On 29 Nov 2017, SBC’s consultant, Renold Tang, delivered successfully seminar 2, entitled “Fundamentals of business taxes and personal taxes in the UK”. Renold discussed a range of critical tax issues for business owners, including “Income tax for individuals”, “Corporation tax”, “Capital gains tax”, “VAT (value-added-tax)”, “Duties IHT (Inheritance Tax)” and “NIC (National insurance contribution)”.
The seminar 2 has provided the audience with some basic yet powerful knowledge needed to start a business. It was awarded high marks from the clients on many aspects with many positive comments and suggestions.
- “Good overview of the vital basics and the question session is helpful”.
- “Different types of corporation tax, tax structure of LLP and Ltd co, tax-free nature of investment income and CGT information and IHT and VAT. Interesting and useful.”
- “Giving real-world examples to explain the points clearly”
- “The breadth and clarity of investment starting from absolute basics”
- “A practical training workshop after the seminar would be useful”
- “More information on funding bodies, more details on legal obligations and differences between company forms (limited-unlimited), taxation differences, cost of setting up a business (minimum running costs, e.g accountant, lawyer etc), yearly fees for government etc.”
- “International taxation and more about double taxation”
- “Internet and online business and how taxes relate to them”
Please click here to see the full post-seminar assessment report.
Following Seminar 1 and 2, which cover general tips/advises to start a business, SBC is going to organize many one-to-one appointments. If you are interested in attending these sections to get more deeply professional advice from SBC’s consultant, please email to email@example.com.
On 22 Nov 2017, SBC’s seminar 1 was successfully delivered by Clinic Consultant Renold Tang and Southampton alumnus Mauro. The lecture covered many topics that provide the students and staffs with insights on how to start a business. These topics include “Self-discipline”, “Sacrifice”, “24/7”, “Types of business ventures”, “Sources of funding and how to approach those sources”, “Business vehicles and differences between those vehicles”, “Do you need an accountant?”, “Business registration”, “Partnership and shareholders agreement”, “Customer contracts”, “Supplier contracts” and “Employment contracts”, among others.
The feedback from the audience was largely positive with comments and suggestions such as:
- “A real-life success example and the insightful information.”
- “Targeted to the audience and very interactive”
- “Interesting, useful information delivered in a direct and honest way”
- “Answering specific questions/ clearly answered questions”
- “Talking and interacting + answering questions that people actually want to know about.”
- “More interactive, split up the class into groups and create discussions.”
- “Visual resources” and Bigger Lecture theatre”
- “More guest speakers, maybe from a famous brand to talk about their experience”.
- “More information on funding and personnel preparation”
- How to protect yourself from legal things and self-employment
Please click here for full post-seminar assessment report.
Following Seminar 1 and 2, which cover general tips/advises to start a business, many one-to-one appointments are going to be scheduled by SBC. If you are interested in attending these sections to get more professional advises from SBC’s consultant, please email to firstname.lastname@example.org.
Welcome to Small Business Clinic (SBC) !
We are pleased to inform you that in the 2017/2018 academic year seminars and clinics of the Small Business Clinic (SBC) at the University of Southampton are going to be held on the following days in Highfield campus.
- 22nd Nov 2017 12:00 – 14:00 at 02A / 2077 (L/T J)
- 29th Nov 2017 13:00 – 16:00 at 02A / 2077 (L/T J)
- 10thJan, 2018 12:00 –18.00
- 24thJan, 2018 12:00 –18.00
- 7thFeb, 2018 12:00 –18.00
- 21stFeb, 2018 12:00 –18.00
- 7thMarch, 2018 12:00 –18.00
To book a 1-on-1 appointment with our consultant at the clinics, please e-mail us at smallbusinessclinic [at] soton.ac.uk.
*All dates are subjected to demand and may change. Clinics are for students and staffs of the University of Southampton only.
The Small Business Clinic (SBC) at the University of Southampton, is organised and run by staffs and students at the Business & Law School. It is actively supported by a chartered accountant (who is also an experienced entrepreneur) with a very rich national and international experience offers FREE initial advice on a range of issues which includes all aspects of general, legal and tax compliance matters relating to running a business in the UK.
