Our favourite places

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Our favourite places"

Transcription

1 Our favourite places Free business information for start-up companies and growing businesses

2 2 About Crowe Clark Whitehill We are a leading national audit, tax and advisory firm. We have particular interest and expertise in the technology sector and issues relating to the development and exploitation of intellectual property. This puts us in a good position to add value to fast-growing businesses looking to rapidly expand, take on new sources of finance and enter international markets.

3 Free business information for start-up companies and growing businesses 1 Introduction There is a wealth of free business information available online for start-up companies and growing businesses. This can often provide a good starting point before spending money on professional advice. Here are what we consider to be the most useful sources of free online information: Companies House HM Revenue & Customs (HMRC) The Intellectual Property office GOV.UK We have provided a short overview of each source, their functions and the typical areas of practical help that they can provide.

4 2 Our favourite places All limited companies in England, Wales, Northern Ireland and Scotland are registered at Companies House. There are over two million limited companies registered and over 300,000 new companies are incorporated each year.

5 Free business information for start-up companies and growing businesses 3 Companies House Companies House is the registrar of companies in the UK and is an executive agency of the government. It incorporates, dissolves and registers all forms of companies and holds specific details as required by the Companies Act such as annual financial statements and company returns. Practical advice Incorporating and dissolving companies Examining and storing company information delivered under the Companies Act and related legislation Provision of information to the public Other useful information Free Companies House seminars available to businesses Free reminder service to ensure you remember when your company accounts and annual returns are due to be filed Company law and secretarial obligations Holding board and shareholder meetings Maintaining company records Filing companies annual returns Filing annual accounts Directors duties

6 4 Our favourite places Signing up for free business advice s from HMRC means you will receive a series of tax related help and support giving you and your business clear guidance at specific times.

7 Free business information for start-up companies and growing businesses 5 HMRC HMRC is a department of the UK government responsible for the collection of taxes and the payment of some forms of state support. Practical advice: self-assessment A free online HMRC self-assessment service that includes personal tax return software HMRC provide a list of accredited software suppliers that provide tax return software VAT returns How and when to register Managing your VAT Filing online VAT returns Other useful information Accounting schemes to simplify your VAT VAT forms, rates, thresholds and notices Practical advice: individuals and employees Completing and e-filing a tax return

8 6 Our favourite places Other useful information Understanding a PAYE tax code National Insurance for employers, employees and the self employed Employment status National minimum wage Starting up a business Taxing self employed profits Practical advice: employers Registering as an employer Filing Pay As You Earn returns online Making Pay As You Earn and National Insurance Contribution payments How to decide if a worker is an employee or self employed contractor Other useful information Expenses/benefits PAYE/NIC rates Taking on an employee Submitting PAYE information to HMRC by Real Time Information } } Dealing with statutory sick pay/maternity pay/ student loans

9 Free business information for start-up companies and growing businesses 7 Practical advice: businesses and corporations Registering a new business Filing the annual company tax return Other useful information Starting a business Corporation tax Other tax related topics Enterprise Investment Scheme Seed Enterprise Investment Scheme Research and development tax credits The Patent Box: a reduced rate of corporation tax Information videos on HMRC s YouTube pages contain quick to access information about a range of subjects in an easily digestible format.

10 8 Our favourite places The setting up section includes a link to download free templates to help you write a business plan.

11 Free business information for start-up companies and growing businesses 9 Intellectual Property Office The Intellectual Property Office is the government body responsible for granting intellectual property rights in the UK. These include patents, copyright, trade marks and designs. Practical advice How to apply for intellectual property (IP) protection Maintaining and renewing IP rights Resolving IP disputes and infringement issues Accessing the database of registered IP Other useful information The defining features of each type of IP The benefits of IP protection Using and buying other people s IP Events throughout the UK and internationally which have an IP or business focus IP events listing

12 10 Our favourite places The find a case study service shows first-hand how people have tackled real-life business challenges and opportunities.

13 Free business information for start-up companies and growing businesses 11 GOV.UK The government provides a useful online resource for small and medium sized enterprises offering general business advice to those just starting up and to existing businesses seeking to grow. Practical advice Starting up a new business: planning; financing (see below); company formation and other statutory compliance issues. Finance and grants: Government and other grants; raising finance through loans, Seed Enterprise Investment Schemes and Enterprise Investment Schemes. Tax, payroll and company information: compliance and record keeping. Create, innovate and protect: accessing tax incentives such as research and development tax credits, the Patent Box, enhanced capital allowances and obtaining intellectual property protection. Other useful information Workplace health and safety Environment and efficiency Premises and property IT and e-commerce Sales and marketing International trade How to grow, buy or sell a business

14 12 Our favourite places The UK is a nation of entrepreneurs and innovators. Yet new business ideas are often not succeeding due to a lack of support in setting up and running a business. The IoD wants to give out key information and advice to help those who are embarking on this journey. Alex Mitchell, Head of Influencer Relations at the IoD

15 Free business information for start-up companies and growing businesses 13 Other useful websites Advisory, Conciliation and Arbitration Service (ACAS) ACAS is an independent non-departmental public body which provides free information, advice, training and works with employers and employees to solve work-related problems and improve performance. It aims to promote good industrial relations practice and provide information on employment legislation and has a reputation for impartial assistance. The Chartered Institute of Personnel and Development (CIPD) CIPD is the UK s largest chartered human resources and development professional body. It aims to support and develop those responsible for the management and development of people within organisations and keep them up to date with the latest thinking and best practice, as well as providing products and services. is4profit is4profit provide free business advice, articles, guides, plans and factsheets to small businesses, SMEs, entrepreneurs and start-ups.

