Self Employed Expenses It’s important as a self-employed business owner you are well informed about expenses and tax relief. You can download a handy PDF guide on the different types of expenses you could claim for tax relief, as a self-employed business. Below you can watch our video on self-employed expenses. Download Instantly FREE Name …
Ready to know your numbers? Get access to exclusive courses, resources & videos on our FREE membership site. Learn more The Director Loan Agreement (unsecured) If you as a director are looking to or already have borrowed over £10,000 from your Limited Company, then you will need to have a formal director loan agreement in …
The Super Deduction If you are interested in lowering your corporation tax bill by up to 25%, then the new Super Deduction (introduced in the Budget 2021) is something that you may benefit from. The super-deduction offers 130% first-year relief on qualifying main rate plant and machinery investments until the 31st March 2023. So to put …
Non Exclusive Licence Agreement This agreement sets out the basic terms of a rental agreement for your domestic property on a short term basis. It is essential you have this licence in place if you are going to charge your business a rent. Otherwise, HMRC could deem any rental payments as salary payments, and subject …
UK Budget 2021 With the UK budget 2021 just announced on the 3rd March 2021, we’ve broken down the key changes to income tax, national insurance, personal allowances as well as dividend tax. In our latest video for the Accounting & Tax Academy on YouTube we explore how you can pay yourself a tax optimal …
Sole Trader or Ltd? The question of limited company vs sole trader is always a hot topic, and there is no straightforward answer; a lot of videos on this topic present a very skewed view towards one or the other. We want to provide you with a balanced look at limited company vs sole trader. …
New Shares Issued If you are the director of a Limited Company, then the matter of issuing new shares will likely come up at some point in your business journey. The most popular 4 reasons for new shares issued for your limited company include: You want to issue shares as an incentive to a new …
Confirmation Statement CS01 In our latest video for the Accounting & Tax Academy on YouTube we’ve broken down what needs to be included in your Cs01 Form as well as the deadlines and penalties associated with non or late filing. If you are considering filing this yourself then be sure to watch our short video …
Operating your company as a Limited Liability Partnership, also known as a LLP can be extremely beneficial. Watch our below video and educate yourself on the basics of limited liability partnerships. LLPs Explained In our latest video for the Accounting & Tax Academy on YouTube we’ve broken down how LLPs work, as well as going …
You’ve ceased trading. What next? In our latest video for the Accounting & Tax Academy on YouTube we’ve broken down some options you have after ceasing trading with your limited company, including repurposing your business, solvent & insolvent liquidations as well as the potential value your tangible and intangible assets might have to a prospective …
Ceasing Trading Through Your Limited Company – A Complete Guide Read More »
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