Mar 9, 2025 | Uncategorised
In the previous article, we discussed changes for companies where the director is the sole employee. Today, we will look at other situations, including companies that employ more people. Two directors drawing salary If a company has two directors who receive a salary...
Feb 5, 2025 | Uncategorised
The new tax year 2025/2026 brings significant changes that will affect both employers and directors of Limited companies. The new regulations, effective from April 6, 2025, will have a particular impact on companies where the director is the sole employee. In this...
Mar 22, 2021 | COVID-19, Self Employment in UK, Uncategorised
Fourth grant for self-employed will start at the end of April 2021, the exact date will be announced soon. Good news for people who did not quallfied for SEISS so far!!! If you started your seld-employment after March 2019 or you were not entitled to the...
Feb 14, 2021 | Uncategorised
VAT – Flat Rate Scheme What is it? VAT is calculated as a difference between VAT from sales (output VAT) and VAT from purchases (input VAT). Sometimes a person has a refund of VAT, but many times owes Vat to HMRC. Flat Rate Scheme is a set % of VAT that has to be...
Feb 7, 2021 | Limited Companies, Self Employment in UK, Uncategorised
I don’t know how many of you knows anything about trivial benefits. Many times, as an employer, you may think how to reward your hard working employees, give them something extra, some small token and in present climate save on taxes. As an employer you can buy your...
Dec 6, 2020 | Limited Companies, Self Employment in UK, Uncategorised, VAT Returns
What is business entertainment and can we classify it as business expenses? What is classified as a business entertainment in relation to the clients: Food and drink Presents Cinema or theatre tickets Sports events tickets Entries to the clubs One would think that if...
