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How can I reduce Corporation Tax 2022?
You pay a corporation tax rate of 19% on the profits made by your limited company and this is due to increase to up to 25% from 1 April 2023. Profit is defined by HMRC, in the strictest sense, as whatever is left from your revenues after you’ve paid for everything you had to purchase…
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How to reduce Corporation Tax?
You pay a corporation tax rate of 19% on the profits made by your limited company and this is due to increase to up to 25% from 1 April 2023 following the Spring Budget. Profit is defined by HMRC, in the strictest sense, as whatever is left from your revenues after you’ve paid for everything…
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How to close a limited company
Around 10% of businesses close each year for a variety of different reasons. It could be that the owners want to retire, a company is bought out and merged into another, or a business runs into financial difficulty and it can’t meet its creditors’ bills. Unfortunately for directors and shareholders, closing a limited company is…
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How to register as a Sole Trader
Welcome to the next stage of your career – welcome to the world of the self-employed. One of the first things anyone becoming self-employed on their own has to do is to tell HM Revenue and Customs and, in this article, we’ll tell you everything you need to know about how to register as a…
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Everything you need to know about ATED
If your company owns property worth more than £500,000, then the likelihood is that you will be required to pay the Annual Tax on Enveloped Dwellings (‘ATED’) each year on your investment. The decision to tax properties owned by limited companies was an attempt to deter corporate ownership of residential property in the UK and,…
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What is a Sole Trader? Your guide to becoming self-employed and what it means for you
What is a sole trader? There are many different types of business structures available for entrepreneurs to choose from in the UK and is being a sole trader the right business structure for your business?
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How To Setup A Limited Company
For many of the sole traders we work with, they’re keen to know when and how to set up a limited company. Likewise, many new business people we work with want to launch as a limited company straight away. There are a record number of self-employed people in Britain and that’s led to the formation…