Deadlines and Penalties: Limited Compani...

We have previously looked into what deadlines and penalties there are for areas such as self-assessment and VAT, however we have not looked into the obligations of a limited company. As limited companies rise in popularity, it is important to know what you need to do to be compliant with Companies House and HM Revenue […]

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Which Direction? Ltd or Sole?: Update

Limited Company or Sole Trader

We previously discussed the differences between a limited company and a sole trader business in this blog. We went over the advantages and disadvantages of each to help readers decide which would be best for their business. Unfortunately new rules coming into place from HM Revenue and Customs (HMRC) have drastically changed the dynamic from […]

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Dormant Companies

Normally a limited company will be a business. Trading to create a profit, which will in turn be taxed by HM Revenue and Customs (HMRC). Less often, companies are formed for other reasons, such as to hold onto an asset or ensure a company name is kept safe from being used by someone else. These […]

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Cars in the Business: Company Cars

In a previous blog we have talked about how you can use your own car for your business. If your business is a limited company then it can own a car that you can use for the business, which is known as a company car. How a company car affects the company From the company’s point […]

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Drawing Money from your Company: Directo...

In previous blog posts we have mentioned how to draw money from your limited company through dividends and wages. If you draw money from your company without following the rules for dividends or wages you may have taken a director’s loan. What is a director’s loan? Most limited companies will have a director’s loan account […]

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