Limited Company vs Sole Trader – The Power of Retained Profits Deciding whether to run your business as a sole trader (self employed) or a limited company can be a difficult decision because there are so many factors to consider – both tax and non-tax.  In this article we are going to focus on just… Read More

Limited company directors and working from home If you are running a limited company from a commercial office space, any costs you incur such as rent, business rates, utilities, insurances and service charges will usually be allowable costs for your company which reduce the business profit and therefore reduce the corporation tax. However, what about… Read More

Optimum Director Salary and Dividends 2020/21 – Limited Company Directors When you are working through your own limited company one of the key items on your tax planning should be ensuring that you are paying yourself the optimum level of salary and dividends. The advice in this article is geared towards limited company freelancers, contractors… Read More

IR35 Changes 2021 – April 2021 private sector IR35 update   IMPORTANT UPDATE 18 MARCH 2020: The government have now announced that the IR35 changes to the private sector that were due to come in April 2020 will now be put back one year and will come into effect from April 2021. The below article… Read More

How is corporation tax calculated? Corporation tax for small business explained! When you trade as a limited company, your company will pay corporation tax based on the level of profits it makes. In this guide we explain the basics of corporation tax including how it is calculated and when to pay your corporation tax. We… Read More