Pros and Cons of Being VAT Registered
When starting a new company, be prepared to adhere to a number of inevitable legalities, such as your VAT registration. You must legally register for VAT when your taxable turnover (not your profit) for the previous year exceeds £85,000 (or is expected to do so...
Register for Self Assessment: Deadline and Details
Once your company formation is completed and you’re officially registered and trading, there are a number of imperative administrative tasks you’ll need to process: including the obligatory Self-Assessment for your company tax returns. Here we outline how,...
Which Is Better: Sole Trader or Limited Company?
Arguably, the most important question you’ll need to ask prior to your company formation is, “Should I register as a sole trader or a limited company?” Your preferred company registration should depend on your business needs in relation to the...
What is a Dormant Company?
A dormant company is often mistakenly confused for a company that is “closed” or “obsolete”. Fortunately, this article will clear up the confusion by outlining the definition of a dormant company and what it could mean for your business....
What Is a Company UTR Number?
It’s quite overwhelming when starting a new company; recruitment problems, marketing matters, and administrative tasks are just a number of issues you’ll have to endure. So, don’t be surprised if you find yourself frantically asking, “What is...
