Starting-Up Your Own Business: Limited Company Formation Specialists
. Starting up your own business will change your life. It will change the way you think, the way you work, the way you spend money and the way you socialise. It will be one of the most demanding challenges you will ever be likely to take on. So while you might be on the verge of starting your own business with the freedom to work when, where and for how long you want, you won't, contrary to popular belief, be going it alone. There will be others going through the same experience, there will be others who have already gone through the experience and there will be business start-up services to guide you.
Coddan CPM LTD offers limited company formation, setting up readymade, off-the-shelf company or own name limited companies at Companies House. By concentrating on business law, we feel that we can offer a more directed, and more efficient service to the professional client than could a general-purpose law firm. For this reason, we tend to avoid involvement in residential and other client work and routine litigation. Thus, by avoiding the dilution of our resources over numerous disciplines, our intentionally narrower remit has allowed us to develop real expertise in our chosen field. Our company is designed to provide information and guidance in starting and developing business within the United Kingdom. Allow us to help you register your private company and get it running, to select the best business for incorporation, or to register your business with the UK Companies House.
Same day companies creation for £32.00. New business company establishment usually completed in 4-6 hours using Companies House incorporation services. Our methods rely heavily on information-searches made by electronic means, either from local disks and servers, or from specialised, restricted-access Websites. Apart from reducing the clutter, this approach has been shown to yield substantially faster and more accurate results, not only providing a superior service to traditional law-book based approaches, but also significant savings which we try to pass on to our clients. We supply expert advice in navigating English legal and business systems helping you set up in England, Scotland, Northern Ireland and/or the Republic of Ireland. If you have an idea for a business, we can also assist you in start-up your new business directly in the UK from the ground up. In England, Wales and Scotland you must register your business, which we can do for you. Let us know how we can help.
Choose one of the following packages that will best serve you:
Further information
Coddan offers company formation, ready-made company registration for UK limited companies. We offer electronic filing enterprises & registering corporation services. In addition to business registrations we offer trademark registration, shareholder agreements, toll-free numbers, telephone answering, virtual office and company searches for UK limited companies. You are an accountant for whom company establishment is a frequent activity or an individual ordering your first company registrations. Start a company by incorporating or forming a LTD, PLC or LLP at Coddan. Learn about incorporation & how to incorporate your business online. Whether you start-up online, register London business or form a corporation Scotland, we can help you understand the business start-up process for filing LTD United Kingdom.
Incorporate or Form an LLC - Online! Company registrar United Kingdom, limited company formations & corporation registration, electronically LLC online, very easy and informative. In addition to private companies Great Britain, we offer trademark registration, shareholder agreements, 0870 numbers, telephone answering, virtual office and company searches for English companies. Information to help start, grow or manage a small business. If you are starting a business Edinburgh or starting own business Northern Ireland, read our starting business Republic of Ireland guide. Home business and small business training and ideas site to help you start Belfast, grow, and expand a home-based business or search for the work at home job right. An outline of the general steps for incorporation in Great Britain, explaining how to incorporate your business Dublin, from choosing where to incorporate your business.
UK ready-made company formation services and company registrations online, our offices keep a stock of ready made companies, and would be happy to supply details on request. We offer offshore ready-made companies in different jurisdictions, readymade offshorecompanies also called as offshore shelf companies, shelf off-shore companies for sale.
Open company same-day and offshore setting-up services using our online starting-up service for Limited Liability Company Offshore companies. Start enjoying the tax benefits and personal liability protection that forming a corporation or Limited Liability Company (LLC) provides. Offshore company incorporation, offshore checking and offshore saving accounts, offshore time deposits, offshore mutual funds, offshore money market accounts and offshore asset protection provided by Coddan.
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Provides list of shelf company, services and cost quotation.
This is actually a pretty good reason to incorporate in Delaware or Nevada. In fact, you could be a foreigner from Lebanon, never setting foot on American soil, form a Delaware corporation and no one would know who you are! However, many states will require the owners and/or officers and/or directors information while operating in that state (as a foreign corp.). Besides, how many small businesses require anonymity? Incorporate, incorporation, incorporating, incorporation services, incorporating services, incorporate Wyoming business online, incorporating Oregon business, New York LLC formation, Louisiana limited liability corporation, Texas articles of incorporation, Florida company incorporation, California non profit corporation, corporate name search offshore, BVI corporate name availability, Seychelles corporate name registration.
Learn about incorporation services Spain and incorporate Barcelona online! Online Madrid company formations, online company London W1 formation, Glasgow formation agent, Liverpool formations agent, Scottish companies house, forming a company Scotland, starting a business Wales, form a limited company Oxford, United Kingdom business registration agents, online Great Britain company registration. E-Business, Small Business, Business Structures Defined: The Limited Liability Company Business Structures Defined: The Limited Liability Company IRS Treatment of the One-Member LLC. An LLC with only one member / owner is automatically considered to be a sole proprietorship unless an election is made to be treated as a corporation. Thus, the sole member of an LLC will file (Form 1040), (U.S.
Individual Income Tax Return). A business may be conducted by a company as an entity in its own right and comes into existence by incorporation under companies legislation which also regulates the running of the company and sets out the duties of its officers. In recent years trading trusts have been commonly used as the structure for carrying on a business with their main objective of tax minimization. A trust requires a trustee to act on behalf of a trust and it has been preferable to have a company newly incorporated to act as the trustee as it is believed that this limits the liability of the trust to the paid-up capital of the Trustee Company. A trust is formed by a gift or settlement being made to the trustee on behalf of the, as yet unformed, trust.
A solicitor draws up a Trust Deed setting out the powers and formalizing the administration of the trust. The trust has beneficiaries rather than shareholders as in a company, who are entitled to distributions of capital and/or income and these distributions, are controlled by the trustee. The distribution made to beneficiaries are subject to income tax as part of their personal income and are liable for provisional tax on these distributions. Citizens and residents of other countries may incorporate in the United Kingdom through the standard incorporation procedures set forth by each state. Provides UK company formations, trademark registration, registered office facilities and company secretary services. Professional company formation, register your company online, we may establish new business at one day.
An online guide to starting up and expanding your business.
