Insights
Practical guidance for UK limited companies and the accountants who advise them.
CT is due 9 months and 1 day after your year end, before you have even filed your CT600. Here is what is due when, the penalties for missing it, and how to make sure the money is ready.
Read articleSign up with Xero uses Xero as your identity provider. Here's what that means in practice, why Xero requires it for App Store certification, and how it changes the onboarding experience.
Read articleXero's CT figure is an accounting provision, not a tax calculation. Here's what it misses: associated companies, marginal relief, R&D, loss relief, and more.
Read articleS455 charge, the 9-month rule, bed and breakfasting, and optimal repayment strategies. What every director with an overdrawn DLA needs to know.
Read articleThe 25% main rate only applies above £250,000. Between £50,000 and £250,000 there's a sliding scale, and associated companies make it much more complicated.
Read articleWith employer NI rising to 15% and the threshold dropping to £5,000, the maths for director extraction has shifted. Here's what's optimal now.
Read articleProfit and cash are not the same thing. A business can show a healthy P&L and still hit a cash crisis in the same quarter. Here's the mechanics.
Read articlePension contributions, capital allowances, R&D relief, loss carry-back, the legitimate ways UK limited companies reduce their Corporation Tax bill.
Read articleDisallowable expenses, the depreciation gap, associated companies reducing your thresholds - the most common reasons the bill comes in above the P&L estimate.
Read articleThe 9 months and 1 day rule, large company quarterly instalments, CT600 filing deadlines, and the penalties HMRC charges for missing them.
Read articleQuarterly instalment payments for large companies, Time to Pay arrangements for companies that can't pay, and how to approach HMRC before the deadline.
Read articleHMRC's Connect system, the filing patterns that flag companies for enquiry, aspect vs full enquiry, and what to do if one opens.
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