There may come a point when you no longer need to trade through a limited company, however as the business is a legal entity the process of closing a company is far from simple. This guide explains the steps involved.

Read this article to find out about the tax implications of a company ceasing to trade.

Read this article to discover the rules for waiving dividends.

Read this article to see whether your company should be considering disincorporation as more accounting detail will shortly be made available to the public.

Read this article to find out the ways that a company can be split.

Read this article to find out the financial impact on your company should your company be ‘associated’ with another. #taximplications #associatedcompanies

All taxpayers are entitled to a dividend allowance and can enjoy dividend income up to the level of the allowance tax-free. Read this article to discover whether you should declare a dividend before the end of the tax year to prevent your dividend allowance from being wasted.

The trivial benefits exemption allows employers to provide low-cost benefits to employees without triggering a tax liability. Read this article to find out the conditions that must be met and the traps to avoid.

Corporation tax was reformed from 1 April 2023. Read this article to find out how your corporation tax liability will be calculated under the new rules.

The dividend allowance is reduced from £2,000 to £1,000 from 6 April 2023 and to £500 from 6 April 2024. Read this article to find out whether an alphabet share structure is still beneficial.

Read this article to find out about the rate of section 455 tax on outstanding director’s loans. #directorsloans #section455tax

From 1 April 2023, the rules are changing such that the rate of corporation tax that a company pays, and when, will be dependent on the level of its profits as well as the number of its associated companies.

Approved mileage allowances can be paid tax free. This article explains the action you can take if they do not cover actual costs. #AMAP

Read this article to find out what you can do is a notice to strike off your company is published in the Gazette #involuntarystrikeoff

Read this article to find out how to use available dividend allowances to extract profits from a family company #dividendallowance

Read this article to discover 5 tax-efficient ways to extract profits from a personal or family company #profitextraction #salary #dividends

Because of the pandemic, the carry-back window for loss relief was extended. Where companies want to claim under the extended rules, it can be done online ahead of the tax return filing date. Learn more in this article. #companytax #taxadvice

If your company is no longer trading and does not have any other income, you can tell HMRC that it is dormant. This will relieve you of the need to file a company tax return or pay corporation tax.

It is only permissible for a company to deduct expenditure in computing its taxable profits if incurred wholly and exclusively for the purposes of the trade. Since a company is a separate legal entity that stands apart from its directors and shareholders, it will not incur personal expenses.

The corporation tax self-assessment return (CTSA) must be submitted to HMRC along with the accounts and tax computations, although it is possible to file all this information online through the HMRC website.