by Accountants Sheffield | Apr 26, 2022 | Business, Limited company
Since IR35 reforms rolled out in the private sector in April 2021, umbrella companies have become an increasingly popular way for contractors to work. But many people wonder “what is an umbrella company?”. As well as being an option to work outside... 
by Hannah Adams | Mar 30, 2022 | Business, Limited company, Self Assessment
Your business structure is one of the first things you’ll need to decide on when you start up, but how do you know which is right for you? Sole trader or limited company? It’s an important choice, determining where your business stands in legal terms, the kind of tax... 
by Hannah Adams | Feb 23, 2022 | Business, Limited company, Self Assessment
In the autumn statement back in late 2021, Chancellor Rishi Sunak announced a big shake up to national insurance, which included increasing national insurance contributions for employees and those who are self employed to help fund the NHS and social care. The... 
by Hannah Adams | Dec 9, 2021 | Limited company
As we approach the end of the calendar year, most company directors will be looking at tying up loose ends before the start of 2022 and considering what bonuses to pay out. That’s especially true if your accounting period runs until the end of December, or if it’s... 
by Hannah Adams | Aug 4, 2021 | Limited company
Recently announced in the Chancellor’s Budget 2021 was a new super deduction tax for limited companies that encourages investment in assets (and to part with their money!), along with additional capital allowance changes that were brought in, in the hope that it... 
by Hannah Adams | Jun 7, 2021 | Limited company
You have profits in your limited company, great. How do we get those profits out of your limited company the most tax efficient way? ‘Profit extraction’ is a pretty clinical phrase to describe one of the most exciting aspects of being your own boss: getting paid for...
