In this guide, I’ll show you how to calculate corporation tax using an easy-to-follow example, along with where you can find more resources on how to reduce your corporation tax bill using allowances, reliefs and other adjustments.
A step-by-step guide to forming a Limited Company, including preparing your memorandum & articles, picking shareholders & protecting your personal details.
If you own a Limited Company and, for whatever reason have decided to stop trading and made a tax loss in your final accounting period, then you may be able to use the rules of corporation tax loss relief to generate a tax refund.
Choosing the right business structure will maximise your tax home pay and minimise your tax bill. Here’s how to decide whether becoming a sole trader or Limited Company is best for yo
There are two main ways a Director can pay themselves from their Limited Company. By combining these and getting the mix just right, a Director can take advantage of tax-free allowances and lower tax rates.
Directors loans can sometimes be the source of some confusion for Limited Company owners. So if you have put money into your Limited Company or are worrying about how you get your money back, then this guide is for you. I’ll help you understand what you need to do when you put money in, the … Read more
As an accountant, I’ve commonly received requests by small business owners to make limited companies dormant. The reasons behind the requests vary from someone just wanting to take some time off to businesses sadly not working out the way they hoped. Whatever your reason, there are some common questions I always get asked. So I … Read more
Welcome to the Step-by-Step Guide to Filing Your Dormant Company Accounts. This guide walks you through how to file your Dormant Company Accounts at Companies House, as well as how to let HMRC know about your Limited Company’s dormant status for Corporation Tax reasons. What You Need to Get Started To make the process of filing your Dormant Company Accounts … Read more
Determine which is the right legal structure for your new business and where to find further information on registering the one you choose.
Until 31 March 2015 companies that crossed the small profits threshold paid a higher rate of tax. Associated companies made them more likely to cross the threshold and pay more tax.