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 […]
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 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
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
Capital Gains Tax Allowance: What It Is and How It Works
The Capital Gains Tax allowance, also called the Annual Exempt Amount, is the amount of profit you can make from selling or disposing of assets without paying Capital Gains Tax.
Can HMRC Access Your Business Bank Account?
If you are wondering if HMRC can access your business bank account, and if so, under what circumstances, this article is for you. This is a question every company director
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 P60 Form and How to Use It?
In the UK, the P60 Form is a document that is issued by employers to their employees each year. It contains important information relating to the pay and deductions (e.g.
Dividend Allowance in 2025/26: What You Must Know
In the Spring 2025, the Chancellor of the Exchequer, Rachel Reeves, did not make any changes to the dividend tax allowance for the tax year 6th April 2025 to 5th April 2026,
Step-by-Step Guide to Preparing Your Company’s Tax Return in 2025/26
If you own an actively trading limited company in the UK, then it is important to understand your legal obligations to prepare and submit your company’s tax return to HMRC