Limited Company - MBS Accountants

The most tax-efficient way to pay yourself as a director in 2022/23

For those who are directors and shareholders of their own companies, it’s time to make sure you are paying yourselves in the best, most tax efficient way. The following guidance will outline this for you however individual circumstances will need to be taken into account but a lot of people will fall into the default […]

Directors pay (salary and dividends for 2021/22)

It’s that time again when we need to select the best way of paying ourselves as directors and shareholders of our own company. This guide is to make sure you get things set up correctly and don’t end up losing out. Although individual circumstances need to be taken into account in all circumstances there are […]

Furlough your employees

If you are considering laying off staff due to little or no work then wait… The government have introduced a new measure called the Coronavirus Job Retention Scheme where you will get government support Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme that was created and started on or before […]

How best to pay yourself as a director for 2020/21

Latest government help for Corona

The government has made announcements of new measures to help support the nation during these unprecedented times. Measures of support have never been at this level before.

IR35 changes delayed

The government has made a big last-minute decision in respect of IR35. A decision has been made to delay the changes until 6 April 2021 giving us a little over 12 months extension to one of the biggest changes to our tax system in recent years.

Help! – What’s my UTR number?

What to do if you don’t know your UTR number. Your Unique Taxpayer Reference Number (UTR) is a 10-digit number that is used by HMRC to identify you. You need it in most cases when corresponding with them and to file any tax returns you have due. Without it, it’s impossible to file a tax […]

Sole trader v partnership v limited company – which business setup is right for me?

Help for deciding the best set up for your new business As a firm of Accountants specialising in startup businesses, we get asked this question all the time. Unfortunately, it’s never a blanket type answer that you can quickly assess but in this guide, we will talk you through the different things to consider so […]

What expenses can I claim as a contractor?

Helping you understand what you can and can’t claim for whilst contracting. Expenses are pretty much the point of contracting via a limited company! The merits of the different methods of contracting were discussed in our Guide to contracting and we established that for longer contracts (more than a few months) contracting via your own company was […]

Directors pay for 2019/20

The most common reason for having a limited company is the tax savings. These can be many thousands of pounds but get it wrong and it can cost you thousands too. This guide is to make sure you don’t end up the one losing money.

PAYE vs Umbrella vs Ltd Company – which is best for me as a contractor?

Helping you work out how to get started with contracting. More and more people are finding themselves having to turn to contracting either through redundancy or organisation restructuring. It can be a daunting time as there are so many differences to being a ‘normal employee’ and now having to deal with your own accounts and […]