Registering as Self Employed

As soon as you become self-employed, you should contact HMRC to inform them that you wish to get registered. Self employment includes working in a business part time or on the side (any paid work you’re doing that doesn’t have tax already deducted counts as self-employed). Failure to register could bring penalty charges from HMRC. Registering as…

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How long do you need to keep Company Records?

A company has a legal responsibility to keep company records and accounting records. Consequently, a company director must keep records about the company itself, as well as ensuring the accounting records are maintained. As a company director, you must keep records for at least six years from the end of the last company financial year…

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Business Expenses – summary

Business Expenses – summary In this guide for limited companies, we have listed some common business costs and expenses. Though the list is not exhaustive, it covers the majority of business costs incurred by small businesses. As a business owner you will be busy running your company, so it’s important to understand the expenses incurred…

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Guide to a Director’s Responsibilities

Guide to a Director’s Responsibilities What is a Director? Directors act as the managers of a company and make the daily decisions in managing a company’s operations. On becoming a director, you are responsible for certain legal obligations. What is a Shareholder? The shareholders are the owners of the company whereas the directors are employees…

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