SBC aims to stimulate entrepreneurial spirit mind-set among the University population and offers assistance to staffs and students across all departments of the University of Southampton. In particular it aims at supporting individuals who have just started a business, or have a business idea and are planning on starting a new business.
By participating in SBC clinics and seminars, clients can receive a wide range of professional advices including, but not limited to, creation of start-ups, budgetary controls, design and implementation of management systems, HR and staff planning, acquisitions and divestment, tax planning, statutory audits and corporate legal aspects, among others. Our consultants provide real-life practice advice to help clients manage their business plans successfully. Any information shared with the members of the team remain strictly confidential.
Our 29th March 2017 clinic in Highfield was a success once again. We won the great feedback from our clients with an overall rating of 98.6%. In particular, the high ratings of all individual aspects are as follows: “information about the service (97.1%)”, “quality of service (100%)”, “quality of advice (100%)”, “clarity of advice (97.1%)”, “privacy (97.1%)”, and “treatment by staff (100%)”.
Some of the comments from our clients are:
“Very honest service. Much appreciate for it.”
“Greatly open my mind and help me be focused on my key business idea.”
“Great clinic that covers a lot of practical points in detail and helps guide me in the right direction.”
Our 1st March 2017 clinic in Highfield has received an extremely high feedback from our clients, which was recorded an overall rating of 98.9%. Our clients are satisfied with each specific part of the clinic, with high rating given once again for “information about the service (93.3%)”, “quality of service (100%)”, “quality of advice (100%)”, “clarity of advice (100%)”, “privacy (100%)”, and “treatment by staff (100%)”.
Some of the comments from our clients are:
“Great advice for my business plan.”
“Valuable insights to help me re-think my business idea.”
“Excellent talking. Renold provide me friendly and workable ideas and suggestions. Thanks a lot!”
Our 1st February 2017 clinic in Highfield was a success, recording an overall rating of 94%. Our clients were very satisfied with the advice they received from our business consultant, with high ratings given once again for “quality of advice” (94%), clarity of advice (94%), privacy (94%), treatment by staff (97%),“quality of service” (94%) and information about service (88%).
Some of the comments from our clients are:
“Thank you for your advice”
“Possible offer more private mentorship arranged outside of university. Paid or unpaid.”
“Thank you for your time and the realistic help”
“Good experience finding gaps in business plan by looking at things from different perspective. Realistic view on feasibility of business plan”
“Thank you, see you again soon”
On the 16th November 2016, our esteemed Consultant and Entrepreneur Renold Tang, delivered the third session in our annual Small Business Clinic seminar series. The seminar entitled: “Basic Business Taxes and Personal Taxes in the UK”, saw Renold discuss a range of useful tax issues for business owners: from ‘basic tax rates and schemes’ to ‘where to get advice on tax matters’, before sharing his own extensive experience as a Fellow Chartered Accountant and businessman with staff and students interested in starting their own businesses at the University of Southampton.
Despite the number of participants being slightly lower than expected, the seminar received superb feedback from its attendees, with an overall rating of 89.5% for “Relevance of Topic”, “Quality of Presenter”, “Quality of Venue”, and “Would like to attend further seminars”. The SBC team are delighted to have received confirmation that their 3-part seminar series has successfully provided attendees with some basic yet very powerful knowledge regarding taxes, national insurance and pensions, crucial for starting a small business. The SBC team would like to thank its attendees for coming and they hope that they will share information about this invaluable service with colleagues and peers…
All feedback received was extremely positive, with comments such as:
- “Very helpful and informative”;
- “Would love to join other activities of SBC in the future”;
The Small Business Clinic aims to help University of Southampton staff and students to take the next step in advancing their businesses. We welcome you to book an appointment to receive initial business advice at one of our FREE monthly small business clinics. Please visit our website: https://sotonsmallbusinessclinic.wordpress.com/ for more details on how to book a private appointment with our business advisor, or e-mail us at email@example.com.