News & Information

Limited company saving their taxes

Ways a limited company can reduce their tax bill

As a hard-working business owner, you’ll be the first to know that running a limited company comes with its fair share of responsibilities, and paying taxes is a big one. The great news is that there are several things you can do to reduce your tax bill and save money. Some of our top suggestions

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Person making a business tax account

How do I make a business tax account in the UK?

For small business owners, managing various business tax responsibilities like VAT, PAYE and Corporation Tax can be challenging, cumbersome and time-consuming. But there is a way to manage all your business taxes in real-time and in one place. Simply register for online tax services and say hello to a more efficient and hassle-free way of

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Company director considering lending and borrowing to company

How do directors’ loans work?

Running a business isn’t always easy work, especially when balancing the day-to-day business tasks with managing finances. You may find from time to time that you need to lend money to your company or even borrow money from your company – this is what is known as a director’s loan. A director’s loan is one

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tradesmen business expenses

Guide to business expenses for tradesmen

So you’re a tradesman and want to grow your business! It’s tough enough running your business, so why are things like business expenses so complicated? After reading this blog, you’ll know the easiest way to do things properly and understand why. As a self-employed tradesman, operating your business involves many running costs, also known as

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Tax considerations before selling property

Tax considerations before selling property

Are you a landlord or property investor considering selling your home? When selling real estate, it is important to understand the complexities of capital gains tax and other aspects of property accounting to ensure you are minimising how much tax you need to pay and making the most tax-efficient savings. There are several tax considerations

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What tax deductions can I claim on my investment property?

What tax deductions can I claim on my investment property?

As a property investor, you can make significant tax savings on your investment properties by claiming them as allowable expenses on your tax return. Allowable expenses for landlords can vary for different types of investments, but ultimately, working with an experienced tax specialist can reduce your tax bill and increase your rental property income. What

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Are employee benefits tax efficient for limited companies?

Are employee benefits tax efficient for limited companies?

In addition to building a trusted workforce and retaining your most valuable employees, providing an employee benefits package can result in significant tax savings for your limited company. Employee benefits are additional perks employees receive outside of their salary. When structured correctly, these benefits, such as private healthcare, company cars and childcare vouchers, can be

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office space and equipment rented out to limited company

Can you rent personal assets to your limited company?

As professional accountants, some of the questions we’re most frequently asked by limited company owners are about tax relief. It’s often a delicate balancing act between the benefits for the company and the individual. What may surprise you is that there is one particular legal ‘loophole’ that is beneficial to both. As a director, you

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How to maximise your pension plan tax efficiently as a company director

How to maximise your pension plan effectively as a company director

As a limited company director, securing a comfortable retirement is no doubt a priority. But, as accountants, we see many directors who are not making pension contributions through their company and therefore missing out on a valuable tax-saving opportunity. Company directors can benefit from extracting money from their business through pension contributions of a value

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guide to borrowing and loaning from your limited company

Guide to borrowing and loaning to a limited company

Lending to your own company is a good way to grow your business and can come with tax benefits. Like most financial transactions, there are tax implications. Lending/borrowing money from limited companies has risks and benefits: Risks: Non-repayment Associated tax risks Possible strain on company cash flow Benefits: Access to additional capital Flexibility Tax advantages

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It Is Easy To Switch Accountants!

Just because you might have accountants in Nottingham doesn’t mean you have to stay with them. If they aren’t doing enough for you, helping you to save money on tax and other bills and developing your business, you should think about changing. 

It’s easier than you think. It only takes a few minutes, and it could dramatically alter your business for the better. 

If you want to go ahead and change accountants to Archimedia Accounts, we will have a few letters sent to you in the post, which you simply pass on to us. And we will liaise with your previous accountants to get any additional details and information we might need. That’s all it takes to get progressive, proactive accounting from a company that cares about your business and will help you to succeed even more.