Company Formation London

                                                                       Company Formation London

Company Formation London

We offer company formation London, business consultancy in UK, accountancy and taxation services in UK. We have an experienced team of UK Qualified Accountants, Business Consultants and IFAs who have successfully served the business community for the last 20 years. The services are offered in a professional environment and a dedicated team will look after your business from day one. We will act as your Business Advisor, Accountant and Tax Agent, all under one umbrella, saving you time to run your business. Our dedicated team is committed to delivering what you need on time with the utmost efficiency. Our consultants are experienced and have proven their skills to each individual client’s satisfaction.

Cheap UK Accounting Packages

                         

Cheap UK Accounting Packages

Tax Return - £75

This package is applicable to Salaried, Property Income clients and Taxi Drivers. We can file your tax return if your

What is in the package?

Annual income is £100,000 or more.

You earn £10,000 or more income from property before deducting allowable expenses.

You earn £2500 or more income from property after deducting allowable expenses.

All you need to do is send us your paper work by post or by email. At only £75 you can leave all the hassle of figuring out your exemptions and claims to us.

£75 per year

Filing Annual Tax Return

Preparing your annual accounts

                                          

  

Company Formation UK - £9

                            Company Formation UK - £9

Global Company Formation Uk

We offer company formation, business consultancy, accountancy, e-filing London and taxation services. We have an experienced team of UK Qualified Accountants, Business Consultants and IFAs who have successfully served the business community for the last 20 years. The services are offered in a professional environment and our dedicated team will look after your business from day one. We will act as your Business Advisor, e- filing Accountant and Tax Agent, under one umbrella, saving your time to run your business. Our dedicated team is committed to deliver what you need on time with the utmost efficiency. Our consultants are experienced and have proven their skills in delivering quality services and have won each individual client’s satisfaction. Our friendly team is looking forward to meet you in your business needs.

You can start a company in UK for just £9. We will happily refund you £50.00 if you open bank account through us

Uk Limited Company- Taking Money Out

If you want the company to pay you a salary, expenses or benefits, you must register the company as an employer with HM Revenue and Customs  

The company must take Income Tax and National Insurance contributions from your salary payments and pay these to HMRC, along with employers’ National Insurance contributions.

If you or one of your employees makes personal use of something that belongs to the business, you must report it as a benefit and pay any tax due.

Dividends

A dividend is a payment a company can make to shareholders if it has made enough profit.

You can’t count dividends as business costs when you work out your Corporation Tax.

Your company mustn’t pay out more in dividends than its available profits from current and previous financial years.

You must usually pay dividends to all shareholders.

To pay a dividend, you must:

o    hold a directors’ meeting to ‘declare’ the dividend

o    keep minutes of the meeting, even if you’re the only director

Dividend paperwork

For each dividend payment the company makes, you must write up a dividend voucher showing the:

o    date

o    company name

o    names of the shareholders being paid a dividend

o    amount of the dividend

You must give a copy of the voucher to recipients of the dividend and keep a copy for your company’s records.

Tax on dividends

Your company doesn’t need to pay tax on dividend payments. But shareholders may have to pay Income Tax if they’re over £5,000.

For dividends above £5000, one will pay at a basicrate of 7.5% for dividend up to £32,000 and a higher rate for dividend up to£43,000.

Enjoy This Christmas Season With Us.

Company Formation UK

Abolishment of Class 2 NI from 6 April 2018

From 6 April 2018 Class 2 contributions will be abolished and Class 4 contributions reformed to include a new threshold (to be called the Small Profits Limit).

The self-employed currently have to work with two separate classes of NICs, the Class 2 NI and the Class 4 NI. You usually pay 2 types of National Insurance if you’re self-employed:

On Class 2 a self employed pays £2.80 a week if your profits are £5,965 or more a year

On Class 4  9% if your profits between £8,060 to £43,000 or 2% on profits over £43,000 more a year

This measure will mean that from April 2018 they will only have to engage with one class of NICs, delivering a simpler overall regime for the self-employed. In particular this will have a positive impact on sole traders, small partnerships and unincorporated enterprises with profits above the new Small Profits Limit. . For those with profits above the Small Profits Limit this measure is likely to have a positive impact as they will now only have to deal with one Class of contributions (Class 4) instead of Class 2 and Class 4 contributions reducing system complexity.

All those with profits at or above the Class 4 Small Profits Limit will gain access to the new State Pension, contributory Employment and Support Allowance (ESA) and Bereavement Benefit.

File Your Tax in UK

Tax Return UK

TAX RETURN TO BE FILES BY 31ST JANUARY 2017

You may need to file your tax return online if you have missed the deadline of 31st October, 2016 for filing your paper return. You will be filing your tax return for the tax period 6th April 2016 to 5th April 2016.

Who needs to file Self Assessment:

If you are self employed

Employed persons whose income was over £100,000

Director of a Company

Partner in a partnership

Retired People who are on the registered pension scheme

If you got £2,500 or more untaxed income from renting out property or savings and investments-

Your savings or investment income was £10,000 or more before tax.

You made a profit on selling things like shares, a second home or other chargeable assets and need to pay Capital Gains tax.

If either your income or (your partner’s) was over £50,000 and one of you claimed Child Benefit

You had income from abroad that you needed to pay tax on

You lived abroad and had a UK income

You got dividends from shares

You were a trustee of a trust

Other people for example religious ministers or Lloyd’s underwriters

If the HMRC sends you a letter telling you to send a return then you must send your tax return.

To file your tax return you need to obtain your 10 digit UTR (Unique Taxpayer Reference). You can first register online to obtain your UTR. This can take up to 10 days.

You can start by keeping your paper work in order so that you can get a few weeks before the deadline date. The penalty for filing late is £100 and can cost more. If you are confused about what information to add and how to fill in the details and the forms required follow our blogs for more information. You can also consider getting professional help.