Being a company director means you can take a more flexible approach to how and when you pay yourself. In most cases this means taking a tax-efficient ‘split’ income, where part of the money you pay yourself from the company comes from a salary, and the other part comes from dividends. This tax efficiency is…
Corporation Tax is a necessary evil when it comes to running a limited company. To pay the right amount of Corporation Tax, you’ll need accurate financial records so that the information you provide in your company tax return is correct. Who has to file a company tax return? Limited companies must submit a company tax…
As the director of a limited company you can use a director’s loan to borrow money from (or lend money to) the business. We explain what a director’s loan is, how it works, and how to account for this in your company’s bookkeeping. What are director’s loans? A director’s loan is when you, as a…
Choosing what type of business you want to run is a difficult stepping stone in the early days of setting up shop. Should you just be a sole trader or set up a limited company? Here are some benefits to incorporating and setting up a limited company over being a sole trader….
The Financial Secretary, David Gauke, has outlined plans to make it easier for SMEs to understand and claim R&D tax relief….
