We explain the format for filing accounts with Companies House each year – specifically the FRS105 and FRS102 frameworks, which apply to small companies.
Is the cost of my smartphone (or smartwatch) an allowable limited company expense?
Almost everyone has a smartphone these days – typically using them for both personal and business purposes. With this in mind, can you legitimately claim the costs of smart devices against your limited company’s tax bill?
How professional clearance works when switching accountants
If you’ve decided to say goodbye to the old and hello to the new, where should you start when switching accountants, and how does the handover work?
How do I switch from being a sole trader to a limited company?
Many freelancers become sole traders when starting out in business, seeing this as the right option for them at the time. What happens if you want to form a company in the future?
Can I charge my limited company rent for using a room in my home?
If you carry out some of your contract work from home, there are many benefits. There may also be some (small) pitfalls. The line between personal and work space can become blurred, and your utility bills might also start to creep up.
What is the difference between ‘interim’ and ‘final’ dividends?
As a limited company owner, you may have encountered the terms’ interim’ and ‘final’ dividends. But what do these actually mean in practice?
Can you claim the cost of food and meals as a limited company expense?
You can sometimes claim food and meal expenses from your company, but it depends on several factors. Is there a business justification for the claim?