We have come across quite a few people over the last 15 years attempt to do their limited company accounting themselves to save a small amount of money on accountancy fees. While it may be sensible if you are a sole trader to learn how to do bookkeeping and file your tax returns, trying to […]
What can an accountant do for a limited company? Read More »
Update! As of the 23rd September 2022 it has been announced that the Dividend Tax rise for 21/22 will be reversed for 22/23. National Insurance rise It may have been easy to miss with all the hullabaloo about the National Insurance rises, but dividend tax is getting raised too. The broad details of the 1.25%
Dividend tax rise along with National Insurance rise Read More »
Is it better to trade as a sole trader or a limited company? Many startups start as a sole trader and later incorporate (move the sole trader business into a newly formed limited company). Many articles on the internet discuss the advantages and disadvantages of trading as a sole trader vs. a limited company. Most
Sole trader vs. limited company – which one is best for you? Read More »
How can I save money putting a car through my limited company? The extra national insurance and personal tax created through the benefit in kind may outweigh any corporation tax and VAT savings you are going to make by putting a car through a limited company. Over the years, the exact answer to this question
Expert Guide To Limited Company Electric Cars Read More »
We often get asked about what employee food and drink expenses can be included as legitimate business expenses for a Limited Company to reduce their tax bill. A scenario might be that an employee visits a client site, buys lunch, and gets their employer to reimburse them. Is this a legitimate business expense? In short,
Guide to food expenses in a Limited Company – is eating ever tax deductible? Read More »
Optimising salary and dividends for shareholders in an owner-managed Limited Company isn’t rocket science. However, many Limited Company owners are still paying themselves large PAYE salaries, potentially costing them thousands of pounds in unnecessary National Insurance payments every year. Every Company owner should be checking that they have optimized their salary and dividends every year
Salary And Dividends In A Limited Company – Get It Right Read More »
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