Limited Company

Automatic Enrolment For Employees

What is Automatic Enrolment for Employees?

Millions of employees are now automatically enrolled in a workplace pension scheme through a government initiative known as automatic enrolment for employees. This initiative was introduced by the government to help people to save for their retirement. Here, your employer also contributes to it. In this blog, you’ll learn what is automatic enrolment for employees,

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Chart of Accounts

What is Chart of Accounts (COA)? A Basic Guide

Tracking the incomings and outgoings of a business can be trouble, but it is crucial to get a deep insight into a business cash flow and to ascertain the financial stability of a business. Chart of Accounts (COA) is the index of all financial accounts to help you perform these tasks effectively. Let’s see: what

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Limited Liability Partnership

What is a Limited Liability Partnership? A Basic Guide

If you want to establish a company, you need to decide what type of company you need to register as per your business needs. Whether you should start a limited company or a limited liability partnership? Or perhaps you want to incorporate another type of company? Let’s see how a limited liability partnership can be

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Buying a car through limited company

Things to Consider when Buying a Car Through Limited Company

Considering buying a car through a limited company? At first, it may seem an appealing idea for saving a great amount of tax, however, there are many complications and business tax implications that you need to be aware of. Buying a car through a business would only be beneficial to you as per your circumstance.

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Limited Company Dividends

What are Limited Company Dividends and How are they Taxed?

Limited company dividends are the amount of money/profit that a limited company pays to its shareholders. The amount of money earned by a limited company is distributed in the form of dividends after paying all the liabilities and expenses, along with the outstanding taxes (like VAT and Corporation Tax). Your company is not liable to

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Micro-Entity Accounts

How to file Micro-Entity Accounts – A Small Guide!

If you are a small business, you can file micro-entity accounts to save your money and time. However, if you are looking for a significant source to know what is micro-entity accounts, your business qualifies as a micro-entity or not, and where to submit your prepared accounts, then you have just found the right source!

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accountant's certificate of confirmation

Everything You Need To Know About Accountant’s Certificate of Confirmation

If you aim to apply for a five-year route settlement in the UK, then this is the guide that you are looking for. But, first, it’s essential to understand the importance of an accountant’s certificate of confirmation for this. As in case you fail to submit it when required, your application will be rejected. This blog will let

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What Is Insolvency

What is Insolvency – A Basic Guide for Beginners!

Businesses face numerous financial challenges in today’s rapidly changing global economy, where nothing is predictable. The Covid-19 pandemic has caused the downfall of the world’s major economies. Due to which several companies have faced insolvency, and some are still fighting to prevent it. So, in this blog, we will see what is insolvency, how to

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How to File a Confirmation Statement

How to File a Confirmation Statement – A Basic Guide for Beginners

Companies House required every limited company to send a confirmation statement (CS) once a year. It is necessary to verify that they contain updated information about your company. It is essential to understand what you are required to do and when because if you fail to send Companies House the confirmation statement, you could be

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shareholders and stakeholders

The Difference Between Shareholders and Stakeholders

Both shareholders and stakeholders are closely interrelated in the business world and are considered alternatives. However, closer insights show that they are not the same. In this blog, you will come to know about the difference between shareholders and stakeholders. Shareholders own shares (equity stocks) in a company and have a personal interest in it.

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how to pay yourself from a limited company

How to Pay Yourself from a Limited Company?

There are a lot of benefits for operating a limited company. From limited liability to various tax benefits attract many people towards a limited company rather than a sole proprietorship. Being a separate entity, the finances of the limited companies belong to the business, not individuals. It means that a person cannot withdraw money from

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self-employed expenses

Tax Allowable Expenses – A Guide to Self-Employed Persons!

Self-employed expenses can be deducted from the business turnover to calculate the overall tax required to pay every year. However, all the business expenses are not allowable. Therefore, as a self-employed person, you must know the cost that can be reclaimed on your tax returns.  In this blog, you will come to know about What

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Outsourced Accountant

What Can Outsourced Accountants Do for Your Limited Company

For any kind of decision-maker, business owner, or company director, it’s common knowledge that overseeing accounts and taxes is an unenjoyable and challenging experience. It’s one of the most complicated business processes you will ever face.   Managing your business’s numbers and adhering to set standards set by the HMRC is frustrating, prone to errors,

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memorandum of association

A Complete Guide to the Memorandum and Articles of Association

If you’re in the process of setting up a limited company, you’d get a plethora of paperwork. Along with other papers, the documents necessary to set up a limited company in the UK under the Companies Act 2006 are a memorandum of association and articles of association. In the first place, knowing and preparing these

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