This is our most popular package with UK residents, and includes: The submission of forms detailing your company's executive officers The registration of your £1,000 authorised share capital (a minimum of one share must be issued) Company formation is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees The appointment of your own candidates as directors and secretary (a minimum of two people are required) The following documents will be e-mailed to you (Note: these documents are to be printed and signed): Electronic Certificate of Incorporation (PDF) Electronic Memorandum & Articles of Association (MS Word) Minutes of the First Meeting of Directors (MS Word) Share Certificates and company Register
Economy Package
£ 82.00
Annual Maintenance Fee £50.00
This is our most popular package with EU residents, and includes: The submission of forms detailing your company's executive officers The registration of your £1,000 authorised share capital (a minimum of one share must be issued) Company registration is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees The appointment of your own candidates as directors and secretary (a minimum of two people are required) A registered office address for 12 months, provided by Coddan An application form for the following year's renewal of the Registered Office Address service (£50.00) Annual Return and Annual Account reminder The following documents will be e-mailed to you (Note: these documents are to be printed and signed): Electronic Certificate of Incorporation (PDF) Electronic Memorandum & Articles of Association (MS Word) Minutes of the First Meeting of Directors (MS Word) Share Certificates and company Register
Premier Package
£ 131.95
Annual Maintenance Fee £99.95
This is our most popular package with small business, and includes: The submission of forms detailing your company's executive director The registration of your £1,000 authorised share capital (a minimum of one share must be issued) Company incorporation is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees Applicant appointment of director for company (appointed electronically) A registered office address for 12 months, provided by Coddan An application form for the following year's renewal of the Registered Office Address service (£50.00) Nominee company secretary service for 12 months (next year - £49.95) Annual Return and Annual Account reminder The following documents will be posted to you (these documents will be sent via Royal Mail): The original laminated Certificate of Incorporation A bound copy of the Memorandum and Articles of Association The Minutes of the First Directors' Meeting Two printed share certificates and Company Register
Deluxe Package
£ 256.95
Annual Maintenance Fee £224.95
This is our most popular package with overseas residents, and includes: The filing and registration of your company in England The registration of your £1,000 authorized share capital (a minimum of one share must be issued) Company formation is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees A registered office address for 12 months, provided by Coddan An application form for the following year's renewal of the Registered Office Address service (£50.00) Nominee Company secretarial service for 12 months (next year - £49.95) Coddan provides a company nominee director service for 1 year (next year - £125.00) The name of the nominee director & secretary will appear as a public record Annual Return and Annual Account reminder The following documents will be posted to you (these documents will be sent via Royal Mail): The original laminated Certificate of Incorporation A bound copy of the Memorandum and Articles of Association The Minutes of the First Directors' Meeting Two printed share certificates and Company' Register A pre-signed, undated letter of resignation from the nominee director A General Power of Attorney signed by nominee director An indemnity Letter for General Power of Attorney A nominee service agreement which provides for the indemnification of the nominees
Name Protection
£ 22.00
Annual Maintenance Fee £60.00
The purpose of this package: This package allows you to register a company name with Companies House and thus prevent this name being used to form a company by anyone else This package includes: The registration of a non-trading limited company with your choice of name Payment of UK legal and initiation fees A nominee director A nominee secretary A nominee shareholder A registered office address Management of the company: Coddan will file the annual return and dormant company accounts on your behalf for an annual fee of £60.00 If you do not wish to renew the management option at the end of term, the company will be dissolved
Business Start-Up: Legal Requirements
Company subscribers may be residents outside the UK You must appoint a minimum of ONE Director There is no maximum number of Directors Directors can be corporate bodies or private individuals A Director can be of any nationality Directors need not be formally trained All companies must appoint a company Secretary Secretaries can be corporate bodies or private individuals A Secretary can be of any nationality. If there is only ONE Director he or she CANNOT also be the Secretary A company must have a minimum of one shareholder who may be a corporate body or an individual No minimum paid up share capital A minimum of one share may be issued Capital may be denominated in any currency Shareholders and directors meetings may take place outside Great Britain The company is required to have a registered office in the UK
SAME-DAY UK LIMITED COMPANY INCORPORATIONS AND ONLINE COMPANIES REGISTRATION. UK COMPANY FORMATIONS - REGISTER A COMPANY OR LLP WITH CODDAN CPM - UK COMPANY INCORPORATION AGENT
Information and advice for setting up a small business: you probably found this page because you're looking into the process of company registration in the United Kingdom. While this is a complicated process, once you have a basic understanding of it, you can file for company status in under six-eight hours. Looking for information & guidance regarding limited company registration and small business start-up advice? Do you want to incorporate your business in Edinburgh, London, Birmingham, Belfast or Dublin?
You've come to the right place. Company formations usually completed in 6-8 hours using Companies House online company registration services. You can now form your UK limited company online using our company registration agent service. Coddan® (Coddan is the trading name of Coddan CPM LTD (project of Coddan Holdings (UK) LTD) - online companies establishment agent offering same day business incorporation with no paper form filling. Upon SPECIAL request, we may provide registered address services across the UK (in any city or town) and we may provide you a telephone number with call forwarding from any city and town.
All inclusive company establishment! We provide a full guide on how to incorporate your business without the need to hire a solicitor. Coddan is the online resource for incorporating limited companies online. Buy a limited company or ready-made company and register is as a limited company. New business companies formation is our specialty. Other companies formation agents form companies using nominees and then resign and transfer the shares to your chosen officials.
Coddan is one of the foremost and most economical providers of limited companies formation and new business entity registration services in the UK. Coddan is a leading company set-up agent that has expertise in off the shelf companies, ready-made companies, own name company formation as well as company search, credit checking, company secretarial, accounting and bookkeeping, tax advice & charity registration. Simple cost effective limited company set-up. No paper forms to complete, all information provided electronically. Coddan offer a range of services for business, including business company set-up, virtual office services, mailing address, and company secretarial services.
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The presence of these agent directors and shareholders leads to confusion and delay when opening bank accounts and arranging finance. The UK limited company would be formed in your name from the very beginning. This means that you choose the shareholders (owners), registered office and directors from incorporation and not the formations agent like off the shelf limited companies.
When setting up a limited company or running a new business, there are lots of different areas that have to be researched. We offer electronic new business registration and electronic filing of documents. We also offer nominee secretary and registered office facilities (in London W1, London WC1, London NW3, Birmingham, Manchester, Cambridge, Edinburgh and Glasgow) in addition to business formations. We always hold in stock English, Scottish, American and offshore ready-made companies available for immediate dispatch.
