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
It’s an idle chit-chat conversation in the pub with your mates; “What would you do first if you were Prime Minister?”. The usual answers will inevitably come up. “Cure world hunger” or “Broker peace in the Middle East” are some of the more selfless and laudable answers heard. Your wannabe Read more
O frabjous day! Callooh! Callay! He chortled in his joy. ‘Twas brillig. I am willing to bet this is the only time in history that fellow Oxonian, Lewis Carrol’s, famous poem, “Jabberwocky” was used, genuinely, in relation to a decision of Ofcom. This week, Ofcom finally remembered it is a Read more
It’s been a few months now since the Exonia HQ moved to Calgary, Canada from the UK. The move itself went, all things considered, very well – although one of the Practice Principals is still heartbroken that his favourite butter dish was lost in transit. Calgary (for the most part) 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
The most common queries we answer in the telecoms practice here at Exonia seem to be around 999, the UK’s specific emergency services calling number, giving access to the police, fire service, ambulance and coastguard. Everyone forgets the coastguard, including the AA when they branded themselves the UK’s fourth emergency 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
Everyone is all of a sudden very excited about Caller Line Identification, or CLI, at the moment. On October 1st 2018, new General Condition C6.6 comes into force in the UK obliging certain communications networks in the UK to prevent calls from reaching the called party where the CLI doesn’t Read more
Our friends at the Office of Communications have been accused of “flip-flopping” before. Actually, there’s a subtle industry insider pun in that sentence – for the first person to get it, I’ll do 30 minutes of consultancy pro-bono!. In seriousness though, there are some parts of the industry that see the 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
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