Limited Company
Packages
– Statutory Accounts & Corporation Tax for Period
Package 1 – Monthly:
– Statutory Accounts & Corporation Tax for Period
– Confirmation statement submission
– Quarterly Bookkeeping Review which includes a tax estimate
Package 2 – Monthly:
– Package 1 PLUS
– Monthly Payroll preparation & Submission
OR
– Quarterly VAT Returns
Package 3 – Monthly:
– Package 1 PLUS
– Monthly Payroll preparation & Submission
And
– Quarterly VAT Returns
Additional Extra:
– Self Assessment per Director
Checklist
– Incorporate the business with Companies house
– Limited company Bank account
– Directors as signatories on the bank
– Complete the checklist with ICO for GDPR
– Business Insurance
HMRC Gateway account:
> Activate Corporation tax
> Activate PAYE if required
> Activate VAT if required
> NEVER share your Gateway login details
VAT Threshold £90,000 in a rolling 12-month period
Do I need PAYE:
> How are the directors earning from the business?
> Is this your only income?
> Dividends can only be taken if there is a profit after tax at least the dividends you want to take.
> Dividends are NOT a tax deductible expense
> The director’s optimum salary is
> £5,000 (Secondary Threshold NI)
> This salary is a tax-deductible expense
> No NI (employer/employee) is due
> This salary will provide the state pension year