Free accountancy consultation
We’ve teamed up with national accountancy firm Top Branch Partners to offer a free initial telephone consultation worth £150 exclusively for Mint Formations customers. Your free phone consultation will be with a director or senior accountant at Top Branch Partners, where you’ll receive valuable tips and advice.
When you
register a company
and become the
company director
, you have to fulfil certain legal obligations, including filing annual accounts and paying tax. Accountancy mistakes can be costly, but they are avoidable. Likewise, you don’t want to be paying tax on deductible expenses. A director can be prosecuted for not fulfilling statutory requirements, so it’s vital to get it right.
What are my obligations as a company director?
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Filing an annual confirmation statement confirming information about the company and persons of significant control
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Filing accounts and tax returns to HMRC and Companies House
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Paying corporation tax
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Ensuring only legitimate tax-deductible business expenses are claimed
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Ensuring that dividends paid to shareholders are not illegal
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Registering for VAT when the threshold has been reached
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Submitting PAYE to HMRC if a salary is taken by employees (including the director(s), even if there is only one of them)
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Filing a personal self-assessment tax return (which can include all shareholders being paid more than £5,000 in dividends in a tax year)
Too many business owners are paying unnecessary tax on legally deductible expenses. Planning your taxes and organising your business-related expenses ensures you aren’t paying too much. This is not a sneaky tax-saving trick — far from it — it’s perfectly legal, reasonable and sensible to save money where you are able to. During your free accountancy consultation, you’ll learn:
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What expenses can be claimed as tax-deductible
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The difference between salary (remuneration) and dividends (profit share) and the appropriate split
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How to claim working-from-home expenses and deduct a portion of your bills from your taxable income (if applicable)
Ready to claim your FREE consultation with Top Branch Partners?
Contact us today
or find out more about our
company formation packages.
