The words “Self Assessment” tend to send a shiver down the spines of sole traders and limited company directors. Getting yourself registered, getting your records in order, and filing with HMRC before the 31st January deadline can be a stressful task, especially if you either leave it to the last minute, or if you’ve never filed one before.
Entrepreneurship is in my blood. I have started and run everything from selling honey online to a highly successful accountancy firm in London.
When it comes to going self-employed, one of the first big decisions you’ll need to make is whether you should set up as a sole trader or a limited company. Both structures have their pros and cons, of course, and you may even find that you’ll operate within either over the course of your business life.
There’s a lot to think about when you’re self-employed: managing your workload, balancing the books, looking for new work. Understanding which business expenses you claim as a sole trader or a limited company, though, needn’t be on that list.
“Hope for the best, but prepare for the worst.” It’s a saying we’ve all heard at one time or another, and depending on your disposition, it either sounds terribly pessimistic or fairly even-handed.
So you’ve started a new business. Great!
According to sources, Napoleon once said "L'Angleterre est une nation de boutiquiers" - “England is a nation of shopkeepers”. Whilst the number of shops on the average UK high street has certainly diminished greatly, we may well still be a nation of entrepreneurs.
Formed a company but not sure what to do next? No problem adventurers.
We are delighted to announce that Michael Edoimioya, a MadeSimple company formation expert, is to head up a new Wholesale Account Management division.
From time to time you may need to add new shares to a limited company. This is something that we can help with through our ICAEW accredited company management system.
If you’re someone who manages multiple limited companies, such as an accountant, you might find yourself struggling to navigate your way around all of them. Thankfully, your Company Formation MadeSimple account displays them all in an easy to view list.
[caption id="" align="alignright" width="300"] Importing companies on to our system is simple[/caption] Our Company Formation system allows you to import companies on to it that weren’t formed by us, for free. Why would I do that?