Accounting and bookkeeping for small to medium sized business
Accounting and bookkeeping for small to medium sized businessA better way to delve into this topic is to answer eight questions that are often on an entrepreneur’s mind:
1. What’s the difference between Accounting and Bookkeeping?
Bookkeeping is the work of keeping transactional records such as an invoice issued to a client, or a payment you have made to a vendor. In this process, you…
Small Business Accountants
Small Business Accountants who deliver moreAs a small business or medium sized business owner, you probably find it useful to have an extended team of specialists working with you, such as having a trusted accountant to oversee your business financial function and spot opportunities that can make your business thrive. We serve the London area, in particular, Richmond, Putney, Wimbledon,…
Tax-Free Childcare
Tax-Free ChildcareTax-Free Childcare will replace the Childcare Voucher Scheme later this year. This works more like a savings account, where the government tops up your account with £2 for every £8 you put in. You can use this to pay for up to £10,000 a year in childcare, of which £2000 would be provided by the government. This figure is doubled (£4000) for a…
Tax advice specific to contractors
Contractor TaxIf you have tax questions, we have answers
As a contractor, you may find yourself asking the questions:
Should you register for flat-rate VAT?
Do you fully comply with IR35?
Do you claim the £3,000 Employers National Insurance Allowance?
How do you know which items are considered eligible expenses?
Do you pay yourself a minimal salary?
In addition, there are a number of…
Contractor packages and fees
How to set yourself up as a contractorFrom initial set-up to on-going management, our specialist contractor accountants can assist you with your company set-up and manage all your on-going returns and administration with one of our competitively priced all-inclusive packages.
Our fees are fixed and you will only pay what has been agreed in advance – there are no hidden charges.…
Managing a Limited Company
How to manage a limited companyAs a limited company director, there are a number of legal requirements and responsibilities that you’ll need to perform throughout the year, some of which are ongoing while others are required on an annual basis.
Much of the administrative work required when running a limited company can be time-consuming, however, with a dedicated contractor…
What does the IR35 legislation mean?
Do you understand what IR35 legislation means to your business?IR35 is the common term for the ‘Intermediaries legislation’ introduced by HMRC in 2000. This legislation aims to eliminate the avoidance of tax and National Insurance Contributions (NICs) by contractors and service providers through the use of intermediaries, such as limited companies.
If you provide your own…
How to set up a Limited Company
How to set up a Limited CompanySetting up a limited company is the most tax-efficient way of structuring your contractor business. With a seamless initial set-up service and a skilled team that can provide careful, on-going management of your limited company’s finances, TaxAgility can assist your limited company for a competitive set monthly fee with no hidden charges.
On this page, we…
What is a Limited Company?
What is a Limited Company?It’s a common enough question, but what is a Limited Company and what does it mean to somebody looking to set up a new company or perform services as a contractor?
A limited company is a company that has its own legal entity and is therefore treated as a separate tax-payer. This means that the company’s finances are separate from the personal finances of…
Contractor companies explained
Explaining the difference between a Limited Company vs an Umbrella CompanyWe understand how daunting it can be for a contractor to grasp all of the legal, financial and fiscal aspects of starting and running a new limited or umbrella company.
The first question you need to ask is what structure will be right for your new contracting business? A limited company or an umbrella company? And what is…