Category: Ltd Company
The Spring Budget 2023
Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. Driving business investment The Chancellor announced a £27 billion ...
Limited Company Expenses Guide – Maximise take home pay and reduce your tax bill
It is vital to understand what expenses can be claimed through your Limited Company in order to reduce your tax bill and keep more of your hard earned cash. Understanding those genuine expenses and those that are pushing your luck ...
What business structure is right for you?
You’ve made the decision to be your own boss, congratulations! But have you decided which business structure is best for you? Here we take a look at some of the options available. Sole Trader Someone that is self-employed and runs ...
Learn about dividends
As a Limited Company owner you’ve probably heard the term dividend banded about. Here we take a look and learn all about dividends. So what is a dividend? The first thing to establish is that salary and dividends are different. ...
What is a Limited Company?
Starting a new business venture is exciting, but choosing the right business structure can be daunting. Here we take a look at the Limited Company option. The main difference between a Sole Trader and Limited Company is that a Limited ...
Top tips for a successful business
2022 saw an increase in the number of new business registered at Companies House. So how do you make your business a success? Here we look at some key tips. Success comes from planning Get yourself a solid business plan ...
Sole Trader Expenses Guide – Reducing your tax bill with allowable expenses
Understanding what expenses can be offset against your income will help you bring down the amount of tax you pay to HMRC, meaning you keeping more of that hard earned cash. Here, we have put together some key expenses that ...
Paying into your pension
When you run your own business it is important to think of the future. When you are employed you have the security of a pension. So what are your options as a Limited Company owner? Here we take a look. ...
BREAKING NEWS – Repeal of IR35 reforms and back track on Corporation Tax
Jeremy Hunt, The Chancellor of the Exchequer, has today scrapped the plans to repeal the Off-payroll IR35 Reforms, which had been announced by Kwasi Kwarteng on 22 September 2022. As part of his ‘Growth Plan’, Kwarteng had set out a ...
MINI BUDGET SEPTEMBER 2022
The mini budget - what it means for contractors Well that was a big U-TURN affecting the contracting industry! The (not so) mini-budget delivered by new Chancellor, Kwasi Kwarteng last Friday, had a lot more in it than anyone expected.Repeal of the ...
How to borrow money from your Limited Company and the associated tax risks
You may find that from time to time you’ll need to borrow money from your Limited Company, so how do you go about doing so, what are the risks and is there anything you need to be aware of? In ...
A freelancer and contractor’s guide to tax planning for 2022/23
Tax planning for 2022/23 To get the most from a Limited Company, it’s worth looking ahead to the coming year and planning accordingly. But what does this mean for contractors, and what do you need to look out for? In ...
The Spring Statement 2022 – what it holds for freelancers and contractors
In this blog our MD, Daniel Mepham, shares his thoughts from the March 2022 Spring Statement. A much anticipated Spring Statement was delivered on March 23rd by Chancellor, Rishi Sunak against a backdrop of war in Ukraine, post pandemic super ...
A Limited Company Contractor’s year-end tax checklist
The current tax year ends 5 April 2022, so now is the time to take stock of any unused allowances in order to reduce your tax bill. In this blog we explore the top ten things to consider to ensure ...
How much tax can you expect to pay with an electric car?
Electric cars have never been so popular, and with the recently announced tax band changes now is the perfect time to consider purchasing one. So what are your options and are there any attractive tax benefits? In this blog we ...
The Budget October 2021
Autumn Budget 2021 The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. Main Budget proposals Tax ...
Treating yourself and staff to a summer social – what you can claim as a business expense
The sun is shining, almost everything is open again and it finally feels like summer, hooray! You’ve worked hard throughout the pandemic and now that we’re all allowed to socialise again, it’s a good time to get out and enjoy ...
What tax will you pay if you’re freelancing on the side?
Whilst the COVID-19 pandemic has caused an unprecedented amount of economical upset across the world, for a few it has given them the opportunity to explore the world of freelancing and what it can offer in terms of a profitable ...
Your options when working inside IR35
April’s IR35 reform isn’t too far away, and now is a good time to start thinking about what you’d do if you were to be found inside IR35 and the possible impact this could have on your take home pay. ...
Should you say no to IR35 contracts?
April’s IR35 legislation changes aren’t too far away, and if you’re faced with a contract that’s inside IR35 what will you do? Will you reject it, challenge it, or take it? How do you know if that’s the right decision? ...
