Work from home expenses claims
Since the Government advised businesses to work from home if they are able to do so following the onset of the global Covid-19 pandemic, many of us have found ourselves transforming our spare room, garage or other available space into a home office. And, with record numbers of people working from home than ever before,…
What are Business Assets?
There are lots of different types of business assets, but one thing they all have in common is that they help companies to optimise their performance, growth opportunities and production. From cash and stock through to office equipment, buildings and property, business assets are considered as being a resource of value that you own or…
The importance of cash flow forecasting
Cash is king in any business, but it is especially important for small businesses to look after their cash flow. If you don’t keep a tight hold of your cash flow you can quickly run into a catalogue of problems. Why is cash flow forecasting so important? Cash flow forecasting will not only help you…
How much is National Minimum Wage?
On April 1st 2021, the National Minimum Wage (NMW) rates for workers changed. Employers are now required to pay their workers aged 23 and over the National Living Wage, while those 23 and under, as well as apprentices, must be paid at least the National Minimum Wage. These changes have been welcomed by workers of…
What to do about deferred VAT payments – everything you need to know.
Back March 2020, when Covid first locked down the UK, HMRC announced that they would allow business owners to defer VAT payments due between 20 March 2020 and 30 June 2020 to 31 March 2021, helping struggling businesses during the pandemic. This came as welcomed news to many businesses operating across a diverse range of…
Government backed coronavirus loans – everything you need to know
Government backed coronavirus loans – everything you need to know Since the pandemic began wreaking havoc throughout the UK economy, the Government has been working hard to protect businesses across a diverse range of sectors, after many have been forced to close their doors during periods of lockdown. However, many businesses have found it difficult…
Further easing of Covid restrictions confirmed for 12 April – what does this mean for UK businesses?
It was the news we were all waiting for in anticipation. On Monday 5th April 2021, Boris Johnson announced to the nation that further easing of Covid restrictions would go ahead as planned in the roadmap on April 12. But what does this mean for UK businesses? This means that outdoor pubs, shops, gyms, outdoor…
Covid-19 a year on – what does it mean for the economy?
Can you believe that it has been a year since the UK government plunged us all into a nationwide lockdown? A lockdown that seen offices close, shops shut and the nation told to stay home and only leave for essential purposes. During the first few weeks of the pandemic, no one could have ever anticipated…
How much dividend can I take?
Taking dividends is one of the most tax efficient ways to take money from a limited company. But what exactly are dividends and how much can you take? What are dividends? Dividends are the payments made to company shareholders from the business’ profits. So, if the business has made a profit, these earnings can be…
Buying a property through a Limited Company
Whether you’re a contractor, business owner or independent professional operating via a Limited Company, you might have already thought about buying a property through your business. This way of tapping into the property market is not uncommon, however, there are lots advantages and disadvantages of purchasing a property in this way that is certainly worthwhile…
How does a director leave a limited company?
There are many reasons why a director may need to resign from a limited company. In some cases, they may be asked to resign following a dispute with the company’s other directors or shareholders. Alternatively, it may be the director’s own decision. Whatever the reason, there are a number of steps that must be taken…
Adding a director to a limited company
Adding a director to a limited company When you set up a limited company, you will be required to have at least one director, as well as at least one shareholder. However, once the company has been set up, you might find that you want to expand your team of directors, or replace one of…