16 14 Our favourite places The Confederation of British Industry (CBI) The CBI is one of the UK s leading businesses lobbying organisations, providing a voice for employers at a national and international level. It aims to provide a voice for businesspeople and their businesses of every size, including SMEs, micro businesses, private and family owned businesses, start-ups, and trade associations. The Institute of Directors (IOD) The IOD have been supporting businesses and the people who run them since As one of the UK s longestrunning organisations for professional leaders, they support their members, encouraging entrepreneurial activity and promoting responsible business practice for the benefit of the business community and society as a whole.

17 Free business information for start-up companies and growing businesses 15

18 16 Our favourite places How we can help Contact us if you would like to talk in more detail about any of these organisations or anything else that affects your business. Whatever your issue in setting up or growing a new business is filing returns, minimising tax, maximising shareholder benefits, simplifying VAT or dealing with employees we can help. Did you know? Company issues Setting up a new company is quick and straightforward. A company can either be incorporated or bought off the shelf. Companies have a number of annual filing requirements. If your company is small it may be able to file at Companies House abbreviated accounts or accounts with simplified disclosure requirements. If your company is small it may not need an audit. Business solutions Company directors have a number of statutory duties including ensuring that proper accounting records are maintained and preparing accounts. The directors may be personally liable where they fail to carry out these duties.

19 Free business information for start-up companies and growing businesses 17 If your company is small it may be able to file at Companies House abbreviated accounts or accounts with simplified disclosure requirements. How we can help We can deal with all the paperwork involved in setting up a new company. We can monitor and help you deal with filing requirements. Ask us to look at the filing requirements for your company. We can advise whether your company needs an audit. We can help with bookkeeping, VAT, payroll and accounts preparation.

20 18 Our favourite places Did you know? Company tax: the basics Submitting paper tax returns to HMRC is no longer allowed; all tax returns have to be electronically filed. Corporation tax has to be paid electronically. Accounts and tax return information now have to be ixbrl tagged (which is akin to bar codes used by supermarkets) or the tax return will be treated as not filed. Simple steps to minimise corporation tax and increase profit Tax relief for certain research and development (R&D) costs has been increased to 225% of the cost. Small companies can convert R&D tax losses into cash at up to for each 100 of the total R&D spend. Large companies can claim under the Above the Line (ATL) tax credit scheme. Under ATL, the tax credit can be offset against the company s tax liability and this can be repayable, in the right circumstances. From April 2013, a company could claim to have its Patent Box profits taxed at a significantly reduced rate of corporation tax compared to other profits. The rate is currently 13.3% and it will gradually taper down to 10% from 1 April % tax relief is available for most assets used for qualifying R&D purposes.

21 Free business information for start-up companies and growing businesses 19 How we can help We can help prepare and electronically file tax returns and advise how to make corporation tax payments. We can ixbrl tag the accounts and tax returns for your company. s available to shareholders We can help calculate the additional tax relief available. We can help your company make the claim. We can carry out a review to see if a claim would be beneficial and calculate the maximum Patent Box profits to be taxed at the reduced rate. We can help identify eligible capital purchases.

22 20 Our favourite places Did you know? Employee matters In April 2013, HMRC introduced a new way of reporting PAYE Real Time Information (RTI). RTI means an employer has to tell HMRC about PAYE payments at the time they are made and submit PAYE information throughout the year rather than at the end. There are a number of ways of rewarding employees in a tax efficient way: salary sacrifice schemes, share schemes etc. Tax efficient financing Investors in small companies can now receive exemption from capital gains tax and a 50% income tax deduction on investments up to 100,000 under the SEIS. Investors in EIS schemes are now able to invest up to 1 million and get income tax relief at 30%. Personal tax: the basics Paper tax returns have to be submitted to HMRC by 31 October and electronic returns by 31 January following the end of the tax year. Maximising the shareholder benefits: profit extraction If you are a shareholder in a company, you can increase the amount of profits you receive from the company by paying a mixture of dividends and salary, while ensuring the company claims all available reliefs.

23 Free business information for start-up companies and growing businesses 21 How we can help We can help deal with ongoing PAYE reporting and payments. We can help you review and implement employee benefit schemes. We can help with raising finance for the company including maximising investor tax relief. We can help prepare and electronically file personal tax returns and calculate and advise on the payment of outstanding tax liabilities. We can advise on maximising profit extraction.

24 22 Our favourite places Did you know? Ways of simplifying VAT for your company If your company s turnover is less than 1.35 million, it may be able to benefit from the Annual Accounting Scheme. If your company s turnover is less than 150,000, it may be able take advantage of the Flat Rate Scheme to work out its VAT. This would then be calculated on a set percentage of turnover.

25 Free business information for start-up companies and growing businesses 23 How we can help We can advise whether a company can take advantage of either the Annual Accounting Scheme or the Flat Rate Scheme. We can help prepare and electronically file personal tax returns and calculate and advise on the payment of outstanding tax liabilities.

