Recent content by DeanCo

  1. DeanCo

    Impotant reminders from companies house

    Companies House now have a email reminder service for all ltd and llp companies. When you register, paper reminders of due dates for accounts and annual returns will discontinue and instead you will receive reminders by email. Every company can nominate up to 4 email address, which must be...
  2. DeanCo

    Business Account

    Using a personal account for your business would allow HMRC access to your personal affairs should they wish to carry out an investigation of your business. This, for some people is sufficient reason to open a seperate bank account for your business. I highly recommend Santander business...
  3. DeanCo

    Santander business account - what's the catch?!

    We have been banking with Santander for many years and the only disadvantage, as I can see is high charges if you go overdrawn. But, if you are good at balancing a current account, like most accountants, highly recommended.
  4. DeanCo

    Starting a new interest as a sole trader, already owner of limited company

    You need to complete a form CWF1 for becoming self employed and registering for National Insurance contributions and/or tax
  5. DeanCo

    Ltd Company Accounts - Small Company

    We have a p&l spreadsheet produced by accountants. If you send me your email address I will send you a complimentary copy without obligation.
  6. DeanCo

    Self Employed Weekly Accounts page/spredsheet

    If you send me your email address I will send you a professionally produced p/l spreadsheet as advised by accountants, free of charge with no obligation
  7. DeanCo

    Honest Box

    Business records must have some record of all your sales/purchases/expenses. If you are VAT registered you must keep records. If you are registered for VAT you must also, keep records of sales, purchases and VAT accounts. The records you keep must be kept updated and there are penalties for not...
  8. DeanCo

    VAT Inspection? Want to visit for 'Background Information'

    It could be anything really but usually they will want to see original purchase and sales invoices, banks statements, bank paying in book etc. If you are a limited company they may want to see the directors loan account.
  9. DeanCo

    How to choose an accountant

    One of the most important business advisors to have is an accountant. You have more time to deal with your business if you have an updated good accountant. Being behind with a mountain of paperwork is quite stressful and trusting your accountant can be to your advantage. The following are...
  10. DeanCo

    HMRC targeting online traders and private tutors

    HMRC have declared that they are going to target tax evasion by online traders and private tutors. To try and locate those who are failing to declare their income they are going to use web bots or automated searching programmes to scan the internet for data on sales and services advertised by...
  11. DeanCo

    Business Bank Account

    Natwest have fast bank to bank transfers and have 18 months free business banking.
  12. DeanCo

    Tax !!!

    A limited company has the advantage of being able to pay salary and/or dividends. Dividends have no National Insurance liability and this is usually the most efficient way of retrieving your earnings. See Directors Salary & Dividends
  13. DeanCo

    Some basic advice

    Being self employed means that your personal income is taxed with your business income. With a limited company your personal money is legally separate from the the company’s finances.
  14. DeanCo

    Registring for Tax/N.I

    Some info here: http://www.hmrc.gov.uk/partnerships/iwtregister-as-a-new-partnership.shtml
  15. DeanCo

    First Accounts Nightmare - LTD Company

    Prices for this type of work do vary considerably. Online accountants tend to be more cost affective than typical high street accountants.
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