What is a UTR Number? A Unique Taxpayer Reference (UTR) is a 10-digit code issued by HMRC to identify individuals and businesses for tax purposes. It’s crucial for anyone filing a self-assessment tax return or paying corporation tax as a limited company. This identifier is unique to you or your business and is used in… Continue reading UTR Numbers : A Complete Guide
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How Is Mint Formations Different from Other UK Formation Agencies?
“Supporting a new business is supporting a dream”. That’s our philosophy at Mint Formations. It’s this way of thinking that sets us apart from other company formation agents out there. And as our customer reviews illustrate, it’s an approach that UK business owners seem to really appreciate. There is no shortage of company formation services… Continue reading How Is Mint Formations Different from Other UK Formation Agencies?
What Is Dropshipping? A Guide to Starting a Successful Online Business
Dropshipping has become more popular than ever and is now a sizeable part of the e-commerce landscape. As of 2023, around 23% of all online sales are fulfilled via dropshipping, and this figure is set to grow because it is one of the quickest and easiest ways to start a business. Whether you’re looking to… Continue reading What Is Dropshipping? A Guide to Starting a Successful Online Business
Product Research for Small Business Success: A Guide for Your UK Business
Carrying out proper research before you launch a product can determine whether your business sinks or swims. It can also help you to identify competitors, find similar products and learn the best ways to sell and develop yours. Around 30,000 new products are launched yearly, and a staggering 95% fail. One of the main reasons… Continue reading Product Research for Small Business Success: A Guide for Your UK Business
How to Start a Video Game Company in the UK
Video games are more popular than ever. Since their spike in popularity during the 2000s, the industry has continued to climb each year. As of 2023, the global revenue of the games segment was reported at 490 billion dollars, and this is forecast to grow further over the next three years. It’s easy to see… Continue reading How to Start a Video Game Company in the UK
From Concept to Creation: A Step-by-Step Guide to Creating a Brand in the UK
In the bustling marketplace of today’s business world, one thing stands as your unique identifier — your brand. Your brand is not just a logo or a catchy tagline; it’s the heart and soul of your business. It’s the promise you make to your customers and the emotions you evoke in them. According to research,… Continue reading From Concept to Creation: A Step-by-Step Guide to Creating a Brand in the UK
What Business Should I Start? A Straightforward Guide to Finding Your Niche in the UK Market
Small businesses currently dominate the UK market. As of the start of 2022, there were 5.5 million with under 49 employees and SMEs account for a sizable 99.9% of the business population. More people choose to utilise their skills and knowledge and go it alone, and it’s easy to see why. Being your own boss… Continue reading What Business Should I Start? A Straightforward Guide to Finding Your Niche in the UK Market
What is Market Research? Understanding Your Customers and Competitors in the UK
Starting a new business is an exciting venture but comes with its fair share of challenges. From the day you launch your new company, you’ll need to be able to answer questions about your industry, customers and competitors. What’s unique about your product or service? What do your customers value? How can you beat your… Continue reading What is Market Research? Understanding Your Customers and Competitors in the UK
Building a Business Budget That Works for You: A Guide for UK-Based Entrepreneurs
There’s nothing quite like the feeling of starting and running your own business. The thrill of making your first sale or opening the doors of your store for the first time is unparalleled. Throughout your entrepreneurial journey, you’ll have countless exciting experiences. Creating a small business budget is unlikely to be one of the most… Continue reading Building a Business Budget That Works for You: A Guide for UK-Based Entrepreneurs
Navigating UK Business Tax: What You Need to Know as a Small Business Owner
If you have recently registered a small business in the United Kingdom, it is crucial to have a solid understanding of the country’s business tax system. Knowledge of these tax obligations is essential for compliance and financial planning. It can seem daunting, but learning about tax doesn’t have to tax your brain. Here we will… Continue reading Navigating UK Business Tax: What You Need to Know as a Small Business Owner