Establishing a limited company can provide several great financial and legal benefits, including limitation of liability and tax efficiency potential. Additionally, there are specific tax obligations associated with establishing a limited company that business owners must understand and comply with; failing to do so may lead to penalties and loss [...]
Although a director quitting a limited company may appear simple, there are several administrative and legal actions to be followed. The individual as well as the company should be aware of what occurs upon a director’s resignation. If you’re a director and are getting ready to leave the business, this [...]
Before establishing a limited company it’s important to understand filing requirements of a limited company to Companies House and HMRC. You are legally obligated to submit specific information to Companies House and HMRC regularly when you register a company in the UK. This comprises revenue and expenses, assets and liabilities, [...]
Late filing penalties for limited companies are among the most frequently asked questions. How do you handle them, what are they, and when do you get them? You must submit your accounts to HMRC and Companies House annually as a limited company. They must be supplied by the deadline determined [...]
