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…
Recording dividends in your accounts and paying them out to your company’s shareholders is a fairly easy process, but because many companies only declare them once a year you might not get the chance to experience how the transaction works very often. So, to help you with declaring dividends and getting your bookkeeping right, we…
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. The road to tax-efficient…
Some people operate their businesses as a limited company right from the get-go, but many also start out as a sole trader or partnership first and then make the switch to register as a company later. So, if you’re thinking about becoming incorporated, what kind of things should you consider? It sounds scary, so we’ve…
Company Tax Returns are a necessary evil when you run a limited company. You’ll need to keep accurate financial records so you can complete your tax return correctly, so HMRC can make sure your business pays the right amount of Corporation Tax on any profits it makes. Try to control your enthusiasm while we explain…
