BUSINESSES
We work alongside you, supporting you in making good business decisions, ensuring you remain tax efficient, keep good records, meet deadlines and helping you plan for the future. Advising you on tax and accounting implications throughout your business journey.
LIMITED COMPANY
A limited company can be used for simple family structures, complex ownership structures or anything in between. It gives you limited liability and tax efficient means of extracting profits.
SOLE TRADER
If you want to start a small business then it may be tax efficient for you. You can keep simple records and complete a tax return each year to declare your profits and calculate your Tax and National Insurance liabilities.
PARTNERSHIP
If you are going into business with others then a partnership could be right for you. This allows you split profits between all parties as agreed, keep simple records and complete tax returns each year for each partner and the partnership itself.
LIMITED LIABILITY PARTNERSHIP (LLP)
This is a partnership that is registered at Companies House, has limited liability, giving you extra protection for your business. Accounts are filed with Companies House each year and a partnership tax return will be filed to declare profits for tax.
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VAT/MTD
As your business grows you will need to be aware of the VAT registration threshold, knowing when you need to register or if you are covered by an exemption. Charging VAT to customers can slow down your business if you charge a fixed fee, however this depends on the type of clients you have, sometimes registering early may benefit you if you sell to other businesses.
CLOUD ACCOUNTING
This is becoming a necessity to most businesses due to compliance with Making Tax Digital (MTD) rules. There are a great number of benefits, it’s easy to access on any device, it can become part of your business by issuing invoices on the go and up to date financial information at your finger-tips is essential for you to know how your business is performing.
START UPS
We offer a free initial consultation to fully understand your new business. We can then advise you on your business structure, registering with HMRC, record keeping including expenses, VAT and Tax. We then follow you through your business journey and advise you all the way through, whenever you need it.
OWNERSHIP AND STRUCTURE
We can assess your current and future plans for your business and advise on your structure options to put forward a proposal that works best for you. This is regularly reviewed to ensure it continues to work for you and also assist in changes if necessary.
FEE PROTECTION INSURANCE
We offer HMRC investigation insurance which covers our fees if HMRC were to raise any enquiry into your business affairs, giving you peace of mind that there won’t be any unexpected fees raised.