Starting your own small business is incredibly exciting, but it can also be a very daunting prospect. It’s often very difficult to know where to start. Once you have a great idea in your head and have researched the viability of your venture, it’s time to make it official by registering a name and suitable […]
All posts by Rachel Craig, Quality Formations
Filing and reporting checklist for limited companies and LLPs
Author: 14th November 2016Whether you’re a first-time company owner or you’ve been in business for some time, this checklist is designed to give you a detailed overview of your filing and reporting duties as a limited company director. It’s a great resource to bookmark to ensure you’re always up to date with your key responsibilities and don’t get […]
When and how to register your company as an employer
Author: 12th September 2016If you employ people to work for your business and they receive at least £112/week (Lower Earnings Limit for National Insurance), or your company uses subcontractors for construction work, you are legally required to register as an employer. Furthermore, you must also register if you wish to pay yourself a director’s salary because, technically, you […]
When is the best time to turn a sole trader business into a limited company?
Author: 25th August 2016The truth is, no business is ever too new or too small to be registered as a company, but it is a particularly beneficial legal structure if you’re planning to grow an existing sole trader business, start trading further afield and/or your profits are likely to be at least £20,000 per year. As business profits […]
Using your home as your companys registered office address
Author: 16th August 2016There are very few rules or restrictions on the type of address you can use as a limited company registered office. As a result, many people simply nominate their private residential address for this purpose. This decision does not pose any major problems for most people, but often times it is more beneficial to use a […]
What you need to know as a new company director a detailed checklist
Author: 18th May 2016The role of company director comes with a lot of important responsibilities, but the job is not nearly as terrifying as you might first assume. As long as you’re prepared and organised, you shouldn’t have any problems carrying out your legal obligations. Whether you’re starting your own limited company or being appointed to manage someone […]
Benefits of accepting card payments for your small business/startup
Author: 15th April 2016If you’re setting up an online business, you really don’t have much choice because almost all of your customers will want and expect to pay online. You’ll be hard pushed to find many people who are willing to send a cheque (if they even still have a chequebook) or transfer funds from their bank account […]
Claiming expenses as an IR35 contractor
Author: 10th March 2016Intermediaries legislation, most commonly referred to as ‘IR35’, was introduced in April 2000 to prevent workers from contracting through a limited company (either their own or an intermediary umbrella firm) as a way to disguise employment and pay less Income Tax and National Insurance. Contractors who carry out work that falls under IR35 legislation do […]