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How to set up the tax structure for a limited company - UK tax advice for Business Owners

//www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants We put together this video series titled "Tax tips for small businesses" to help you ...

User Comments

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Stealth Sounds commented on 04 Feb 2015
Great videos. Thank you for the information. I am a bit late watching them but have subscribed to you and will like and watch all your videos. I have started out as a self employed on an SEE. I am new to this so could you explain the best program to keep inventory and accounts simultaneously without much computing knowledge? Would you recommend staying as self employed SEE first and if gross or net profit go higher than SEE and £15000 than switch to limited company. Is it good or possible to have a limited company on SEE? Any advice would be much appreciated. Thank you in advance. Kind Regards, Leo
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geordietoddy commented on 22 Oct 2013
Nice video, thanks. You've settled my mind, I'll be staying a sole trader for now and look at being limited in future if things go well. I'm only just starting out really.
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geordietoddy commented on 22 Oct 2013
Thank you very much! I went on to watch the rest of your videos, all very informative and interesting, thanks again.
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oxfordaccountant commented on 22 Oct 2013
Delighted to have been of help. If you’re just starting out, then good luck with the new business!
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Tom Lloyd commented on 20 Feb 2013
thanks for this.

How To Set Up A UK Limited Company - Course Summary

//www.setupacompany.co.uk - This video is the summary for the 'How To Set Up A UK Limited Company' course.

Limited Companies or Umbrella Companies? Paul Rawlings Interview

Should contractors use Limited Companies or Umbrella Companies? //ukcontracting.co.uk. Paul Rawlings from Nimbus Accounting Was kind enough to ...

User Comments

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Acree Kardos commented on 14 Nov 2012
I agree- having an accountant takes all the books off your shoulder but still! Isn't it the contractor who will have to answer to HMRC in the end? Although I've no doubt that a professional accountant would always do things the right way but still contractors have to worry about accounts when they are acting as director of their respective company. Any thoughts Paul?
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Pomeroy Eastep commented on 17 Nov 2012
is it the umbrella company who makes the choice for contractor or does the client still has the choice? For instance, if a client wants to work with a contractor XY, would it still be possible to hire the contractor directly even if he or she works for through an umbrlla?
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Contractor Guides commented on 08 Nov 2012
Thanks for your question Queenie. You are right regarding the accounting process being the same but a accountant who specialises in working with contractor and freelancers will quickly be able to do a contract audit and spot any issues regarding IR35.
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Danette Heisenii commented on 26 Nov 2012
there is no point going for contractor umbrella if you can manage limited co. You can save plenty of money through your own company but still so many people choose umbrella maybe only because they're not ready to take care of their own business
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Queenie Mccasland commented on 07 Nov 2012
I still don;t understand why it's important to have a specialized accountant? I mean, a qualified accountant should be able to do all accounting work, be it for a contractor or for a company.
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Pompa Dwight commented on 23 Nov 2012
great advice- i think you're perfectly right about talking to accountant in person. I had a bad experience where the problem arose because I wasn't talking directly to the accountant
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Delphine Loticius commented on 30 Nov 2012
@3:20- Then why it's important to have substitution clause in a contract if you're a contractor. I will appreciate if someone can reply to my query @4:40, you really mean that? :)
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Myong Mccaffery commented on 08 Nov 2012
I hear a lot that umbrella companies can keep you away from IR35. I'm not sure that's true. Would love to hear about it in your next week's interview. btw, Paul was awesome
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Ilse Gallimore commented on 28 Nov 2012
thanks for all the info- great interview. Btw, I would like you to talk about choosing the right contractor umbrella in your next interview. thanks in advance
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Acree Kardos commented on 01 Nov 2012
Thanks for recording this. I currently use xero and find it great I've not heard about receipt bank. Really looking forward to checking it out.
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Stacia Normandin commented on 04 Dec 2012
me too- i know its easy to choose a company based on certain parameters but i'd love to hear some expert helping us with that
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Contractor Guides commented on 01 Nov 2012
Thanks for your comment Acree. Since doing this interview I have signed up with Xero and it really is a great system.
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Evelyn Schoener commented on 13 Nov 2012
Umbrella rocks for me- I don't see how contractors can afford to bear with being a director of a company.
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Freddie Holloway commented on 27 Nov 2012
you're probably ignoring that you will be a company director, which is something tough at times
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Joe La Roche commented on 14 Dec 2014
Iam useing a umbrella company and they rob me of lads per week iv just gone ltd today
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Thu Mcgonagle commented on 07 Dec 2012
always, its the contractor who is to answer. the important thing is to get pro services
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Fabiola Spickart commented on 11 Dec 2012
Thanks for the wonderful info- loved Paul's thoughts on umbrella companies
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Robbin Landvogt commented on 25 Nov 2012
does it affects my pensions if I'm with a contractor umbrella?
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Queenie Mccasland commented on 07 Dec 2012
So that's just a matter of efficiency- thanks for replying
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goblindigital2 commented on 09 Nov 2012
i never commented in your videos!!!
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Joe La Roche commented on 22 Dec 2014
Limited all the way
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Mesothelioma Lawyer commented on 15 Jul 2013
Very inspiring!

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