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.

limited company types
Limited Company Guides

What types of limited company are there?

A limited company is a specific type of company registration that offers investors and managers protection from liabilities incurred by the business. This is known as an incorporated structure and means the company has its own identity, responsibilities and rights in law.

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EL cover policy company
Insurance

Does your limited company need Employers’ Liability Insurance?

If you run a business and employ staff, it’s important that you have the right type of insurance in place. Insuring your premises, goods, and vehicles against loss through theft or damage is essential but it’s just as important, and a legal requirement under the Employers’ Liability (Compulsory Insurance) Act 1969, to have employers’ liability

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is my accountant qualified
Tax & Accounting

How do I know if an accountant is qualified?

Choosing an accountant to help you manage your business’ financial affairs is one of the most important decisions you’ll make. The person you eventually go for will not only be privy to a large pool of information about your business’ performance and future viability, but he or she will also be the one you trust

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choose a company name
Limited Company Guides

How to choose a suitable limited company name

Choosing a name for your limited company is a big deal – it is going to be the name that underpins everything you do in your business. It will carry your reputation and guarantee how memorable you are to future customers. It is important, therefore, that it is given plenty of thought. There are also

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£150 hmrc party exemption
Expenses

Staff entertainment – the £150/head expenses exemption

If you provide entertainment benefits to staff, your company may need to pay Class 1A National Insurance of the value of such perks. You will also need to report the value of such benefits on each employee’s annual P11D form. However, there is one exception that you may not know about.

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Dormant Company
Limited Company Guides

What is a Dormant Limited Company?

Unlike active companies, dormant limited companies do not trade at all. Although most enterprises registered with Companies House are processing income and expenditure, dormant companies are just standard limited companies which are  inactive.

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What is companies house
Limited Company Guides

What is the function of Companies House?

Companies House is the government body responsible for administrating company information in the UK. As a company owner, you will interact with the agency when you first form a company, submit accounts or your Confirmation Statement, or make changes to the data stored about your business.

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community interest company
Limited Company Guides

What is a Community Interest Company (CIC)?

A Community Interest Company (CIC) is an enterprise set up to make a profit for the benefit of the community. CICs first appeared in 2005 and were designed to address the lack of non-charitable businesses or community-based companies.

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annual return confirmation statement
Limited Company Guides

Confirmation Statement – what is it, and how do I file one?

The UK tax authorities introduced new regulations on 30th June 2016 which introduced a new piece of paperwork for all businesses registered at Companies House to file. The new annual confirmation statement has replaced the annual return (Companies House form AR01) but does all the same things – just in a simpler way.

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fixed assets capital allowance
Expenses

Capital Allowances and your limited company

When running a company, you may be most concerned with turning a profit or developing your capital, depending on the nature of your business and your priorities. Naturally, there will be taxes to pay and these will be based on both the income and capital elements of your business. How much tax you will pay

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PAYE payroll company
Tax & Accounting

How does a limited company’s payroll work?

When you set up your own limited company, one of the most important things to consider if you also have employees is to set up your company’s payroll – to pay salaries, and account for income tax and NIC liabilities.

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company car expenses
Expenses

Company Car Tax – how does it work?

You may have considered purchasing a car via your own limited company. However, before you go ahead, you should consider the tax implications of using a company car for your own personal use, compared to the option of simply claiming back mileage costs of using your own car whilst on business.

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set up partnership
Limited Company Guides

How to you set up a business ‘partnership’?

You may decide to set up a business with one or more other self-employed individuals. Here, we look at how you can form a partnership, how your new joint venture will be taxed, and how to protect the partners in case things go wrong.

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patent box
Tax & Accounting

What is the Patent Box tax incentive?

In a nutshell, the patent box regime is a corporation tax relief which provides a reduction in the rate of tax (10%) on any income that is earned through the commercial exploitation of a patent. Unfortunately, it is closed to new entrants.

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