Many limited company owners work from home, either regularly or occasionally. But which household expenses can you legitimately claim against your company’s tax bill?
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Read the 10-Step Guide →What is a service address for company directors (and why it matters)
Companies House maintains data about all UK limited companies, including the home addresses of company directors. The 'service address' concept affords privacy to individuals who wish to keep their residential address private. … [more]
Books, magazines and publications – can your limited company pay?
If you buy books, magazines or other publications for your work, your limited company can usually claim the cost, as long as the expenditure genuinely serves and benefits your business. … [more]
Shareholders’ agreements for limited company directors
If you decide to set up a limited company with other people - either for contracting or another type of business - how do you ensure that all of your shareholders are protected in case something goes wrong? A well-drafted shareholders' agreement … [more]
Are accountant fees tax deductible for a limited company?
If you run a limited company, the fees you pay your accountant will usually be a tax-deductible business expense, reducing your taxable profits and the amount of Corporation Tax your company has to pay. … [more]
Can you change your limited company’s accounting year-end?
There are several reasons to change your company’s year-end. You might want to align it with the tax year, use the same year-end across several companies, or move it to a date that better suits the way your business operates. … [more]
What happens to FreeAgent or Xero if you change accountants?
If - like many company directors - your accountant provides FreeAgent or Xero as part of your monthly package, what happens to your account if you decide to change accountants? … [more]
What happens if your limited company accountant makes a mistake?
If your accountant makes a mistake, it can affect some of the most important parts of running your limited company, from annual accounts and Corporation Tax returns to payroll and VAT. … [more]
Limited company expenses: 30+ allowable business costs
As a limited company owner, you can claim a wide range of business expenses, reducing the amount of profit your company pays Corporation Tax on. Here, we look at 30+ common limited company expenses, the main rules you need to follow, and some costs … [more]
What is retained profit in a limited company?
Retained profit is the profit your limited company has built up over time after paying its business costs, taxes and dividends, rather than taking all of the available profits out of the company each year. … [more]
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