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.

expenses membership professional
Limited Company 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 »
company hardware software expenses
Limited Company Expenses

Tax treatment of company hardware and software expenses

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

Read More »
what does limited liability mean
Limited Company Guides

What does limited liability mean?

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

Read More »
flexible working rules
Legal

What is ‘flexible working’, and what should company owners do?

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

Read More »
trademark limited company
Legal

What are trade marks? A guide for company owners

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,

Read More »
what is venture capital
Limited Company Finance

What is venture capital? A concise guide

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?

Read More »
cgt capital gains
Limited Company Tax

How capital gains tax works

Capital Gains Tax (CGT) is pretty easy to understand: it’s the tax you have to pay when you sell an asset that has grown in value. You will only pay CGT on any profit you made from the sale and not on the overall sum you received.

Read More »
sack employee
Legal

Steps to take if you need to dismiss an employee

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

Read More »
Companies Act 2006
Legal

What is the Companies Act 2006?

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

Read More »
choose web host
Starting Up

How to find a good hosting provider for your website

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

Read More »
medical expenses limited company
Limited Company Expenses

The tax treatment of medical and health expenses

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.

Read More »
limited company shares
Limited Company Guides

What is share capital, and what types of share can be issued?

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.

Read More »
limited company broadband phone expenses
Limited Company Expenses

How are broadband and phone expenses treated?

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?

Read More »
ltd company advantages
Limited Company Guides

What advantages does a limited company offer?

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.

Read More »
shareholder agreement company
Limited Company Guides

What is a shareholders’ agreement?

A shareholders’ agreement is a private document which outlines how a limited company is to be run. It is designed to protect all parties, particularly minority shareholders, and to restrain the power of the directors.

Read More »
accurate records company
Limited Company Accountants

Limited company accounts – keeping accurate records

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.

Read More »
company expenses clothing
Limited Company Expenses

Can you claim the cost of work clothes on expenses?

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

Read More »