Guides tagged with "limited company"

Why Have I Got Two Corporation Tax Returns?

If you’re in your first year of trading as a limited company, you may notice something odd: your first financial year is usually longer than 12 months. This often surprises new directors, but it’s completely normal - and nothing to…

Why Set Up a Limited Company?

This is the first in a series of articles on running a company, covering issues that come up with clients on a regular basis. When starting a business, one of the first decisions is choosing its legal structure. The…

Things a Company Director Should Know

Starting up a limited company is a big step for you and your business. It's easy to get carried away in the excitement and miss some of the things you are required to do to be compliant with all the…

How to Take Money Out of a Limited Company

There are several ways to take money out of a limited company, each with different tax implications. I’ll summarise the main options below, but feel free to get in touch if you’d like tailored advice. Loan Repayments If you’ve loaned…

How to Close a Company

It’s a sad fact that many businesses close within their first year. Not all closures are negative - some business owners move on to new ventures, sell the company, retire, or return to employment or self-employment. Whatever the reason, there…

Compliance Duties as a Company Director

When you run your own limited company, there are several key filings you’ll need to stay compliant with Companies House and HMRC. Here’s a brief overview of what to expect. Companies House Confirmation Statement Each year, around the anniversary of…