Private vs Public Limited Companies in the UK: Which Structure Suits Your Business?

When starting a business in the UK, selecting the right company structure is important as it impacts operations, fundraising, and control. Limited companies offering limited liability protection to safeguard personal assets are a popular choice. The two main types are private limited companies (Ltd) and public limited companies (PLC). Understanding the differences between these structures […]

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A Guide to Claimable Expenses for Limited Companies in the UK

Business, Accounting, Limited Company

Running a limited company comes with different costs, but many of these costs can help reduce your tax bill. Claiming the right expenses ensures your company remains tax-efficient and compliant with HMRC rules. In this article, we’ll explain Claimable Expenses for Limited Companies in the UK to help you understand what you can and cannot

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Corporate Finance Tips for Startups in London: A Guide to Growth

Business, Accounting

Starting a business in London is exciting but challenging, especially when it comes to managing finances. Corporate finance helps startups allocate resources wisely, plan for growth, and tackle the high costs of operating in the city. In this article, we’ll discuss key strategies, including building a financial plan, exploring funding options, and using technology to

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Everything You Need to Know About CIS Returns

Business, Accounting

The Construction Industry Scheme (CIS) is a tax deduction system specifically designed for the UK construction industry. Understanding CIS returns is crucial for contractors and subcontractors to stay compliant and maximise potential tax refunds. Whether you’re new to the industry or simply looking for a clearer understanding, this article will walk you through the basics

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How to Prepare Accurate Annual Accounts for Your Limited Company

Business, Accounting

Preparing annual accounts for a limited company might seem challenging but with a straightforward approach, it becomes much more manageable. Annual accounts are essential financial reports required to ensure compliance and offer a clear picture of a company’s financial standing. In this article, we’ll cover the main elements of annual accounts, go over the filing

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What Are the Two Types of Limited Companies?

Accounting

A limited company is a business structure that provides limited liability protection to its owners. In the UK, limited companies are mainly categorized into two types: those limited by shares and those limited by guarantee. Each type has distinct characteristics and serves different purposes. Let’s break down these two types to understand their key differences.

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How to Claim Unclaimed Child Trust Fund Money

Accounting

If you or someone you know is between 18 and 22, there could be unclaimed cash waiting in a Child Trust Fund (CTF). HMRC recently announced that over 670,000 young adults in this age range have unclaimed CTFs, with an average balance of over £2,000. Here’s everything you need to know about checking and claiming

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Best Practices for Running a Successful Limited Company in the UK

Accounting, Business

Operating a limited company in the UK can bring both benefits and difficulties. Understanding and implementing best practices can significantly impact your company’s success. Whether setting up a new venture or managing an existing one, these guidelines will help you stay compliant, efficient, and competitive. In this article, we’ll cover essential best practices for running

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5 Common Myths About Self-Assessment

Accounting

In a recent press release, HMRC addressed some common misconceptions about who needs to file a self-assessment return before the 31 January 2025 deadline and clarifies some of the most widespread myths.

The press release seeks to dispel the

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File Early to Pay Self-Assessment Tax Through Your PAYE Tax Code

Accounting

Filing your tax return early can help you manage self-assessment payments more easily. If you meet certain conditions, you can pay off your tax bill through your PAYE tax code, spreading the payments out over the tax year instead of paying in a lump sum. What is Coding Out and How Does It Work? “Coding

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