Hiring Your First Employee: What Must a Company Do?
Hiring your first employee brings with it a new set of legal obligations that do not apply when a business is run solely by its director or directors. From registering
What Is a Company Formation Agent: Role and Services
A company formation agent is a business that handles the registration of limited companies and other legal entities on behalf of clients. Formation agents prepare the required documentation, manage the
How to Pay Yourself a Salary or Dividends as a Director of Your Own Limited Company
As a director of your own limited company in the UK, you can pay yourself through salary, dividends, or a combination of both. This is important because how to take
A Guide to Self Assessment for Limited Company Owners and Directors
‘Self assessment’ is the system HMRC uses to collect income tax from individuals whose income is not fully taxed at source (i.e. those who are self-employed). For directors and shareholders
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
Company Director Pension Contributions – A Simple Guide
As specialists in UK company formation, we frequently see that retirement planning falls well down the priority list for limited company directors. You may be surprised to know that company
Trivial Benefits Explained for Limited Company Directors
The term ‘trivial benefits’ is used by HMRC to describe certain small rewards received by employees and company directors that are exempt from tax and national insurance. If you give
What is a Director Service Address?
Director service addresses provide a secure and reliable location where statutory correspondence can be sent by an official body (e.g. by HMRC or Companies House), and received and actioned by
Who is a Company Director?
A Company Director is a person who is responsible for making key decisions, setting objectives and ensuring that a company adheres to its legal duties and obligations. Company Directors assume