Annual return dates, duties and company account return dates are dependent on the original date of incorporation not the purchases date. Please note that all our ready-made companies are formed with General Commercial objects and are therefore able to conduct any nature of business. Off-the-shelf and ready-made are companies which have been incorporated by Coddan in the past yet have not engaged in any business activities since their registration. Generally, aged companies are more valuable than new companies.
You May Use This Link to Select a Ready-Made Company:
Forming a limited company with us could not be easier. Our simple online new business creation service carries out your limited company incorporation the way you want it, with your chosen nominees and nobody else - full documents, no activation fees, your own officers, freephone help and advice online. If you have questions please E-Mail or call us: Call FREE 0800 081 1510, Overseas Residents: +44 845 020 4269 or +44 207 637 3881, Fax: +44 20 7681 3318.
Important Note:
The formation of limited companies can take 6-8 hours if applications and payment are received before 11:00 AM London-time and Companies House permitting* (Companies House then aim to respond to electronically filed documents within 6-8 working hours. Although this is not always possible, it does generally mean that if you placed an order before midday on a normal working day we can have your company registered by the end of that same day.
Most companies are incorporated within 24 hours of application although there may be occasions where the process can take longer due to circumstances beyond our control) - from only ?32.00 - full documents, no activation fees, your own officers, free phone help and advice online (various packages available).
For our overseas clients, we are able to obtain Certificates of Good Standing and Apostille services at competitive prices. We also provide many additional services which can be ordered using our online order form. If it is essential that you have a company today, formed with the name in which you intend to trade, then you must request a "Same Day Company". Orders must be placed before 13:30 pm, Monday to Friday.
Setting up a small business involves a number of important steps if you want to get things right first time. We cannot cover every element of small business start-ups in a single guide, so we have provided links to further information where more detailed information is available - particularly in areas such as taxation. Start-up and running a business is a time consuming task - you need to be dedicated and focused and able to structure your time in order to be successful.
The rewards of starting up your own business can be great, but think carefully if you have the attributes and right sort of personality to cope with going it alone. You will need to decide what business structure you will trade under (sole trader, limited company or partnership) and what obligations and responsibilities you will have as the owner of a new business.
General Advantages of UK Private Limited Companies:
1. Liability is, in the vast majority of cases, strictly limited to the investments made by the shareholders. 2. Company Officers are not personally liable for their actions unless there is a clear and serious breach of their fiduciary duty. 3. Limited companies often benefit from greater prestige than their sole proprietorship or partnership counterparts. The reason is because such an enterprise normally requires more planning and thus is deemed more credible. 4. Limited companies often benefit from significant tax advantages. In fact, many countries around the world give exclusive tax incentives to this type of entity. 5. The rights of shareholders are normally clearly defined and protected. 6. Corporate taxes only become payable after the end of the financial year. This means money that would otherwise be taxed on a monthly or quarterly basis, is available to earn further interest before the final payment of tax. 7. You need only appoint one Director and one Shareholder. 8. Directors can be corporate bodies or private individuals. 9. A Director can be of any nationality. 10. All companies must appoint a company Secretary who can be of any nationality.
We can act as your company secretary and provide registered office facilities for an annual fee. This would include dealing with the annual statutory compliance work, maintaining the statutory records of the company, completing and filing the annual return, filing of the annual accounts, maintaining the registered office to ensure all documentation received is dealt with promptly and efficiently and ensuring that the company meets its statutory deadlines for filing of the annual return and accounts.
Live Help:
Live Help is a real time "chat" feature which enables you to interact with a customer service representative without a phone call. Get answers to your questions while using our website. Clicking the "Live Help" button will start an on-line session with one of our representatives. Live Help is currently available during normal business hours. Outside of the above opening hours, our business center will be closed. When you click on the button, you will see an e-mail form that will allow you to send us a mail with your questions. Live Help is free! There are no hidden fees. We offer the service as a courtesy to our website visitors.
Dear visitors, while having a chat session with a customer, we are frequently requested to give a piece of advice on tax planning or business structuring. We would like to inform you that it is against our principles to provide online advice pertaining to these issues. The points that may be covered during a session include service description, package or service price, navigation at our website, ways of making an order, methods of payment etc. Yet, if you wish us to provide you with advice on tax or business structuring, you should be aware that this service is chargeable.
If you have any questions please E-Mail or call us: Call FREE 0800 081 1510, Overseas Residents: +44 845 020 4269 or +44 207 637 3881, Fax: +44 20 7681 3318.
Small and medium-sized enterprises (SMEs) together accounted for more than half of the employment (58.2 per cent) and turnover (52.4 per cent) in the United Kingdom. In terms of the legal status of these companies - again using the same government data, over 2.5m are sole proprietors, just under 1.m are companies (limited companies in the main), and 540,000 are partnerships.
Setting up and running a business is a time consuming task - you need to be dedicated and focused and able to structure your time in order to be successful. The rewards of starting up your own business can be great, but think carefully if you have the attributes and right sort of personality to cope with going it alone.
With our new online electronic companies set-up system, we take you through each step of your private or guarantee (non-for profit) company creation process as quickly and as simply as possible. By providing 100% of the details online using a simple, well laid out process, you don't have to get tied up with complicated forms. After submitting, just sit back and wait for our email notification. You will be registered as the founding director and shareholder of the company, this means that you can open your doors for equity or debt financing from other sources since the company is actually registered in a real persons name who is responsible for the operations of the company.
We appreciate that not everyone likes to place orders over the Internet, preferring to place orders by phone, fax or even post. We are happy to take orders through any of these methods, but prefer to have the order in writing to avoid any possibility of error. This form can be completed on your computer (on screen) and then saved and e-mailed to us.
To Download This Offline Order Form Simply
Click Here (Our printable order form is in Excel format. To download, click the right mouse button and "Save target as")
Shareholders in liability companies are not responsible for company debts, although if required, directors may be required to guarantee loans or credit granted to the company. The higher-level requirements for U.K. limited liability companies are as follows: company must be registered at Companies House. Annual accounts must be filed at Companies House.
Annual Return must be completed each year to update Companies House with basic details relating to the company. Also requires a small annual fee. Inland Revenue must be informed if the Company has any profits or taxable income in a company year. Company must complete an annual Inland Revenue corporation tax return and pay the due taxes within nine months of the company year-end each year. Anyone employed by the company must pay income tax and national insurance on their income.
Private Limited Companies, the most typical setup for small UK businesses cannot offer shares to the public, but may have any number of shareholders. Each Private Limited Company must have at least one director to make management decisions and a company secretary. PLC's (public limited companies) differ from Private Limited Companies in that they are allowed to offer shares to the public to raise funds (with shares issued to a minimum value of ?50,000). Each PLC must have at least two directors to make management decisions and a company secretary.
