by yasiradnan94 | Dec 6, 2018 | Accounting, Advice, Business, FAQs, Financial planning, News, Small Businesses, Tax planning
Director/shareholders can at times find themselves in a situation where they have used business cash to fund personal purchases. It is important to record such transactions adequately in the company books to avoid potential issues with HMRC. HMRC’s View HMRC...
by yasiradnan94 | Feb 27, 2018 | Accounting, Advice, Business, Small Businesses
Alphabet shares refer to shares issued by a limited company that have different rights attached to them as set out in the company’s articles of terms of issue. The shares are listed by a letter (‘A’, ‘B’ etc) and hence called alphabet shares. Businesses issue this...
by yasiradnan94 | May 26, 2017 | Contractors, Freelancers, Small Businesses, Tax planning
With the change from one tax year to the next comes a range of different tax rates, allowances and thresholds that can change the way in which you manage your taxes. A company director is typically paid a salary from the limited company, which is calculated very...
by yasiradnan94 | May 24, 2017 | Advice, Contractors, Freelancers, Small Businesses, Tax planning
It is natural for friends and family to want the best for you, and quite often they take the opportunity to give advice based on their own circumstances. Once upon a time incorporation was, more often than not, the sensible option for a business once it’s...
by yasiradnan94 | Jun 20, 2016 | Contractors, FAQs
For directors of limited companies it is important to calculate the most tax efficient way to take out money from the company for personal use. Ensuring you have taken advice on the best mix of salary versus dividends, means more net take home pay for you. Despite...