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 …