Our accounting services provide advice on your businesses on some of your companies major financial need. We provide trustworthy information about financial records. We have experience in a range of organisations, working with different companies in various industry's.
And work strategically to make sure that all your financial records are compliant when you are starting your company so that you are rest assured to get off on the right start.
We will prepare and submit your VAT registration application to HMRC, and send you confirmation of your VAT Registration Number by email once your application has been successful. HMRC usually supply the Certificate of VAT Registration by post, within 20 to 30 days.
VAT is charged on most of goods and services provided by VAT-registered businesses in the UK, who are able to reclaim VAT paid on the goods and services they buy.
Any company that is trading can register for VAT, even if their turnover is less than the VAT threshold of £85,000. Most companies register for VAT on a voluntary basis as this provides the perception of being established with a large turnover.
You are legally required to let HMRC know that you are employing staff so you can be Registered as an Employer and you will be able to process payroll for your employees. Your registration needs to be in advance of your first Pay Day.
Our PAYE Registration Service Will Provide: An Accounts Office Reference and An Employer Reference Number (ERN)
These two references numbers allow you to be able to set up a payroll system, produce payslips and send reports to HMRC about your employees and their pay/deductions.
Every limited company in the UK is required to file accounts on an annual basis. If your company is classified as dormant or not trading, you only need to file a dormant company accounts as apposed to filing full accounts
We provide a dormant account filing service for limited companies, for any business wether you incorporated your company with us or not. The process is short and takes no longer than 24 hours, subject to receiving the information we require promptly.
In 2016, the confirmation statement replaced the annual return. Companies House require all company directors to fill in their company's confirmation statements on time and in full. Although there are no fines, failing to file on time is a criminal offence and coould lead to Companies House striking your name off its register for failure to comply.
All limited companies are required to declare who the PSCs in your business. A PSC is someone who owns more than 25% or more of the shares or the voting rights within your company. A PSC can also appoint or remove the majority of the directors on the board.
There are three ways to order our service if you are new and don't currently have a company, it’s possible to request this service when you officially form your company. Alternatively, if you currently have a company and are a brand-new customer, you can create an account with My Company Formations. And finally, if you currently have an account with us, all you need to do is log in, follow the process of purchasing our service and checkout
Value Added Tax is included in the online sales of products and services and is put on a customer bill. It is usually billed on all UK products but can also be placed on products imported from various other nations.
You will need a limited company to sign up for VAT if the items you intend to sell are VAT taxed ('taxed materials'). The turnover for the previous twelve-month has surpassed the present VAT limit of 81,000 pounds. Voluntary VAT enrollment is recommended if you anticipate your turn over to limit quantity in the current year.
You can make a company dormant by informing HMRC that you have not started trading and have no plans of doing so in the immediate future. That can only happen after you receive your Unique Tax Reference (UTR). If you do not have a UTR, it will be sent to you, commonly around three to four weeks after you've registered your new company.
You must file the confirmation statement at least every 12 months. Thus, a company has a year after its formation to submit the first statement. You have 14 days after the confirmation date to submit or update your company details. You can file your confirmation statement at any other time during the review period, which starts a recent review period of 12 months begins..