26 24 Our favourite places Our offices Start the conversation Cheltenham Richard Austin +44(0) Kent Simon Warne +44(0) London Laurence Field +44 (0) London Mayfair Tom Elliott +44(0)

27 Free business information for start-up companies and growing businesses 25 Manchester Rebecca Durrant +44(0) Midlands Rob Gunn +44(0) Thames Valley Stuart Weekes +44(0)

28 About us We are a leading national audit, tax and advisory firm. The Key Facts and Trends in Accountancy Profession report from the Financial Reporting Council published in June 2014 shows Crowe Clark Whitehill as the 9th largest audit firm in the UK. We offer pragmatic, insightful advice and support to businesses, private clients, pension funds, professional practices and the not for profit sector. We are a member of Crowe Horwath International, a network with more than 150 independent accounting and advisory services firms in over 100 countries around the world, which allows the firm to offer a seamless, global service with expert local delivery. Follow us Find out more about us at Crowe Clark Whitehill LLP is a member of Crowe Horwath International, a Swiss verein (Crowe Horwath). Each member firm of Crowe Horwath is a separate and independent legal entity. Crowe Clark Whitehill LLP and its affiliates are not responsible or liable for any acts or omissions of Crowe Horwath or any other member of Crowe Horwath and specifically disclaim any and all responsibility or liability for acts or omissions of Crowe Horwath or any other Crowe Horwath member Crowe Clark Whitehill LLP 0434 This material is for informational purposes only and should not be construed as financial or legal advice. Please seek guidance specific to your organisation from qualified advisors in your jurisdiction. Crowe Clark Whitehill LLP is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales and is authorised and regulated by the Financial Conduct Authority.

Are your assets tax efficient?

Are your assets tax efficient? Are your assets tax efficient? Helping your business make the most of its assets Making the most of your assets All businesses have assets from property, including any fixtures and fittings, to plant and

More information

Credit where credit s due. UK theatre tax relief

Credit where credit s due. UK theatre tax relief Credit where credit s due UK theatre tax relief A large majority (76%) of the UK population has been to at least one theatre show (including plays, musicals, opera and dance performances) in the past three

More information

Contractors Guide. Free Initial Consultation is available for new contractors- Contact us on info@asmataccountants.co.uk or call us on 0203 026 2990

Contractors Guide. Free Initial Consultation is available for new contractors- Contact us on info@asmataccountants.co.uk or call us on 0203 026 2990 Contractors Guide Free Initial Consultation is available for new contractors- Contact us on info@asmataccountants.co.uk or call us on 0203 026 2990 www.asmataccountants.co.uk Contents About Asmat & Co...1

More information

Your Guide to STARTING A BUSINESS 2015/16

Your Guide to STARTING A BUSINESS 2015/16 Your Guide to STARTING A BUSINESS 2015/16 Planning your Business Ward Williams can help you plan your business and provide answers to some of the questions you should consider before preparing a business

More information

KEY GUIDE. Setting up a new business

KEY GUIDE. Setting up a new business KEY GUIDE Setting up a new business The business idea You have a business idea, but can you turn it into a viable enterprise? Is there a market for the goods you will produce or the services you will supply?

More information

KEY GUIDE. Setting up a new business

KEY GUIDE. Setting up a new business KEY GUIDE Setting up a new business The business idea Some of the decisions and actions that you take when starting a business can have significant effects for some time. The foundations you put in place

More information

Starting in Business. Get your business up and running with RDP Newmans. clear thinking. positive solutions. www.rdpnewmans.com

Starting in Business. Get your business up and running with RDP Newmans. clear thinking. positive solutions. www.rdpnewmans.com Starting in Business Get your business up and running with RDP Newmans clear thinking. positive solutions www.rdpnewmans.com Contents The First Steps 01 Welcome 01 Business Foundations 01 Finances 02 Overview

More information

Real Time Information (RTI): it will happen to

Real Time Information (RTI): it will happen to Employers Advisory Group www.croweclarkwhitehill.co.uk Real Time Information (RTI): it will happen to you Ensuring compliance Employers will be required to start submission of RTI from April 2013 onwards.

More information

Limited Company Guide - 1 -

Limited Company Guide - 1 - Limited Company Guide - 1 - Congratulations on your new company. If you are new contracting, you may feel overwhelmed with your new responsibilities as the company director. This guide is designed to give

More information

Offices across the Midlands see our website for more details. For more information, please call: 0845 894 8966. www.baldwinsaccountants.co.

Offices across the Midlands see our website for more details. For more information, please call: 0845 894 8966. www.baldwinsaccountants.co. Offices across the Midlands see our website for more details For more information, please call: 0845 894 8966 ACTIVE PRACTICE UPDATES FEBRUARY 2015 Choosing a company secretary This guide looks at the

More information

payroll services BUSINESS SERVICES AND ACCOUNTING

payroll services BUSINESS SERVICES AND ACCOUNTING payroll services BUSINESS SERVICES AND ACCOUNTING payroll services How effective is the operation of your payroll? Are you up to date on your regulatory requirements? BDO s Payroll Team helps clients negotiate

More information

A GUIDE TO STARTING UP A LIMITED COMPANY

A GUIDE TO STARTING UP A LIMITED COMPANY A GUIDE TO STARTING UP A LIMITED COMPANY RIFTACCOUNTING.COM A GUIDE TO STARTING UP A LIMITED COMPANY This guide assumes that you have made a decision to become a Limited Company as opposed to operating

