Limited Company Outgoings Explanation

[northernladuk]

You need to book sometime with your accountant. You pay for a professional service so they should be willing to spend some time with you to give you the broad understanding you need. Asking a few questions on here really isn't going to give you that.
You have a legal responsibility to run your company's finances properly so are better speaking to someone who can explain it and answer your questions. On here isn't the best way.

[Michelle863]

Hello
i wonder if someone can just take the time to quickly breakdown the costs regarding overheads for a small limited company, i mean as far as the goverment is concerned?

i.e corporation tax 20%, PAYE self assesment etc... from start to finish what comes from my profits to the goverment?.... i am a small limited company working on my own, no VAT..

i know corporation tax and PAYE self assesment are seperately treated.. i.e i know one is the business and one is me, but what are they all of them? lol... a brief overview of limited company costs i guess...

so i pay 20% corp tax then get my £11000 personal allowance and PAYE and NICS above that? isnt that a whole lot of tax? or am i missing something?

Thanks for the help in advance