If you wish to consider trading as a limited company, we advise you on the implications, and on the different tax and accounting treatments, and the key deadlines that apply. These will be different if you have previously been a sole trader or partnership.
Many clients appreciate a description of the tax differences, and of the roles and responsibilities of directors and shareholders as part of deciding how best to proceed. If a client does form a company, we will discuss the best way of setting it up in terms of shareholdings and directors and can then manage the process of incorporation for you.
During the life of the company, we would normally prepare the annual accounts and Corporation Tax Return to ensure they are filed on time, as well as preparing Abbreviated Accounts to file at Companies House. We can also assist with VAT and payroll matters as described above.
For all Peach Wilkinson clients we make every effort to minimise the chance of a tax enquiry by providing relevant information, but if this is unavoidable, then we can advise you, speak for you, and if necessary accompany you to any meetings with HMRC. If you wish, you can insure against the cost of our fees for this work, which can unfortunately be substantial in a complex enquiry.