Author: thebosslch

How to choose the right director’s salary for 2025/26

We explain how to work out the right salary level for limited company directors for 2025/26. Do you even have to pay directors a salary at all?

How to take money out of a limited company

If you own a limited company, you generate income for the business. So, how can you take money out of the company legally, and tax-efficiently?

Private medical insurance for limited company owners: is it worth it?

What exactly does health insurance cover, and should you pay for it yourself or via your limited company?

Details you must include on limited company invoices

Creating invoices is a key task for limited company owners. If your invoices lack certain details, this could cause a delay in receiving payment.

Forming a company – what is the meaning of ‘limited liability’?

In what sense do any shareholders and directors have limited liability should things go wrong with the business? What does this mean in reality?

Can I use my personal bank account for business?

Whether or not you need a separate business bank account depends entirely on whether you are going into business as a sole trader, or setting up a limited company.

Employment Allowance guide for company directors

The Employment Allowance could be worth up to £10,500 each year against your limited company’s Employers’ National Insurance bill.

SIPPs – take control of your pension – guide for directors

A SIPP lets you take control of your pension investments, while also benefitting from tax relief. Guide for limited company directors.

Limited company owners – how do HMRC tax codes work?

In this guide, we explain what tax codes are, why they might change, and what to do if you think your tax code is incorrect.

How are limited companies and company directors taxed?

All companies pay tax on their profits. Directors also pay tax on dividends and other income they receive. We also explore VAT and National Insurance.

What is National Insurance, and what are Class 1 NICs?

How Class 1 National Iinsurance Contributions are paid on director and employee salaries. Includes the current rates and thresholds.

IR35 explained: does it affect your limited company?

IR35 has been a thorn in the side of limited companies who provide professional services since April 2000. What is IR35, and what are the Off Payroll rules?