BUSINESS START UPS
Are you looking to hire accountants for your business start-up? You can trust the team at Business & Accountancy Assist Ltd. We welcome clients from throughout the UK.
Our accountants offer a wide range of business start-up assistance to make sure that you can concentrate on running your start-up efficiently.
No one wants to find themselves paying additional tax that they could have saved. Our accounting services are fully flexible and are designed to allow you to choose exactly the help you need. You can leave the accounts to our dedicated team and focus on making your business a success!
Things you need to know
Your yearly financials must be recorded and returns filed to HMRC, regardless of the size of your business, and there are a number of different tax obligations for small businesses to be aware of when filing. The following are the most important:
- VAT - If your taxable turnover exceeds £85,000 per year, you must register with HMRC and submit VAT returns.
- Payroll - If you employ workers (or directors), you may be required to deduct tax and national insurance from their wage slips. You must record these payments to HMRC on a regular basis, depending on the frequency of the payments.
- Corporation Tax — On their taxable profits, most incorporated (for-profit) businesses must pay corporation tax. For small firms, the current rate is 19%.
- Income Tax – Profits are subject to income tax and class 4 national insurance for non-incorporated firms such as sole traders and self-employed persons. Payments on account can catch newer companies off guard because they generally need an advance payment.
Choose the accounting firm that's right for you
Running your business can be challenging. So why not let Business & Accountancy: Assist
manage your tax, accounting, bookkeeping and accounting needs? If you're not getting the
services you deserve from your accountant, is it time to switch?
Accountants you can trust
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