Recent content by User_Name_2

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    1 man band Ltd director - I was not trading in 2025/26 and want to make the company dormant - how to approach the final steps?

    I paid my final salary and dividend at the end of March 2025 and then from April it was dormant, no trading, no income, no expenses. I only had my PAYE scheme open, as I wasn't sure if I start a new contract or not, but I finally didn't so I ceased PAYE earlier this year, no payments were made...
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    1 man band Ltd director - I was not trading in 2025/26 and want to make the company dormant - how to approach the final steps?

    Hi Everyone, I had been a one- man band Ltd company director for years but decided to stop trading and try my luck with something else. Because I took a year off and was not sure how things would work out, I left my PAYE scheme open for the current tax year (2025/26). However, now I know that I...
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    Are Evri really that bad?

    My story from today: I am not writing here asking for anything, it is just for your information, to add one more topic to never ending EVRI stories. They left 3 parcels outside of my building today, right next to a busy road, and were smart enough to take a photo of it as proof of delivery...
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    Higher tax rate - is contributing towards my pension a good idea to lower it? Ltd Director

    Here is how I worked that out. Scenario 1 - I pay out that £4000 as dividend: That means, I get £4000 in higher tax rate - 33.75% bracket - £1350 tax to pay. On top of that, I can't claim it as my company expense obviously, so my CT is £800 higher. Tax to pay = £1350 + £800 = £2150 Scenario 2...
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    Higher tax rate - is contributing towards my pension a good idea to lower it? Ltd Director

    It's not that I am fixated, it is the first year when I am in Higher Tax rate, before I could withdraw 100% without any implications to my SA tax. The reason I don't want to keep is because I will most likely be on higher day rate from April, so at the end of the next tax year, I would have to...
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    Higher tax rate - is contributing towards my pension a good idea to lower it? Ltd Director

    It used to be but this year theoretically £12570 Salary instead of £9100 is a better option, but only slightly and it requires to pay NI every month, so just another hassle that would save me maybe £150 a year. Other than that, low salary + dividend is the best option. BTW. I think I am going...
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    Higher tax rate - is contributing towards my pension a good idea to lower it? Ltd Director

    Because along with minimum salary, you get dividends too.
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    Higher tax rate - is contributing towards my pension a good idea to lower it? Ltd Director

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    Higher tax rate - is contributing towards my pension a good idea to lower it? Ltd Director

    Hi Everyone, My first post here! I am a one man band Ltd Director in construction. Since all my accounts are dead simple, I decided to stop using an accountant few years ago, and have been doing it myself since. No issues so far until this year. Now this year, since it is the first time I...
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