Starting up a limited company is an exciting time – it’s a big step for you and your business. It is easy to get carried away in the excitement and not take in all of the things you are required to do to be compliant with all the company and tax laws, and it is possible you might miss opportunities … Read More
How to take money out of a limited company
There are a few ways to take money out of a limited company, which all have different tax implications. I will summarise them all briefly here, but please feel free to get in touch if you want to discuss any of them further. Loan repayments If you have loaned money to the company, for example by investing funds to get … Read More
Compliance Duties as a Company Director
This blog post follows on from one I wrote earlier this year around why you might want to start a limited company. When you run your own limited company, there are several things you need to do to ensure your company is compliant with all of the requirements from Companies House and HMRC. I will briefly explain many of them … Read More
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 choice of the legal structure for it. The most commonly used structures are sole trader, partnership and registered company. I … Read More
What is self-employment?
It might seem like there is quite an obvious answer to this, but there are nuances to this question that can affect your tax liability and recently became important when the government announced its coronavirus support packages as some people who work for themselves were eligible whereas others were not. The reason it can get confusing comes about because due … Read More