Running a limited company in the UK means you might need to submit a Company Tax Return and pay Corporation Tax on your profits. Corporation Tax is a tax on the profits made by limited companies and other types of organisations, like members’ clubs or trade associations. Profit is the total income left over after […]
How Do I File My Company Tax Returns and Reduce Corporation Tax Bill? Read More »
Starting and running a limited company in the UK comes with the potential for significant tax savings, and one of the key areas where this can be achieved is through claiming allowable expenses. But what exactly are allowable expenses, and how can they help reduce your corporation tax bill by claiming the right tax relief?
Allowable Expenses for Limited Companies: What Can You Claim? Read More »
Here we go! The age old question. To be, or…When embarking on the path to self-employment, one of the key decisions you’ll need to make is the type of business structure you want to operate under. Two of the most common options are running a limited company or operating through an umbrella company. Each structure
Understanding Limited vs Umbrella Companies: 5 Steps Read More »
If you’re a business owner, you might be considering ways to reduce overhead costs, like rent, by converting part of your home into a commercial space. Many Owner Managed Businesses (OMBs) in the UK are choosing this path. But before you get too far into the renovation plans, there are a few tax implications to
5 Tax Implications for Renovating Your Property for Business Read More »
