The Importance of Tax Planning when running a limited company

The Importance of Tax Planning when running a limited company

Mar 3, 2019 | Expenses

If you run a limited company it is likely that you will receive personal income from your company in the form of both salary and dividends.  As dividend tax rates differ from other forms of income, and the tax due is usually worked out after the tax year in which the...
How do you pay national insurance if you’re self-employed?

How do you pay national insurance if you’re self-employed?

Mar 3, 2019 | Expenses

What are national insurance contributions? National Insurance contributions are a tax on earnings which build your entitlement to certain state benefits, such as the State Pension and Maternity Allowance. Your national insurance payments go towards state benefits and...
What is a Unique Taxpayer Reference?

What is a Unique Taxpayer Reference?

Mar 1, 2019 | Expenses

Your Unique Taxpayer Reference (UTR) is your unique 10 digit code that identifies you to HMRC. Who needs one? Any individual or entity which needs to file a tax return will need a Unique Taxpayer Reference, also known as a UTR. You will receive one when you register...