A limited company can still pay dividends even if it has made a loss in the current year, provided it has sufficient retained profits in its accounts.
What is a P11D, and when does a company director need one?
When running a company for the first time, you’ll come across lots of new teminology. When it comes to payroll, one of these terms may be the ‘P11D’.
What is a director’s loan, and what potential problems should I be aware of?
It is important for company directors to understand the rules and tax implications associated with taking out a Director’s Loan. Guide for contractors.
Have you received a cryptoasset tax ‘nudge’ letter from HMRC?
If you’ve traded cryptoassets for a profit, you might assume that any gains you make are tax-free. However, this is not the case.
Can I transfer any personal assets to my limited company?
When you set up a limited company, you may have assets you want to transfer into it. How do you go about this, and what tax rules should you be aware of?