Limited companies
The legal and taxation regime for limited companies continues to change. The main rate of corporation tax commencing 1 April 2012 is 24%, while the small profits rate is 20%.
The tax system for companies
Details of corporation tax and company tax returns. Read more
Associated company tax rules
If two or more companies are controlled by the same person or by 'connected persons' (such as... Read more
Tax and the company car
Details of how the tax system works with company cars. Read more
Company bonus or dividend?
In many small companies, the owners are also the directors, and this gives considerable scope... Read more
Entrepreneurs' relief
The relief is intended to produce a net tax rate of 10% on the disposal, although for those... Read more
Tax saving strategies
Expenditure incurred before the company year end might reduce the current year's tax liability... Read more
Claiming expenses - it's all or nothing
The rules which determine what expenses can be deducted from profit for tax purposes are... Read more
Benefits in kind and expenses payments
Benefits in kind are assessed on all directors and employees whose salary and benefits... Read more
Corporation tax
Details of corporation tax rates and bands. Read more
Penalties for late returns
Make sure you do not become liable to any of these penalties. Read more
Main capital allowances
A summary of the main allowances available. Read more
Industrial buildings allowance
Capital allowances for the construction costs of industrial buildings or structures fall under... Read more
Interest and tax payments
HM Revenue & Customs charges interest on underpayments of tax, and pays interest (... Read more
Business deductions
In order to attract a deduction in computing the profits of a trade or business any expenses... Read more
Companies Act 2006
The Companies Act comprises approximately 1,300 sections and introduces new legislation which... Read more
Companies House - forms you need to know about
There are over 100 forms prescribed by the Companies Act 2006. We list below the main forms... Read more
Should you form a limited company?
We are often asked, 'Should I form a limited company?' The reality is that there is no easy... Read more
Buying a company 'off the shelf'
If time is an important factor, you can consider buying a ready-made company. The exact... Read more
The law and directors' responsibilities
Who is a director? What are their legal responsibilities? Read more
Statutory records
It is essential that you keep your company's statutory records up-to-date. Do not... Read more
The company secretary
The position of company secretary in a private company is now optional. Thus a company can... Read more
Essential record keeping
Suggestions on how to reduce the time taken in accounts preparation. Read more
Getting the company struck off
A private company (not subject to insolvency proceedings) can apply to the Registrar of... Read more
Could your business survive without you?
As accountants and business advisers we get to know our clients very well. From our position,... Read more
'Green' travel arrangements
There are a number of schemes intended to encourage employers to make arrangements for their... Read more
