James is an experienced business and finance writer. He studied economics and worked for large companies including British Airways, Citi and JP Morgan before working as a data analyst IT contractor. James founded Contract Eye in 2006 and also writes for a number of popular business sites. Connect with James on LinkedIn.
There may be a time when you want to take a break from contracting or other business activity, whilst keeping your limited company in an 'inactive' state.
HMRC allows several ways to claim for home office use, but the rules differ depending on how much you use your home for work and what expenses you incur.
A company may distribute any retained profit it has made to its shareholders. Board meeting minutes and dividend vouchers must be completed in all cases.