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In April 2016, a new ‘dividend allowance’ was created – a nil-rate tax band on the first £5,000 of dividend income. This allowance threshold was short-lived, however, and was cut to £2,000 from April 2018.
If you provide professional personal services to clients, you will almost certainly have heard of PI insurance and may have been asked what level of cover you have by a potential client before being awarded a contract. But what exactly is professional indemnity insurance, what does it insure you against, and do you really need
One of the most frequently asked questions by new business owners is – how are limited companies taxed?
There are many types of expenditure you will incur whilst running a limited company, however which expenses can you legitimately claim against your company’s tax bill?
Introduced in 2015, the Marriage Allowance enables an individual to transfer a portion of their personal allowance to their spouse or civil partner. If you are eligible, you can claim £238 during the 2018/19 tax year.
If you want to sell your company at some time in the future, how do you know what it is worth? Even if you don’t use ‘traditional valuation methods’ when conducting a sale, it is vital to be able to demonstrate to a would-be buyer that you have an accurate and robust knowledge of all
A registered office is the official address of a limited company and having one is a legal requirement for any incorporated business trading in the UK.
Whether you have recently set up a limited company or you have been managing your finances independently until now, hiring an accountant may be the best thing you do during the early days of running your business.
A statement of capital is an official form which gives details of a company’s issued shares and their status at a specific date. It’s part of the documentation that has to be completed during the company incorporation process.
You are assigned a tax code by HMRC so the correct amount of tax can be deducted from your earnings by your employer. Tax codes are typically issued between January and March each year, but at other times as well if there’s a change in your circumstances.
