FREE Accounting and tax consultation

Unsure of whether you need to register, or need general accounting advice?

Request a call back to receive a FREE consultation with our Chartered Accountants.

As a Director of a limited company you are responsible for ensuring that your company's accounts and corporation tax returns are filed on time and comply with all legal requirements. Failure to comply can result in fines and penalties for the company and its directors.

We have partnered with iPlan, Chartered Accountants who specialise in providing annual accounting and tax services to start up businesses from only £50 a month. They work on a fixed fee basis and will take care of dealing with all your accounts and taxation matters leaving you free to run your business.

Benefits of using iPlan include:

• Free initial consultation to get you started
• Full online services
• Fixed fee with no surprises
• Fast and efficient service
• Ability to spread our fee over a period of 12 months
• Access to experienced Chartered Accountants for advice on your business growth

 

VAT Application - £40

What is VAT ?

Value Added Tax (VAT) is a tax that's charged on most goods and services that VAT-registered businesses provide in the UK. It's also charged on goods and some services that are imported from countries outside the European Union (EU), and brought into the UK from other EU countries. VAT-registered businesses add VAT to the sale price of most goods and services they provide. You cannot charge VAT on sales or claim VAT on expenses unless your company is registered for VAT.

Do I need to register for VAT ?

You normally have to register for VAT if your sales are over £70,000 for the last 12 months or are expected to be more than £70,000 for the next 12 months.

There are penalties for late registration.

You can also register for VAT on a voluntary basis which has the following advantages:

• If most of your customers are themselves VAT registered then they can reclaim VAT on your charges and you can reclaim VAT on your own costs
• If you sell zero-rated items and buy standard-rated items you would receive a VAT refund from HMRC
  
• If you have not yet sold anything or don't sell anything during a VAT accounting period, you may still be able to claim VAT back on your purchases
  
• If you are starting up your business then VAT registration can allow you to claim VAT on office furniture, computer and other office equipment which can provide much needed cash flow advantage to your business while you are trying to build up your sales.

Not sure whether you need to register? Want to talk to our Chartered Accountants free of charge ?
Please complete your contact details at the top of the page. 

Price - £40

 

PAYE Application - £30

 

What is PAYE ?

PAYE (Pay As You Earn) is the system that HM Revenue & Customs (HMRC) uses to collect Income Tax and National Insurance contributions (NICs) from employees' pay as they earn it. The term 'employee' includes directors of limited companies.

Do I need to register for PAYE ?

If you intend to employ anyone or draw salary yourself as a company Director you will have to deduct tax and NICs from your employees' pay each pay period and pay Employer's Class 1 NICs if they earn above a certain threshold. You pay these amounts to HMRC monthly or quarterly. You cannot employ anyone or draw salary as a Director unless your company is registered for PAYE.

There are penalties for late registration.

Not sure whether you need to register? Want to talk to our Chartered Accountants free of charge ?
Please complete your contact details at the top of the page. 

 

Price - £30

 

Discount package - Combined VAT and PAYE Application - £60

SAVE £10 and buy both together with our Combined VAT and PAYE registration DISCOUNT package.

Not sure whether you need to register? Want to talk to our Chartered Accountants free of charge ?
Please complete your contact details at the top of the page. 

 

Price - £60