Expert accountancy and bookkeeping services for small Limited Companies

Salary and dividends are not the only ways to take value from your limited company. A limited company can provide certain benefits to employees, including directors, without creating an Income Tax or National Insurance charge, as long as the rules are followed. This can be very useful for small business owners because the company may pay for something directly, claim Corporation Tax relief where the cost is allowable, and the director or employee may receive the benefit tax-f

Dividends can be a tax-efficient way to take money from a limited company, but they are not as simple as many business owners think. A dividend must be legal, properly approved, correctly recorded and reported in the right tax year. If it is not handled correctly, it can create problems with HMRC, Companies House records, director’s loan accounts and personal tax returns. In this guide, we explain: what a dividend is; the difference between interim and final dividends; who ca

A Guide for Limited Company Directors Working From Home If you run your limited company from home, you may be able to claim some of the costs of using your home for business. However, this does not mean you can simply put part of your mortgage, rent or household bills through the company. There are three main options available to directors: HMRC’s approved homeworking allowance Reimbursement of actual additional household costs Charging your company rent under a non-exclusive

Discover practical ways limited company owners can extract profits tax-efficiently in 2026–27, including salary, dividends, pensions, benefits and director’s loans. From 6 April 2026, taking profits from a limited company became more expensive for many business owners. Dividend tax rates have increased, while employer National Insurance remains a significant cost for companies paying salaries. This means the old approach of simply taking a small salary and withdrawing the res

If you provide benefits or pay certain expenses for your employees, there is a good chance you have a P11D reporting obligation. Every year, thousands of employers miss P11D deadlines, submit incorrect forms or forget about the additional National Insurance charge that comes with employee benefits. These mistakes can lead to unnecessary penalties, interest charges and compliance problems with HMRC. With filing deadlines approaching and major changes coming in 2027, it is impo

One of the most common questions new business owners ask is: “Do I need to register for VAT?” And it’s a fair question. VAT registration can create valuable opportunities for some businesses, but for others it can add unnecessary admin and increase prices for customers. The right decision depends on your turnover, customers, industry, and future plans. In this guide, we break down when VAT registration is compulsory, when voluntary registration may make sense, and the key thi

A locum doctor has lost a tax tribunal appeal after HMRC successfully challenged more than £160,000 of travel and subsistence claims that included what the tribunal described as impossible working patterns and excessive mileage. The case, Mr Nwaneri v HMRC, is another reminder that claiming travel expenses without proper evidence can quickly become very expensive. What happened? Mr Nwaneri worked as a full-time locum doctor in the UK from around 2010. Until 2017-18, his Self

For many business owners, working from home has become a normal part of running a company. Spare bedrooms have become offices, garages have been converted into workspaces, and garden rooms have evolved into fully fitted offices. But while a home office can improve productivity and reduce overheads, it can also raise important tax questions. Can your company pay for a home office conversion? Can you charge rent to your company? Can you claim tax relief on a garden office? And

There is a common pattern among business owners. Many will pay for certain costs personally, even when those same costs could be paid through the company in a tax-efficient way. One of the clearest examples of this is medical assessments. A lot of directors either do not know this benefit exists or assume it would be treated as a taxable perk. In reality, it is one of the simplest and most straightforward tax-free benefits available, provided the rules are followed properly.

If you run your company from home, there are two main ways your company can pay you for using your home. Option 1 — Company pays you for part of the household bills This is the most common and easiest way . Your company can pay you a small amount to cover the extra costs of working from home, such as: electricity heating internet general running costs You have two choices here: A. Flat rate The company can pay you £6 per week without needing detailed calculations. B. Actual