Tax

Guide to IR35

What is IR35 IR35 was first propsed in 1999 and was introduced into UK legislation in 2000. The primary aim has been to prevent the avoidance of tax and national insurance by trading through an intermediary (commonly a limited company) rather than being an employee. Prior to IR35, individuals could form a limited company and [...]

Guide to Becoming an Employer

When to Register as an Employer As soon as you take anyone on where any of the following conditions apply, you need to register with HMRC as an employee. the employee already has another job the employee receives a pension (state or occupational) the employee will earn at or over the PAYE (tax) threshold the [...]

Guide to Choosing Your Accountant

Speak to your prospective accountant on the phone first and then, if you are still happy, set up an initial meeting – which should be free of charge. Ensure that they are professionally qualified and are current members of a professional body (Chartered Accountant (ICAEW/ICAS/ICAI), Chartered Management Accountant (CIMA), Chartered Certified Accountant (ACCA) for a [...]

Setting up a Limited Company

Before you begin, you need: a company name, which can be almost any name that has not previously been registered (or one that has been registered but where that company has been struck off). a Director Optionally, a Company Secretary (which cannot be the sole director) a shareholder (which could also be either the director [...]