Running a limited company is never just about doing the work you love. There’s admin. There are accounts. There’s tax. And for neurodivergent business owners—whether they have autism, ADHD, dyslexia, or another form of neurodivergence —the mental load can feel even heavier. We know this because we’ve lived it. At Beansprout, our co-founders bring both neurodivergent and neurotypical...
What is a Dividend? A Simple Guide for Business Owners If you run a limited company, you’ve probably heard the term ‘dividend’ thrown around. But what exactly is a dividend? How do you pay yourself legally without getting into trouble with HMRC? And what happens if you accidentally get it wrong? This blog will break...
Running a small, limited company comes with its own challenges, and one of the biggest is ensuring you remain tax efficient. With changes announced in the 2024 Autumn Budget, it’s essential for directors and shareholders to rethink their salary and dividend strategies for 2025/26. Here’s a guide to help you navigate the most tax-efficient options. ...
If you’re earning £1,000 or more in property rental income, you are legally required to report this to HMRC via an annual Self-Assessment Tax Return. For some, becoming a landlord happens accidentally, and they may be unaware of the rules. Others may have simply missed the deadline due to a busy schedule. Regardless of the...
Running your business can be enough of a challenge, without missing key deadlines or updates to the tax rates and thresholds. No one wants to incur unnecessary stress, penalties, or fines. Staying on top of the key dates and deadlines means you remain compliant, puts you in a good place to take advantage of tax...
If you are thinking of starting a Limited company or have recently done so, it’s important to understand what is expected of you as a director. Directors are required to meet seven key duties as outlined in The Companies Act 2006. Failing to adhere to these duties can result in fines, penalties, and even bans...
When I launched my own business, back in October 2023, I knew I would need to get visible if people were to buy from me. Deep down I hoped that I could hide behind social media content and blog posts, like this one, because the thought of face-to-face networking terrified me! Just nine months later...
Our guest blogger, Angela James of Yolo Wealth Ltd, explores the power of the compound effect and how incremental payments and savings can have a big impact on your financial security. The compound effect refers to the principle that small actions, consistently taken over time, can lead to significant results. It’s like compound interest in...
Running a small business is challenging and quite often it can feel like you are working incredibly hard for very little reward. Not making enough profits? That’s when it becomes very easy to get lost in implementing an array of tactics to try and improve results. Quite often the first response is “I need to...
A Director’s Loan Account (DLA) can be a useful tool for managing finances in a small business. However, it can also arise unintentionally and lead to unexpected tax implications if not handled correctly. In this blog we will explain what a Director’s Loan Account is, how it can be used, and the potential tax consequences,...
At Beansprout, we are more than accountants. Empowering, nurturing and forever curious – at Beansprout we support ambitious business owners to grow their business using our Numbers, Narrative and Nurture approach. Call Us: 01525 306920 Message Us: letschat@bean-sprout.co.uk Beansprout Consultancy Ltd
Empowering, nurturing and forever curious – at Beansprout we support ambitious business owners to grow their business using our Numbers, Narrative and Nurture approach. Call Us: 01525 306920 Message Us: letschat@bean-sprout.co.uk Company Number: 14959795
About Beansprout
Company Number: 14959795
Registered Address: Capability House, Wrest Park, Silsoe, Bedfordshire, MK45 4HRAbout Beansprout
Registered Address: Capability House, Wrest Park, Silsoe, Bedfordshire, MK45 4HR
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