Latest News

14 Aug

Impact of lost businesses felt in latest employment figures

The impact of a number of high-profile business closures earlier in the year has begun to filter through to the unemployment figures for the East Midlands.

14 Aug

Rural Community Awards Now Open

The Plunkett Foundation is welcoming applications for this year’s annual awards celebrating achievements of rural community businesses in tackling rural issues.

08 Aug

Seasalt launches new IT support partnership with Retail Assist

Cornish womenswear retailer, Seasalt has partnered with Retail Assist for IT Support

Setting up a Business

So, you’ve done your background research and decided that you are going to set up a business.

Use this and the remaining sections of the website to find out what else you need to think about including:

East Midlands Chamber has produced a start up checklist to summarise what you may need to check.

The UK Government website contains links to government advice on setting up.


Registering Your Business

 

HMRC Online Learning


Find out more about registering your business, VAT and other tax issues using the HM Revenue and Customs online learning packages. Use this for more information on keeping records, business expenses, growing your business, taking on staff, national insurance and payroll issues as well as VAT, etc.

 

If you are unsure about whether your current online or other trading activity needs to be notified to HMRC, have a look at the video Trading or Not?

HMRC also offer webinars and online training on a range of subjects that you will need to address


 

Business Insurance

 

Association of British Insurers


Getting the right business insurance is essential. The type of insurance you need will depends on your business and may include employer’s liability insurance, professional indemnity insurance, business premises and contents insurance, motor insurance, business interruption, etc.

 

The Association of British Insurers website outlines different types of business insurance and provides a special booklet: ABI guide on insurance for your small business.

Additional information relating to insurance for business can be found on the Money Donut web pages.

Members of the Association of British Insurers are listed here.