From the 2025/26 tax year onwards, directors and shareholders of many small limited companies face new reporting requirements when completing their Self-Assessment tax returns.
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Read the 10-Step Guide →How to avoid unlawful (illegal) dividends as a company director
In most cases, extracting profits from a company by distributing dividends to shareholders is a straightforward process. But what happens if you mistakenly declare dividends which are greater than the value of the company's available … [more]
Benefits in kind 2025/26: from health insurance to cars, how the tax works
If you receive services or perks from your company on top of your salary, they may count as benefits in kind and be taxable. This guide explains how common benefits are taxed, what your company must report, and the mistakes directors often make. … [more]
BADR (Business Asset Disposal Relief) for company directors
If you are closing down your limited company — due to retirement, a career change, or the impact of the Off-Payroll (IR35) rules — you may be able to reduce the tax you pay on the funds you extract. This is where Business Asset Disposal Relief (BADR) … [more]
Closing a company with an MVL – still a tax-efficient option in 2025?
If you've decided to close your limited company, a members' voluntary liquidation is the most tax-efficient way to do it. Here we explain what an MVL is and how the process works. … [more]
How to successfully use LinkedIn in today’s contract job market
LinkedIn is where clients and agencies look first when they want contract talent. If your profile is thin, dated or inconsistent, you are far less likely to make the first shortlist. … [more]
Self Assessment tax return guide for contractors and company directors
If you’re self-employed, run your own company, or have other income that HMRC needs to know about, you’ll need to complete a Self Assessment tax return each year. … [more]
Shutting down your company – cessation accounts
There may come a time when you decide that you no longer need your limited company. Here, a leading accountant explains the procedures you must follow when shutting down your business. … [more]
How long should you keep your tax and accounting records for?
If you’re contracting through a limited company, using an umbrella, or trading as a freelancer, you must maintain accurate financial records. The rules on how long you must keep them vary according to the tax. … [more]
Government confirms employment status consultation by end of 2025
The government will launch a consultation on employment status by the end of 2025. Experts say it could be a significant step for millions of self-employed workers, with the outcome carrying significant tax implications. … [more]
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