FAQ Guides
FAQ Guide: Starting a Company in the UK
Forming a Company with Companies House Q: How do I form a company with Companies House? A: Start by choosing a unique and legally compliant company name. You can check if your company name is available here. Prepare the necessary documents, including the articles of...
FAQ Guide: Are You Ready For Basis Period Reform?
What is Basis Period Reform? Q: What is Basis Period Reform? A: Basis Period Reform changes the way profits are reported for Income Tax to align with the tax year (6 April to 5 April). This means businesses that don't have an accounting period ending on 31 March, 1...
FAQ Guide: Tax Deductions for UK Plumbers
Introduction This guide is tailored for UK plumbers operating through a limited company, providing clarity on maximising tax deductions specific to corporate structures. By understanding these deductions, plumbing businesses can enhance profitability and ensure...
FAQ Guide: Tax Deductions for UK Landscapers
Introduction Navigating the complex world of tax deductions is crucial for UK landscapers to maximise profitability and ensure compliance with HMRC regulations. This guide aims to clarify which expenses are deductible and how to effectively manage your landscaping...
FAQ Guide: Responsibilities of a UK Director
Introduction Being a director of a private limited company in the UK carries significant responsibilities. It is crucial for directors to understand and fulfil their roles to maintain the integrity and success of their business. This guide outlines the essential...
FAQ Guide: Understanding Stamp Duty for UK Property Investors
Introduction When purchasing investment properties in the UK, understanding Stamp Duty Land Tax (SDLT) is crucial. This guide provides answers to common questions about SDLT, helping property investors navigate their tax responsibilities effectively. What is Stamp...
FAQ Guide: Understanding Capital Gains Tax on the Sale of Investment Property in the UK
Introduction Selling an investment property in the UK can lead to a capital gains tax (CGT) liability. This guide provides answers to common questions about how CGT applies to the scale of investment property, helping you to understand your tax responsibilities and...
FAQ Guide: Tax Deductions for UK Management Consultants Operating via a Limited Company
Introduction Management consultants operating through limited companies in the UK have various avenues to minimise their tax liabilities through deductible expenses. Understanding what expenses are eligible is crucial for effective year-end tax planning. This guide...
FAQ Guide: Tax Deductions for Cleaners Operating via a Limited Company
Introduction For cleaners operating via limited companies, effectively managing expenses and understanding eligible deductions can lead to significant tax savings. This guide offers insight into which expenses you can deduct and how to plan for the end of the tax...
FAQ Guide: How to Obtain a UTR Number and a Corporate Tax Number for a UK Limited Company
Introduction Setting up a UK limited company involves several important steps, one of which is registering for tax purposes. This FAQ explains how to obtain both a Unique Taxpayer Reference (UTR) number and a corporate tax number, which are essential for fulfilling...
FAQ Guide: How to Get a VAT Number for Your Company
Introduction A VAT number is a crucial identifier provided by HMRC when businesses register for VAT (value-added tax). In the UK, VAT numbers consist of nine digits and start with 'GB'. For companies within the EU, the VAT number includes unique country codes. This...
FAQ Guide: Bookkeeping Essentials for UK Companies
Introduction Navigating the financial landscape of running a business, whether as a sole trader or within a limited company, requires a solid grasp of bookkeeping. This guide aims to provide clear, accessible insights into what bookkeeping is and how it benefits your...
FAQ Guide: Landlord Tax Deductions for UK Property Owners Using a Limited Company
Introduction Understanding tax deductions is crucial for UK landlords operating through a limited company, aiming to optimise their rental property’s financial performance. This guide addresses frequently asked questions to navigate tax deductions efficiently and...
FAQ Guide: Year-End Preparation for Limited Companies
Introduction Year-end accounting can seem overwhelming, but with the right information and preparation, it's a manageable process. This FAQ guide is designed to simplify what you need to know and do as a limited company director as your financial year concludes....
FAQ Guide: Year-End Financial Preparations: Your Accountant’s Role
Introduction As UK businesses approach the financial year-end, understanding the role of professional accountants in this critical period can pave the way for not just reflection but strategic advancement. This FAQ guide highlights how professional accountants can be...
FAQ Guide: Understanding the Recent Changes at Companies House 2024
Introduction The recent enactment of the Economic Crime and Corporate Transparency Act has introduced significant reforms at Companies House, aiming to enhance transparency, improve data quality, and increase accountability for UK companies. Below are frequently asked...