More information

GUIDE TO... Value Added Tax HAZLEMS FENTON LLP. FOR ELECTRONIC USE ONLY

GUIDE TO... Value Added Tax HAZLEMS FENTON LLP.  FOR ELECTRONIC USE ONLY GUIDE TO... Value Added Tax HAZLEMS FENTON LLP www.hazlemsfenton.com FOR ELECTRONIC USE ONLY YOUR GUIDE TO Value Added Tax Value Added Tax (VAT) is a tax chargeable on taxable supplies made in the UK,

More information

Guide to Running a Limited Company

Guide to Running a Limited Company clear thinking, positive solutions Guide to Running a Limited Company www.rdpnewmans.com Contents Company Foundations 01 Companies House Registration 01 Company Officers 01 Shareholdings 01 Bank Accounts

More information

Tax Relief & Incentives for Start-ups

Tax Relief & Incentives for Start-ups Tax Relief & Incentives for Start-ups London Tech Week 17 June 2015 Tax Relief & Incentives for Start-ups London Tech Week 17 June 2015 2 www.laytons.com Introduction The UK offers a highly favourable

More information

Starting up in the UK

Starting up in the UK Starting up in the UK A guide to establishing a presence in the UK an Inward Investment Team publication 2 CONTENTS INTRODUCTION 4 KEY ISSUES FOR OVERSEAS BUSINESSES SETTING UP IN THE UK - Corporate structure

More information

Operating Guide For Contractors

Operating Guide For Contractors Operating Guide For Contractors 30 New Road Brighton BN1 1BN Tel: (01273) 324163 Fax: (01273) 323983 Email: rogerm@hsc.uk.net Website: www.hsc.uk.net Operating Guide for Contractors Introduction This guide

More information

Important information. Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme

Important information. Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme Important information Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme > Contents About this booklet 4 About the Teachers AVC Scheme 5 Its aim 5 Your commitment 5 Risks 6 Questions

More information

We make life less taxing for you. HANS ACCOUNTING LTD. Company Brochure. www.hansaccounting.com

We make life less taxing for you. HANS ACCOUNTING LTD. Company Brochure. www.hansaccounting.com We make life less taxing for you. HANS ACCOUNTING LTD. Company Brochure www.hansaccounting.com Hans Accounting Ltd. Company Introduction Based in the Stanmore Middlesex, we serve a diverse client base

More information

Gaining the competitive edge. Sports & Leisure PRECISE. PROVEN. PERFORMANCE.

Gaining the competitive edge. Sports & Leisure PRECISE. PROVEN. PERFORMANCE. Gaining the competitive edge Sports & Leisure PRECISE. PROVEN. PERFORMANCE. 2 Sports & Leisure Gaining the competitive edge Gaining the competitive edge The sports and leisure sector is a competitive and

More information

FreeAgent simplifies bookkeeping; it will produce your invoices for you and you can upload your bank statements into it to capture expenditure.

FreeAgent simplifies bookkeeping; it will produce your invoices for you and you can upload your bank statements into it to capture expenditure. New to Contracting If you have already been working for yourself through a limited company you will already have some knowledge of what is required to manage your company and personal finances on an on-going

More information

Owner managed businesses: Bringing your corporate and personal goals to life

Owner managed businesses: Bringing your corporate and personal goals to life Owner managed businesses: Bringing your corporate and personal goals to life Owner managed businesses PRECISE. PROVEN. PERFORMANCE. Bringing your corporate and personal goals to life Dynamic. Ambitious.

More information

Cybersecurity Academies roundtable Tina Allison

Cybersecurity Academies roundtable Tina Allison Cybersecurity Academies roundtable Tina Allison Audit Tax Advisory What is cybersecurity? Cybersecurity can be defined as the protection of information assets by addressing threats to information processed,

More information

Accounting and tax for start-up and small businesses

Accounting and tax for start-up and small businesses Business Accounting and tax for start-up and small businesses A guide for clients www.bwm.co.uk t 0151 236 1494 f 0151 236 1095 Contents Page Introduction - Small businesses and start-up services 2 Which

More information

How do I start up as a Contractor?

How do I start up as a Contractor? guide for freelancers and contractors How do I start up as a Contractor? Your step by step guide to getting your contracting business off to a successful start Keeping one step ahead, from the start Starting

More information

A guide to investing. Appendix 10 Choice of business entity

A guide to investing. Appendix 10 Choice of business entity A guide to investing in Wales Appendix 10 Choice of business entity August 2013 Appendix 10 Choice of business entity 1. Principal forms of doing business Business organisations in the UK usually take

More information

KEY GUIDE. Selling a business the key issues

KEY GUIDE. Selling a business the key issues KEY GUIDE Selling a business the key issues Key issues There are a variety of reasons why you might want to sell your business. Probably the most common situation is when you want to retire, but maybe

More information

Business finances. Contents. Maintaining your cash flow

Business finances. Contents. Maintaining your cash flow This information is an extract from the booklet Self-employment and cancer. You may find the full booklet helpful. We can send you a free copy see page 6. Contents Maintaining your cash flow Reducing your

More information

Law Firm Benchmarking 2015. Providing clarity in the legal sector

Law Firm Benchmarking 2015. Providing clarity in the legal sector Law Firm Benchmarking 2015 Providing clarity in the legal sector contents 1 Delivering profitability remains a challenge 2 Highlights from 2014-15 4 6 The regional view 8 Looking forward Law Firm Benchmarking

More information

Set up and register a limited company (private or public)

Set up and register a limited company (private or public) Page 1 of 8 Set up and register a limited company (private or public) Before your business can begin operating as a limited company, it has to be registered with the Registrar of Companies - Companies

