New Business Start-up

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New Business Start-up

S&B Consultancy Services specialise in helping you make accurate financial decisions to grow. We provide accountancy services to the Self-employed, Freelancers, Sole Traders, Small to Medium-sized Limited Companies and Private Individuals.

The best way to start a new company is by putting a business plan together. This will detail your initial financial projections, the structure of your company as well as the administrative and procedures that you’ll need to adhere to.

The implications on the tax you pay will vary depending upon the type of business you set up. If you decide to set up your business as a sole trader your taxes will be simpler than if you go for a limited company. However, as being limited company is one of the most tax efficient ways possible and offers tax planning opportunities than being a sole trader. We will give you professional advice on whether you should set up a sole trader business or form a limited company to make sure that you must pay the least possible tax.

Once decided, we will carry necessary registrations such as VAT, PAYE, Corporation tax, CIS etc., on your behalf.

Our accountancy services include:

  • Unlimited access to your accountant.
  • Ongoing advice on how to manage your business.
  • Proactive tax advice throughout the year.
  • Updates and reminders so you’ll never miss a deadline.
  • Free bookkeeping software.

As a Sole Trader you receive the above plus:

  • Completion of your Self-Assessment tax return.
  • Advice on how much Income Tax to pay.
  • Guidance on National Insurance contributions.

As a Limited Company, you’ll receive the above, plus:

  • Completion of your year-end accounts*.
  • Completion and submission of your annual return Companies House.
  • The director/s Self Assessment tax return.
  • Payroll Bureau.
  • Dividends and corporation tax computations.

Helping your business with Tax and Companies House administration is at the foundation of what we do. We can help you make accurate financial decisions to grow.

Not only that, but we recognise that one of your main frustrations may be that you don’t understand the language that your accountant uses; how they explain what they’ve done, or why they ask the questions that they do.

We like to keep things as simple as possible which is why we’ll explain matters in plain English.

Contact us today

Latest Tax News

HM Revenue and Customs is reforming late-filing and payment penalties to make them fairer and more consistent across taxes. The first stage of these reforms was set to come into effect early this year. However, on January 13, 2022, HMRC postponed the effective dates by nine months to one year. [...]

With the UK corporate tax rate set to rise 25 percent from April 2023, the UK Government has announced various tax proposals that are intended to support businesses and the UK economy, in the newly released 2022 Budget. [...]

HM Revenue and Customs has recently issued new guidance on the Stamp Duty Land Tax (SDLT) on non-resident buyers of residential property in England and Northern Ireland. [...]

The European Union has released its Winter 2021 Economic Forecast, which says that Brexit will dent UK economic growth considerably, and more than for the European Union, despite the new free trade deal between the two parties. [...]

Norway intends to provide value-added tax administrative relief measures to UK businesses in response to Brexit. [...]

On December 15, 2020, the UK and Mexico signed a trade continuity agreement that will apply when the Brexit transition period ends. [...]

The UK Government is inviting input on the tax challenges associated with the rise of the sharing economy. [...]

Canada and the UK have formally signed a post-Brexit trade continuity agreement that will apply from January 1, 2021. [...]

The EU has referred the UK to the Court of Justice over its failure to comply with EU rules on marked fuel. [...]

HM Revenue and Customs has confirmed that UK businesses who wish to pay their deferred VAT liabilities in installments will be able to decide a payment schedule early next year. [...]

We are here to help

For more information on how we can help you and your business call one of our friendly team today.

Call: 020 8004 1449 / 020 8004 1417

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