Category: About

The off-payroll working rules, known as IR35, has faced a lot of criticisms ever since its inception in 2000 to ensure that someone working like an employee, but via a limited company, should be treated same as an employee under the new update. The new IR35 rules require an individual…

The Cash Accounting Scheme is a nifty method of reporting VAT for small businesses in numerous industries. The scheme essentially states that income is recorded when it is received and expenses are recorded in the period they are paid. It’s much different in practice from the Standard VAT Accounting Scheme…

No longer need your company? Close it today – and save time and money on annual filings. Why close my company? • Save money and time on filing of annual accounts and confirmation statements • Avoid the risk of fines and prosecutions for late filings • Avoid having an involuntary…

1. Registered Office Address You must provide a registered office address to set up a limited company or LLP with Companies House. It must be a physical postal address – you cannot use a PO Box number. The registered office address will be placed on public record and it must…

Setting up a limited company is easy. Our Company Formation services focus on helping your business to take off and guide you throughout your journey. Being contracted through a Limited Company ensures you are able to reach tax efficiency, enabling you to earn more from your business. Amongst an array…

At a glance, a sole trader business structure is relatively less expensive to set up and maintain, and it gives you better autonomy when making decisions. On the other hand, a company structure, means you have limited liability and you can bring in shareholders. What is a Sole Trader? A…

Bringing your employees back from furlough is not a straightforward process. All you should know about notice, pay cuts and safety – and whether you can refuse to go back to work has been outlined below. As furloughed employees begin to return employers need to consider both the practical and…

The decision of how and when to cease a business is a crucial one. A decision of such consequence is usually prompted by a combination of three main factors – market conditions, market forces, and life changes. Unfortunately, due to the pandemic, many businesses will have been adversely affected and…

The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the Statutory Sick Pay paid to current or former employees. The online claim service went live on 26 May 2020. Employers can use the scheme to claim back SSP paid to an employee who is eligible for SSP due to…

The rules of EMI Share Option Schemes require participating employees to commit to the company at least 25 hours per week or, if less, 75% of their working time. Of course, the COVID-19 crisis meant that millions of employees have been furloughed, or are working reduced hours as a result…