We can help you, where appropriate, with
- Advice on the pros and cons of incorporation in your own situation;
- Securing the name of your choice (if available)
- Appointment of directors, company secretary & shareholders;
- Completion of all necessary minutes and resolutions;
- Advice on opening a bank account;
- VAT registration;
- Company registration for Corporation Tax;
- Set up of Company PAYE scheme;
- Book-keeping set-up advice;
- Business plans;
Do you know your responsibilities as a Company Director or Secretary
We can help you fulfil this role and offer the following services...
Maintenance of statutory registers;
Submission of statutory documents;
Giving notice of General Meetings;
Drafting agendas for company meetings;
Preparing Minutes of Meetings;
Completion of share transfer forms;
Preparation of share certificates;
Filing of Annual Return;
General Company Law advice;
E-monitoring of your company filings
The annual corporation tax bill can be a significant burden on a company’s cashflow and so it is important to know how much is due and when. It is a quirk of the system that payment is due at least 3 months before the corporation tax return filing deadline. So it is important to keep on top of it to avoid interest and penalty charges and an under, over or late payment of tax.
We can help you
- Pay the right amount of tax – not too much and not too little.
- Calculate your tax liability and know how much to pay and when
- Complete and submit all relevant Tax Returns.
- Consider the tax implications of your plans
- Take legitimate action to minimise your tax burden and be prepared for what is due.
- By dealing with HMRC on your behalf including all correspondence and checking statements of accounts, notices of coding, assessments etc.
- Avoid penalties for late or incorrect returns
We offer a comprehensive service package for contractors, but you decide which services you want
- Company formation;
- Annual Accounts;
- Company tax returns;
- Personal Tax Returns;
- Company secretarial service;
- VAT Returns;
- PAYE Returns;
- Tax computations;
There are many factors to consider in deciding if a contractor is caught by the IR35 legislation.
Fundamental factors to consider:
- The right to get a substitute or helper to do the job;
- Mutuality of obligations.
Other factors to consider:
- Provision of equipment;
- Financial Risk;
- Basis of Payment;
- Opportunity to profit from sound management;
- Part and parcel of the organisation;
- Right of dismissal;
- Employee benefits;
- Intention of the parties;
- Length of engagement.
These are often matters of general employment law, and not specific tax legislation. There is an enormous amount of Case Law in this area and is therefore a specialist area. The costs if you get it wrong are considerable as well as interest and penalties.
We do not offer advice on IR35 or an opinion on whether your arrangements will stand up to attack from the Revenue. We recommend a cautious approach in this area and that you get independent expert advice on whether or not you are caught by the IR35 legislation and each of your contracts and working arrangements.