UK LTD Companies from only ?32.00! All Inclusive Company Registration. Each limited company package includes all statutory paperwork and is fully compliant with company law. All our private UK companies are general trading companies and can be used to conduct any type of business. A Certificate of Incorporation, and the Memorandum and Articles of Association of your company will be sent to you upon formation of your company. You can appoint your own directors and secretary BEFORE company incorporation. This is absolutely FREE. Our 6-8 hour online incorporation service enables you to register your company quickly and effortlessly. All government and filing fees are included in the cost of our E-Quick pack. All certificates and documents will be sent directly to you via email immediately following the formation of your company. It will take just 5 minutes to complete the online registration form, then your company could be up and running within 6-8 working hours.
THE E-QUICK PACKAGE CAN BE UPGRADED WITH ANY OF THE FOLLOWING FEATURES:
1. Company Pliers Seal - ?20.00. 2. Laminated Hard-copy of the Certificate of Incorporation - ?5.95. 3. Laminated Hard-copy of the Certificate of Incorporation, Bound Copies of the Memorandum & Articles, and Combined Company Register - ?12.95. 4. Domain Name Registration for two years - ?16.00. 5. Provision of a Registered Office Address for 12 months - ?50.00. 6. Provision of a Nominee Company Secretary for 12 months - ?49.95. 7. Certificate of Good Standing - ?35.00. 8. Notarisation & Apostille of Documents.
E-Quick Company Incorporation Package For Just ?32.00
Our products start from just ?32.00 for our E-Quick service. This package offers fast electronic company registration documents and like all of our incorporation products is usually completed with in 6-8 hours. All our companies are full trading companies, this package includes the electronic submission and start-up of your company at Companies House, Electronic Certificate of Incorporation (.pdf. format) & Memorandum and Articles of Association (.word. format).
Our fast few hours start-up service which enables you to appoint your own directors, secretary and registered office details straight away. Your company is then submitted for incorporation with your choices as the original company officers. This procedure applies to all or packs with the payment of all Government Duty to Companies House Cardiff or Edinburgh. This package is sent directly to you by e-mail. Our online formation order form ALLOWS a customer to add more services: domain name registration, free 0800/0870, 0845, 0207 telephone numbers (receive faxes, setup voicemail. Forward calls to mobile and land lines, nationally and internationally), Notarisation &: Apostille, etc.
If you have opted for the Registered Office Address Service as part of our Company Services you will be able to use our address as your registered office address on all your business stationery. To give the impression you are based in either or central London (W1, WC1) or Finchley Road (NW3) (in additional to London addresses we may offer you addresses in Edinburgh or Glasgow (Scotland)) you can use our offices as your own Trading Office Address.
Depending on your individual requirements we would be happy to hold mail for collection or to be forwarded on to you as per your instructions. Mail Box Service: the Mail Box Service will enable you to have your mail delivered to our offices and forwarded to you anywhere within the UK or abroad and can be used in conjunction with the Registered Office Address Service if required.
All business owners and managers will recognise it is of paramount importance to present the right company image and give the right impression at all times. For potential new customers their first impressions are vital, whilst it is beneficial to remind existing clients and suppliers they are doing business with a thoroughly professional team.
Our attitude is that a virtual receptionist should provide a telephone answering service as part of your team. A telephone answering service should handle calls in a friendly and courteous manner and definitely not sound part of a call centre, you want to create a professional impression if you have a real office or a virtual office.
You now have the opportunity to access our unique blend of, state-of-the-art technology and good old-fashioned personal service. The results are an efficient and cost effective solution for your business, and an impressive service for your callers. To find out how your business could benefit from this, phone us now or simply make it happen by e-mailing us your details and requirements.
You May Use This Form to Incorporate a Limited Company:
This package has all the features of our E-Quick business incorporation package but also has the provision of having your company registered office address. This service is particularly useful for smaller companies, such as those being run by a sole director from home, where a separate address for service of routine paperwork from authorities such as Companies House and the Inland Revenue may be required for various reasons.
All our companies' creation packs are electronically incorporated at Companies House with no requirement to complete any old style paper forms! All England and Scotland registered companies are legally required to have a registered office address. It is the address of a company to which Companies House letters and reminders will be sent.
Our registered office address will be recorded at Companies House and all official mail will be forwarded to your designated address. If you want to be a Scottish registered company and governed by Scottish law then you will need a registered address in Scotland. We can provide you with a prestigious address in Edinburgh.
Premier starting company registration packages are our premier offering. They combine all of the features of the Economy package and also add the provision of the prepaid nominee secretary services of our company secretarial team. The nominee company secretary service is ideal for sole directors unable to find someone to take on this role. Our annual fees for company nominee secretary appointment are ?49.95. This covers our appointment as secretary. Our annual fee includes the cost of processing the company's Annual Return each year. If you would like us to undertake specific company secretary services then we will quote you the likely fees either on an annual or task-by-task basis.
This package designed to meet the requirements of those who do not want to appoint a second person to their company. The Companies Act requires a minimum of two officers to be appointed at all times. If you are in business on your own it can often be difficult to find someone else to take on the role of company secretary as they maybe unsure of their legal obligations and responsibilities. The nominee company secretary service will need to be renewed after one year.
This package includes registered office, nominee secretary for 12 months (includes processing annual return) and NOMINEE DIRECTOR SERVICE (incl. General Power of Attorney). If you do not wish to disclose director and shareholder names and other personal details for the registration, we can provide a nominee director and a nominee shareholder. Usually one share is issued to the company director, who will issue a Declaration of Trust in favor of the company owner.
order form page.
You May Use This Form to Setting-Up a Limited Company:
Normally establish or acquisition of a limited company at the beginning is a very quick and informal process. Of course the company will require professional advice and professional services during its development. Our consultants can help you to start-up your business and support it in many ways during its development. As ancillary services to the formation of UK companies, we can offer you the following services:
Amazing Vintage Company We have recently acquired an amazing vintage company which was registered in 1978. This company is dormant: it has no liabilities or debts whatsoever, and comes with an operational HSBC business bank account. In addition, this company was fully VAT registered and comes with the VAT registration number. Don't miss this opportunity; contact us now for the price and further details!
