Whether you’re a small startup or on your tenth company formation, the process isn’t always straightforward and simple. Getting it right from the start is crucial, and the complex forms to complete for Companies House aren’t exactly a walk in the park.
Our team are here to help and speak with you if you need any help or have any questions regarding setting up your new company. We can also help with the registration of your new company with HMRC for Corporation Tax, setting up PAYE or registering for VAT, and choosing the accounting system best suited for your new company!
Whatever struggles you may have with your new company formation; Smith & Brown will do all the hard work for you while giving you any advice you might need!
Limited company formation, also known as incorporation, is the process of creating and registering a legal entity, defined under the Companies Act 2006, under which your business operates.
As for business startup, this term refers to a company who is in the first stage of its operations. Small business startups are usually founded by one or more entrepreneurs, who want to develop an idea or product based on increasing demand or gaps in the market.
All companies and businesses in the UK must be registered with Companies House, a government office through which most of their administration is handled and are ultimately under the jurisdiction of the Home Secretary. A company is also required to have at least one named director.
Companies are generally referred to as ‘limited’. This describes the fact that the liability of their directors for losses incurred if the company fails is restricted in a manner defined at the time of incorporation.
A major distinction is between Private (Ltd.) and Public Limited (PLC) companies is that only private limited companies are made through the process of incorporation with Companies House. Public limited companies are defined by having their shares traded on a regulated market. Public status is invariably an evolutionary step in the life of a company, therefore, rather than something determined at the outset.
Do you need help starting a business? Smith & Brown offer a comprehensive company formation service which goes beyond simply completing the paperwork on your behalf.
The first step in deciding to incorporate is to decide whether it’s the right move for you. For many business owners, incorporation carries the benefits of a more flexible tax system and a reduced liability for losses incurred. However, the responsibilities of directorship can be stressful! Our team of dedicated business advisor can offer you a free consultation or a series of discussions around the issues of incorporation, the risks and responsibilities involved, all with an eye for you, your goals and aspirations.
Our incorporation service costs £70 and includes a free preliminary consultation. You’ll receive your certificate of incorporation and be the director of your own company within 72 hours.
Smith & Brown’s company formation services are flexible, accessible and unlimited. Whatever you need, whatever level of service you require, we already have a bounty of clients who are just like you.
Diligence and integrity are at the heart of everything we do. Regardless of how you utilise our services, rest assured that we’ll ensure full compliance and honesty at every stage.
We realise that running a small business can be demanding and time consuming. Above all else, we’re committed to understanding the ins and outs of your business and designing an accounting service that’s especially for you. We build lasting relationships with our clients that work.
Over the past twelve years we’ve developed a process-driven approach, which helps small business owners with the daily challenge of getting out from inside their business and staying on top of it. Our ‘Smart Growth’ uses the latest in data collection and processing technology to put you firmly in control of your business. We’ll help you find scalability and develop the confidence and vision you need to drive your businesses further.
Over the years, we’ve handled accounts and provided direction for hundreds of diverse businesses. Our qualifications and decades of experience mean that we understand the world of business and accounting. Whether it’s strategic analysis or the subtleties of taxation planning for unincorporated companies, we’ve got it covered.
Once your company is registered, Smith & Brown can provide professional accounting services to help manage your company. Our accounting services have helped countless small business owners in a variety of industries. From trades and services to retail and hospitality, wherever your passion may lie, Smith & Brown are here to help your business thrive.
We offer in-depth analysis to see how your small business or company is performing, with the difference between our accounting services and the rest being our ability to see the bigger picture for your business. We focus on your goals, what you want to achieve and provide advice on the best route to get there.
Besides business startup and company formation, Smith & Brown also offer the following accounting service for small businesses:
We can handle your small business’ annual accounts for you, meeting the submission deadline on your behalf, giving you the peace of mind that your submission will be complete and correct. Our accountants are also chartered tax advisers, which means that they have the skills and experience of the UK tax system to save you money on your tax-bill, which, in the case of your accounts, means more money in the bottom line for you.
In short, we’ll help you to set up and manage whatever system of bookkeeping you require. All our bookkeeping solutions are designed to give you insight, control and easy access to your accounts whenever you need it. We charge a fixed annual fee so you can anticipate your costs without any hidden surprises.
Xero Cloud Accounting gives you access to a huge range of real-time data about your business 24 hours a day. Cloud based accounting software gives you, your finance team and your accountant, access to the same data simultaneously without having to send it to each other by email or physical methods like USB or CD.
We offer a completely comprehensive Payroll service through our own sophisticated cloud-based software. Using this system, you can easily handle all your payroll requirements, as well as maintain a full HR database.
Does sorting your business’ corporation tax return fill you will worry and dread? Smith & Brown can simplify the process, so you don’t have to deal with HMRC, never miss a deadline and always pay the correct amount in tax.
We can handle your claim for R&D tax relief from start to finish, whilst making sure it’s as smooth, hassle-free and cost-effective as possible. Rest assured that our team of R&D tax advisors are here to help make sure your claim is accurate and effective.
Smith & Brown can handle your personal tax return no matter what state your bookkeeping is in! We’ll provide a flexible service to you that lets you give us the information we need in any way you like and takes away the hassle of sorting your finances completely.
If you have any comments or questions about your small business’ accounts or finances, Smith & Brown are here to help. Whether you simply want some advice, or to arrange a meeting with us face to face, get in touch. We look forward to hearing from you!