A Limited Liability Partnership (LLP) is safer than a typical Partnership, just as a Limited Company is safer than a Sole Trader business – because of ‘limited liability’. Safer because: The advantage an LLP has over a Partnership is that Partners in LLPs are not...
You may be wondering when and how to set up a PAYE scheme for your limited company, or why you should in the first place. We’ve got all the advice you need to make the right choice for your business. When does a limited company need PAYE? The vast majority of...
Applying for a new mortgage or re-mortgage can be a stressful and time-consuming task for anyone. At least for people in full time employment there is a good chance that their income will have been consistent over the last few years. Unfortunately, people running...
An LLP or Limited Liability Partnership has some things in common with a Partnership but, like a Limited Company, it also has Limited Liability so partners cannot lose personal assets. LLP’s are easy to join and to leave – without needing to worry about buying/selling...
A Confirmation Statement is a document that Limited Companies must file at Companies House each year – generally online using the ‘authentication code’. It replaced the old Annual Return in 2016. It confirms if the statutory information is the same, or if there are...
From April 2020, 4 taxes became preferred and high ranking trade creditors in any business going into liquidation. They are; Income Tax, VAT, CIS schemes and Employees’ National Insurance. It used to be that when a business went into liquidation, creditors were paid...
