If you’re a director of a limited company, you should be on the payroll — even if you don’t draw a salary
If you pay any staff, then your business will need a payroll that accounts for tax and national insurance on their payments. Each tax year end, youll need to produce a payroll return that shows these deductions.
As a sole trader youre not counted as a member of staff, but if youre a director of a limited company, you do qualify as staff and should be on the payroll even if you dont draw a salary.
We can prepare your monthly wages and associated year end returns, and give you advice on all aspects of payrolls.
The type of records you have to keep, by law, will depend on what sort of business you run and how it trades.
VAT is a complex subject, but don’t worry - you don’t need to know everything. However, it’s worth seeking our help
New legislation requires company directors to demonstrate that they have planned for their company to be successful.
Year end accounts
All businesses have to provide year end accounts for the tax man, which must be prepared in accordance with the rules
If you pay any staff, then your business will need a payroll that accounts for tax
The law requires every Limited Company to submit an annual Corporation Tax return.