Limited Companies

Sole Trader vs Limited Company

Sole trader vs. limited company – which one is best for you?

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 …

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guide to food expenses in a limited company

Guide to food expenses in a Limited Company – is eating ever tax deductible?

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, …

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salary and dividends in a limited company

Salary And Dividends In A Limited Company – Get It Right

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 …

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