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How Do I Retire from My Own Company?

Like most long-term goals, planning to retire from self-employment takes a bit of time and planning to get right, from sorting out…

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Electric Cars in Limited Companies

A significant number of employers offer company cars to their employees, particularly if their day-to-day job requires them to travel. Over the…

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What Happens if a Director or Shareholder Dies?

If you’re planning to start a business, it’s really important to ensure you cover everything, including all the potential what-ifs. Some situations…

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What’s the Difference Between A Shareholder and A Director?

It’s not unusual for companies to have a shareholder and director who is the same person, but the two roles do have…

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What’s the Most Tax Efficient Director’s Salary in 2023/24?

As a director you’re legally separate from your limited company, even if you’re also the owner. This means that you’re not allowed…

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What Are the Tax Implications of a Director’s Loan Account?

Limited companies are a separate legal entity to the people that own and run them, so there are strict rules around the…

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The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

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