More information

A GUIDE TO STARTING UP AS A SOLE TRADER/SELF EMPLOYED

A GUIDE TO STARTING UP AS A SOLE TRADER/SELF EMPLOYED A GUIDE TO STARTING UP AS A SOLE TRADER/SELF EMPLOYED RIFTACCOUNTING.COM A GUIDE TO STARTING UP AS A SOLE TRADER/ SELF EMPLOYED This guide assumes that you have made a decision to become a Sole Trader

More information

BUSINESS SUPPORT. A guide for new businesses in the city

BUSINESS SUPPORT. A guide for new businesses in the city BUSINESS SUPPORT A guide for new businesses in the city FOREWORD Welcome to the Business Support Guide, the map of the support available for start-up businesses. This guide was produced by Plymouth City

More information

Student Loans Company. Repaying your student loan

Student Loans Company. Repaying your student loan Student Loans Company Repaying your student loan Contents Page Introduction 3 How much do I repay? 4 Do I pay interest on my loan? 6 How do I repay? 7 When will I get a statement? 11 Coming to the end

More information

Starting up your own business.

Starting up your own business. Starting up your own business. Supporting you on your business journey. Planning and organisation are crucial in the early stages of setting up a new business. You have a far higher chance of success if

More information

KEY GUIDE. Drawing profits from a company

KEY GUIDE. Drawing profits from a company KEY GUIDE Drawing profits from a company Constantly changing tax rules When you draw profits from an owner-managed company it is important that you do it in ways that minimise the tax and national insurance

More information

BUSINESS SUPPORT. A guide for businesses in the city

BUSINESS SUPPORT. A guide for businesses in the city BUSINESS SUPPORT A guide for businesses in the city FOREWORD Welcome to the Business Support Guide, the map of the support available for businesses. This guide was produced by Plymouth City Council at

More information

Tax Rates 2016/2017. www.wilkinskennedy.com

Tax Rates 2016/2017. www.wilkinskennedy.com Tax Rates 2016/2017 www.wilkinskennedy.com INCOME TAX Rates 16/17 15/16 Starting rate of 0% on savings income up to* 5,000 5,000 Savings allowance at 0% tax: Basic rate taxpayers 1,000 N/A Higher rate

More information

trust When you choose an accountant, you need someone you can trust. This trust does not come from a job title - it needs to be earned.

trust When you choose an accountant, you need someone you can trust. This trust does not come from a job title - it needs to be earned. about us trust When you choose an accountant, you need someone you can trust. This trust does not come from a job title - it needs to be earned. At Duncan & Toplis we understand this and our clients trust

More information

Who we are. What we do. Why choose us? Page 2

Who we are. What we do. Why choose us? Page 2 Who we are 1 st Contractor Accountants are a specialist online firm of accountants for contractors, freelancers and small businesses. The founders of 1 st Contractor Accountants have nearly 30 years combined

More information

A step by step guide. Contracting through your own limited company.

A step by step guide. Contracting through your own limited company. A step by step guide. Contracting through your own limited company. Our straightforward guide At Simplyco, we believe in making life less complicated. That s why we created this straightforward guide to

More information

CFC CFC GLOBAL UMBRELLA WELCOME GUIDE. SETUP PROCESS 03 Steps 1-4 and Agency Update 04 Setting Up with Agencies. CONTACT 21 Contact CFCG

CFC CFC GLOBAL UMBRELLA WELCOME GUIDE. SETUP PROCESS 03 Steps 1-4 and Agency Update 04 Setting Up with Agencies. CONTACT 21 Contact CFCG CFC CFC Global LLP CFC GLOBAL UMBRELLA WELCOME GUIDE 01 UMBRELLA SERVICES EXPENSES EXPLAINED Expenses Explained CFCG Referral Details and Form to 19 1-46 21 CONTACT 21 Contact CFCG WELCOME! As a contractor

More information

Payroll and Auto- Enrolment services

Payroll and Auto- Enrolment services Payroll Payroll and Auto- Enrolment services A guide for clients Payroll Services Payroll We provide an affordable, efficient & accurate payroll service to clients, handling your weekly or monthly payroll

More information

Guide to Government s Business Services

Guide to Government s Business Services Guide to Government s Business Services August 2014 Why small business is big business 2 Index Helping small businesses: What support is there for a small business? 4 Business Advice 5 Local Advice & Support

More information

Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme

Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme Important information you need to read The Financial Conduct Authority is a financial services regulator. It requires us, Prudential,

More information

Self-Help Kit. Limited Company. Guidance Manual. The contents of this Manual have been approved by H M Williams Chartered Accountants

Self-Help Kit. Limited Company. Guidance Manual. The contents of this Manual have been approved by H M Williams Chartered Accountants Self-Help Kit Limited Company Guidance Manual The contents of this Manual have been approved by H M Williams Chartered Accountants 3 How to use this Kit This Lawpack Kit can help you achieve an important

More information

Buying and selling an unincorporated business

Buying and selling an unincorporated business Introduction This section covers the main tax issues that arise when buying or selling a business owned by a sole trader, a partnership or a company. The tax consequences differ, depending on whether the

More information

Incorporating a Company

Incorporating a Company Incorporating a Company what you need to know About this Guide This guide has been produced by Sean Toomer, Founder of Diverso, a firm of accountants, taxation advisors and business consultants based in

More information

A GUIDE TO LEGAL FORMS FOR SOCIAL ENTERPRISE NOVEMBER 2011

A GUIDE TO LEGAL FORMS FOR SOCIAL ENTERPRISE NOVEMBER 2011 A GUIDE TO LEGAL FORMS FOR SOCIAL ENTERPRISE NOVEMBER 2011 A Guide to Legal Forms for Social Enterprise Definition of a Social Enterprise The term Social Enterprise describes the purpose of a business,

More information

Dealing with disputes at work

Dealing with disputes at work Factsheet 70 November 2013 About this factsheet This factsheet is aimed at older people who are in work and covers information on dealing with a dispute with an employer, including taking legal action.

