Display your company information As stipulated by the Companies (Trading Disclosures) Regulations 2008, company information must be displayed on all paper-based or electronic communications. Company name Your company name must be included on all business letters, promotional materials, emails, order forms, cheques, money orders, bills, invoices and receipts.  You should also spell out ‘limited’ in […]

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Where limited company directors and contractors may have found it hard to secure a mortgage in the past, we have witnessed a shift in the stance of mortgage lenders.  Now many mortgage providers happily lend to limited company directors who can’t provide the ‘traditional’ proof of income sought. Providing proof of income Although mortgage lenders […]

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MAKING TAX DIGITAL TO BE DELAYED? The Treasury Select Committee has reviewed the proposals for the introduction of “Making tax digital” (MTD) and have agreed with the various professional bodies that if the new systems are introduced too quickly there could be a disaster. It would significantly increase burdens on small businesses. In their report […]

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Your limited company travel expenses As an owner of a limited company, travel expense costs will arise from commuting to meetings, conferences, events, or any other business activities. The costs incurred can be paid for by your limited company, or claimed back after the excursion. Eligible travel claims through your Limited Company Travel between your […]

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What services can an accountancy firm provide for your limited company or small business? Are you a limited company considering using qualified accountants to manage your accounts, tax returns, VAT and more; but you are unsure of the services they will provide? Then look no further. This article will provide you with all you need […]

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MORE BAD NEWS FOR PUBLIC SECTOR WORKERS “OFF PAYROLL” In his Autumn Statement the Chancellor announced that the Government will implement significant changes to the taxation of workers providing their services to the public sector through their own company or via an agency. These new measures have now been included in draft clauses to be […]

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In its simplest terms, Companies House is Registrar of Companies in the United Kingdom. It holds information on all limited companies in the UK, overseeing the incorporation and closure of all businesses. About Companies House Launched in 1844, Companies House holds information on over two million operating companies in the United Kingdom alone, with an […]

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If your company has ceased trading for a period of over 3 months, you can begin the process of closing off your limited company, provided that all conditions are met discussed below. There must have been no business carried out by the company during this time You must not have changed your company’s name Your […]

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INCOME TAX NOT CGT ON PROPERTY SALE Finance Act 2016 brought in new rules to ensure that overseas property traders and developers are subject to UK income tax or corporation tax when they dispose of UK properties from 5 July 2016. However the way in which the legislation is drafted may catch some buy-to-let landlords. […]

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A Limited Liability Partnership (LLP), like a limited company, provides its stakeholders with limited liability. However, LLPs are taxed in a similar style to self-employed partners. This business setup is very popular in professional services such as legal and accounting practices. Put simply, an LLP affords the tax versatility of a partnership, but the benefits […]

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