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.
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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?
Going self-employed as a sole trader, or setting up your own limited company are the two most popular ways to start up a new business. However, there are significant differences between these two types of business structure which you can compare here.
If you own or work for a small limited company you can get life insurance cover without having to pay over the odds while also benefitting from tax relief. This is where relevant life insurance comes in.
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.
Sending out invoices for the goods or services you provide is a key task for limited company owners. If your invoices lack certain details, this could cause a delay in receiving payment, possibly resulting in cash-flow problems.
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.
Businesses of all shapes and sizes in the UK are affected by the Bribery Act and company directors need to be aware of what they should do to ensure their full compliance with the rules.
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.
Jury service is seen as an important civic duty in the UK and is a key feature of our legal system. With few exceptions, anyone between the ages of 18 and 70 who is living in the UK and on the electoral register can be selected at random for jury service.
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,
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
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.
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