Employers are being reminded that new rules on the training rights of employees come into force in April.
Read more »Stockport
Cheshire
SK1 3TH
tel: 0161 4772636
email: info@allensaccountants.com
Entrepreneurial Business Start-Up
OBJECTIVE
To provide assistance in establishing new ventures on an optimal foundation, based on the owner’s goals and objectives, tax considerations and future direction of the business.
Services inclusive of the following:
a) Choice of Business Vehicle
- Merits of limited company versus sole trader
- Under present tax climate, generally advisable to incorporate
- tax projections of sole trader versus limited company based on forecasted profits
b) Company formation
- Attendance at the first meeting of the company
- Issuing the shares
- Typing up and sealing the share certificates
- Completing the statutory books and registers for the initial allotments and transfers
- Filing the relevant paperwork with Companies House
- Explaining your statutory duties and responsibilities in respect of the Companies Act
- Drafting the first minutes of the company
- Selection of the company year-end
- Unlimited free telephone and e-mail support
c) Bespoke company action plan
To ensure no surprises going forward, includes:
- Open a company bank account
- Inform all relevant parties that the business is running as a limited company
- Print the company letter heading
- Maintain proper books and records
- New business kit
- Unlimited free telephone and e-mail support
d) VAT
- Consider merits of voluntary registration (status of customers, turnover threshold)
- Complete VAT registration form
- Consider VAT flat rate scheme
e) Tax planning
- Devise profit extraction policy to minimise tax liabilities (corporate and personal) using optimal mix
of salary and dividends - Assist with monthly/quarterly dividend paperwork system
f) Corporate and personal tax
- Inform the Inland Revenue about the status of the business (CT41G) and Allens agency
authorisation (64-8) - Payroll: obtain PAYE reference
- Company cars: consider merits of company versus personal ownership
- Other expenses:
Get as many contracts in name of company as possible (eg telephone)
Discuss company versus personal distinction and P11D return of directors’ benefits - Corporation tax projections including application to reduce payments on account
- Complete CIS registration form.
| Your investment level | £ |
|---|---|
| 1. Chettleburgh's Limited | £156 (inc VAT) |
New company package including:
|
|
|
|
|
| 2. Share Reorganisation | £275 (ex VAT) |
| To reorganise shares into A and B classes in order to allow differential dividend rights | |
|
|
|
| 3. Registered Office Facility | £140 per annum (Ex VAT) |
|
|
|
|
|
| 4. Sole Trader (or Partnership) Conversion to Limited Company | From £495 (ex VAT) |
|
|
|
|
|
| 5. IR35 Survival Kit | |
|
£275 |
|
£295 |
|
£249 per annum |
|
from £949 per annum |
|
|
|
ALLENS SERVICE GUARANTEE
Our work is guaranteed to the complete satisfaction of the customer. If you are not completely satisfied with the service performed by us, we will at the option of yourselves, either refund the price, or accept a portion that reflects your level of satisfaction.
