Search Results

Should I be a Sole Trader or a Limited Company?

Which path should you choose? Of all the topics and information we’ve covered so far in this series, this might be one of the most difficult questions to answer. Before getting started it should be noted that we would always recommend speaking to a professional advisor to ensure that you fully understand your available options […]

How To Take Funds Out Of Your Company – For Incorporated Business Owners.

Growing your business and seeing profits increase is the aim for all businesses, especially when just starting out. However very early on you also need to consider how to remove money from your business effectively. There are many ways that a director or shareholder can take money out of the company and deciding on the […]

Setting Money Aside for Tax Bills. How Much Should You Save?

Unexpected tax bills are the last thing you and your business need.  As such, it is critical to the success of your business that you know precisely what to expect and when to expect it. With a little bit of help and preparation, you can do just that. At Moulds & Co Accountants, to ensure […]

If I don’t draw wages, do I have to pay tax?

If you’re self-employed you are essentially seen as not being paid by the business. Instead you are entitled to draw against the profits that the business makes.  As such even if you, the owner of the business, draw down no wages, you may still pay income tax. Why is this? To put it simply, you […]

Moulds & Co Ltd 2017