It’s not unusual to spot mistakes after filing your accounts. Anything from something minor to forgetting to include income or expenses before your accounts were prepared.
Can you pay dividends if your company has made a loss?
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?