How to pay yourself from a limited company: salary vs dividends
Most UK limited company directors do not know how to pay themselves from a limited company and get into trouble because they are trying to be clever. They get into trouble because paying yourself from your own company sits at the overlap of company law, payroll rules and personal tax – and online advice often […]
When are limited company accounts due? Companies House deadlines and what to file
Most directors are not confused because they are careless – they are confused because the UK uses multiple “deadlines” that sound the same but come from different rules. If you are asking “when are limited company accounts due”, you are usually trying to avoid two outcomes: This guide explains how Companies House deadlines work, what […]
Corporation tax deadline for limited companies: CT600 filing, payment dates and penalties
If you are searching for corporation tax deadlines, you are usually trying to answer one practical question: what do I need to pay, what do I need to file, and by when? When it comes to understanding corporation tax deadlines, it can be confusing because HMRC gives you two different deadlines that look similar on […]
Voluntary Disclosure for Limited Company X – Case Study
HMRC disclosure support is often difficult to find. Especially when you aren’t even sure how much you owe on your tax position. Making a HMRC voluntary disclosure always seems to be a daunting task to people. However, its one of the best things you can do when you know you owe undeclared tax to HMRC […]
Overdue Confirmation Statement?
Received a notice about an overdue confirmation statement? Don’t worry! It’s a common occurrence and, thankfully, doesn’t come with late filing fees. Let’s walk through how you can quickly and easily file your limited company’s confirmation statement. What Is a Confirmation Statement? A confirmation statement, known to use accountants as a form CS01, is a […]
My Business Has A HMRC Enquiry
Have you ever asked yourself, ‘what happens if my business has a HMRC enquiry’? Receiving a letter from HMRC stating that they want to check the accuracy of your most recent accounts can be a very daunting experience. Even if everything is 100% accurate, you start to panic about whether you’ve missed something by mistake. […]
Surviving Insolvency: Practical Steps for Businesses in Distress
Facing insolvency is a daunting prospect for any business owner. However, amidst the turmoil, there are practical steps that businesses can take to navigate through this challenging period and emerge stronger on the other side. At MJ Kane Insolvency, we specialise in assisting businesses in distress, offering tailored solutions to address financial difficulties and facilitate […]
