attractive market, it’s also a complex and high-risk jurisdiction. The legal and tax system is layered at both the federal and state levels, employment law is intricate, and the market is highly litigious. Without the right infrastructure, advisers, and capital behind you, entering the US can become an expensive distraction. In a recent webinar hosted by Wilson Elser, a member firm of global association IAPA International, legal experts gave a practical overview of the key considerations for setting up and operating in the US.
Payrolling benefits in kind (BIKs) delayed until April 2027
From 6 April 2027, employers who provide taxable benefits in kind (BIK) to their employees will be required to report these benefits and the Class 1A national insurance contributions (NIC), via their payroll. We answer some of your questions....
Creditors Voluntary Liquidation (CVL) case study
Price Bailey’s Insolvency and Recovery team support a local manufacturing business in navigating the complexities of a Creditors Voluntary Liquidation (CVL).
