Entrepreneurs

BIZORB'S PICK Bankruptcy

Bankruptcy

Bankruptcy 5.00/5 (100.00%) 1 vote
Sunday 11th November 2018

Overview To be made bankrupt, a court has to issue a bankruptcy order against you. This can happen for 2 reasons: You can apply to the court if you’re unable to pay your debts Your creditors (the people you owe ... Read More »

Employment Status

Employment Status 5.00/5 (100.00%) 1 vote
Sunday 11th November 2018
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Overview In employment law a person’s employment status helps determine their rights, and their employer’s responsibilities. In tax law a person may have a different employment status. You can check this using the HM Revenue & Customs (HMRC) Employment Status Indicator. The main types of employment status are: Worker Employee Self-employed Contractor Director Office holder ... Read More »

Employment Contracts

Employment Contracts 4.00/5 (80.00%) 1 vote
Sunday 11th November 2018
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Overview All employees have an employment contract with their employer. A contract is an agreement that sets out an employee’s: Employment conditions Rights Responsibilities Duties These are called the ‘terms’ of the contract. Employees and employers must stick to a contract until it ends (eg by an employer or employee giving notice or an employee being ... Read More »

Capital Gains Tax

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Sunday 11th November 2018
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Overview Capital Gains Tax is a tax on the profit when you sell or give away something (an ‘asset’) that has increased in value. It’s the gain you make, not the amount of money you receive, that’s taxed. Example You bought some shares for £2,500 and sold them later for £12,500. This means you made a ... Read More »

Plan Your Retirement Income

Plan Your Retirement Income 4.00/5 (80.00%) 1 vote
Sunday 11th November 2018
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Overview A pension is a way to save money and will give you an income later in your life. You can get a pension from schemes you pay into and from the government. Check how much money you’ll need when you retire You may need more money than just the State Pension when you retire. ... Read More »