Limited companies

The legal and taxation regime for limited companies continues to change. The main rate of corporation tax commencing 1 April 2012 is 24%, while the small profits rate is 20%.

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Limited companies

The tax system for companies

Details of corporation tax and company tax returns.

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Associated company tax rules

If two or more companies are controlled by the same person or by 'connected persons' (such as...

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Tax and the company car

Details of how the tax system works with company cars.

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Company bonus or dividend?

In many small companies, the owners are also the directors, and this gives considerable scope...

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Entrepreneurs' relief

The relief is intended to produce a net tax rate of 10% on the disposal, although for those...

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Tax saving strategies

Expenditure incurred before the company year end might reduce the current year's tax liability...

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Claiming expenses - it's all or nothing

The rules which determine what expenses can be deducted from profit for tax purposes are...

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Benefits in kind and expenses payments

Benefits in kind are assessed on all directors and employees whose salary and benefits combined...

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Corporation tax

Details of corporation tax rates and bands.

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Penalties for late returns

Make sure you do not become liable to any of these penalties.

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Main capital allowances

A summary of the main allowances available.

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Industrial buildings allowance

Capital allowances for the construction costs of industrial buildings or structures fall under...

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Interest and tax payments

HM Revenue & Customs charges interest on underpayments of tax, and pays interest (repayment...

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Business deductions

In order to attract a deduction in computing the profits of a trade or business any expenses...

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Companies Act 2006

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Companies House - forms you need to know about

There are over 100 forms prescribed by the Companies Act 2006. We list below the main forms and...

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Should you form a limited company?

We are often asked, 'Should I form a limited company?' The reality is that there is no easy...

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Buying a company 'off the shelf'

If time is an important factor, you can consider buying a ready-made company. The exact...

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The law and directors' responsibilities

Who is a director? What are their legal responsibilities?

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Statutory records

It is essential that you keep your company's statutory records up-to-date. Do not underestimate...

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The company secretary

The position of company secretary in a private company is now optional. Thus a company can...

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Essential record keeping

Suggestions on how to reduce the time taken in accounts preparation.

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Getting the company struck off

A private company (not subject to insolvency proceedings) can apply to the Registrar of...

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Could your business survive without you?

As accountants and business advisers we get to know our clients very well. From our position, it...

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'Green' travel arrangements

There are a number of schemes intended to encourage employers to make arrangements for their...

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