Description: Helpful Comments on Tax and Finance - Bicknell Business Advisers Limited www.bicknells.net
Helpful Comments on Tax and Finance – Bicknell Business Advisers Limited www.bicknells.net
One of the key reasons you trade through a limited company is to reduce your liability as a director. And one key benefit of getting incorporated as a company is that you – as a company director – are not generally liable for any amounts owed by the company.
But, did you know that, under some circumstances, HM Revenue & Customs (HMRC) can transfer the liability for some unpaid taxes to you as an individual?.