More information

Social Investment Tax Relief

Social Investment Tax Relief Thompson Taraz Ten things you need to know about: Social Investment Tax Relief September 2014 SITR 2 Background - An introduction Social Investment Tax Relief ( SITR ), launched this year in the UK, aims

More information

KEY GUIDE. Drawing profits from a company

KEY GUIDE. Drawing profits from a company KEY GUIDE Drawing profits from a company Constantly changing tax rules When you draw profits from an owner-managed company most people are keen to ensure that they do it in a way that minimises the tax

More information

Setting up a UK Company. by Russell Black

Setting up a UK Company. by Russell Black Setting up a UK Company by Russell Black ABOUT GLAZERS Glazers is a long-established 6-partner firm of Chartered Accountants, based in London. We act as accountants, auditors, tax advisers and business

More information

Setting up and Running a Limited Company

Setting up and Running a Limited Company Setting up and Running a Limited Company A brief introduction and explanation to some of the legal and financial matters which need to be considered 1. Company Set Up You form a limited company at Companies

More information

Should I Incorporate? How limited company status can benefit Barristers

Should I Incorporate? How limited company status can benefit Barristers Should I Incorporate? How limited company status can benefit Barristers Tel: +44 (0)20 7383 3200 Email: peter.grossmark@silverlevene.co.uk mason.bloom@silverlevene.co.uk Should I Incorporate? How limited

More information

Tax Reliefs for Research and Development Expenditure

Tax Reliefs for Research and Development Expenditure Tax Reliefs for Research and Development Expenditure Introduction Successive Governments have recognised that encouraging businesses to undertake Research and Development (R&D) activities in the UK is

More information

Contents. Legal structures 3-4

Contents. Legal structures 3-4 Legal Issues 1 Contents Legal structures 3-4 1.1 Sole trader 1.2 Partnership 1.3 Limited liability partnership (LLP) 1.4 Limited liability Company 1.5 Franchise 1.6 Social enterprises Intellectual property

More information

Key Features of the Prudential Personal Pension Scheme

Key Features of the Prudential Personal Pension Scheme Key Features of the Prudential Personal Pension Scheme Important information you need to read The Financial Conduct Authority is the independent financial services regulator. It requires us, Prudential,

More information

Direct Payments Becoming an Employer Guide

Direct Payments Becoming an Employer Guide Direct Payments Becoming an Employer Guide Becoming an Employer (April 2015) Page 1 of 13 Contents 1. Introduction 1.1. Getting the right advice and help 1.2. Employer responsibility 2. General: Becoming

More information

Prepare for Automatic Enrolment

Prepare for Automatic Enrolment Section title Sage 50 Payroll: Auto Enrolment Edition and The Pensions Module Prepare for Automatic Enrolment From your Accountant 1 What is Sage 50 Payroll? New Sage 50 Payroll: Auto Enrolment Edition

More information

STARTING IN BUSINESS

STARTING IN BUSINESS STARTING IN BUSINESS 2013/14 EDITION www.businessstartupsouthwest.co.uk advice@milsted-langdon.co.uk CONTENTS THE FIRST STEPS Welcome 01 Business foundations 01 FINANCIAL Overview 02 Invoices 02 Business

More information

Contents. Page 2 What is IR35? What is classed as disguised employment? What is inside and outside IR35?

Contents. Page 2 What is IR35? What is classed as disguised employment? What is inside and outside IR35? Contents Page 2 What is IR35? What is classed as disguised employment? What is inside and outside IR35? Page 3 What factors constitute being inside or outside IR35? Can I complete a contract if I am inside

More information

Running a limited company

Running a limited company 01 RUNNING A LIMITED COMPANY CHARTERED ACCOUNTANTS Running a limited company Supportive. Effective. Efficient. Experts in tax and finance. Running a limited company When you decide to start a limited company

More information

Accountancy Services Taxation Services Bookkeeping services VAT Returns PAYE Returns Company Secretarial Services Business Start Ups

Accountancy Services Taxation Services Bookkeeping services VAT Returns PAYE Returns Company Secretarial Services Business Start Ups Accountancy Services Taxation Services Bookkeeping services VAT Returns PAYE Returns Company Secretarial Services Business Start Ups Company Profile Daniel Chartered Certified Accountants is an independent

More information

Business Support for SMEs Maximising the Value of Intellectual Property

Business Support for SMEs Maximising the Value of Intellectual Property Business Support for SMEs Maximising the Value of Intellectual Property Intellectual Property Office is an operating name of the Patent Office Contents Introduction 1 Business Support Programmes 2 Design

More information

Is a limited company right for you?

