What Should I Do To Start A Limited Company?

What Should I Do to Start a Limited Company?

So, you’ve had a brilliant idea for a business that you can’t wait to get off the ground. The next thing you need to do is get your business registered. There are different ways to structure your business depending on how you want to operate, such as through your own limited company. Registering a company…

Bookkeeping_for_Limited_Companies

Bookkeeping for Limited Companies

As the owner of a limited company—or any business for that matter—annual accounts and tax returns are unavoidable (sorry). Before you get to that point though, or rather, to even get to that point, you’ll need to master the art of great bookkeeping. If it all sounds a bit daunting, don’t worry. We answer some…

How Are Dividends Recorded in Bookkeeping

Paying Dividends from a Limited Company

Recording dividends in your accounts is a fairly easy process, but because many companies only declare them once a year people rarely get to experience how the transaction works. So, to help you with declaring dividends and getting your bookkeeping right, we are looking at:   What are dividends? Making the decision to pay a…

How Do Directors Pay Themselves?

How Do Directors Pay Themselves?

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…