FAQ's
I started a new business what are my obligations to the tax authorities?
Whether you set up as a sole trader or a limited company you are obliged to inform the Inland Revenue within 3 months.
Is there a penalty for late submission of my personal tax return?
If a tax liability arises then the answer is yes, subject to a minimum of a £100. If no tax liability arises then there is no penalty.
Can you assist in reviewing my contract for IR35 purposes to ensure that I maximise my personal income and minimise my tax?
In most cases yes, provided the contract has been drawn up correctly.
Can you assist in forming a new company?
Yes, this can usually be done within 48 hours and the total cost would not exceed £48 including VAT.