All directors and structure guides
Director Responsibilities for a UK Limited Company
Company directors must follow the Companies Act duties, keep records, file accounts and confirmation statements on time and verify their identity. Failing to do so can bring fines and personal liability.
Directors and structureHow to Pay Yourself as a Limited Company Director
A director can take money from a limited company as salary, dividends, expense reimbursements and loan repayments. Each has different tax rules, so mix them with care.
Directors and structureHow to Avoid an Overdrawn Director’s Loan Account
If you owe your company money at year end and do not repay it within nine months and a day, the company pays Section 455 tax on the balance. Loans over £10,000 can also create a taxable benefit.
Directors and structureSole Trader vs Limited Company: Differences and How to Switch
A sole trader and the business are legally the same person. A limited company is a separate legal entity. Limited companies offer liability protection and tax flexibility but come with more admin.
Directors and structureIR35 Explained for Contractors and Personal Service Companies
IR35 stops workers who are really employees from using a personal service company to pay less tax. Since 2021 the end client decides status for medium and large clients, while small clients leave it to the contractor.
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