Being the owner of a vintage company is a little like being the owner of a vintage car. When you take your vintage company out on the street, people will stop and take notice; people know that to have lasted so long a vintage company must be reliable, durable, and have proven integrity; that it has something that other companies don't have. Using a vintage company gives your business the impression of longevity and tradition, and all of the prestige that this engenders.
Vintage cars are not included with our ready-made companies.
* The price depends on urgency, volume and other factors. Please contact us for further details.
With our new online electronic companies registration system, we take you through each step of your private or guarantee company start-up process as quickly and as simply as possible. We offer a seamless link between yourself and Companies House. By providing 100% of the details online using a simple, well laid out process, you don't have to get tied up with complicated forms.
After submitting, just sit back and wait for our email notification. You will be registered as the founding director and shareholder of the company, this means that you can open your doors for equity or debt financing from other sources since the company is actually registered in a real persons name who is responsible for the operations of the company.
We are one of the leaders in the field of registering and forming limited companies for all businesses and professional intermediaries. We deliver an unbeatable service at highly competitive rates. As the low-cost registration and limited company incorporation specialists, we understand that small businesses have small budgets.
We provide a complete service when setting-up in business. This includes not only business registration and accountancy but also, virtual office and UK-toll free telephone numbers services. With us dealing with all this you have more time to focus on making your business profitable. We have come up with a unique fast-track company setting-up system which will allow you to own a company and sign on its behalf in as little as 6 hours.
Unlike most firms offering this service, our system is completely transparent and easy-to-follow, with all costs being clearly outlined up-front. We have taken the pain and waiting out of registering a company in the United Kingdom, and we guarantee a quick and painless turn-around. We want to make the establishment of your company in the United Kingdom quick and easy. We have come up with a unique fast-track system which will allow you to own a company and sign on its behalf in as little as 6-8 hours.
Coddan is a provider of virtual office services, including PO Box hire, mail forwarding, phone answering and street address registration for both private and business users wherever you are in the world. Coddan aims to provide you with a service that's second to none. That means providing you with an individual and flexible service which we will adapt to match your business requirements. It means always investing in the latest technology so whether you are a large business or a private individual, you will always benefit from the most up-to-date facilities. Your calls will be routed to your own team of trained receptionists who will answer calls in your company name and according to your specific instructions.
Our services include: Your own private London Post Box (PO Box) and / or a central London street address. Mail collected, sorted and forwarded to you wherever you are or held for you to arrange collection. Professional phone answering with your business or personal greeting. Services such as fax broadcasting to improve communications or increase awareness of products and services. Email messaging and bulk email marketing and SMS text messaging.
City of London Virtual Office With Mail Forwarding and Telephone Answering:
Give your business the first impression it deserves! We act as your receptionist handling all incoming calls in your company name. We can either take messages or patch calls through to either another landline or mobile - fantastic for businesses based around mobile, remote or multi-site employees. Any messages taken will be forwarded to you by the delivery method of your choice - email, SMS or fax. We can also ensure that specific messages are delivered to different individuals.
We take as many details about your business as we can so that we can give callers directions, provide them your opening times or web address details. Call us now and we can provide you with your own unique 0207 or 0870 telephone number, or a 0800 number with our receptionists ready to take your calls in less than 24 hours! You can use our prestigious London Address For Mail Receipt And Forwarding, allowing you to read your office mail in your own home or office, anywhere in the world. You can use our prestigious London address on your stationery and for mail forwarding.
Unlike Accommodation Address services, your Virtual Office Account allows you to use our full street address, without the need for a PO Box number or Suite Number. We will receive and hold your business mail or post for forwarding according to your instructions, with mail forwarded on a daily, weekly or monthly basis.
INCORPORATE YOUR BUSINESS IN THE UNITED KINGDOM. STARTING IN BUSINESS
Our online registration system has been updated to include online nomination of company Director(s) and Secretary for an even faster service. You can now set-up a new company online, usually within three hours. It takes just minutes to enter your details, and submit a registration form. You get everything you need to incorporate your company and start trading. You can also appoint your own directors and secretaries online.
How the process works. We have introduced a new, faster way of completing the English and Scottish companies incorporation process. The process is simple and straightforward, but we have put together some helpful tips below in case you need any pointers. There is also an e-mail address at the foot of this page if we have missed anything. You can start contracting using your new company once you have received your Certificate of Incorporation - usually within 3 working hours of submitting your order.
Our system allows you to nominate your directors and secretaries up front. OTHER firms registering companies, do not offer this on-line service therefore, you would need to complete several forms to achieve the same end result, extending the time your company would be out of operation, to at least three weeks. Using our system, your English or Scottish company will be registered with the directors and secretaries of your choice without delay.
Here's what you need to do: the online process will take you through the steps of purchasing your chosen company name and on to a new area of the system with an ONLINE Form 288a to nominate your chosen director(s) and secretary. As you complete each step of the incorporation process you will be sent emailed confirmation - e.g. that your order has been placed and that your request for that company name has been sent to Companies House. Your Memorandum and Articles of Association will also be sent to you by email.
Before starting: I want to make sure that we can appoint our own director & secretary details straight away from beginning. We (Coddan) confirm that all the incorporation details that you will provide to us in the order form (Director, Secretary and Shareholder details) will be used for the limited company formations, indeed. In distinction from other service providers in the United Kingdom we do not appoint our nominees during the process of registration in order to file their resignation thereafter and force our clients to appoint their own officers.
It makes no sense, since a client may face certain problems in this case. First, having incorporated a company, a customer may be unaware that he has to fill in additional forms. Second, it will take some time to appoint new (corporate) company officers, sign a designation form and file it with Companies House. However, it should be noted that a company (corporate) that has no officers cannot exist more than two months. And finally, a customer closing a transaction with you may be surprised to find out that there has been another director (secretary or shareholder) in your company. Thus, we ensure that all the information provided by you in the order form will be used for the purposes of incorporation.
For a limited company you need a minimum of one secretary and one director. If you have only one director, two separate people must hold these appointments. The secretary may also be a director if you have more than one director.
There are 3 sections to fill in: the appointment type - director, secretary or shareholder. You will need to indicate which position the applicant will hold (director, secretary or both). You will need to supply name and address, any previous names, date of birth, nationality, occupation, details of other directorships.
Incorporating and registering your limited company. Now that you have made up your mind that you are going to run your business through a company this section tells you what to think about and how to plan it. Deciding your objects. Any company must define what it is and what it is for. This is done in document known as memorandum of Association.
