Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through.
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Starting a business is a really exciting time, but we know it is also a very busy time.
You will no doubt have your plans in place and the drive to succeed, but you may not be aware of all the financial aspects involved.
We can help you throughout your journey, looking at:
- Forming your company – deciding your company type is important, our team will help you to decide whether a sole trader, partnership or limited company is best for you. We will consider and advise the taxes and liabilities you may owe before making this decision
- Make sure you are set-up and registered with HMRC for all the right things, such as VAT and Payroll
- Company secretarial duties – such as the company confirmation statement and any updates required to Director details, making sure you have the correct PSCs (Person of Significant Control) registered or any other day to day changes. (To ensure you have the correct shareholder agreements in place and legal documents to support partnership arrangements you will need separate legal advice)
- The type of growth you are looking for and the required level of financial support you need to achieve that – if you are happy to create a business that provides you with a job, then you will need less input than somebody aiming to be at a £1m turnover within 3 years.
Corporation tax
Corporation tax reliefs and rates change annually, so we ensure that we can provide all the right guidance and advice when looking at exemptions, allowances and deductions that may be available.
We will thoroughly review and prepare corporation tax returns in great detail in order to ensure you are complaint and that you don’t incur any penalties.
Self assessment
Our tax services for individuals are geared towards making sure that your tax liability is calculated taking into account all allowed exemptions and deductions.
We aim to complete this well in advance of the usual January deadline to make sure you are aware of the tax amount due and allow you the most options around payment.
We can also review your tax code to ensure it makes sense for your earnings.
Capital gains tax
You may be considering disposing of assets, shares or a second property.
We can help you calculate and prepare relating amounts to include in HMRC returns and simplify the difficult area of capital gains tax.
