Tag: limited company

Accountants in London - Sole Trader Vs Limited Company

Accountants in London – Sole Trader Vs Limited Company

There is a significant difference between running business accountants in London as a sole trader or as a limited company. Many people may not know it or do not understand it properly. Here in this blog, we will evaluate those differences. Let’s have a look.  Accounting and Tax Return Policies         Sole […]

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Contractor Accounting - Tax on Dividends

Contractor Accounting – Tax on Dividends

Most contractor accounting operating a limited company will pay themselves a mixture of a salary and dividends, as this allows them to make considerable tax savings. Dividends are payments made to the shareholders of a company – which, in the case of your limited company, generally means you alone. Dividends themselves are not tax-free; they […]

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Self Employed vs Limited Company

Self Employed vs Limited Company

Setting up as a sole trader is the simplest way to start a business. You only need to inform HMRC that you are working as ‘self-employed’, and account for your business activities through the annual self assessment tax process. Starting up in business as a limited company is a more complex process, and the financial […]

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Buying a Car through Limited Company

Buying a Car through Limited Company

If Company Buys: On Full Payment If you buy a new car through your company then it will attract capital allowance. The amount of capital allowance will depend on the amount of CO2 emission by the car. If CO2 emission is 75g/km or less (50g/km from April 2018) then the capital allowance (First Year Allowance […]

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