The memorandum is a form specified by regulations, must be submitted to the Registrar of Companies and will state, among the other things: the company's name, the place of registered office of the company, the objects of the company, that the liability of the members is limited, the amount of share capital and its division into shares. Let us briefly deal with each of these in turn.
Choosing the name. You can choose any name you wish, subject to a few obvious conditions. You may choose a name if: someone else already registers it; it requires the approval of the Secretary of State because it is 'sensitive'. This could be so if, for example, it contains the words, International, British, European, etc. It contains words which other relevant bodies might object to: for example, Police, Royal, Charity, etc.
This list is by no means exhaustive but you can see the difficulties that may arise if your intended name is too similar to that of another company or gives the impression that it is something which is not. Watch this carefully as that other company could object and your company be directed to change its name with the additional expense that entails.
Location the registered office address. This is 'official' address of the company where anyone can get in touch and where certain statutory information is held. The Memorandum only asks you to state whether it is in England and Wales, or in Wales, or in Scotland. Once this 'domicile', as it is known, is established the actual address can be moved within the domicile but not outside it. For example, if the domicile is England the address can be changed from Birmingham to London but not Birmingham Edinburgh. Example: The Registered Office of the company will be situating in England and Wales.
Defining the objects. Although a company can, as a separate legal person, acquire rights and incur liabilities, its powers are slightly less extensive that a real person. A real person can do anything not prohibited by law but a company can only do what is authorised by the objects clause in its Memorandum. It is not, however, necessary to go into great detail here as it generally recognised that the main object of the business can be defined by a very general trading clause which will not inhibit the company from carrying any objects it wishes. In other words, for all intents and purposes, you will be able to do anything you wish within reason and within the law.
Limiting your liability. The fourth clause of a Memorandum provides that the liability of the members shall be limited. What does this actually mean? In simple terms states that the member, meaning a shareholder, is liable to contribute any more that the nominal value of his shares. Once you have paid for your shares that are the extent of your liability. This is obviously a comforting thought if anything goes wrong. Example: The liability of the members is limited.
Calculating your capital. The memorandum must state the amount of the authorised capital, sometimes known as the nominal capital, and the division of that capital into shares showing the value of each. There can be different classes of shares but for this purpose we will assume there is only one. Example; The Share Capital of the company is ?1,000 divided into 1,000 ordinary Shares of ?1.00 each.
Acquiring your company. There are two ways of setting yourself up in business. You can do it by: starting a business on your own or in partnership or buying an existing business.
Starting your own business. If you are setting up your business on your own you may wish to start with a brand new company. This can be done in two ways: buy a new or custom-made company with your own choice of name. Buy a ready-made company which has never traded. This is known as buying a company off-the-shelf. Both of these methods can most easily be done through us.
ACCOUNTING AND BOOKKEEPING SERVICES TO BUSINESSES LARGE AND SMALL, ACROSS LONDON AND THE HOME COUNTIES
Whether yours is a new or a mature business, ensuring that you have the necessary finance is essential for achieving your objectives. Indeed, one of the most common causes of business failure is badly structured or inadequate financing. We can help you:
Conduct a feasibility study of your projects; Decide on the most suitable sources of finance - personal capital, bank overdraft, long-term commercial loans and mortgages, national and regional agencies, venture capital, or equity capital; Prepare the necessary business plan, forecasts, prospectuses, etc.; Present your proposals to your chosen finance source; Arrange a disposal, merger/acquisition, or management buyout/in; Our expertise and contacts will help you open doors that may otherwise have remained closed for you.
Bookkeeping & Accounting:
As accounting practioners, we provide both manual and computerised book-keeping services, to all sizes of business. This book-keeping can be provided at client premises or fully outsourced from our own offices. If you are already computerised, our knowledge of Sage, Clearly Business (together with the other brandings of this Quicken product) and Farmplan allows us to provide this service using your existing software. The precise book-keeping services provided will depend upon your specific requirements, but will typically include:
Maintaining accurate and complete Nominal, Sales and Purchase Ledgers, Reconciling your bank accounts, Preparing VAT Returns, Providing you with the reports that you require to run the business, which will typically include Aged Debtors Listings, Aged Creditors Listings and Management Accounts, As well as ongoing book-keeping services, we can also provide short term assistance, either to cover absences in your own staffing, or whilst the business is too small to justify employing full time accounts staff.
Book-keeping is time consuming and parts of it can be technically difficult on some computerised systems. In addition, there is often not enough volume to justify a full time in-house employee. Instructing us to provide this service means that you can worry about other, more productive, parts of your business. This form of outsourcing should also introduce efficiencies which should keep accountancy fees down for year end statutory work.
Practical examples of our book-keeping expertise:
Providing book-keeping services prior to preparing statutory accounts. Maintaining the outsourced accounting records of UK subsidiaries and reporting to overseas parent companies. Structuring your affairs so as to delay payment of VAT to HM Customs & Excise. Advising on how long to keep business records under law.
International Services:
No man is an island; and these days few businesses are. Rapid globalisation, the growing importance of the EU, and the burgeoning growth of the Internet as a business medium are all conspiring to add an international dimension to UK businesses. Trading with overseas companies, selling to overseas markets, and setting up overseas operations all require expert knowledge. We can help you:
Set up accounting procedures for dealing with the euro or other currencies, Determine the best business structure for tax purposes, Reduce your overseas tax burden, Develop strategies for financing overseas subsidiaries, Repatriate profits at minimum tax cost>.
Payroll:
As payroll becomes more and more complex, time consuming to process and expensive to update the annually changing parameters, many businesses are now outsourcing this accounting function to a specialist payroll bureau. This bureau is then responsible for wages processing, staff cover, technical aspects, IT equipment maintenance, stationery procurement and maintaining the general confidentiality of this sensitive information.
We offer a complete payroll bureau facility, where individual services can be selected from the following options, to free your time and allow you to concentrate on running your business:
You advise us of the gross pay, for a weekly, fortnightly, four weekly, monthly or quarterly pay period. We calculate the net pay, supply you with security payslips and advise you how much PAYE and NIC to pay the Inland Revenue, Advising you in relation to the legal requirements for offering your employees access to stakeholder pensions, P reparing all necessary forms P45s, when an employee leaves, Preparing end of year returns P35 and P60/P14's, before filing these with the Inland Revenue in advance of the statutory deadlines, Arranging for your employees to be paid by BACS, or other electronic means, Providing ongoing ad-hoc support for all of you wages queries, Performing PAYE/NIC healthcheck reviews, prior to a control visit, Preparing forms P11d and calculating the resultant class 1a NIC liability, Advising you in relation to the payroll implications of IR35, Advising you of the journals necessary to update your computerised accounting records, Tax efficient remuneration planning.
