What Is a Trade Deficit?
A trade deficit occurs when a country imports more goods and services than it exports. Here is what it really means, why it is…
What Is a UTR? Unique Taxpayer Reference Explained
A UTR is your Unique Taxpayer Reference, a 10-digit number HMRC uses to identify you for Self Assessment and tax. This guide…
What Is an LLP? Limited Liability Partnerships Explained
A limited liability partnership combines the flexibility of a partnership with the limited liability of a company. This UK guide…
What Is a Business Partnership?
A business partnership is a structure where two or more people run a business together and share its profits. This UK guide…
What Is a Community Interest Company (CIC)?
A community interest company is a type of limited company designed for social enterprises that trade for a community benefit…
What Is a Dormant Company?
A dormant company is one that is not trading and has no significant accounting transactions. This guide explains what dormant…
What Is a Confirmation Statement?
A confirmation statement is an annual filing that confirms your company details held at Companies House are correct. This guide…
What Is Corporation Tax?
Corporation Tax is the tax a UK limited company pays on its profits. This guide explains what counts as profit, how the…