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The £85,000 FSCS protection and how it applies to your ltd company bank account

2019-05-16T15:40:21+01:00By |

With the collapse of Northern Rock, Bradford & Bingley, Icelandic banks and others now over 10 years ago, savers should still be thinking “Is my money safe?” As your business grows, it is likely the cash you hold in the company bank account will grow too. Any cash deposited with a bank or building society [...]

What do you need to know about Entrepreneurs Relief?

2019-05-08T14:06:03+01:00By |

On closure of a company, retained reserves (net profit after the payment of Corporation Tax) in a company can be distributed as a "capital distribution". The owners of small businesses may be entitled to entrepreneurs' relief when they sell or close down their business. What does entrepreneurs relief do? The relief delivers a 10% tax [...]

Can a limited company loan money to another limited company?

2019-03-26T10:15:23+00:00By |

If you operate as a contractor through your own limited company, you may be asked, or you may want to loan money from your limited company to another. It may be the company asking for the money is a start-up and they need extra cash to get the venture off the ground. Or, the company [...]

Our Managing Director’s take on the Spring Statement

2019-03-13T16:54:42+00:00By |

The Chancellor has said before that the Spring Statement would be more of a fiscal state of the nation than an opportunity to announce new legislation but with the backdrop of the Brexit vote defeat last night and further votes happening over the next couple of days it could well have been a case of [...]