Limited Company

Documents for Small Business

Crucial Documents for Small Businesses

Accounting is an important part of any business, but the financial demands for each company are different. It’s important for small businesses to manage their finances more efficiently than larger companies because they don’t have as much capital. There is some documentation required by the federal and state authorities when starting a new company. These […]

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Chartered Accountants for Startups

Chartered Accountants for Startups

When starting a business, it is imperative that you completely understand all business functions. While the idea of going through countless piles of financial documents is intimidating and overwhelming, accounting is still necessary to provide entrepreneurs with a clearer understanding of their business’ success. So you need a Chartered Accountants for Startups in such situation. It is

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settlements anti avoidance rules

Family businesses and the settlements anti-avoidance rules

The ‘settlements’ income tax anti-avoidance rules found in ITTOIA 2005. The principal sets of rules are the ‘revocable, or settlor interested’ settlement rules (ITTOIA 2005, s 624), and the ‘settlements on minors’ rules (s 629). To these rules, the term ‘settlement’ is a lot wider than the concept of a formal trust. Which drawn up

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Memorandum & Articles of Association

Difference Between Memorandum & Articles of Association

Setting up a limited company has many benefits. The foremost benefit is that you won’t be personally liable for debts and other liability incurred by the company. Moreover, you will be able to raise a large amount of capital to finance the expansion activities of the business. One of the important requirements of establishing a

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VAT on Disbursements

VAT on Disbursements

Q: I am an IT consultant, operating through a VAT registered UK company. I am supplying consultancy services to another UK IT business. I have incurred hotel, travel and meal expenses, and charging these on to the company I am supplying services to. Can I treat these as disbursements, and therefore not charge any VAT

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VAT on Entertainment

VAT on Entertainment

Business entertainment is the entertainment provided by a business/company to people other than employees. An example of this is the entertainment provided to customers. If it is provided to employees of the company or if it is not provided free it means it does not fulfill the conditions to be called a business entertainment. The

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