Stamp Duty On Share Transfers: What You Need To Know
Stamp duty on share transfers is a tax payable to HMRC when existing shares in a UK company change hands. It applies to the buyer, not the seller, and the […]
Guide to Director’s Loans: Definition and Tax Rules
A ‘director’s loan’ refers to the money a director takes from the company that does not count as salary, dividends, reimbursed expenses, or a repayment of funds they have personally
The Role and Duties of a Company Director
The duties of a director of a UK limited company are set out in law, and they apply from the moment of appointment. Under the Companies Act 2006, every company
Annual Accounts for a UK Limited Company Explained
Annual accounts are the statutory financial statements that every UK limited company must prepare and submit at the end of each financial year. They record your company’s financial performance and
What Information Can You Find Using the Companies House Search Service?
The Companies House search service gives anyone free access to detailed records on every company registered in the United Kingdom. Using this service, you can check the status of a
Can I Form a Limited Company to Purchase Property?
Forming a limited company to purchase property is a common and increasingly popular method used by UK landlords and property investors. A limited company can legally buy, own, and manage
What Are Dividends?
Dividends are payments that a company makes to its shareholders from its profits. When a limited company earns more than it spends, the surplus belongs to the company. The directors
What Is an Entrepreneur?
An entrepreneur is someone who starts and runs their own business. The word originates from the French verb ‘entreprendre’, meaning ‘to undertake’, and, at its core, an entrepreneur is someone
Virtual Office Address – What Is It and Do You Need One?
A virtual office address lets your business use a professional address as its official location even though you are not physically based there. If the address is in a well-known
Limited Company Advantages and Disadvantages – A Complete Guide for UK Business Owners
Running a limited company offers real benefits like protecting your personal assets and saving on tax, but it also comes with extra costs and responsibilities. Getting this decision right from