Limited companies often appoint one a Company Secretary. It is an important role but there isn’t a legal obligation to appoint one. A limited company registered after 6 April 2008…
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Directors and shareholders are an important part of any company limited by shares. The two have distinct roles, however, and are not the same. Broadly speaking, the main difference is…
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Companies House has made changes that all small and micro businesses must be aware of. From 3 March 2024, the first measures of the Economic Crime and Corporate Transparency Act…
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When distributing profits, companies can choose to pay their shareholders in dividends. Many limited company directors pay themselves this way along with their salary. We’ve already given some advice on…
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Most small limited companies do not need to complete a statutory financial audit. But there may be times when an audit can help small businesses. Normally, SMEs in the UK…
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Many business directors start out as a freelancer or contractor and then make the switch from sole trader to limited company! According to the latest statistics, sole traders make up…
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Small companies will soon need to be aware of profit and loss account changes thanks to new rules from Companies House. The Economic and Corporate Transparency Act means tighter regulations…
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Many small business owners overlook the need for a business savings account. Some owners they think they should keep every penny in their current account. But having a business savings…
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When you own a limited company in the UK, you need to understand business compliance. It doesn’t matter if you’re the sole director of your company or one of a…
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Whether you’re retiring, returning to full-time employment, switching to be a sole trader or looking for a change, do you know how to close your limited company? There are many…
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