Following recent news that a record number of people set up on their own in 2013, we decided to delve further into the official business population statistics to find out how many businesses are currently operating in the UK.
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New business formation data shows that 2013 has been a record-breaking year for start-ups, with over 520,000 new businesses expected to have been formed by the end of the year
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A temporary easing of the Real Time Information payroll reporting requirements for ‘micro employers’ has been extended.
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As part of its recently launched ‘Digital Strategy’, HMRC plans to upgrade its Self Assessment arm to make all communications with taxpayers paperless in the near future.

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The Chancellor delivered his Autumn Statement today. Here, we have summarised the main points, as they relate to business owners.
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With the Autumn Statement set for Thursday 5th December, what business-related changes do industry experts expect the Chancellor to announce?
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By law, every limited company must have a registered office – a physical location where communications from Companies House and other formal post can be delivered.
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In this article, we look at why IR35 was implemented, and what steps contractors should make to ensure they comply with the IR35 rules – including using professional contract review services, and taking out IR35 insurance.
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HMRC has decided to withhold information relating to the status of  IR35 enquiries opened during the last tax year, following a request made by a leading contractor site.
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As the number of news stories reporting the posting of ‘unfortunate’ messages on Twitter and Facebook increases all the time, a solicitor has urged companies to be careful when using social media, to avoid reputational damage to their own businesses – or to their clients.
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A charity says that the self-employed are particularly saddled with high levels of debt, typically owing £10,000 more than the average individual seeking help.
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New data shows that requests to join the Government’s National Insurance holiday scheme have reached an all-time low; a leading accountant says that the scheme has been poorly promoted.
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The Chancellor delivered some good news for small companies in today’s Budget, although his ability to announce any significant cheer to the UK’s firms was understandably limited by the dire state of the public finances.
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Just 18 days before the most significant changes ever made to the PAYE system go live, HMRC has given in to pressure and given smaller employers (those with 50 employees or less) a further six months before they have to fully comply with the forthcoming Real Time Information (RTI) changes.
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Following a surge in popularity for ‘alternative’ funding methods for small companies, a new regulatory body has been set up by the UK’s leading crowdfunding businesses.
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A survey carried out by Crunch Accounting has found that only a small minority of UK small companies think that the Coalition’s proposed ‘Business Bank’ is a good idea.
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The Government has announced that dozens of regulations which relate to company and commercial law are to be scrapped or simplified, including simpler limited company naming rules.
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A leading figure in the interim management industry says that Roman Abramovic was wrong to call Rafa Benitez his ‘interim manager’ at Chelsea.
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From April 2013, qualifying companies will be able to take advantage of a new system of Corporation Tax relief on profits earned from their patents, as an incentive to develop innovative patented products.
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