Limited Company

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  • Extracting income from a family company with no retained profits.

    Extracting income from a family company with no retained profits

    The Covid-19 pandemic has had an adverse effect on millions of family companies, potentially reducing or eliminating profits.     

  • Reasonable excuse – does coronavirus count?.

    Reasonable excuse – does coronavirus count?

    HMRC may allow an appeal against a penalty if the taxpayer has a ‘reasonable excuse’ for why, say, they filed a return late or paid their tax late.

  • Gold Stag Accounts and Starling bank

    Partnership With Starling Bank

    We have partnered with Starling Bank and as users ourselves, can truly recommend them - There's a reason why they won best British bank in 2018, 2019 & 2020.

  • Dealing with directors' loans

    Dealing with directors’ loans

    For accounting purposes, cash transactions between a director and a personal or family company are recorded through the director’s account.

  • Photo of terraced houses in the countryside.

    Should I buy a rental property through a limited company?

    Chancellor Rishi Sunak sets out some limited measures to stimulate the economy and help it recover from the ravages...
  • Small businesses boosted by Bounce Back Loans.

    New 100% government backed loan scheme for small businesses

    Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed...
  • Running a business from home.

    Running a business from home

    Small businesses can choose to be taxed on the basis of the cash that passes through their books, rather than...
  • Person holding a sign reading “Coronavirus” with “Stop” tape wrapped around their body.

    Covid-19: Business rate help for smaller businesses

    As the Government’s response to the Covid-19 pandemic evolves, various measures have been announced to help business...
  • Profit extraction in 2020–21:  what is the optimal salary?

    Profit extraction in 2020/21 – What is the optimal salary?

    A popular tax-efficient profit extraction strategy used by personal and family companies is to take a small salary...
  • Shop sign that reads “Sorry we’re closed.”

    Winding up your personal service company

    Where the personal service company is not needed, the question arises as how best to wind it up and extract any...
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