This course demystifies the core financial and compliance obligations involved in running a business. Participants will learn how VAT works, how Corporation Tax is calculated, and what’s required to operate payroll and auto enrolment pensions. The session also covers CIS responsibilities for contractors, the practical balance between dividends and salary, and why directors pay Corporation Tax and tax on dividends, as well as how employee benefits are taxed through PSA agreements.

Learning Takeaways

• Understand key tax obligations including VAT, Corporation Tax and the rules affecting salary vs. dividend decisions.
• Gain confidence managing employer duties across payroll, auto enrolment pensions, CIS requirements and reporting.
• Understand why directors pay CT and tax on dividends.