Director Salary vs Dividends: What Should You Consider?

Director Salary vs Dividends: What Should You Consider?

For most owner-managed companies, the answer is not to choose salary or dividends in isolation. It is to look at both together and decide what mix fits your company’s profits, cash flow, compliance position and your personal tax needs. That is the real heart of...
Corporation Tax and Business Expenses: What Should You Review?

Corporation Tax and Business Expenses: What Should You Review?

Getting corporation tax allowable expenses right matters because every item you claim affects your taxable profit. The review should focus on three core questions: was the cost incurred for the business, is it revenue rather than capital in nature and is it one of the...
How Can an Accountant Help With Corporation Tax?

How Can an Accountant Help With Corporation Tax?

If you run a limited company, a corporation tax accountant can help by preparing your Company Tax Return, calculating what needs to be included, coordinating the supporting accounts and tax computations and making sure filing and payment deadlines are not missed. In...
Corporation Tax Returns: A Guide for Limited Companies

Corporation Tax Returns: A Guide for Limited Companies

For most UK limited companies, corporation tax returns are not optional admin to deal with when there is time. They are a core compliance duty. After the end of your financial year, a private limited company must prepare annual accounts and a Company Tax Return, which...