Guides tagged with "limited company"

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…

Why have I got two Corporation Tax returns?

If you are in your first year of trading as a limited company it is likely that your financial year runs slightly longer than 12 months. If you set up on the 15th of January 2026, for example, your…

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…

Why set up a limited company?

This is the first part in a series of articles I am writing on running a company as these are issues the come up with my clients on a regular basis. When you start up a business, you have a…