Following the end of the 2018/19 tax year, you are required as director of your own limited company to produce dividend vouchers for all dividends that were declared in the tax year. We explain dividend vouchers and why they’re required by HMRC.
The amount you can borrow and the way it’s calculated depends on the lender, your legal status (sole trader, limited company director or partnership) and your previous years’ accounts. Keep reading to find out everything you need to know about getting a mortgage as a self-employed worker.
Automated letters can cause stress for contractors when the information given in the letter is incorrect or alluding to a tax payment that is not due. Here we detail what these automated letters can say and how to handle receiving one.
Keeping accurate business records means you (or your accountant) have the correct information in regards to income, business expenses and more. Keeping good business records will mean you are able to file your tax returns correctly and pay the right amount of tax.