You can learn more from our asked questions
Here’s a selection of our most frequently asked questions(FAQs). If you can’t find the answer you’re looking for, our team are on hand to help.
The expenses that incurred wholly and exclusively for business purpose can be claimed as expenses. For more details on what specific expenses can be claimed based on the nature of business, please contact us on 02079938850
You can withdraw via salary, dividend or director loan account. There are different tax implication with different options. For more information, please contact us on 02079938850.
If your director’s loan accounts at year end date is overdrawn then you may need to pay extra tax. However, if you pay loan within 9 months and 1 day of the year-end, you do not have to pay tax. In other scenario, if loan is not paid after 9 months and 1 day of the year-end, any overdue amount of a director’s loan account- company pays additional 32.5% corporation tax.
You can claim business related phone and car expenses based on the usage for the business purpose.
The deadline for filing your corporation tax return is within 12 months of the end of your company's accounting period. However the deadline for paying your corporation tax is within 9 months plus 1 day from the end of the accounting period. To help manage your company's filing deadlines, please contact us on 02079938850.
Insurance cover is allowable expense if you can prove that the cover is necessary solely for business purpose. Some of the business insurance includes Professional indemnity insurance, Public liability insurance and Employers' liability insurance.
Still have you any problem for solutions?
For any inquiries relating to my Retail and Leadership Programs or Coaching and Mentoring services feel free to speak to me personally by call us during business hours.
Head office address:
Unit 101, First Floor, Cervantes House, 5-9 Headstone Road, Harrow, HA1 1PD
Call for help:
020 7993 8850
Mail for information: