Some reasons -
Separate and protect personal assets if get sued by customer, employee etc. although with the bank guarantees we sign this is reduced.
Some customers won't deal with a sole...
Type: Posts; User: MB2
Some reasons -
Separate and protect personal assets if get sued by customer, employee etc. although with the bank guarantees we sign this is reduced.
Some customers won't deal with a sole...
The grants (at least the 10k) are for anyone in receipt of small business rates relief - so that is the clip level the govt has set. What is a bit silly is they are issuing it to small enough...
If I pay for a customer's lunch then I ask for the receipt and it is put into the accounts.
However no VAT is reclaimed on it and it does not benefit the company against corporation tax. The...
I don't want to sound like a broken record either but to claim VAT back something has to have been purchased solely and exclusively for business use - just like your employer will claim the VAT back...
In fairness most accountants will have just told the director to remunerate themselves as such.
I expect this isn't so much an attack on directors but a concern that many "one man ltds" will...
Unfortunatley, both for the general perception of the self employed and also for those who took advantage some tried to achieve this, by being paid with convoluted loans via a trust in the IOM or...
I can see how I would Furlough my employees but struggling to see how I would furlough myself as I think if there is no work for me the company can't exist.
I do see how a "one man ltd" could...
I would agree that it can look like this to an outsider. I run a Ltd with employees and have been worried about keeping them in work and paying their salaries. There is also an important difference -...