Expert accountancy and bookkeeping services for small Limited Companies

Employment Allowance can be very useful for limited companies with employees. It allows an eligible company to reduce its employer National Insurance bill. For 2026/27, the Employment Allowance is £10,500. This means an eligible company can reduce its employer Class 1 National Insurance by up to £10,500 in the tax year. For some limited company owners, this can make a significant difference to payroll costs and director salary planning. However, the rules are not always strai

Many limited company owners take money from their company using a mixture of salary and dividends. This can be tax efficient, but only if it is done properly. Salary and dividends are not the same thing. They are taxed differently, reported differently, and have different rules. For small limited company owners, understanding the difference is essential. A limited company owner often has two roles If you own and run a limited company, you may have two separate roles. You may

Many small limited company owners ask whether they should pay themselves a salary, dividends, or a mixture of both. The answer depends on your circumstances, but in many cases, paying a salary is still advisable. This is because salary can help protect your National Insurance record, support your State Pension entitlement, reduce company profits for Corporation Tax purposes, and form part of a sensible profit extraction strategy. A limited company is separate from you A limit

Who Needs to Operate a PAYE Scheme? What Small Business Owners Need to Know PAYE stands for Pay As You Earn. It is HMRC’s system for collecting Income Tax and National Insurance from employment income. PAYE is not a separate tax. It is the way employers calculate, deduct, report and pay employment taxes to HMRC through payroll. For small limited company owners, PAYE is especially important because a limited company is a separate legal entity. The money earned by the company b

You’ll no doubt have seen the news of a rise in both employees’ and employers’ National Insurance contributions (NICs). It’s been a...

As an owner-manager, your chief concern will be making your business profitable and building up cash reserves in the company. But you’ll...

The Coronavirus Job Retention Scheme (or the ‘furlough scheme’ as we’ve all come to know it) comes to an end shortly – a loss which could...

Find out about the off-payroll working rules (IR35) for agencies, when the changes to these rules apply and how the changes will affect...