Is a limited company right for you? Is a limited company right for you? As a contractor you have the opportunity to take home more of your income each month, but it's important to make the right decision about how you achieve that aim. Get

More information

A Guide to Contracting

A Guide to Contracting A Guide to Contracting An Introduction to Contracting Going freelance doesn t mean going it alone 292 Wake Green Road Birmingham B13 9QP Tel: 0121 778 6278 contracting@lowsonward.com A Guide to Contracting

More information

Guide. to starting a limited company

Guide. to starting a limited company Guide to starting a limited company Starting a Limited Company A Practical Guide to What You Should Know If you are thinking of setting up a limited company for contracting or you already have one, you

More information

Tax solutions for financial services firms

Tax solutions for financial services firms Draft Version 1 15/09/2015 Tax solutions for financial services firms PRECISE. PROVEN. PERFORMANCE. Tax solutions for financial services firms The Financial Services tax team at Moore Stephens provides

More information

Tax Reliefs That Work: Research & Development Tax Credits and the Patent Box regime

Tax Reliefs That Work: Research & Development Tax Credits and the Patent Box regime Tax Reliefs That Work: Research & Development Tax Credits and the Patent Box regime Encouraging UK innovation Introduction The Research and Development (R&D) tax relief scheme and the Patent Box are key

More information

Before beginning your journey there are a number of things you will need to consider, with the most important being finance.

Before beginning your journey there are a number of things you will need to consider, with the most important being finance. Whether you have just started your own small businesses, or you are a budding entrepreneur with big aspirations, there has never been a better time to work for yourself. With the economy going from strength

More information

J.P. Morgan ISA and J.P. Morgan Investment Account

J.P. Morgan ISA and J.P. Morgan Investment Account Key Features and Terms and Conditions Effective from 7 December 2015 J.P. Morgan ISA and J.P. Morgan Investment Account For J.P. Morgan Account holders TABLE OF CONTENTS PAGE 2 2 8 9 12 22 23 24 KEY FEATURES

More information

Investing in community shares

Investing in community shares Investing in community shares Investing in community shares Introduction Give, lend or invest? Have you been invited to buy shares in a community enterprise? Then you are not alone. You are one of thousands

More information

Document 4. Personal Assistant Partnerships

Document 4. Personal Assistant Partnerships Document 4 Personal Assistant Partnerships Personal Assistant Partnerships Document 4 Under normal circumstances it will be unlikely that a PA can be self-employed. However under certain conditions a PA

More information

Quick Guide. Employment Status of Coaches A Guide for Employers/Deployers and Coaches. Alan Edwards

Quick Guide. Employment Status of Coaches A Guide for Employers/Deployers and Coaches. Alan Edwards Quick Guide Employment Status of Coaches A Guide for Employers/Deployers and Coaches Alan Edwards Contents Introduction 1 What do we mean by employment status? 1 General principles of employment status

More information

Tax Treatment of Research and Development Expenditure

Tax Treatment of Research and Development Expenditure Tax Treatment of Research and Development Expenditure Summer 2013 Introduction Successive Governments have recognised that encouraging businesses to undertake Research and Development (R&D) activities

More information

Key Features of the Ascentric Pension Account (SIPP)

Key Features of the Ascentric Pension Account (SIPP) Key Features of the Ascentric Pension Account (SIPP) Introduction The Financial Conduct Authority is a financial services regulator. It requires us, Investment Funds Direct Limited (IFDL), to give you

More information

Limited companies. Identifying a limited company. Liability for limited company debts. Information: formal insolvency proceedings.

Limited companies. Identifying a limited company. Liability for limited company debts. Information: formal insolvency proceedings. This fact sheet gives information about private limited companies. We will use the terms limited company and company for the rest of this fact sheet. We explain the responsibilities of limited company

More information

TAX PLANNING FOR LIMITED COMPANY FREELANCERS AND CONTRACTORS

TAX PLANNING FOR LIMITED COMPANY FREELANCERS AND CONTRACTORS TAX PLANNING FOR LIMITED COMPANY FREELANCERS AND CONTRACTORS 2016/17 E-Book by JF Financial Management Limited Contents Disclaimer... 3 Introduction... 4 Limited companies - an introduction... 5 Corporation

More information

Start-up and Small Businesses

Start-up and Small Businesses Start-up and Small Businesses Proactive Advice and Support Whether you want to be your own boss or have aspirations for even greater things Contents Streets provided me with clear, expert advice whenever

More information

A guide to self-employment

A guide to self-employment A guide to self-employment Why become self-employed? There is encouragement from the government for people to become self-employed and at first it seems attractive, especially if you have recently become

More information

Choosing Business and Company Names

Choosing Business and Company Names Choosing Business and Company Names Business Information Factsheet BIF368 February 2015 Introduction Naming a business is an important consideration for anyone starting a new venture. Business owners must

More information

ebrief for freelancers and contractors Contractors guide to investing surplus cash

ebrief for freelancers and contractors Contractors guide to investing surplus cash ebrief for freelancers and contractors Contractors guide to investing surplus cash Making the most of your Surplus Cash Intouch Accounting, the personal online accountant, looks at this all important question

More information

Business Plans. Why does a business need a plan?

