March 2014 Blog

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In the Know: What is a P11D form and does it affect me?

Published on Tuesday, June 20, 2017

Written by Churchill Knight

HMRC is well-known to have time-consuming and sometimes complicated forms that you are required to fill out as a limited company director. The P11D is one of these; essentially, a P11D reports the benefits paid out to a company’s employees. These items are known as ‘benefits in kind’ and as a contractor with a limited company, you may at some point need to fill out a P11D form. Read more...

In the Know: What is a Director's Loan?

Published on Monday, March 17, 2014

Written by Churchill Knight

Back up plans can be a valuable thing. Take Director’s Loans for example. Useful when running a limited company and can act as a handy back up. Most contractors might never need to use it, however, if you decide you need to take out money from your business account that exceeds how much you have, the money is then treated as a loan to the company. Read more...