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Blog

Welcome to The Formations Company Blog. Here we’ll share the latest news and helpful tips to make starting your business a little easier. Whether you’re looking for information on how to chase an invoice, tax, marketing your business or just looking for inspiration, there’s something here for everyone.

happy female sitting working on computer in the lounge about to start a limited company with business bank account
Running your BusinessStarting a business
Being a director of a limited company blog series: Part 10 – Important dates for a director of a limited company

Being a director of a limited company blog series: Part 10 – Important dates for a director of a limited company

In the last part of this blog series we’ll look at the key dates that as a director of a limited company, you will need to know to avoid any penalties:   Key dates for limited company fillings   Confirmation statement – This needs to be filed every 12...

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Running your BusinessStarting a business
data protection
Being a director of a limited company blog series: Part 9 – Data protection

Being a director of a limited company blog series: Part 9 – Data protection

Data protection applies to businesses of all sizes, so long as they handle personal data about their customers or employees. Under the Companies act 2006, directors may personally be responsible for breaches in data protection, for example, if a director is aware...

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Running your BusinessStarting a business
Pay yourself
Being a director of a limited company blog series: Part 7 – Paying yourself

Being a director of a limited company blog series: Part 7 – Paying yourself

An important and exciting aspect of being a director of a limited company is getting paid. As a limited company, this can be very tax-efficient once you’re in profit.   Whilst you should always seek professional advice from an accountant when it comes to...

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Running your BusinessStarting a business
Pension
Being a director of a limited company blog series: Part 8 – Contributing to your pension

Being a director of a limited company blog series: Part 8 – Contributing to your pension

As a limited company director and owner, contributing to your pension is something that you need to know about as it can have significant tax advantages.   State Pension   The first point we’ll discuss is that if you pay yourself a salary under the Lower...

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Running your BusinessStarting a business
Limited company tax
Being a director of a limited company blog series: Part 5 – Limited company tax

Being a director of a limited company blog series: Part 5 – Limited company tax

As a director of a limited company, it’s your responsibility to make sure that your taxes are filed on time. The type and amount of tax you have to pay will entirely depend on your company. We suggest you seek out professional tax guidance when dealing with tax....

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Running your BusinessStarting a business
limited company expenses
Being a director of a limited company blog series: Part 6 – Expenses

Being a director of a limited company blog series: Part 6 – Expenses

As a limited company director, you can claim business expenses to get what you need to operate successfully and be more tax efficient.   It’s Important that as a director of a limited company, you have a clear understanding of what you can and can’t claim for...

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Running your BusinessStarting a business
Business
One thing you must consider if you’re running or starting a transport business

One thing you must consider if you’re running or starting a transport business

As you may have read in just about every news website, paper and social media channel there is a shortage of HGV drivers that have led to disruptions in the distribution of food, groceries and fuel resulting in no chicken at everyone’s favourite peri peri chicken...

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