Category: News

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…

How much is it to set up a limited company?

How much is it to set up a limited company? A record number of businesses have been set up during Covid-19, with more people than ever before make their dream of launching a business and doing what they love a reality. According to analysis conducted by the Centre for Entrepreneurs, 500,000 companies were launched in…

The new Brexit VAT rules

The new Brexit VAT rules It’s highly likely that you’ve heard about the new Brexit VAT rules for imports and exports, which came into force on January 1st. But, if you haven’t, you’ve certainly landed in the right place. We have created a helpful guide outlining everything that you need to know. This new model for…

Your guide to self-assessment tax return

Your guide to self-assessment If you find the thought of filing your self-assessment tax return form a daunting prospect, you’re certainly not alone! It’s a common misconception that filling out your self assessment form is a complex process when in fact, if you are organised, prepared and understand what you need, the process can be…

Furlough Scheme Extended in Response to Latest Lockdown

Furlough Scheme Extended in Response to Latest Lockdown As England and Scotland return to a full lockdown, the Furlough Scheme has once again been extended in order to support businesses and employees who are unable to work as a result of the restrictions.   The scheme was originally due to end at the end of…

How to get your accounts in order for the New Year

We are fast approaching the end of the year and I think for the vast majority of us, we will all be pleased to see the back of 2020, right? And as we look ahead to a new year, now is the perfect time to start thinking about getting your accounts in order for a…

What is a dividend?

What is a dividend? | 4 minute read Many people have heard of the term “dividend”, however not everyone understands what a dividend is or how it works. In simple terms, a dividend is a sum of money that a limited company pays out to someone who owns shares in the company. It is a…

Covid 19 – What is happening to the furlough scheme?

The UK Government’s furlough scheme was first introduced in March 2020, in a bid to prevent mass redundancies as Coronavirus gripped the UK. Subsidising the wages of people who can’t do their jobs due to Covid-19 restrictions, or due to the fact that there simply isn’t enough work available, the furlough scheme has already been…

What are the latest changes to Coronavirus support for businesses?

  What are the latest changes to Coronavirus support for businesses? | 4 minute read Covid-19 has had a significant impact on the world’s economy and has forced many businesses to have to shut their doors to the public. And, with a second wave of the virus just getting started, businesses and employees have been…

How to keep your business finances in order

How to keep your business finances in order Running any businesses is challenging, and you’ll often find that keeping on top of your business finances can often take a back seat. After all, when your busy doing what you love and running your business, it’s easy to see how day to day bookkeeping can be…

Our guide to VAT

Our guide to VAT Here’s our VAT guide to everything you need to know about VAT for  your business. What is VAT? VAT stands for Value Added Tax. This tax is applied to the sale of goods or services by companies who are registered in the UK. When a sale is made, the company adds…