Hello NewcoYour company's first year, explained simply in plain English.
Hello Newco turns the rules every new director should know into short videos and plain-English guides: setting up, paying yourself, company tax and where your personal risk starts.
Read the video transcript
Just set up a limited company, or about to? This series is for you.
Setting one up online is quick. Running it properly is where people get caught out: missed deadlines, fines, surprise tax bills, and money taken out the wrong way.
Hundreds of thousands of companies start in the UK every year. So we've made six short videos covering your first year, in plain English.
Part one: your first ninety days. Part two: paying yourself properly. Part three: Corporation Tax. Part four: what you can put through the company. Part five: VAT. And part six: where limited liability stops.
It's general information, not advice, so check your own situation. Follow Hello Newco, and start with part one.
Six parts. One first year.
Follow a new director from day one. Parts 1 and 2 cover the set-up and your own pay, parts 3 to 5 cover the company's tax, and part 6 covers personal risk.
- 01Setting up
Your first 90 days
The jobs to tick off in your company's first three months, from the bank account to your first deadlines.
Read part 1 → - 02Your own pay
Paying yourself properly
Salary through payroll, dividends with the right paperwork, director's loans and when you need Self Assessment.
Read part 2 → - 03Company tax
Corporation Tax: what your company pays
Tax on profit, not turnover. The rates, when to pay and file, long first years and late-filing penalties.
Read part 3 → - 04Company tax
What you can put through the company
The “wholly and exclusively” test, what usually counts, 55p a mile and the catches to watch for.
Read part 4 → - 05Company tax
VAT: when you have to register
The £90,000 threshold, the two tests, 30 days to register, registering late and whether to register voluntarily.
Read part 5 → - 06Personal risk
Where limited liability stops
Personal guarantees, your duties as a director, wrongful trading when money's tight and disqualification.
Read part 6 →
Short, clear, and honest about its limits.
Watch
Each part is a short video you can watch here, on TikTok or on YouTube. One topic, no jargon.
Read
Every video has a page here with the key points, the deadlines and links to the official GOV.UK guidance.
Check
It's general information, not advice. Use it to ask better questions of your accountant or solicitor.