Limited Companies
Engaging an accountant can provide invaluable support for established limited companies, helping directors to ensure financial stability, statutory compliance and efficient business operations.
Our hub is home to a wealth of guidance and advice covering all aspects of running a successful company, whether it is how to produce an effective business plan, dealing with all corporation tax matters, to highlighting any tax saving opportunities for directors and their businesses.
We've got you covered
How to know if you need to register for VAT
Unsure if you need to register for VAT? Learn the key thresholds, rules, and steps to determine if VAT registration is required for your business.
Find out moreTax relief on donations to charity
Donating to charity helps you support causes most important to you. It can also mean you make tax savings and using gift aid can mean the charity receives more money from your donation.
Find out moreWhat are the most cost-effective ways to purchase equipment for your b...
Looking to purchase equipment for your business? You have several options. This guide outlines what you need to consider.
Find out moreNew Companies House ID check to crack down on fraud
Companies House has released timescales for the introduction of “a new identity verification process to help deter those wishing to use companies for illegal purposes.”
Find out moreLarge businesses told to include payment reporting in their annual rep...
With the late payment of invoices having such a significant impact on small businesses, the Government is introducing a Fair Payment Code later this year to crackdown on late payments.
Find out moreEight ways to fund your small business
Finding funding can be one of the biggest challenges business owners face. In this article, we outline eight key types of finance that can be used to start and grow a business.
Find out moreTop challenges for business owners and tips to help overcome them
Business owners can face various challenges while trying to grow their business. Chasing late payments, managing deadlines and ensuring a healthy work/life balance are only some of the many plates bus...
Find out moreHow to pay yourself from your business
Every year when the personal allowance and the tax bands change, one of the biggest decisions you face, if you run a limited company, is how much and how to pay yourself from your business (dividends...
Find out moreEmployment Allowance – What is it and are you eligible?
The Employment Allowance is a valuable relief provided to eligible businesses in the UK. It enables them to reduce their annual National Insurance (NI) bill by up to £5,000 for the tax year.
Find out moreMaximising allowable expenses for limited companies
As a limited company owner, understanding, claiming and managing your allowable business expenses helps your business run efficiently and pay the right amount of tax.
Find out moreHow to write a business plan
A well-crafted business plan provides a roadmap to entrepreneurial success. Read our guide to writing a plan that meets your strategic and operational goals.
Find out moreDo you need an accountant? Here’s what you need to know
An accountant is more than someone who submits your tax return. Accountants can also be business advisers, tax planners, bookkeeping support and payroll preparers.
Find out moreSoft skills for hard results: A business owner’s guide
Soft skills, such as effective communication, decision making and people management, are an important factor in business success. Read this guide for advice on how founders can develop them.
Find out moreHow to reduce the impact of the April tax increases
At the start of a new tax year, it is critical to be aware of the tax changes being introduced from April 2024, so you can prepare your business and personal finances for the months ahead. We have put...
Find out moreUnderstanding an overdrawn director’s loan account
Managing the financial health of a limited company involves many responsibilities, including maintaining a balanced director’s loan account.
Find out moreHow to set up your own limited company
A limited company is a type of business entity. It is designed to be legally separate from its owners, who are known as shareholders in a limited company.
Find out moreHow small businesses can deal with late payments
Late payments from customers are a frustrating obstacle to managing your business’ cash flow. Read our guide to the steps you can take to deal with overdue invoices.
Find out moreThe top metrics every business should track in 2024
Running a successful business demands sharp focus and data driven decisions. While intuition plays a role, tracking key metrics empowers you to make informed choices and unlock your business' true pot...
Find out moreChanges at Companies House – what this means for you
The changes to the Economic Crime and Corporate Transparency Act (ECCTA) received royal assent on 26th October 2023. Companies House is “aiming to introduce some of these changes on 4th March 2024… th...
Find out moreSole trader or limited company – which structure is best for my busine...
Choosing a legal structure is one of the most important decisions for a new business owner, and understanding the options can be challenging.
Find out moreWhat you need to know about associated companies
From 1st April 2023, new associated company rules were introduced, replacing the old rules. We look at what has changed.
Find out moreKey dates limited companies need to know
Staying on top of key dates will ensure you stay on track, meet deadlines and avoid paying penalties and interest. We list the key dates sole traders need to be aware of in this concise guide.
Find out moreFive questions you should ask your accountant
As a business owner you want your business to be a success and so should your accountant. The relationship with your accountant is important. They are offering a service and you should be satisfied th...
Find out moreHow to protect your business
In this guide, we look at financial health, legal protection, cyber security, and more. It offers strategies to help UK business owners strengthen their enterprises against any challenges they may fac...
Find out moreA guide to UK company formation
The UK offers countless opportunities for entrepreneurs. But how do you form a company? This guide explains the steps you need to take.
