Dividend paperwork matters if you take dividends from your limited company. In the previous episode, we looked at what dividends are, when you can legally pay them and how they interact with the director's loan account. This time, we focus on the paperwork and...
Shareholders and directors both play important roles in a limited company, but they are not the same thing. One owns the company. The other is responsible for running it. In many small businesses, the same person wears both hats, which is exactly why the distinction...
The responsibilities of a director go well beyond having your name listed at Companies House. Being a director of a limited company can be exciting and rewarding, but the role also comes with significant legal responsibilities. That applies whether you run a small...
The advantages of a limited company go beyond simply putting “Ltd” after your business name. A company creates a separate legal structure around the business. As a result, it can change your personal exposure to risk, the way ownership works, how you bring in...
Director National Insurance works differently from National Insurance for most other employees. Directors are still treated as employees for National Insurance purposes. However, their contributions are calculated using an annual earnings basis because directors can...
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