Business Plans. Why does a business need a plan? Business Plans Every new business should have a business plan. It is the key to success. If you need finance, no bank manager will lend money without a considered plan. It is one of the most important

More information

Buy-to-let guide about tax

Buy-to-let guide about tax Perrys Chartered Accountants Buy-to-let guide about tax Introduction As a buy-to-let landlord it is important you know about tax and how it affects you and your investment. This is why Perrys Chartered

More information

Tech Toolkit. Research & Development in the technology sphere

Tech Toolkit. Research & Development in the technology sphere Tech Toolkit Research & Development in the technology sphere A summary of the UK R&D tax credit scheme The UK s R&D tax credit regime is one of the most attractive in the world. There is now evidence of

More information

www.pwc.co.uk R&D tax relief May 2012

www.pwc.co.uk R&D tax relief May 2012 www.pwc.co.uk R&D tax relief May 2012 R&D tax reliefs over view of current schemes March 2012 Slide 2 R&D tax relief The UK government provides some significant tax incentives for companies undertaking

More information

Weathering the payroll storm

Weathering the payroll storm Weathering the payroll storm More and more businesses are finding managing their payroll and staying compliant with ever-changing legislation frustrating, expensive and time-consuming. Yet, ensuring your

More information

Introduction to setting up in Hong Kong (HK)

Introduction to setting up in Hong Kong (HK) Introduction to setting up in Hong Kong (HK) AIIA Exporter Club event - Doing ICT Business in Hong Kong & Taiwan February 2015 Why HK? Major financial and trading hub of Asia Pacific Gateway to China (CEPA)

More information

Business Tax Tips. www.hwca.com

Business Tax Tips. www.hwca.com % 101 Business Tax Tips www.hwca.com Publication Date: May 2013 Produced by Tax Insider Limited for the Haines Watts Group. All rights reserved. All published material remains the property of Haines Watts

More information

free Set yourself ...

free Set yourself ... Gabem Management Limited Set yourself free......... Work in the way that s best for you while we maximise the amount you take home, keep you compliant with legislation and take the weight off your shoulders.

More information

legal Expert unlimited legal advice and support included as part of your membership*

legal Expert unlimited legal advice and support included as part of your membership* legal Expert unlimited legal advice and support included as part of your membership* As a bira member you receive quality legal care for your business and peace of mind for you. 1300 typical member saving*

More information

RELEVANT TECHNICAL LIFE GUIDE PLAN TO THE RELEVANT LIFE PLAN RELEVANT LIFE PLAN TECHNICAL GUIDE.

RELEVANT TECHNICAL LIFE GUIDE PLAN TO THE RELEVANT LIFE PLAN RELEVANT LIFE PLAN TECHNICAL GUIDE. RELEVANT TECHNICAL LIFE GUIDE PLAN TO THE RELEVANT LIFE PLAN 1 RELEVANT LIFE PLAN TECHNICAL GUIDE. 2 TECHNICAL GUIDE TO THE RELEVANT LIFE PLAN ABOUT THIS GUIDE This guide has been designed for financial

More information

What to do before your personal assistant starts

What to do before your personal assistant starts 3 What to do before your personal assistant starts Before your personal assistant (PA) starts work there are some key tasks you have to carry out: Contract of employment Paying your PA Providing a pension

More information

The SWAIN guide to taxation issues and EIS

The SWAIN guide to taxation issues and EIS The SWAIN guide to taxation issues and EIS The SWAIN guide to taxation issues and EIS The South West Angel and Investor Network (SWAIN) connects private investors or Business Angels with companies looking

More information

Tax Facts 2014/15. Travers Smith LLP 10 Snow Hill London EC1A 2AL T +44 (0) 20 7295 3000 F +44 (0) 20 7295 3500. www.traverssmith.

Tax Facts 2014/15. Travers Smith LLP 10 Snow Hill London EC1A 2AL T +44 (0) 20 7295 3000 F +44 (0) 20 7295 3500. www.traverssmith. Tax Facts 2014/15 Travers Smith LLP 10 Snow Hill London EC1A 2AL T +44 (0) 20 7295 3000 F +44 (0) 20 7295 3500 April 2014 www.traverssmith.com Income Tax Income Tax Rates Bands Rate Tax on Band Basic Rate

More information

Old Burlington Investments AIM Growth Fund. Trusted Alternatives

Old Burlington Investments AIM Growth Fund. Trusted Alternatives Old Burlington Investments AIM Growth Fund Trusted Alternatives April 2013 Why Old Burlington Investments? Old Burlington Investments is a new alternative investment boutique Led by Brett Williams, former

More information

Specialist business & tax advisers for the. Dentistry Profession

Specialist business & tax advisers for the. Dentistry Profession Specialist business & tax advisers for the Dentistry Profession four fifty have a specialist team with many years combined experience working with the dentistry profession. This gives us an invaluable

More information

Fit for Work. Guidance for employers

Fit for Work. Guidance for employers Fit for Work Guidance for employers For details on when referrals to the Fit for Work assessment can be made in your area please visit: www.gov.uk/government/collections/fit-for-work-guidance Fit for

More information

Tax card 2016/17. www.krestonreeves.com

Tax card 2016/17. www.krestonreeves.com Tax card 2016/17 www.krestonreeves.com INCOME TAX Rates Starting rate of 0% on savings income up to* 5,000 5,000 Savings allowance at 0% tax: Basic rate taxpayers 1,000 N/A Higher rate taxpayers 500 N/A

More information

101 Business Tax Tips. By Sarah Bradford

101 Business Tax Tips. By Sarah Bradford 101 Business Tax Tips By Sarah Bradford This is an excerpt from Tax Insider s guide 101 Business Tax Secrets Revealed 2012/13. To get more tax-saving tips for your business, click here. Publisher Details

More information