What is a Self-Assessment tax return? If you’re a Director and Shareholder of a limited company or operating as a sole trader, you must submit a Self-Assessment tax return to HMRC every tax year. The tax year runs from 6th April – 5th April and your...
Everything you need to know about hiring staff. As a Director of your company, employing staff may be a necessity, but can often seem to be a minefield with so much to consider. This factsheet is intended to be a handy guide for new employers, with some basic...
Many Directors use a combination of salary and dividends to pay themselves throughout the tax year to utilise the tax allowances and thresholds in the most efficient way. Personal Income tax As Director of a limited company, you must submit an annual self-assessment...
Many of us rely on communication for the success of our businesses. We stay connected with colleagues and suppliers over the phone, and the internet is where we speak to clients and promote our companies. As it’s an essential part of modern life and vital for your...
You’re ready to take the leap and start your own business. Incorporating a company is quick and easy, but there are some elements you need to think about. What is a limited company? A limited company is a separate legal entity to you as an individual. This gives you a...
Introduction As a company owner or sole trader, you may incur a variety of business expenses whilst undertaking your business. You need to know what expenses you are entitled to claim to benefit from tax relief, whilst fully complying with the tax legislation. The...
