LIMITED COMPANY:
After helping you with incorporation, our job is to explain your responsibilities as a company director and your company’s reporting obligations to relevant authorities. We follow relevant standards to ensure that your accounts and corporation tax returns are in compliance with the requirements of Companies House and HM Revenue & Customs.
Services we provide :
- Preparation of year-end statutory accounts and corporation tax returns
- Bookkeeping, preparation of VAT returns and advice on VAT schemes
- Advice and support in relation to Making Tax Digital (MTD) for VAT
- Personal and corporation tax planning
- Preparation of self-assessment tax returns
- Company formation and statutory services
- Interim financial reporting, cash flow forecasts and budgeting
- Setting up and improving accounting systems
- Research and development tax credits
- Payroll services
- Pension auto enrolment services
- Act as an agent on your behalf and deal with HMRC
- Email and telephone support throughout the year
SELF EMPLOYED:
Self employment is the simplest way to start a business. It doesn’t involve any registration fees. The only drawback is that you are personally liable for any debts that your business runs up. If you are self-employed, you would need to complete a Self-Assessment tax return. We can complete and file your return online. You would need to pay any Income Tax and National Insurance you owe for a tax year in two instalments i.e. January and July, plus a final ‘balancing payment’.
Services we provide:
- Register you for self employment
- Help you with your personal tax planning
- Prepare and discuss your self employment accounts with you
- File your Self-Assessment tax return
- Guide you on whether your business needs to be registered for VAT, and advise on a suitable VAT scheme for your business
- Payroll services and advice
- Guide you on how tax system works in the UK
- Guide you on how to keep good records
- Provide you list of possible allowable expenses
- Advise you about the tax liability and due dates
- Act as an agent on your behalf and deal with HM Revenue Customs
- Email and telephone support throughout the year
PARTNERSHIPS:
A partnership works in a similar way to a sole trader, but includes two or more people. A written agreement should be in place between the partners and profits are usually shared between the partners according to the agreement. Though profits may be shared unequally, liabilities which may arise are shared jointly. This is something that everyone involved in a partnership should be very clear about. Even if you only own 1% of the business you will still be responsible for 100% of the liability.
Services we provide:
- Register you as a partner in a business with HMRC
- Register your business as a partnership
- Prepare & file partnership tax return
- Prepare & file Self-Assessment tax return for each partner
- Guide you on how tax system works in the UK
- Advise you about the tax liability and due dates
- Act as an agent on your behalf and deal with HM Revenue Customs
- Email and telephone support throughout the year