YF AccountingCompanies House Identity Verification: What Every UK Director Must Do in 2026
Every UK company director and person with significant control (PSC) now has to verify their identity with Companies House, and if you were appointed before 18 November 2025…
Allowable Expenses for Limited Companies: What You Can Claim in 2026/27
Your limited company can deduct any cost it runs up wholly and exclusively for the business, which lowers the profit you pay Corporation Tax on at 19% or…
Limited Company Pension Contributions: The £60,000 Allowance
Your limited company can pay up to £60,000 a year into your pension as an employer contribution, with full corporation tax relief, no employer or employee National Insurance,…
S455 Tax Rise 2026/27: What It Means for Director’s Loans
The s455 charge on overdrawn director’s loan accounts rose from 33.75% to 35.75% on 6 April 2026, tracking the increase in the dividend upper rate. The new rate…
Trivial Benefits: The £50 Tax-Free Perk Directors Forget
Trivial benefits are small non-cash perks of £50 or less that your company can give you and your staff completely free of tax and National Insurance, with nothing…
Director’s Loan Accounts: The Hidden Tax Trap Inside Your Own Company
A director's loan account (DLA) is the running record of money moving between you and your limited company that is not salary, expenses or dividends. If you owe…
Salary vs Dividends 2026/27: The Most Tax-Efficient Way to Pay Yourself from a Limited Company
For most limited company directors in 2026/27, the most tax-efficient way to pay yourself is a low salary of £12,570 or £5,000, with the rest taken as dividends,…
Sole Trader vs Limited Company: Which Is Better in 2026/27?
For most people starting out in 2026/27, sole trader is the better choice: it is simpler, cheaper to run, and since dividend tax rates rose in April 2026…
UK Corporation Tax Explained: Rates and Reliefs 2026/27
Corporation tax in 2026/27 works on a tiered system: your company pays 19% on profits up to £50,000, 25% on profits over £250,000, and an effective 26.5% on…