Starting a limited company is exciting — but the accounting rules in the first year can catch new directors by surprise. One of the most common issues is that you may need to file 2 Corporation Tax returns in the first year. Here’s why it happens and what you need to do. Why 2 Corporation […]
Category Archives: Start up
11
Sep
Sep
When you set up a limited company, one of the first filing obligations you’ll face is preparing your annual accounts. But many new directors are surprised to find that their first Limited Company Accounts usually cover more than 12 months. Here’s why — and what it means for you. Why Are First Limited Company Accounts […]
Hiring an accountant can save you time, money, and stress, but lots of you ask ‘How Much Should I Pay for a Good Accountant? The cost of an accountant varies depending on factors such as the complexity of your finances, the level of service you need, and the accountant’s experience. How much should I pay […]
While hiring an accountant is an added expense, it can save you time and reduce the risk of costly errors or penalties. An accountant can also help identify tax-saving opportunities and ensure compliance with HMRC regulations. But is hiring an Accountant worth it? If you’re unsure about Self-Assessment or need expert guidance, consulting an accountant […]
As a Company Director, maintaining proper records is crucial for compliance and financial clarity. Keeping accurate records ensures you meet legal requirements and helps in decision-making. Read on to find out what records you need to keep for your Limited Company Records You Need to Keep for Your Limited Company Financial Records You must keep […]
We often advise clients, like you, on the best ways to manage their finances within a limited company structure. One of the key considerations for you, as business owners, is how to extract profits from your company efficiently. One way to do this is by taking Dividends from your Limited Company Taking Dividends from your […]
As a director of a limited company, you may wonder how best to access funds for personal use. It’s a common query among business owners who want to balance their company’s financial health with their personal needs. Fortunately, there are several methods available for extracting funds from your limited company, each with its own implications […]
19
Aug
Aug
Choosing a name for your limited company is a crucial step in establishing your business identity. Your company name plays a significant role in shaping your brand and how customers perceive you. It’s essential to select a name that reflects your company’s values, vision, and the products or services you offer. Choosing a Name for […]
12
Aug
Aug
Setting up a limited company can be a smart move for your business, providing legal protection and tax benefits. Here’s an overview of the process involved. Setting up a Limited Company Choose a Company Name Select a name that is unique and not already in use by another registered company. Ensure it complies with legal […]
29
Jul
Jul
Partnership accounts are not a legal requirement but are still crucial for businesses run by more than 1 person. In this post, we’ll look at the basics of partnership accounting. Partnership Accounts Essentially, partnership accounts involve recording financial transactions and preparing financial statements for businesses owned by two or more partners. These transactions include: revenue, […]