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…
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…
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…
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…
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…
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…
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…
Cash might be king but in the days of digital some business owners wonder, ‘Should I still use petty cash?’ With the ease of card and mobile transactions, you’d be…
Business Asset Disposal Relief is a kind of tax relief which allows company directors reduce Capital Gains Tax after disposing of an asset. Capital Gains Tax (or CGT) is a…
As inflation and other costs rise, running a business is more costly so lending money to your limited company might be worth considering. If you need new equipment or the…