A Good-To-Know List for Directors: As far as PAYE is concerned, a director is an employee of their company. A director is neither a self employed nor a freelance worker performing tasks for their company. Therefore a director is not eligible for the Coronavirus Grant for the self-employed. A director on payroll on 28 February … Continue reading
Did you know that as a limited company director, you could get yourself and your employees (if you have any) gifts several times a year and have the cost treated as tax-free? The caveats (yes, there are always some) are that they can’t be: cash or cash vouchers contractual entitlements rewards for performance/effort £50 or … Continue reading