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Companies House Identity Verification: Your Options as a Director
Companies House has introduced new identity verification requirements for all UK company directors as part of government reforms to improve corporate transparency. As your accountants, we want to explain what this means for you and the two main ways you can complete your verification.
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Directors' Salary vs Dividends: Optimising Your Tax Efficiency
As a company director, one of the most important decisions you’ll make is how to extract money from your business. The balance between taking a salary and receiving dividends can significantly impact your overall tax liability, making this a crucial area for tax planning.
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Making Tax Digital for Income Tax: What You Need to Know
HMRC’s Making Tax Digital (MTD) initiative continues to expand across different tax types, with Income Tax Self Assessment set to be the next major implementation. This represents a significant shift in how individuals and businesses will need to manage their tax affairs, moving from annual submissions to quarterly digital reporting.
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