November 25th, 2020.


Keeping on top of your business expenses starts with understanding your biggest centres of expenditure. Here’s how it’s done.

Ask most people what they think is the biggest cost a business faces and they’ll tell you its salaries. But what about small businesses with perhaps just one or two staff members, or even sole traders with no employees at all?

According to official government data, of the six million UK business currently trading, just 1.1 million are employers. The rest are operated by their owners, who usually pay themselves through company profits instead of via a salary.

In fact, for the vast majority of UK businesses, the biggest annual business expenses are much more likely to be tax liabilities and energy usage.


For the full story at smallbusiness.co.uk CLICK HERE.