Podcasts
Director Loan Account and Dividends: Overdrawn Balances, Tax and Repayment
A director loan account and dividends often become closely connected when you run your business through a limited company. Your director's loan account records money moving between you and the company. Sometimes the company owes you money. At other times, you may owe...
VAT Reverse Charging in the UK: When It Applies and How to Record It
VAT reverse charging in the UK shifts the responsibility for accounting for VAT from the seller to the buyer. Instead of the supplier charging VAT and paying it to HMRC, the buyer records the VAT in their own accounts and VAT return where the reverse charge applies....
Limited Company Tax Treatment: Corporation Tax, Salary and Dividends
Limited company tax treatment works differently from tax for a sole trader because the company and the individual behind it are separate. The company has its own profits, taxes, accounts and filing responsibilities. Meanwhile, the director or shareholder may also have...
Tax Treatment for Sole Traders Explained: Income Tax, National Insurance and Records
Tax treatment for sole traders matters because, when you run your business as an individual, you are taxed on the profits your business makes. You also remain personally responsible for reporting income, keeping records, filing your Self Assessment tax return and...
Sole Trader or Limited Company: Which Is Best for You?
About this episode Choosing between sole trader or limited company is one of the biggest decisions we make as business owners. It affects tax, records, admin, personal risk, business costs, growth plans, and how customers or suppliers may view the business. In this...
4 Bad Business Habits you Need to Overcome
In this episode, we explore Bad Business Habits that can slowly but surely undermine growth and profitability. Surprisingly, many business owners develop unproductive habits without fully realising their long-term effects. Accordingly, addressing these...