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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Late payments can cause small businesses a serious cash flow headache and in some cases, lead to the company going out of business altogether. Recent research showed that by the end of 2014, SMEs in the UK were owed some £39bn collectively and in a recent poll of 1,100 businesses carried out by YouGov, 85%
One of the difficulties you can face when trying to raise finance for your business is knowing which type of product to choose. Ideally, you want a funding package that fits your business and gives you the level of finance you’re comfortable with servicing. Of all the funding solutions on the market today, asset finance
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
Computer hardware and software are two essential expenses for any modern business and costs can run into the thousands, but what can you legitimately claim for on your annual tax return? This type of business expense can often be a tricky area for contractors and freelancers, especially if you are installing new software or using
In the UK, there are four main types of limited liability companies: Private limited companies limited by shares, private limited companies limited by guarantee, private unlimited companies, and public limited companies. Sole trader and general partnerships aren’t companies as such as neither is a legal entity. Another business structure is a limited liability partnership, which
Since it became law in June 2014 under the Children and Families Act, employees have had the statutory right to request flexible working once they have completed 26 weeks of continuous employment. Previously, employees could request flexible working to look after dependents, such as children, but this is no longer a requirement and now any
A trade mark is a way of clearly identifying your brand while also legally protecting the trade mark from being used or copied by a rival company to promote their own goods or services. Some trade marks, such as Coca Cola, Apple, Nike etc., are recognised around the globe and have achieved almost iconic status,
You may have considered a range of funding options to help grow your start-up, one of them being venture capital. But what exactly is venture capital, how do you access it, what are the pros and cons of going down this particular route, and is it even suitable for your type of business?
One area that can cause employers a great deal of anxiety is knowing what to do when they need to dismiss an employee. Employment Law on dismissing staff applies across the board for all companies in the UK, but whereas large organisations have HR departments who are up to speed on disciplinary procedures, small business
The Companies Act 2006 is a complex piece of legislation that took eight years of lengthy consultation before agreement could be reached on the final provisions. The new Act, which became law in October 2009 and contains more than 1,300 sections, replaces the 1985 Act. It aims to modernise company law, simplify legislation, enhance the
Choosing the best hosting provider for your website can often seem a complex and at times, confusing process. If you’re tech savvy, great. If not, how do you know which provider or server to go for when there are so many options? What’s the difference between dedicated, shared and hybrid servers and what are the
A cashflow forecast will enable your company to predict its future financial health. By capturing expected expenditure alongside predicted sales, this tool can provide a guide to your company’s cash fluidity over the coming weeks or months.
As a limited company owner, there are a number of expenses you can legitimately claim back from the business without being hit for tax. Many of these are easy to identify but one grey area is medical and health-related expenses, as some of these are considered as a benefit in kind (BIK) and deemed taxable.
In order to get a business off the ground, it’s vital to have some cash to get the enterprise going and give it some momentum. That’s where shareholders come in: by paying cash up front in return for a portion of ownership, they hope for a future higher value of the shares they now own.
They are two of the most common business-related costs, but how are broadband and phone expenses treated by HMRC, and how can you make sure they remain tax-deductible as a legitimate business cost and not be added to your personal tax bill at the end of the financial year?
Since the introduction of new rules in April 2016, employers can now provide so-called ‘trivial benefits’ to employees without having to declare these to HMRC. But what exactly are trivial benefits and is there a limit to how much they can cost before being considered a taxable benefit?
If you’re starting up a business for the first time, you can choose which business structure most suits your needs. A limited company offers liability protection for its directors and is usually most tax efficient route to take. Here we look at the advantages (and disadvantages) offered by incorporating.
Record keeping is vital for every incorporated business. If you do not keep the right records for the correct length of time, HMRC can fine your company £3,000 or disqualify its directors for up to 15 years. Even if these penalties only apply in extreme cases, they illustrate the importance of the task.
Regardless which sector or industry you work in, everybody has version of a ‘work wardrobe’, whether this is a version of their everyday look, a set of uniforms, personal protective equipment or a selection of suits or smart attire. If you are a limited company director, or sole trader, can you claim work clothes as