Blog
How limited company directors get paid: Salary vs dividends explained
Understanding how you’re paid when running your own limited company is a pretty important step, especially when it comes to maintaining tax efficiency and remaining compliant with HMRC. By ensuring you get the balance between salary and dividends correct you’re able to optimise your take-home pay whilst ensuring your [...]
Dormant limited companies in the UK: tax implications & rules
If you’re currently running a UK based limited company, there might be times when you consider stopping trading for a period, but you don’t want to close your company completely. Regardless of whether you’re taking a break, planning your next professional move, or restructuring, making your company dormant can [...]
Allowable business expenses for limited company directors: What you can claim and HMRC rules explained
Business expenses are costs a limited company incurs that can be reclaimed from its income, thereby reducing its taxable profit. This in turn lowers the amount of Corporation Tax your company must pay. However, expenses are only allowable if [...]
Tax-free Trivial Benefits for limited companies: A guide to employee gifts and rewards
As a limited company director there might be times when you’d like to gift your employees, or even yourself as a director, without the hassle of creating a tax liability. One way in which you can do this is via Trivial [...]
What was announced in the Spring Forecast 2026?
In Tuesday’s Spring Forecast, Chancellor Rachel Reeves presented the latest economic and fiscal forecast from the Office for Budget Responsibility (OBR), providing an updated outlook for the UK economy. There were no major new tax or spending announcements, in [...]
What are the key dates throughout the 2026/27 tax year for Limited Company Directors?
As a director of your Limited Company, you have legal responsibilities such as filing and submitting various forms and returns to Companies House and HMRC throughout the tax year. Failing to do so will result in penalties, fines and [...]
What Are the 2026-27 Tax Year Rates and Allowances?
Income Tax Tax-free personal allowance - £12,570 Basic rate – 20% up to £37,700 Higher rate – 40% - from £37,701 to £125,140 Additional rate – 45% - above £125,140 National Insurance Rates [...]
How to maximise your tax efficiency before tax yearend 2026
Allowable expenses Claim all of your allowable expenses Maximise your trivial benefit allowances for all directors Keep receipts 6 years after accounting period ISAs Use your ISA allowance £20,000 taxed at 0% per year [...]
What Was Announced in the Autumn Budget 2025?
With so much pre-Budget speculation, we were expecting a long wait for the detail - but events moved faster than anyone anticipated. In an unprecedented slip, the Office for Budget Responsibility (OBR) accidentally published its Economic and Fiscal Outlook [...]
How to Recognise and Avoid HMRC Tax Scams in the UK
Tax scams in the UK are becoming increasingly sophisticated, especially when it comes to the Self-Assessment Tax Return deadline. Scam artists will often try to impersonate HMRC to trick business owners into sharing personal or financial information. Whilst HMRC [...]
How Much Can Limited Company Directors Claim for Working from Home
When working from home you can expect to incur additional expenses, but did you know you’re able to claim tax relief on certain expenses if you’re using part of your home as your office? This blog explores what your [...]
How Associated Companies Impact Corporation Tax for Your Trading Company
When running multiple trading companies, it’s important that you understand the concept of ‘associated companies’. HMRC uses the rules set out for associated companies to determine the small profits rate of Corporation Tax, so this ultimately means that the [...]