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
How to Register for VAT
Value Added Tax (VAT) is charged in the United Kingdom on a wide range of goods and services, and VAT-registered businesses must pay it to HMRC. Not every business is
Step-by-Step Guide to Preparing Your Company’s Tax Return
If you own an actively trading limited company in the UK, you have a legal duty to prepare and submit your company’s tax return to HMRC each year. Getting it
Guide to Business Tax in the UK
Tax does not get simpler the more you earn, but it does get considerably easier to manage once you know what you are dealing with. This article runs through the
Everything You Need To Know About Corporation Tax In The UK
Corporation tax is one of the most significant financial obligations facing any UK limited company. Every company that trades or generates profit must deal with it, and getting to grips
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
What Is VAT and How Does It Work?
‘Value Added Tax’, better known as VAT, is a form of tax charged on the sale of most (but not all) goods and services. Understanding what VAT is and how
Guide to Late Filing Penalties for UK Limited Companies
Late filing penalties for UK limited companies affect thousands of businesses every year. Between 2024 and 2025, Companies House issued 317,985 penalties for late filing of accounts, with total fines
What Are The Annual Filing Requirements For UK Limited Companies?
As a registered limited company owner/director you must meet the annual filing requirements for both Companies House and HMRC, even if your company is small, inactive, or dormant. Even if
What Records Must a Limited Company Keep?
Running a limited company in the UK comes with a range of legal and administrative responsibilities. One of the most important is keeping up-to-date statutory records. Company law and HMRC