Limited Company Help

Are you thinking of setting up a limited company, or are you a seasoned business owner?

Run by an experienced team, our site contains concise guides to everything from company formation to dealing with tax and taking on your first employees. We’ve been operating business advice sites for nearly 20 years.

Try our Company Formation and Tax Guides to get started! You can follow us on Twitter.

inheritance tax IHT
Tax & Accounting

What is Inheritance Tax, and how is it applied?

As the well-known saying puts it, the only two certainties in life are death and taxes, which is definitely where inheritance tax (IHT) comes in. But what exactly is IHT, and is there anything you can do to mitigate the effects of this on an estate?

Read More »
24 month travel expenses
Expenses

What is the 24-month travel expenses rule?

One rule that is highly relevant to a limited company contractors in particular is the 24-month travel expenses rule. At a glance, it all seems pretty straightforward but when it comes to HMRC and allowable expenses, nothing is ever quite that simple.

Read More »
shareholders pre emptive
Limited Company Guides

Limited companies – what are pre-emptive rights?

Pre-emptive rights, also known as rights of pre-emption, means that the current shareholders in a company should always have first refusal on any new shares being issued, whether this arises through the transfer, allotment, or transmission of shares.

Read More »
limited company paternity leave
Business Guides

Paternity leave – what are the rules?

Since the Paternity Pay Act was introduced in 2003, new fathers in the UK have been entitled to apply for between one and two weeks’ time-off work, depending on how long they have been with an employer.

Read More »
number of companies in the UK
Limited Company Guides

How many limited companies are there in the UK?

After sole trader status, the limited company is the most popular business structure in the UK. Here we look at how many there are on the official register, and how the number of incorporated businesses have grown massively over the past decade.

Read More »
small business market research
Business Guides

Is there a market for your new business?

You may have the best idea in the world – a fantastic new product, or a life-changing new service, but for your business to be a success, you need to be sure that there is a real market in place.

Read More »
critical illness insurance company director
Insurance

Critical Illness Insurance – what does it cover?

Running your own small business can be very rewarding but it can also be pretty stressful. One aspect that contractors often worry about is being diagnosed with a serious illness and having to be off work for a lengthy spell. The financial consequences of this can be potentially disastrous, adding to fears for the future,

Read More »
business plan company mistakes
Business Guides

10 business plan mistakes to avoid

There is no single right way to produce a great business plan but there are a few definite things to avoid at all costs. Steer clear of the following ten common mistakes and you’ll increase your chances of convincing potential investors that you really do mean business. 1. It’s not all about you Your personal

Read More »
Write a business plan
Business Guides

How to write a business plan for your limited company

A good business plan sets out what you want to achieve and how you intend to make it happen in clear and simple terms. It doesn’t have to be a hefty document and definitely shouldn’t be long-winded, especially if you’re trying to persuade your bank to fund your enterprise, attract new investors, or motivate staff.

Read More »
expenses membership professional
Expenses

The tax treatment of professional subscriptions

Whether you work as a freelance contractor, director of a limited company or business owner, joining a trade association can help to keep you up to date with what’s going in your industry and be a useful forum for discussing new legislation, finding contacts, or sourcing work. Typically, you’ll have to pay an annual subscription

Read More »
statutory registers company
Limited Company Guides

What are a company’s statutory registers?

All companies must keep up-to-date statutory registers and ensure they are available for inspection on request. Statutory registers include important information about the company such as the names of members and how many shares each one holds.

Read More »