If you are looking to start business and your business plan forecasts turnover more than £50,000 per annum, then its better to start with Company Limited By Shares
Individuals hired for one-off projects that are not classed as employees are not entitled to company benefits such as NI contributions and sick pay.
Payments on account are due by midnight on 31 January in the tax year and by midnight on 31 July after the end of the tax year. Any remaining tax for the year must be paid by 31 January after the end of the tax year, along with any Class 2 National Insurance contributions due.
For individuals who are obliged to file self assessment tax returns, we have compiled a brief article to help them understand about tax returns.
Our network is expanding and we are working hard to bring experts to your home city. We also provide services remotely. You can contact us by phone and online if you need help with your accounting and tax compliance.
