companies house made easy

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Sole traders, entrepreneurs and other individuals who are required to fill out self-assessment tax returns will not receive a late filing penalty if they make their submission on the 1st or 2nd of February.

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The Forum for Private Business has called for schools to play a leading role in encouraging entrepreneurship amongst young people.

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Two thirds of people in the UK aspire to be an entrepreneur, rising to three quarters of people between the ages of 25 and 34.

According to a poll from the Association of Chartered Certified Accountants (ACCA), nearly a third of respondents felt that the recession provided a good opportunity to start up a business, showing that the downturn has not dampened the UK’s enthusiasm for start-ups and entrepreneurship.

"Running a business is seriously hard work and requires skill, dedication and drive. It is hugely encouraging that so many respondents – especially so many young people – aspire to be their own boss," stated Glenn Collins, head of business advisory services at ACCA.

"This entrepreneurial attitude bodes extremely well for the next generation of business leaders."

96% of respondents also felt that SMEs were vitally important to the community.