FAQ Guide: Understanding Reverse Charge VAT for UK Businesses
Introduction Navigating the reverse charge VAT mechanism in the UK can be complex, especially for businesses engaged in cross-border transactions. This guide aims to simplify the concept, ensuring you comprehend how it affects your transactions and bookkeeping...
FAQ Guide: Understanding Entertainment Expenditure for UK Limited Company Owners
Introduction Navigating the complexities of business expenses, particularly entertainment expenditure, can be challenging for UK limited company owners. This FAQ guide clarifies common questions regarding entertainment expenses, assisting you in making informed...
FAQ Guide: Understanding Company Tax for UK Businesses
Introduction Navigating company tax in the UK can be complex. This guide is designed to demystify the process, ensuring you understand your obligations, filing requirements, and deadlines. Who Is Liable for Company Tax? Q: Which entities are required to pay...
FAQ Guide: Tax-Efficient Profit Extraction for Small Limited Companies
Introduction As a small limited company owner/director in the UK, finding ways to efficiently manage and extract your profits while minimising tax liabilities is crucial. This FAQ guide outlines various strategies to help you optimise your company's earnings and...
FAQ Guide: Tax Essentials for UK Influencers and Bloggers using a Limited Company
Introduction The digital domain of influencers and bloggers has significantly impacted the UK's marketing arena, presenting unique opportunities for creativity and connection. Yet, managing a limited company adds a layer of complexity to the financial and tax...
FAQ Guide: Tax Deductions for UK Photographers
Introduction Operating as a photographer in the UK, whether as a sole trader or through a limited company, involves navigating a complex financial landscape, including understanding the tax deductions you're entitled to. This guide aims to provide clear, accessible...
FAQ Guide: Tax Deductions for UK Mobile Phone Retailers
Introduction Navigating the complexities of tax deductions is crucial for mobile phone retailers in the UK, ensuring both financial optimisation and HMRC compliance. This guide distils essential information into an FAQ format. Key Tax Deductions Q: What tax...
FAQ Guide: Tax Deductions for UK Marketing and Advertising Agencies
Introduction Navigating the financial intricacies of running a marketing or advertising agency in the UK presents unique challenges and opportunities, particularly in leveraging tax deductions. This guide aims to clarify the available tax deductions, helping agency...
FAQ Guide: Tax Deductions for UK IT Consultants
Introduction Navigating the complex tax landscape is a critical aspect of running a successful IT consultancy in the UK. This guide is designed to provide IT consultants with clear, accessible information about tax deductions, enabling effective financial management...
FAQ Guide: Tax Deductions for UK Architects
Introduction Navigating through the tax landscape is a crucial aspect of running a successful architectural business in the UK. This guide offers clear and detailed answers to common questions about tax deductions for architects, aiming to help you optimise your...
FAQ Guide: How to Pay Yourself a Dividend
What is a Dividend? Q: What exactly does a dividend mean for my limited company? A: A dividend represents a payment made by your company to its shareholders, typically from the profits earned. It's a way of distributing earnings back to the shareholders, often...
FAQ Guide: Mastering Mileage Claims for UK Limited Company Owners
Introduction Navigating mileage claims can significantly enhance tax efficiencies for UK limited company owners using personal vehicles for business purposes. This guide addresses common inquiries, providing insights to optimise this aspect of business expenses....
FAQ Guide: Managing Side Hustles Through a Limited Company
Introduction Venturing into side hustles through a limited company structure is an exciting way to diversify income and pursue personal interests alongside your main career. This FAQ guide covers the essentials of what you need to know to navigate this journey...
FAQ Guide: Lowering Your Company Tax Bill Legally
Introduction Understanding how to maximise deductions is key for small and micro limited company owners in the UK looking to reduce their corporate tax bill legally. Here are some strategic approaches and common queries addressed: Understanding Deductible...
FAQ Guide: Dividend Taxation for Limited Companies
Introduction Understanding dividend taxation is crucial for directors and shareholders of limited companies. Here's a simplified guide to help you navigate through dividend distribution and taxation. Dividend Basics Q: What exactly are dividends? A: Dividends...
Based in Berkhamsted, Hertfordshire and servicing the UK
Neame & Co is a trading name of Neame & Co Accountants Limited which is registered in England & Wales under Company Registration No. 14012065. Neame & Co is registered with the Information Commissioner’s Office under registration No. ZB377959. VAT Registration No. 422891687.
