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The relationship between balance sheets and profit and loss accounts
How transactions in the profit and loss account can affect balance sheet entries and vice versa.
Set up a business partnership
How to set up a limited partnership, choose a business name, appoint partners and register with Companies House
Buying business property
What to consider when buying your own business premises, financial and legal aspects, and when to use a solicitor or surveyor.
Set up as a sole trader
Sole traders must register with HM Revenue and Customs and follow certain rules on running and naming their business
Choosing business property
Key issues to consider when choosing the right commercial property for your business needs.
Advantages and disadvantages of buying business property
You should weigh up both pros and cons when considering buying a business property.
Minimise the risks of exporting
Research, insurance, foreign exchange cover and the right partners can all help reduce export risks.
Insurance against non-payment by overseas customers
Commercially available cover and government-supported insurance for exporters
Profit reporting: how, when and where?
Reporting deadlines, the form to use and who to send it to.
Do all businesses have to produce formal profit and loss accounts?
What types of business have to produce P&L accounts and why they are a good idea for most businesses.
Cost of sales
The base cost of obtaining or creating your product.
Renting commercial property
Key factors to consider when choosing to rent property to meet your business demands.
Use your home as a workplace
Tax implications, financial and legal issues, security, and setting up your work area if you plan to work from home.
Buying commercial property: using a surveyor
A surveyor can help you negotiate insurance and contracts and give you advice on any alterations that may be required.
Buying commercial property: using a solicitor
A solicitor can offer valuable legal advice and support to negotiate a suitable deal when purchasing business property.
Business expenses
Legitimate business expenses for accounting purposes and how to apportion expenses partly for business purposes.
Research overseas customers' and markets' creditworthiness
Political, economic, currency exchange and banking issues to consider
Business angels
How business angels can fund investment in young and growing businesses.
Claim loan interest against tax
If you deduct loan interest from your profits you can reduce your business tax bill.
Crowdfunding
What is crowdfunding and how can it be used to finance a business.