Practical explanations of the numbers that run a small business, written in plain English with worked examples.
Why company profit, distributable reserves and the cash you can take personally are three different numbers, and what happens if you take too much.
Read the article →Corporation Tax is usually payable nine months and a day after year end, three months before the return is due. Why that catches directors out.
Read the article →What a Director's Loan Account is, when it becomes overdrawn, and the Section 455 and benefit-in-kind consequences that can follow.
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