What expenses can I put through my business?
Being a bit cheeky about what business expenses can be claimed may seem harmless in the moment. For example, like most of us this past year you’ve been working from home. You’ve noticed a great spot just right for a hot tub outside of your home office window, so you...
Why you need a Government Gateway account and how to set one up
The Government Gateway is a central place where you can register to use online Government services. The User ID and password you receive as part of the sign-up process will enable you access many of HMRC’s digital services including your personal tax account. As best...
When should I register for VAT?
VAT can be a source of curiosity and confusion for business owners. Do you have to register for it or do you choose to? When is it necessary? And why? Is it a good thing? Though you can choose to voluntarily register for VAT at any time, there is a VAT registration...
How does National Insurance work for a company director?
As a company director, your earnings are subject to National Insurance (NI) in the same way as all employees’ earnings are. It is treated differently in the way it’s calculated. If you’re a limited company director, you’ll pay both employers and employees...
What is the process to pay a dividend
You want to pay a dividend because you’ve heard it’s the most tax-efficient way of taking an income from the business. But the process isn’t as simple as just drawing out cash. With dividends, its important you follow the right steps. HMRC are hot on compliance checks...Follow Starfish Accounting
