Are you about to have your firm's Christmas party and hand out seasonal gifts for staff and customers? Remember there are strict rules about what is deductible for tax and reclaimable for VAT.
There are three main ways in which money can be drawn from a limited company - repayment of a director's loan, salary and dividends - but there are key issues to understand regarding each of these. It is important to organise the balance of these thr
Register as an employer!
• Don't forget to register with HMRC as an employer, even if it is only you, the director who is in the company. Then let us know your employers PAYE referen
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