When your limited company makes a profit, you can choose to pay a percentage of that profit to your shareholders. This is known as a dividend payment and
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Remuneration strategy – Salary vs Dividends
As an owner-manager, your chief concern will be making your business profitable and building up cash reserves in the company. But you’ll also want to be able to
Business tips: Trading in a different country
To successfully set up your export business, you’ll need to do your research. This means talking to your accountant, advisers and other business owners in your network so
Business tips: Have you achieved your goal for the business?
Founding, managing and growing a business is a BIG commitment. For most business owners, it will take years to build a customer following, turn a profit and create
Taking out cash for Directors vs Sole Traders
Every business owner needs to take cash out of the business at some point. But if you’ve just moved from being a sole trader to a limited company,
Have you got a strategy for a financially stress-free holiday period?
Holiday breaks are a chance to recharge for the year ahead especially after the year we have had. We look forward to warmer weather and finally setting up
Business tips: Using forecasting to help your decision-making
Producing regular management information is one way to help improve your business decision-making. But looking at historical numbers can only tell you so much. In business, you want
It’s time to submit your P11D forms
P11D submissions for the 2021/22 tax year are now due, together with payment of any associated National Insurance (NI) that’s due. The P11D form is used to report expenses or
Why are some expenses not allowed for tax?
As a business owner, you’ll be looking for every opportunity to claim back expenses and minimise your tax liability. But not everything that falls under expenses is tax-deductible.
Personal tax planning tips for year-end
1. Maximise free government money Whether it’s your pension, your Lifetime ISA or ensuring you claim tax breaks that you are eligible for, it’s important to get as