It can be daunting starting a new company- especially if you have just left employment. You need to focus on building your customer base, raising your profile and delivering your products and/or services. The last thing you need to worry about is setting it up correctly. We can do this for you.
The first question you need to answer is: is a company the right solution for me and my business?
In some cases, it is preferable to act as a sole trader or a limited liability partnership. There are various pros and cons to the three choices you have and we can advise you on which is the best option for you and your business. While a company has more obligations, it does offer you more protection.
Apex Associates can provide you with key support at this stage. We can help you with:
Forming Your Company
There is more to forming your company than just registering your business name and details with Companies House. There are numerous factors to take into consideration including if you have partners, co-directors or shareholders and if you want to float the company on the stock market in the future.
We can assist you with forming:
- An off the shelf ready-made company
- A tailor-made company
We can even arrange same day formations.
- A Limited Liability Partnership
- PLC formation
- Offshore companies in low tax jurisdictions
Our Company formation packages can include:
- Advice on the pros and cons of incorporation in your own situation
- Appointment of directors
- Appointment of a company secretary
- Issue of subscriber shares
- Registered office services
- Completion of all necessary minutes and resolutions
- Assistance in opening a bank account
- Tax review with regards to company formation – forming the company yourself and getting this wrong can be very costly
- VAT Registration
- Company registration for Corporation Tax
- Set up of Company PAYE scheme
- Bookkeeping set-up advice
- Business Plans
- Assistance with raising finance
If you are looking to form a company, then contact us about your best way forward.
A Registered Office Address
Do you need a registered office address? Every company needs to have a registered office but you might not want to use your home address.
There are multiple advantages to using a professional registered office address like ours. The first is people cannot get your home address from Companies House. More importantly, a proper business address generates more confidence than one that is clearly trading from your home.
The main reason to use our address is that all important documents around tax, VAT and annual returns come straight to us so that we can deal with them right away on your behalf. If we receive any letters that aren’t meant for us, we will forward these onto you directly.
Contractor and IR35 Support
If you are a contractor, then we can advise you on the tax advantages in various scenarios. We have a good understanding of professional service contractors and how to help them. You can benefit from help with:
- Company formation
- Annual Accounts
- Company tax returns
- Personal Tax Returns
- Company secretarial service
- VAT Returns
- PAYE Returns
- Tax computations
We can also help you with the notorious IR35 tax legislation. This legislation aims to distinguish genuine businesses from temporary employees and so tax individuals at the appropriate PAYE rate.
This has major implications for many contractors. However, there are various factors to consider in determining if someone is self-employed or an employee including:
- The right to get a substitute or helper to do the job
- Mutuality of obligations
- Provision of equipment
- Financial Risk
- Basis of Payment
- Opportunity to profit from sound management
- Right of dismissal
- Employee benefits
- Intention of the parties
- Length of engagement
These are often matters of general employment law, and not specific tax legislation. There is an enormous amount of case law in this area and the taxman is not always right. They do not have the final say on whether somebody is caught by IR35 or not. We can argue your case for you.
We offer you:
- Review of contracts for IR35 status
- Provision of anti IR35 draft contracts
- Dealing with IR35 disputes
If you are a contractor, then you are invited to get in touch and we will ensure that you are covered.