We specialize in providing accountancy services to sole trader, partners, Contractors, Sub-contractors, small to medium sized companies and individuals at affordable low cost. We can take the pressure of you by covering all your business needs and Tax affairs.
If you start working for yourself, you’re classed as a sole trader and you need to register your business with HMRC if:
AS a sole trader you have Business and Tax responsibilities where we can provide our professional services.
We believe ‘you trade’ and let us guide you and take care of your Tax responsibilities :
A business organization in which two or more individuals manage and operate the business. Both owners are equally and personally liable for the debts from the business. In a business partnership, you and your business partner (or partners) personally share responsibility for your business. In partnership each individual is personally responsible for his share of losses and Bills used for Business purposes.
We can help you in:
You can also set up a limited partnership or limited liability partnership if you don’t want to be personally responsible for a business’ losses.
To Set up limited partnership you must have at least one ‘general partner’ and one ‘limited partner’.General and limited partners have different responsibilities and levels of liability for any debts the business can’t pay. A partner can be an individual or a company.We can help you in
You’ll need to:
If you’re a VAT-registered business you must report to HM Revenue and Customs (HMRC) the amount of VAT you’ve charged and the amount of VAT you’ve paid. This is done through your VAT Return which is usually due every 3 months.
VAT is charged on things like:
These are known as ‘taxable supplies’. There are different rules for imports and exports and charities.