{"id":1729,"date":"2018-02-14T10:44:08","date_gmt":"2018-02-14T10:44:08","guid":{"rendered":"http:\/\/www.pmabookkeeping.co.uk\/?p=1729"},"modified":"2018-02-14T10:44:08","modified_gmt":"2018-02-14T10:44:08","slug":"running-a-limited-company","status":"publish","type":"post","link":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/running-a-limited-company\/","title":{"rendered":"Running a limited company"},"content":{"rendered":"<h1 class=\"part-title\">1. Directors&#8217; responsibilities<\/h1>\n<div class=\"govuk-govspeak direction-ltr rich-govspeak disable-youtube\">\n<p>As a director of a limited company, you must:<\/p>\n<ul>\n<li>follow the company\u2019s rules, shown in its <a href=\"https:\/\/www.gov.uk\/limited-company-formation\/memorandum-and-articles-of-association\">articles of association<\/a><\/li>\n<li><a href=\"https:\/\/www.gov.uk\/running-a-limited-company\/company-and-accounting-records\">keep company records<\/a> and <a href=\"https:\/\/www.gov.uk\/running-a-limited-company\/company-changes-you-must-report\">report changes<\/a><\/li>\n<li><a href=\"https:\/\/www.gov.uk\/prepare-file-annual-accounts-for-limited-company\/file-your-accounts-and-company-tax-return\">file your accounts and your Company Tax Return<\/a><\/li>\n<li>tell other shareholders if you might personally benefit from a transaction the company makes<\/li>\n<li>pay <a href=\"https:\/\/www.gov.uk\/corporation-tax\">Corporation Tax<\/a><\/li>\n<li><a href=\"https:\/\/www.gov.uk\/log-in-file-self-assessment-tax-return\">register for Self Assessment<\/a> and <a href=\"https:\/\/www.gov.uk\/self-assessment-tax-returns\">send a personal Self Assessment tax return<\/a> every year<\/li>\n<\/ul>\n<div class=\"application-notice info-notice\" role=\"note\" aria-label=\"Information\">\n<p>You don\u2019t need to register for Self Assessment or send a tax return if your company is a non-profit organisation (for example, a charity) and you didn\u2019t get any pay or benefits, like a company car.<\/p>\n<\/div>\n<p>You can <a href=\"https:\/\/www.gov.uk\/tax-help\">hire other people<\/a> to manage some of these things day-to-day (for example, an accountant) but you\u2019re still legally responsible for your company\u2019s records, accounts and performance.<\/p>\n<div class=\"application-notice help-notice\" role=\"note\" aria-label=\"Help\">\n<p>You may be fined, prosecuted or <a href=\"https:\/\/www.gov.uk\/company-director-disqualification\">disqualified<\/a> if you don\u2019t meet your responsibilities as a director.<\/p>\n<\/div>\n<p>Contact your professional adviser or <a href=\"http:\/\/www.taforum.org\/Members\" rel=\"external\">trade association<\/a> to find out more.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>1. Directors&#8217; responsibilities As a director of a limited company, you must: follow the company\u2019s rules, shown in its articles of association keep company records and report changes file your accounts and your Company Tax Return tell other shareholders if&hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-1729","post","type-post","status-publish","format-standard","hentry","category-latest-news"],"_links":{"self":[{"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1729"}],"collection":[{"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1729"}],"version-history":[{"count":1,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1729\/revisions"}],"predecessor-version":[{"id":1730,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1729\/revisions\/1730"}],"wp:attachment":[{"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1729"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}