Form P11D details the cash equivalent of benefits and expenses UK-based employers have provided to company directors and employees in a given tax year. It’s a statutory form required by HMRC and has to be submitted annually. Read more
The balance sheet and profit & loss (P&L) account provide important records of your company’s finances. Both contain similar financial information but there are key differences between the two. Read more
When you incorporate a new company, you will receive a Certificate of Incorporation, which you may be asked to produce at various stages in your business life. Read more
The Government has published a consultation document which may eventually lead to the extension of the April 2017 public sector IR35 rules to all private sector contractors. Read more
What happens if your company declares a dividend only to discover that there were insufficient profits at the time to justify such a payment to its shareholders? Read more
Important tax considerations to bear in mind when deciding whether to buy a company car, or claim a mileage allowance for business use of your own car. Read more
As a limited company contractor, what is the most tax-efficient salary to pay yourself, and any staff you employ? Read more
You may well have incurred various expenses starting out in the contracting world, before you formed a company. Can you reclaim these costs? Read more
Which trading structure should you use when you start our as an IT contractor? We look at how umbrella and limited companies work in practice. Read more
In the latest of our series on limited company expenses, we look at tax treatment of broadband installed at home. Read more