We can prepare financials for sole traders or self-employed
individuals. You may just require a Statement of Income and Expenses,
or you may require a full Profit & Loss with Balance Sheet.
From the documents prepared, we will calculate your liability to
tax, and Class 4 National Insurance Contributions. This information
is then used to prepare your SA100 Self-Assessment Personal Tax
Should you wish to trade through your own Limited
Liability Company, we can incorporate it for you.
We deal only with new incorporations Ė we do not sell
you companies which have already been incorporated, and then
need to be transferred to you. Because it is brand new, you can
choose the name of your company, who the officers of the company
will be and set it up with the most tax-efficient shareholding.
All companies are incorporated electronically through Companies
House, and are generally completed within 24 hours (subject to CH
If you would like us to incorporate your new company, please
complete the required details as per the attached document and return to
us for processing.
We can act as your Company Secretary and/or provide Registered
Office and full Company Secretarial Services.
This service allows us to receive correspondence from Inland
Revenue and Companies House. We can then advise you of what needs
to be actioned, or attend to any administrative matters on your
behalf. The objective is to take the paperwork out of running your
company, or prevent you from missing deadlines.
We can advise you on an appropriate level of salary
to pay yourself, and then calculate the amount of PAYE and National Insurance
Contributions due on this salary to ensure you pay the correct amounts to
At the end of the financial year, we can prepare and
lodge your company Annual Employers Return (P35) and Return of Benefits and
Expenses (P11D and P11D(b)), as well as provide P45ís or P60ís based on your
Inland Revenue is currently offering a tax-free
rebate of £ 250.00 to small companies that lodge their payroll documents
electronically. Get us to lodge your
documents so you can receive this rebate this year.
We can complete your Self-Assessment tax return, and
then lodge it electronically.
There are five categories of individuals who are
required to lodge a personal tax return each year with Inland Revenue:-
Self-Employed individuals or Sole Traders
People working in the Construction Industry Scheme (CIS)
High rate taxpayers who also receive investment income
Individuals receiving dividend income in excess of £ 10K per annum
If you are any of the above, or have been at any time
in the financial year, then you must lodge a return.
Tax returns, along with the payment of any tax or NICís owing must
be received by Inland Revenue no later than 31 January
of the year following the end of the previous financial year.
So for the financial year ended 5 April 2005, the return and payment
must be made by 31 January 2006. If returns or payments
are not made by the due date, automatic penalties can be charged.