As well as releasing your time and ensuring the quality of wages administration, outsourcing this function will usually save you money. We will be responsible for software updates, purchasing stationery and staff absenteeism cover. We will also ensure that you pay no more PAYE/NIC tax than you absolutely have to.
Strategic Planning:
Everyone knows that a successful business must plan ahead, but all too often the pressures of keeping the business going on a daily basis mean that strategic planning is not given the attention it needs. The result is often rushed judgements, over- or under-capacity, or missed opportunities. Every business owner needs a planning adviser who has the time and space to take the long view and advise on appropriate courses of action before it is too late. With years of experience advising the local business community we have a wealth of experience and expertise for you to draw on. Contact us today for a planning review.
Audit Services:
Though business owners traditionally regard the annual audit and preparation of annual accounts as a cost centre - a necessary evil that adds no value to the business - we strive to transform it into a profit centre. Besides helping you meet the statutory requirements, we also take the opportunity to conduct a review of your financial and management systems. This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We discuss the problems and opportunities with you and help you implement any agreed solutions. We see the preparation of your annual report as an opportunity to enhance your external image. A well-prepared report can have a considerable positive impact on the perceptions of investors, potential finance sources, customers, prospect, referral sources, and even your own staff - all of which greatly improves your business prospects for the future.
Corporate Tax Planning:
Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government. We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:
Determining the most tax effective structure for your business, Taking full advantage of tax opportunities and reliefs, Achieving the optimum capital or revenue tax treatment, Reducing tax on disposals and maximising relief on acquisitions, Making the most of tax opportunities specific to your industry, Meeting the rigorous demands of compliance including corporation tax self assessment, Acting on your behalf in discussions with the tax authorities, Efficient corporate tax planning can result in potentially significant improvements in your bottom line.
VAT:
Value added tax is arguably the most illogical and complicated of all the taxes. In addition, it is 'policed' the most robustly by the relevant tax authority when you get it wrong. Because of this, and because of the tax planning opportunities which exist for this tax, we have established a specialist team to advise on all VAT matters. Depending on your particular circumstances, the VAT areas where you may require assistance include:
VAT Registration, Providing book-keeping services, from which we prepare quarterly VAT Returns and Management Accounts, Performing a tax healthcheck prior to a VAT Control Visit and assisting you during this examination, VAT advice in relation to a particular transaction or set of circumstances, VAT De-registration.
Calculating and disclosing your VAT liability to HM Customs and Excise is principally achieved by completing normal monthly, quarterly or annual VAT returns. Clients who are fearful that this calculation may be investigated by Customs may wish to consider taking out our fee protection insurance. Seek our advice in structuring your financial affairs and calculating your net VAT position and rest assured that you will not be paying any more VAT than you absolutely have to. In addition, we shall complete all of the necessary paperwork for you and communicate with Customs, on your behalf.
Estate Planning:
Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us. The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now. The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate will end up in the Government's coffers! It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight - and a detailed knowledge of the tax regime. We provide a discrete estate planning service that includes:
Help with drawing up and reviewing your will, Making full use of exemptions and lower tax rates on lifetime transfers, Optimising lifetime transfers between spouses, Transferring agricultural or business property, Transferring assets into trust, Arranging adequate life assurance to cover potential inheritance tax liabilities.
We strongly advise you to begin your estate planning right away by contacting us for a preliminary review.
Trusts & Executorships:
Trusts are relatively easy and very tax efficient way to set aside assets for future beneficiaries outside of the inheritance tax net. We can advise on the most suitable type of trust for your purposes, set up trusts, and provide a full range of accounting services for trusts. We can also advise you on the preparation of your will. Where appropriate, we can act as trustees or executors.
UK TAX INFORMATION: UK TAXATION - HOW MUCH TAX TO PAY, PAYE AND LTD COMPANY, NI NUMBER
UK corporation tax is charged on the worldwide profits (income plus gains) of any company that is resident in the UK. A company is UK resident if it is incorporated in the UK or if its centre of management and control is in the UK. If a company has a majority of UK resident directors it is likely to be UK resident, although the test is where management is actually exercised.
Careful planning of business activities can significantly reduce the corporation tax bill and thus increase retained profits for many UK businesses. By beginning a structured planning scheme, you can ensure that the maximum available profits stay in your company, and reduce the chance of overpaying Corporation Tax to the Inland Revenue.
Many companies are members of groups for trading purposes, but before setting up such a structure, careful consideration should be given to the potential impact this will have on tax. With differing corporation tax rates, group structures make this task complex, as each group member will require individual advice and the overall tax impact will require detailed reviewing before committing to any such structure.
Other tax saving opportunities arise when you are considering selling your business. Depending upon the nature of the sale, ensuring the proper company structure before sale can reduce the tax charge considerably. So if you are contemplating a sale, please seek professional advice on whether a reorganisation of your company would be beneficial.
Even with smaller companies, not all shareholders will have the same needs when it comes to extracting value from their company. It is therefore important to structure the company's share capital in the best way and to ensure that tax efficient remuneration packages are designed for the owners.
Capital Gains Tax:
Capital Gains Tax (CGT) is payable to the Inland Revenue when an individual, trust or company sells or transfers or gifts property (tangible or intangible) to another entity.
As with most taxes, there are numerous exemptions and reliefs available, most of which are complex and require specialist advice. Some assets are not liable to Capital Gains Tax, whereas others are only liable above a certain value. There is also an annual allowance, enabling individuals to make small gains on disposals each year, without paying any tax at all.
Why Should You be Interested in Capital Gains Tax?
If you own anything of value and decide to sell it, you potentially fall within the realms of CGT. If you do not inform the Inland Revenue of your disposal, you could also be liable to penalties where the Revenue feels it appropriate. The rate of CGT depends on your circumstances. In general terms, you pay tax at whatever your highest rate of tax is.
What can Coddan do for Me?
Complicated and detailed calculations are required in order to finalise how much CGT is payable on the disposal of a particular asset. There are many relief’s and exemptions available, which can reduce or eliminate your tax bill, and should ensure you pay the minimum amount of CGT.
UK Income Tax:
Current UK Income Tax is chargeable against most earned income, including PAYE earnings, dividends, interest and so forth. There are various rates at which Income Tax is charged, ranging from 10% through to 40%.
