One of the most common surprises for new company directors is discovering that they still need to file a Self-Assessment tax return — even if all their income is received through their company.

Here’s why HMRC asks for it, and what it means for you.

One of the most common questions directors ask is: “How much can I actually take out of my company?”

The answer depends on how you take the money, because not all routes are equal in the eyes of HMRC.

One of the most common questions directors ask is: “How much can I actually take out of my company?”

The answer depends on how you take the money, because not all routes are equal in the eyes of HMRC.

If you run a limited company, you’ll need to pay Corporation Tax on your profits. But what is it, how is it worked out, and when is it due? Let’s strip away the jargon.

This time, we’re looking at something that confuses nearly every business owner at some point: why your accounts say one thing, but your bank balance says another.