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What Happens When You Don’t Pay Your Taxes UK

Posted on by Murray & Lamb

Tax evasion is where an individual or corporation illegally avoids paying their due tax. Tax discrepancies can be because of miscalculations or mistakes; however, deliberate misrepresentation can also occur where the taxpayer intentionally reports their income or profit to be less than it is, reducing the apparent taxable amount. This criminal behaviour applies to all … Continue reading

What Are The Fastest Growing Industries In The UK?

Posted on by Murray & Lamb

When it comes to winning investment, a business’s growth will be a big influence. Business growth is inextricably linked to rises in revenue, stock value and the subsequent profit that investors can make. It can be a complex process to predict how well individual companies will fare, but on an industry level, the trends are … Continue reading

Characteristics of successful entrepreneurs

Posted on by Murray & Lamb

A great number of new businesses are founded and registered every year, however, few will go on to become hugely successful. Although there are many factors which can affect the success of a business startup, an influential one, particularly in the early stages, is the character of the entrepreneur. As the driving force and visionary … Continue reading

5 Characteristics of Successful Entrepreneurs

Posted on by Murray & Lamb

A great number of new businesses are founded and registered every year, however, few will go on to become hugely successful. Although there are many factors which can affect the success of a business startup, an influential one, particularly in the early stages, is the character of the entrepreneur. As the driving force and visionary … Continue reading

How to Forecast Profit & Loss For Business Owners

Posted on by Murray & Lamb

Creating a profit and loss forecast is an important part of financial planning but can seem like a daunting prospect, especially for start-ups. Working out estimates for revenues and costs will ensure that your business plan is feasible and will allow you to make adjustments to allow profitability, or breaking even, in the face of … Continue reading

5 Things That Make A Long-Term Business Plan Reliable

Posted on by Murray & Lamb

Most entrepreneurs will have an idea of what they want their business to achieve, but not all will solidify this in a long-term business plan. Long-term strategy and planning can help focus and guide all that your business does, leading to more successful results and allowing you to achieve definitive goals. Although putting ideas to … Continue reading

5 Things to Consider When Hiring Your First Employee

Posted on by Murray & Lamb

When Should I Hire My First Employee? A monumental step to take when your business is expanding is hiring your first employee. Whether you’re worked off your feet, or are encountering tasks which require more knowledgeable input, at some point in all businesses it’s time to add to your solo enterprise. Hiring an employee should be … Continue reading

Should I Hire an Accountant?

Posted on by Murray & Lamb

When to Hire an Accountant If you’re running your own business, there are many occasions in which the aid of a professional accountant can make your life easier. Without the necessary understanding of business finance and legislation, it is common for business owners to get bogged down and confused by their financial figures. For this … Continue reading

How to Pitch your Business Idea

Posted on by Murray & Lamb

Your business pitch is often the deciding factor in whether you attract interest to your company or not. Whether you’re pitching for investment, mentorship, during networking or for other reasons, it is an undeniably vital part of getting your business idea off the ground. However, the skill of pitching is unlikely to be something that … Continue reading

4 Ways to Fund your New Startup

Posted on by Murray & Lamb

Getting the necessary funding for your business startup can seem like an elusive and complex task at times. Once you have an idea, getting it going depends on the availability of funds. However, the world of pitching, business plans and startup funding is something that few startup entrepreneurs will be familiar with which can make … Continue reading