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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Everything You Need to Know About CIS Returns

Accounting, Construction, Limited Company

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

Accounting, Limited Company

Preparing annual accounts for a limited company might seem challenging but with a straightforward approach, it becomes much more manageable. Annual accounts provide a clear picture of a company’s financial position and help ensure compliance with legal and regulatory requirements. In this article, we’ll cover the main elements of annual accounts, go over the filing

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How to Correct Errors in Your Self-Assessment Tax Return

Business, Limited Company, Self Assessment

Submitting an accurate Self-Assessment tax return is important, but errors can occasionally slip through. If you’ve noticed a mistake in your tax return, there is no need to stress. Our guide will walk you through correcting errors in your tax return, whether you filed online or by post, and cover important deadlines to keep in

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What Are the Two Types of Limited Companies?

Accounting, Limited Company

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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Top 12 Benefits of Registering a Private Limited Company in the UK

Business, Accounting, Limited Company

Choosing the perfect business structure is a crucial step for any entrepreneur. In the UK, one of the most popular options is a private limited company (Ltd), which offers numerous benefits of a private limited company that make it an attractive choice for business owners. From legal protection to enhanced credibility, understanding these advantages can

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How to Choose Between a Company Limited by Shares or Guarantee

Business, Accounting, Limited Company

When starting a business, choosing the right company structure is a critical decision. Two common options are a company limited by shares or a company limited by guarantee. Each structure offers distinct advantages based on your business goals. Whether you’re planning to make a profit or run a not-for-profit organisation, selecting the appropriate structure can

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Best Practices for Running a Successful Limited Company in the UK

Accounting, Business, Limited Company

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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