Once your new business is up and running, and revenues are finally coming in, you’ll quite rightly be considering how best to extract your well-earned cash! There are three main ways – salary, dividends, and director’s loan – which I’ll discuss below. SALARYAs director, you can pay yourself a salary Read more…
Fraud We’ve all heard about identify theft and associated fraud in our personal lives, with thieves hijacking your identity to take out loans and masquerading as someone else to commit nefarious deeds. Not only can it happen to people, but to businesses too. Obviously, a corporate credit card can be Read more…
One of the most common company secretarial tasks we perform (other than the background noise of confirmation statements and dividend vouchers and updating director details) is filing the paperwork with Companies House to do a share split. Many of our clients formed their companies with one share of one pound, Read more…
One of the most common questions we are asked by our clients is what VAT scheme should we be on (or which is most tax efficient). Of course, that depends on individual circumstances, but here’s a rough guide to the schemes available. Accrual VAT This is the common-or-garden VAT scheme. Read more…