Startup accountant

We are startup accountants & can help you setup Setting up a new startup or business can be stressful with what looks like a mountain of paperwork and red tape to deal with. We’re here to help you with the tax and accounting side of things and have advised startups as diverse as a new… Continue reading Startup accountant

EMI Schemes (Enterprise Management Incentive)

EMI schemes (Enterprise Management Incentives) are tax advantaged schemes offered by H M Revenue & Customs to small and medium sized businesses (“SME”) for incentivising the SME’s employees. EMI schemes are share option schemes which fundamentally provide tax savings for both the employee and the SME whilst also providing the facility for the SME to incentivise… Continue reading EMI Schemes (Enterprise Management Incentive)

Confirmation Statement

How to complete the Confirmation Statement The Confirmation Statement is required to be filed at Companies House at least annually, normally on the anniversary of incorporation. However, we often have to bring it forward or file an extra one if there is investment or changes to shareholder/director details and this is required to be updated… Continue reading Confirmation Statement

Public sector contractors

Public sector This post only applies to off payroll “contractors” (including locums or consultants etc) who are working in the public sector, such as for the NHS, a government agency, university or local authority and use a limited company to raise invoices. Contractors working in the private sector will not currently be affected by these… Continue reading Public sector contractors

Setting up company structure

Factors involved in setting up company structure There are different factors involved in setting up company structure and it depends on the type of business, circumstances of the shareholders and their aims for the business.   Shareholders: if you may sell the company and re-invest the profits a holding company may be useful otherwise, the co-founders can… Continue reading Setting up company structure

Xero Accountants

xero accountants

We are certified as Xero Accountants As Xero accountants we specialise in tech startups but also have experience of many other types of businesses from creative agencies to contractors to restaurants. What is Xero? Xero makes it very easy for businesses to do their bookkeeping, for example by automatically feeding in transactions from your bank and using… Continue reading Xero Accountants

Pre trading expenses

Pre trading expenses: summary You can get a tax deduction for pre trading expenses incurred upto 7 years before your business started trading. Pre-trading Under CTA2009 s.61, if a company incurs expenses for the purposes of a trade before (but not more than 7 years before) the date on which the company starts to carry… Continue reading Pre trading expenses

Startup equity, dilution and cap table

Startup equity, dilution and cap table If you’re raising funding or startup equity you need to work out how many shares to issue to investors. The easiest way is probably to work out the % holdings after the share issue and work backwards. For example, if there are 2 co-founders with 100 shares each who… Continue reading Startup equity, dilution and cap table

Understanding business accounts

Whether you are a new startup or a seasoned investor, understanding business accounts is crucial to staying on top of your business. The numbers don’t lie and will tell you if the business is profitable, if new strategies are working or if remedial action is required. They will also be able to tell you about the financial… Continue reading Understanding business accounts

Residential property tax planning

Residential property can be a lucrative business, but profits or gains will be subject to tax. In this post we discuss some of the property tax planning options, including using limited companies or LLPs, trading vs investment property, capital gains tax and entrepreneurs relief. Please download the full report on residential property tax planning for full details. Trading stock vs Investment… Continue reading Residential property tax planning