Your annual accounts show your company's financial position at year end, including profit, assets, liabilities and equity. Here's what each section tells you.

The answer depends on your target income, what you've built up and how the business is structured. Here's how to work out where you stand and what to do next.

Regular financial reviews with your accountant help you stay in control, make confident decisions and keep your business on track toward your longer-term goals.

PAYE is the system HMRC uses to collect Income Tax and National Insurance from employment income. Here's how it works for limited company directors and their staff.

National Insurance is a tax on earnings and profits that funds the NHS and your State Pension. Here's how it works and who has to pay it.

A confirmation statement is an annual filing that confirms your company's details at Companies House are accurate and up to date. Here's what's involved.

VAT is a tax on most goods and services, and UK businesses must register and charge it if their VAT-taxable turnover exceeds £90,000 in a 12-month period.

A limited company is a separate legal entity from its owners, with its own tax position, limited liability and a formal structure for running a UK business.

Corporation Tax is a tax on company profits in the UK, charged at 25% for most companies, with reliefs and thresholds depending on profit levels.

A director’s loan records money moving between you and your limited company outside salary or dividends, and shows who owes who at any point in time.