This blog gives you an outline of the different business structures you can trade through. The business concept is not necessary. So, you move between them. It is fairly simple for a sole trader to take on a partner and become a partnership and form a partnership to become a Limited Company. There are however […]
Sole Trader, Partnership, LLP or Limited Company Read More »
It’s important to remember that companies hold different legal entities quite unlike directors. Shareholders need personal funds/assets distinguished from funds/assets that belong to specific companies. If you are managing a company, you need to learn how to deal with a Director’s Loan Account. That’s what we will do in this comprehensive blog. We will look
How To a Handle Directors’s Loan Account? Read More »
Limited company accountants this help-sheet provides you with an overview of the information to provide to us to enable completion of your end of year accounts. Of course, the more you do, the less amount of time we have to spend on the routine compliance aspects of your affairs.
You are no doubt aware of the potential advantages relative to the payment of salary or dividends by your company to its director/shareholders. In particular, dividends do not attract national insurance contributions. So, while tax is due it is not collectible through the PAYE method. Filing the receiver’s self-assessment tax return form with no direct
Salary and Dividends – Dividends and PAYE/NI Read More »
There is no longer a legal requirement for private companies to have a company secretary unless its articles of association explicitly require the company to have a secretary. What Qualifications Does A Company Secretary Need? For a private limited company, no qualifications are needed for a public limited company, the secretary needs to be qualified.
What are the Company Secretary Requirement? Read More »
This is the simplest form of business to start where you carry on business on your account. Whether you are a sole trader or own limited companies. You are liable to income tax and Class 4 National Insurance on your profits. You can employ people including your spouse, as long as you pay them only
Business Structures: Sole Trader vs Limited Companies Read More »
As a provider of services through your own limited company, you will no doubt already be aware of the IR35 regulations. The purpose of this letter is to draw your attention to decisions of The Courts over recent years which have clarified when these regulations may or may not apply. In principle, the IR35 regulations
Are You Safe from the IR35 Regulations? Read More »
The cost of being provided with a company car has reached extremely high levels and whether to make use of a company car for private purposes now requires careful consideration to minimize the tax on company cars. Ways to Reduce Tax on Company Cars Consider the following strategies to minimize tax costs associated with company
Minimising Tax on Company Cars Read More »
Looking for how do you change from sole trader to limited company in the UK? You must be aware that it has significant benefits for your business to carry out business operations as a limited company. This will help to enhance your credibility of the business and tax efficiency. While working in the capacity of
Changing from a Sole Trader to Limited Company Read More »
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