Business Start Up
Startups accountants slough
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Business start-ups
A common question new Business start-ups often ask our Slough accountants is, “Should I start as a sole trader or limited company?” Well, that’s a very valid question, to begin with – one that requires careful consideration. The setup process, for example, is relatively straightforward when discussing sole trader ship. You’ll have minimal paperwork to deal with in any accounting period. There will be greater privacy as your personal business information will not be listed and available freely on Companies House. On the downside, sole traders are liable for all debts accrued, so if things go wrong and you cannot repay debts, you may have to give up or even sell your assets to settle the debts.
Startups accountants slough
Starting a limited company offers a legal distinction between you and the company managers or decision makers – as such, personal assets do not hang in the balance if things go south. With that said, successfully running a limited company requires much more responsibility, like preparing all kinds of paperwork each year on a timely basis, which can be both costly and time-consuming. With a limited company, you also have the flexibility of taking money out of the company account to meet your personal tax needs in the form of dividends, as a salary, or even both in certain instances. However, you must also pay Corporation Tax on your profits. With self-employment, you only have to pay income tax on the collective earnings of the business.
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Sulaiman Javed2022-08-15Amazing, Adam is extremely helpful and well versed in everything he does. Straight to the point and easy to work with. I would highly recommend!!
Shaz K2022-02-11Super efficient, helpful and friendly accountant. Great tips and advice to save money. Highly recommended!
Sidali Bennoui2022-02-03Best accountant I have so far very Reelable quick respond perfect Customer service ( big thank you ????)
Abdul Rehman2022-02-02As being an online freelance accountant I was serving to my client in UK. I was facing difficulties in VAT and accounts management. By going through Internet I saw the profile of Adam Accountancy Accountants in Slough UK and contacted them to get me out of the current situation. Adam Accountancy certified chartered accountants in Slough advice helped me a lot to tackle the situation. Thank you very much.
Anthony Hughes2022-01-29I'm so relieved that I handed my accounts to Adam. The process was made easy, quick and stress free. In addition Adam has always responded to any questions I have both promptly and professionally plus offered advice when I've asked for it. An excellent quick and friendly service, Adam doesn’t bamboozle you with accountant talk, tells you how it is in a way anyone can understand. Very reasonably priced too. Worth every penny!
Dario Vieira2022-01-24Great service given by Adam. Been with Adam for over a year and not only is he good at what he does he also provides brilliant advice. Keep up the good work, highly recommended
shiok fung Chan2022-01-24A very professional firm which has delivered excellent service year in year out; assisting my small business to flourish and run smoothly. Thank you Adam!
John Steggall2022-01-24Adam is an amazing person, who is a true gentleman, providing an unbelievable service to the highest standard with the utmost professional integrity. A pleasure to work with him and his team and a key assert in supporting me and my business.
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