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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…
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…
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…
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…
Essentially, the most accessible and straightforward way of dealing with HMRC is online. All of HMRC’s digital services can be found on GOV.UK, along with information and other guidance all together in one place. Although HMRC’s digital services can be accessed by anyone, you’ll need to prove your identity to actually use them yourself. There…
