Blog
Limited Company key dates throughout the financial year – your responsibilities and what you need to file with Companies House and HMRC
As a director of your Limited Company you’ll have legal responsibilities, such as submitting / filing various returns and forms to HMRC and Companies House throughout the financial year. When you’re busy running your own Limited Company it can [...]
What is your company yearend and what do you need to know?
New Limited Company directors must complete their yearend, but what is it and why do you need to do one? In this blog we explore what yearends actually are, what you need to be aware of, and the support that’s [...]
2023-24-tax-changes-rates
National Insurance & 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 [...]
How to maximise your tax efficiency before tax yearend 5 April 2023
Allowable expenses Claim all of your allowable expenses Ensure paid invoices have been recorded – chase those you’re still awaiting payment for Keep receipts 6 years after accounting period ISAs Use your ISA allowance £20,000 [...]
The Autumn Statement 2022 Full Report – what it means for Limited Company contractors
Since the reversal of Liz Truss’s tax policy changes last month, new PM Rishi Sunak and Chancellor Jeremy Hunt have promised a new statement, concluding that now is the right time to proceed with a package of tax cuts. In [...]
Business expenses through a Limited Company
Running a business comes with its costs and sometimes it isn’t always clear which of these costs are tax deductible. To help, we have created a short and informative guide about commonly claimed expenses. Understanding how reclaiming expenses works [...]
BREAKING NEWS – Repeal of IR35 reforms and back track on Corporation Tax
Jeremy Hunt, The Chancellor of the Exchequer, has today scrapped the plans to repeal the Off-payroll IR35 Reforms, which had been announced by Kwasi Kwarteng on 22 September 2022. As part of his ‘Growth Plan’, Kwarteng had set out a [...]
MINI BUDGET SEPTEMBER 2022
The mini budget - what it means for contractors Well that was a big U-TURN affecting the contracting industry! The (not so) mini-budget delivered by new Chancellor, Kwasi Kwarteng last Friday, had a lot more in it than anyone expected. Repeal [...]
The April 2023 Corporation Tax Rate increases – explained
One of the major announcements from the 2021 March Budget was that Corporation Tax would be increasing from 19% to 25% in April 2023. So what does this mean for Limited Companies? In this blog we take a look at [...]
Summer entertaining – the rules behind having a good time
Summer is finally here, hooray! Grab the sun cream, fire up the BBQ and pour yourself something cold, it’s time to enjoy the weather and some much needed socialising. But before you make any plans, what are the rules when [...]
Borrowing money from your Limited Company
There may be times when you’ll need to borrow money from your Limited Company, but how do you go about doing so and what are the associated tax risks from doing so? Plus, is there anything you need to be [...]
Top tips on how to reduce your energy consumption when working from home
It’s an expensive time to work and live in the UK, even more so if you contract from your home. With bills already increasing to an alarming rate and even more rises set to be announced in the autumn, now [...]