Most UK limited companies do not have to appoint an accountant. Whether you should depends on your knowledge, the company's affairs and how much of the work you want to handle yourself.
A director's loan account records money moving between a director and their limited company that is not salary, a dividend, an expense repayment or repayment of money already owed. This guide explains how director's loan accounts work, what happens when an account becomes overdrawn and the tax consequences that can arise.
If you run your own limited company, there are several ways to take money from the business. Salary and dividends are common, but directors' loans, pension contributions and expense reimbursements can also be relevant. This guide explains the main options and some of the tax considerations for 2026/27.
If you run a limited company, the rules for business expenses are different from those that apply to a sole trader. This guide explains some of the common costs a company may be able to pay or reimburse, when Corporation Tax relief may be available and where benefit-in-kind rules can become relevant.
Choosing between operating as a sole trader or through a limited company can affect your tax, legal responsibilities, how you take money from the business and the amount of administration involved. This guide explains the main differences.
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Our guides provide general information, but accounting and tax treatment can depend on individual circumstances. If you would like to discuss your own situation, get in touch.
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