Budget 2013 – Directors and Staff Loans
Good news, the exemption threshold for employment-related loans has been increased for 2014/15 from £5,000 to £10,000, as long as the balance is below this level there is no tax charge for employees...
View ArticleWhat are Directors Emoluments?
The reporting requirements are set out in The Large and Medium Sized Companies and Groups (Accounts and Reports) Regulations 2008, obviously emoluments include: Salary Bonuses Compensation for Loss of...
View ArticleGoodbye to Corporate Directors….
Corporate Directors have been particularly useful to Groups, its easier and more flexible to show the parent company as the director than to name a specific person, but as a result of the Small...
View ArticleCompanies House reports are now Free!
We all like getting something for free, well now you can get free access to 170 million company records. In line with the government’s commitment to free data, Companies House announced on 22nd June...
View ArticlePayroll Bureaus – Does Auto Enrolment Apply to your Director Clients?
Originally posted on Business Accountant: Auto Enrolment is about to hit its peak with over 500,000 small and micro employer set to stage in 2016. With this high volume of micro employers staging...
View ArticleWhat are tax implications if a company pays a Directors personal expenses?
It’s not uncommon for Directors personal expenses to get mixed up with business expenses, for example the director is out buying things for the company and picks up some items for themselves at the...
View ArticleDo Directors really have to do self assessment returns? read What happened to...
The official guidance for Directors is… As a director of a limited company, you must: follow the company’s rules, shown in its articles of association keep company records and report changes file your...
View ArticleDo Directors need to list directorships where they had no income? Self...
This question comes up every year. “I am a director of lots of companies but only get paid by one company, do I need to list them all?” Some people make up dummy Payroll Numbers and list directorships,...
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