Limited Company Overview
What is a Limited Company? A limited company is a business that is legally separate from the people that run it. The owners are often known as Directors. Pretty much any company can be a limited company, and they can be limited by either shares or guarantee. The legal obligations of a limited company is to […]
Sole Trader Overview
When you’re starting out, it can be hard to know which business structure to choose and to know the real difference between being a sole trader or limited company. So I thought it would be helpful to outline the main details on being a Sole Trader. What is a Sole Trader? A sole trader is […]
Where to start with Self Assessment
What is a Self Assessment? Self assessment is HMRC’s way of collecting income tax from individuals. When you have an employed position, the tax is deducted before you are paid – but if you are self-employed, you need to tell HMRC what you have earned, which is done via your Self Assessment. The tax period […]
What is CS01?
If you’re a Director of a Limited Company, you would have received a letter congratulating you and outlining your new responsibilities. A CS01 is a part of those responsibilities, so we wanted to provide some information on what CS01 really is. So what is CS01? A Confirmation Statement from the Directors of the Company. This […]
What is CT600?
If you’re an accountant, you will no doubt know financial jargon – but what about those who have just started a business? There’s lots of abbreviations and terminology to get your head around when you start your business – never mind wearing many hats and working long hours whilst you get yourself off the ground. […]