The government provides every UK taxpayer with a personal allowance of ?4,895 per year. All income earned or received up to this allowance should not attract any Income Tax. If you think you have paid income tax whilst below this limit, we recommend that you speak to your Coddan tax adviser.
Following your personal allowance, there are three main bands, with tax payable at 10%, 22% and 40%. Each band is specified by the Inland Revenue, with the higher rate band covering all income above the upper limits.
It is important that you maximise the reliefs and benefits available to you, which is where Coddan can help. Our dedicated teams of tax advisers can provide you with advice and services to meet your individual requirements, from arranging completion of your tax return, to maximising your allowances and reliefs for your income and earnings.
Tax Investigations:
Tax investigations can be intimidating and are often avoidable, if expert advice is sought early, from your accountant. Coddan have dealt with many clients who have experienced differing levels of investigations, ranging from Income Tax and VAT, through to PAYE investigations. Regardless of the Government body that instigates the investigation, early intervention from your accountant can reduce, or even eliminate the threat of a full investigation from occurring.
Many investigations begin life as general enquiries from the government body in question. If these enqiries are not dealt with promptly and accurately, it is possible that a full investigation will begin soon after. In some cases, it is impossible to avoid an investigation, as both the Inland Revenue and HM Customs and Excise do perform general visits which require certain records and evidence to back up any claims you have made. These are not full investigations, and should be treated with caution, with a view to eliminating the risk of a full investigation occurring.
In these circumstances, it is advisable to contact your accountant immediately, who should be able to provide help and support, and confirm which records to supply to the Revenue or Customs as evidence.
Basis of Corporation Tax Charge:
The computation of taxable profits consists of disallowing certain items of expenditure, most notably capital items, depreciation and entertaining. In place of depreciation a capital allowance is given on most plant and machinery at a rate of 25% on a reducing balance basis. Plant and machinery includes items such as furniture, computers, and most shop fittings. Depending upon the size of the company and the type of expenditure first year allowances ranging from 40% to 100% of qualifying expenditure may be available.
Buildings do not generally attract capital allowances although a 4% allowance is given on factories and hotels. Expenditure in respect of certain types of innovative research and expenditure may qualify for enhanced tax allowances equivalent to 125% or 150% of the expenditure actually incurred dependant upon the size of the company.
Transfer Pricing:
Transfer pricing rules allow the UK tax authorities to dispute the price charged for sales between connected parties and to tax the parties as if the transactions were at an open market price. In the US the IRS has similar powers and it is therefore important that any charges between a UK and a US company can be justified as commercial pricing. As the UK corporation tax system is one of "self assessment" the onus is on the company to have their inter group pricing arrangements documented in a fashion that supports the contention that they have been set using the arm’s length principle (i.e. that the terms are identical to those which would have been agreed between two unconnected parties when undertaking transactions with similar conditions).
The transfer pricing rules extend to the area of "Thin Capitalisation". In this area the UK tax authorities can disallow interest paid to an overseas parent to the extent that inter company borrowing exceeds that which would be commercially available from a bank. A subsidiary will therefore normally need to be funded by a mixture of share capital and inter company debt.
There are no absolute rules on what constitutes thin capitalisation. The UK tax authorities will try to take a commercial view of what an independent lender, such as a bank, would be prepared to lend the business, taking into account such factors as security, interest cover etc.
Statutory Accounts:
Preparing accounts, for internal and external reporting purposes, is our core disclipline. This process can begin from a bag of invoices and bank statements, or fully reconciled computerised data being e-mailed to one of our technicians, or anywhere in between. Although the primary aim of such statutory accounts is to report the performance and financial position to the stakeholders of a business, we shall also advise you on the following other factors:
The resulting taxation consequences, The view the accounts present to bankers, potential investors, credit rating agencies, your competition, Industry standards for the accounting policies followed to prepare these statutory accounts.
Instruct us to prepare your statutory accounts and we shall unburden you of the worry of correctly calculating how your business has performed and we shall take away the complication of ensuring all technical disclosures are correct. We shall also ensure that they are prepared in sufficient time to be filed with the relevant Authorities by the statutory filing deadlines, so that no late filing penalties are incurred. When preparing these accounts, we shall be mindful that your tax liability is related to these results and we shall actively seek proven techniques to save you tax.
Management Accounts:
Preparing accounts, for internal and external reporting purposes, is our core disclipline. For management accounting purposes, this outsourcing service can either be carried out on-site or remotely. Although the primary aim of such internal management accounts is to report the performance and financial position of the business to management, we can structure this reporting to also advise you on the following other factors:
Divisional/Branch results, Actual performance compared to budget and/or comparative periods, Costing information, including break-even turnover levels, Attending finance meetings to report on these accounts and advise accordingly.
Managing and improving a business requires timely and accurate financial information. Reduce your cost base, and release your valuable time, by outsourcing this key support service to us. As well as giving you peace of mind that this side of the business will now run smoothly, this will also enable us to offer valuable advice on the future running of the business.
Data Protection:
The personal information provided by you will be held securely and in confidence by us in our computerised and manual records. Occasionally, we may contact you by letter, telephone, e-mail or otherwise to inform you about other products and services which may be of interest to you. However, should you wish to exercise your right to opt out of such 'direct marketing' activity, please let us know by any means convenient for you. However, please remember that 'opting out' will stop us contacting you about any products or services which may benefit you. Under the data protection act you have the right at any time to know the personal data we are holding about you.
Money Laundering:
Under the Financial Services and Markets Act 2000 it is a legal requirement that we check the identity and residency of a client who we are conducting business with. No transactions will be made until such verification has been obtained. Typically verification will require sight of your passport or photographic driving licence plus a utility bill or bank statement.
Tax Planning:
Traditionally, tax planning is the service clients most like to receive, and the most satisfying for us to deliver. Typical areas where a little prior tax planning can result in minimising your overall tax leakage are:
Wills and Inheritance Tax, Pensions and retirement, Exit route plans, Remuneration for the SME owner manager, Holding investments in tax efficient 'wrappers', Business use of vehicles, Trading through the most tax efficient medium, Transaction structuring.
The best tax planning advice has to be to pay the correct minimum amount of tax, at the correct time, through the correct mechanism. Instruct our tax specialists, which include ex-Inspectors of Taxes, to act in your best interests and ensure that you could not be structuring your affairs in a more tax efficient manner.