Main points from the budget (29 October 2018)

Here are some of the key points from the budget of 29 October 2018: Savings The ISA allowance is held at £20,000. The Junior ISAs annual allowance and Child Trust Funds for 2019/20 will be increased in line with CPI to £4,368. National Savings and Investments (NS&I) have announced the minimum investment for premium bonds Read more about Main points from the budget (29 October 2018)[…]

Scam emails claiming to be from Companies House

Some customers have received fraudulent emails claiming to be from Companies House.  An example of an email is below: The email is sent from: “noreply@cpgov.uk” with the following message: These emails are not from Companies House If you receive any emails from this sender or an email like this, forward them straight on to phishing@companieshouse.gov.uk as soon as Read more about Scam emails claiming to be from Companies House[…]

UK’s ‘first ever’ successful prosecution for false company information

Kevin Brewer pleaded guilty to breaking section 1112 of the Companies Act 2006, which sets out the criminal offence of providing false information on the company register. He was fined £1,602 and ordered to pay costs of £10,462.50 and a Victim Surcharge of £160. The Story Kevin Brewer, a businessman, incorporated John Vincent Cable Services Read more about UK’s ‘first ever’ successful prosecution for false company information[…]

Profit and loss account explained

As a director of a limited company, you are responsible for filing accounts with Companies House and a corporation tax return with HMRC each year. Although most people appoint an accountant to handle this, it’s sill important to have a basic understanding of how your accounts are put together. You may think that if you Read more about Profit and loss account explained[…]

As a director, what should I pay myself in 2018/19?

Such a simply question, you would think, however it produces a complicated answer. For this calculation, we have assumed the following: The director wants to preserves their entitlement to state benefits, and The director wants a salary which saves the most tax and national insurance. First of all let us look at preserving your entitlement Read more about As a director, what should I pay myself in 2018/19?[…]