It is not uncommon for small business owners or directors to pay for personal expenses using business funds. This is sometimes done on purpose (when the director needs extra money) or by accident (such as paying for personal expenses using…
This is a brief informal post on some points that you should consider or at the least keep in mind when you have setup and are running a UK Limited Company for your business. The points and information below are…
Taking Money from your Ltd Company As an owner-director of a UK Ltd company, your objectives include minimising both your business taxes and personal tax liabilities. A question you may be asking yourself is: how do I take money out…
Understanding Trivial Benefits – A Win-Win for Directors & Employees! Trivial benefits are something your UK limited company should consider and possibly implement. You can provide tax-free trivial benefits to your employees, including yourself if you’re a director or other…