Find out moreA guide to paying Corporation Tax
Corporation tax is the tax paid by incorporated businesses in the UK, the rates changed from 1st April 2023 with the main rate of corporation tax now 25%.
Find out moreHow to boost your business’ productivity
A productive business is an efficient and profitable business. Read these tips for how you can improve your productivity.
Find out moreHow businesses, landlords and homeowners can cope with rising interest...
With the UK’s interest rates at a record high, what can business owners, landlords and homeowners do to deal with the impact?
Find out moreHow to write an invoice
Writing an effective invoice is important for ensuring you get paid on time for the goods or services you have provided. This guide outlines how to do it.
Find out moreThe benefits and risks of artificial intelligence for small businesses
The launch of ChatGPT has led to huge global interest in the power of artificial intelligence. But how can it benefit businesses and what are the potential risks? Read our guide to find out.
Find out moreBusiness grants you can apply for now
Grants can be a powerful way for businesses to access funding as it’s money you don’t have to pay back. Schemes can be hard to track down though, so read our guide to grants you can currently apply fo...
Find out moreA guide to market research and competitor analysis for your business
Understanding the market your business serves will help you to successfully launch your new venture and build success over time. This guide highlights factors to consider and actions to take.
Find out moreGet ready for the April 2023 corporation tax rate increases
A significant rise in corporation tax is due to come into effect from April 2023, we explain what it means for your business.
Find out moreHow do I find the right accountant for my business?
Choosing the right accountant for your business is one of the most important decisions you will make as a business owner.
Find out moreA guide to financial key performance indicators for businesses
You can use key performance indicators (KPIs) to measure the growth and financial health of your business. Read our guide to KPIs and how to choose what to track for your company.
Find out moreA guide to cyber security for small businesses
Any business and individual could be targeted by cyber criminals, but there are various steps you can take to protect you and your business and minimise the risks.
Find out moreHow to plan ahead with your business
During these challenging times, many small businesses in the UK are having to adapt to secure their future. Read our tips for how you can plan for the months ahead.
Find out moreGuide to corporation tax for limited companies
If you are running a limited company, you are subject to corporation tax. The rules can be complicated so it’s important to understand them to avoid a penalty. Discover everything you need to know, fr...
Find out moreSole trader vs limited company – Which is better?
Choosing a business structure is one of the most important decisions a new business owner needs to make, but it can be difficult to understand your options. This guide outlines the differences between...
Find out moreGuide to Capital Gains Tax for businesses
Find out everything your business needs to know about Capital Gains Tax, including how to calculate it, when to pay, and what it means when you're selling a business.
Find out moreHow to reduce your corporation tax bill
Find out how to legally lower your Corporation Tax bill, using expert tips and advice from TaxAssist Accountants to ensure you don’t pay more than you need to.
Find out moreWhy every business should have a cash flow forecast and how to build o...
A cash flow forecast is one of the most useful financial tools a business has. However far too often it is low down on their list of priorities. Survey after survey shows that business owners do not h...
Find out moreCorporation Tax
Our Corporation Tax Service is designed to offer you proactive advice and tax planning opportunities, with an efficient approach to help you to meet your company’s compliance needs.
Find out moreRead our expert answers to your Limited Companies questions
Can I save tax by making company pension contributions?
I run my own limited company and pay myself a modest salary and also extract some of the profits via a dividend. I believe my annual taxable profits will be around £70,000 and was told I could save ta...
Find out moreHow much corporation tax should I pay?
I run my business through a limited company and make around £80,000 profit per year. I’ve heard corporation tax rates are increasing and would like to know what rate of tax I will pay moving forwards.
Find out moreWhat are the changes to company size classifications?
I have heard that the size classifications of companies between small and medium are changing. Is this correct?
Find out moreHow long do I need to keep my tax records?
Now that I’ve submitted my tax return, can I throw the supporting documents relating to my business and P60 away? I’ve got a lot of paperwork from over the years and it’d be great to have a sort out.
Find out moreCan I save tax by running my business through a limited company?
I am a sole trader plumber and am wondering if I could save tax by running my business through a limited company? My taxable profits are around £60,000, and I anticipate they will remain at around thi...
Find out moreCan a Time to Pay arrangement help my cashflow?
My business is temporarily struggling with cashflow and I’m worried I won’t be able to pay HMRC my PAYE liability this month, will HMRC help me?
Find out moreHow can I incentivise my staff on a budget?
Given the cost of living and energy crisis, I am looking at ways to incentivise my staff, but am facing cost pressures so am limited in what I can afford to pay. Can you help me develop a strategy for...
Find out moreIs a limited company the best entity for my business?
I’m starting up in business as a limited company, is this the best entity for me and can anybody access my accounts?
Find out more