[ˈlɪmɪtɪd ˈkʌmpəni]
A Limited Company is a type of organisation that is established to run your business while protecting owners from personal liability.
A Limited Company is a type of business entity that is legally separate from its shareholders. They are often set up to protect owners from personal liability for things like business debt.
Limited Companies are established through Companies House. Directors of the company are legally responsible for keeping accounting and tax obligations up to date and correctly filing them on time. The company is required to pay Corporation Tax on profits and have to register for VAT when their turnover exceeds £85,000.
Limited Companies have legally separate finances to their owners. This is different to being a Sole Trader, where you own the same assets and liabilities as the business.
January 31st is the deadline for submitting 2022/23 tax returns. It's a good idea to complete your tax return ahead of this deadline to avoid mistakes and potential penalties. This article shows why its a good idea to submit your tax return early and how Earnr can help you if you are stuck.
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We recently introduced our newest addition to the Earnr team; our AI chat bot, Earnr AI. In this article we put Earnr AI to the test and asked it why you should use Earnr as your tax companion, bookkeeping tool and tax return assistant. Read it's excellent response!
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The festive period is often thought of as the busiest time of the year with the run up to Christmas and New Year. Whilst this period can feel hectic at times, it can also be seen as the perfect time to complete your tax return. In this article we explain why this Christmas time is the best time to submit your 22/23 tax return.
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