Tag: limited company

What are statutory accounts?

When you’re running  a business, there are a number of tax returns, accounts, and other financial obligations you should be aware of. All private limited companies operating within the UK must complete statutory accounts, accurately and on time. Statutory accounts are also known as annual accountants. They are a set of in-depth financial reports that…

A guide to 2020/21 dividend rates in the UK

All limited companies operating throughout the UK, regardless of their size, should be aware of the 2020/21 dividend rates in the UK. This is because, there are a whole host of dividend tax rates that affect how much money you can take from your company in the form of dividends. If you’re struggling to get…

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…

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…

How to start a limited company

  If you’re about to begin a new business venture, setting up a limited company is one of the most tax-efficient and smartest ways to run your company. A limited company is a business structure that has been incorporated at Companies House as a legal ‘person’. But what does this mean? This basically means that…

How much does it cost to close a limited company?

There are various reasons why you might want to close your limited company. But it’s not simply a case of closing the doors, taking down your website, and letting your clients and customers know you’ll no longer be trading. There are also various legal steps you must take if you’ve decided to close your limited…