Three essential addresses for setting up a Limited Company.
Why you would change your Company Year End date and how to do it.
There are 3 advantages using a Limited Company: saving on National Insurance, Taxes and Dividends being able to stay below the High Rate tax threshold.
This video describes the rules for joining the VAT scheme, when you must register and covers advantages and disadvantages of being VAT registered.
Fixed Assets, particularly Tangible Fixed Assets and their value in the Balance Sheet and Depreciation
Current Assets are easily converted into cash within 12 months also Cash, Trade Debtors, Prepayments and types of Stock.
Explaining Current Liabilities, including Trade Creditors, Other Creditors, Accruals and Loans due within one year.
Get more specific tax/business advice by discussing changes in personal and business circumstance with your accountant.
Small Companies should be aware of the consequences to the business when issuing shares; and how to cancel the excessive shares.
Profit & Loss is a measure of money made in a year to show how well the business is doing and for calculating tax.
A balance sheet is a business’s value at a point in time, and it has to balance.
Step by step guide on the basics of completing a VAT return.
This describes depreciation and compares it with Capital Allowances (tax relief on purchase of equipment etc.
An introduction to Limited Company Shares and their rights.
An introduction to Limited Company Dividends and steps to take when paying them out.
Explaining the simplicity of a family setting up a Business Partnership, and warns about the pitfalls, and the importance of having a legal agreement.
Describing the tax advantages of Limited Companies vs Sole Traders and Partnerships, and which structure is the safest if the business fails.
Peter shows how it is easy to set up as a Sole Trader, how you would be taxed, and the dangers of losing personal assets.
Peter describes the pros and cons of a Limited Liability Partnership (LLP), including comparisons with a Limited Company for tax planning purposes.