Business

TL; DR: Most limited company directors pay themselves using a mix of salary and dividends. Salary is paid through payroll and treated as a business cost. Dividends are paid to shareholders…

TL; DR: A sole trader structure is simple to run, but you are personally responsible for business debts. A limited company is a separate legal entity with more admin, but it…

TL; DR: The right ‘keep vs invest’ split comes down to one question: how confident are you that you won’t need the money soon? Start by ringfencing taxes and near‑term obligations, …

Corporation Tax basics for small businesses (and what affects the bill) TL; DR: Corporation Tax is paid by limited companies on taxable profits. Your bill is influenced by revenue, allowable costs, …

TL; DR: If you’re VAT‑registered or pay Corporation Tax, the safest habit is to treat tax money as already spent. A simple system is to estimate what you owe, ring‑fence it…

TL; DR: Cash flow is about timing: when money comes in versus when it has to go out. A cash‑flow forecast is a simple model of your future bank balance. Start…

TL; DR: A Person with Significant Control (PSC) is someone who ultimately owns or controls a UK company (or LLP) — most small companies will have at least one. You need…

TL; DR UK limited companies don’t pay Capital Gains Tax personally. They generally pay Corporation Tax on their profits, which can include trading profits, investment income (interest/dividends), and gains on selling…