Tax Smart Group explain Class B Shares and its relevance to Contractors Before looking at Class B shares we must clear up the two main types of shares that exist in a limited company – Ordinary Shares and Preference Shares. The main difference between these two types of shares is that Preference Shares carry a right to be paid Dividends before Ordinary Shareholders.
Below is a list of ‘HMRC allowable expenses’ claimed by majority of contractors operating through a limited company. This list is not exhaustive, for the A to Z of HMRC allowable expenses under a limited company please visit HMRC website @ gov.co.uk and search term ‘expenses and benefits a to z’
Raising money can at time be a very daunting process. Banks are not lending to small businesses and this has caused a huge gap in the market.