Start ups, Contractors, Landlords

New businesses, IR35, rental accounts

New start ups

Starting up your own business for the first time can be a very daunting time.  We are here to hold you hand through everything and make sure you do everything you need to.

If you have recently started trading or are about to take the plunge there are lots of questions you should be asking yourself:

• what should I tell the Taxman?
• what records do I have to keep?
• what expenses are tax deductible?
• do I need to register for VAT?
• what about National Insurance Contributions?

We can answer all of these questions and more to ensure you start off on the right track. But please, act now otherwise you may have penalties and fines to pay on top of your tax bill.

Sole traders, partnerships or companies? - we can talk you through the pros and cons of the different ways of running your business including the commercial, legal and financial implications.  There are many options including sole trader, partnership and limited company and we can suggest the best one for you.

Contractors

Many of our clients are contractors or freelance consultants so we are well placed to look after you.  We can help you decide whether or not you fall foul of the IR35 regulations and offer advice on the wording of contracts to give you a better chance of escaping the dreaded IR35 tax.

Landlords

Being buy to let landlords ourselves, we have a vested interest in knowing how to make the rules work for rental businesses including selling your investment property tax free and maximising tax relief for repairs and maintenance costs.

Behind with your tax returns?

If you haven't told the Taxman about your business for a few years, don't panic. We can help you catch up and we'll talk to the Taxman on your behalf to minimise any penalties that may be payable.