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Directors Loan: The do’s and dont’s
- November 15, 2016
- Posted by: admin
- Category: Business Growth, Contractors, Expenses, Finance & accounting, Tax, Uncategorized
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If you have just started up a limited company, the director’s loan account can be one of the trickiest concepts to get your head around. But I promise you it’s not impossible. It is necessary in understanding how you relate to your company and more importantly, how you can get at your lovely profits. What isn’t a director’s loan
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Can contractors continue to draw a salary when they are out of contract?
- November 8, 2016
- Posted by: admin
- Category: Contractors, Expenses, Tax
We recently had a client who was a traded as a limited company contractor and had a six month break between contracts, but wasn’t sure whether he could continue to draw a monthly salary? Even though he was out of a contract and the company stopped earning income, he would still be a director of
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Have the tax you owe collected through your PAYE code instead
- June 8, 2015
- Posted by: admin
- Category: Expenses, Tax
Although you have until 31 January after the end of the tax year to file your Tax Return, if you file it online by 30 December and the amount of tax that you owe is less than £3,000, you can have the tax you owe collected through your PAYE code, rather than having to pay
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Is it a Phone or Computer?
- May 11, 2015
- Posted by: admin
- Category: Expenses, Tax
The provision by employers of mobile phones for employees is today very common. Employers want to be able to contact their employees throughout the working day and a full tax exemption makes it an attractive perk for the employee. Typically, employers will allow their staff to use the phone for sending and receiving private calls,