Are you thinking about closing your limited company?
As long as you have over £25,000 of net assets to distribute between shareholders a Members’ Voluntary Liquidation (“MVL”) will probably be the most tax-efficient way to close your business.
In this article, we uncover the financial benefits of MVL and in which circumstances it might be the more tax-efficient option for you.
Starting a new business may involve some costs. You may need to pay for a number of products and services before your limited company is actually formed. This means...
If you’re setting up a limited company you’ll no longer be on someone else’s payroll, so you will need to understand how to extract money from your company....
It's quick and easy setting up a sole trader business. You don't need to do anything special and is great to test the waters of your new business. However, very...
Looking after the health of your employees (and yourself) will always be high on your priority list if you run a limited company. Here, contracting industry veteran, James Leckie, looks at the typical health and medical expenses you may encounter as a company owner.
Corporation Tax is a good example of a tax liability that can be significantly reduced if done right.
By aligning your company’s annual profit against its annual costs, you may be able to lower your tax bill quite substantially.
Given the pressures on self-employed people and small business owners at the moment, we’re pleased to see that there’s no need to worry about new Making Tax Digital (MTD) compliance for the time being.
We have been providing expert accountancy services for more than 15 years and have helped thousands of limited companies to grow and thrive. Find out more about our services for contractors freelancers or growing ltd. companies and get in touch today to experience Clever accounting for yourself.
With Christmas a couple of weeks away and office parties in full spirit, we thought it's a good time to let you know our opening hours during the festive period. Our end of year opening times Date Time December 2019 Tuesday 24th 08:30-12:45 Wednesday 25th Closed...
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Companies House has recently published its ‘2018-19 Companies Register Activities‘ report. The document provides some valuable insights regarding the different corporate bodies in the UK and how they shape the Companies Register, and subsequently the UK economy. This...
In today's modern digital age, it is increasingly hard to avoid the many methods HMRC uses for catching tax cheats and those looking to bend the rules. HMRC has come a long way in recent years, and it now combines both modern technology and traditional methods, which...
Click here for the 2020/21 UK Dividend tax rates and thresholds. Current Tax Year ended 5th April 2019 In the current tax year ended 5th April 2019, we generally advise a salary of £702 per month, depending on your additional personal income to date. Not including...
There are numerous rules and limitations when contracting. However, one of the more important rules all contractors need to be aware of is the “24 Month Rule” when claiming expenses. What is the 24 month rule? As a contractor, you are only permitted to claim travel...