FAQs

There is no definitive correct answer here as there are pros and cons to both. The tax efficiency of each depends on your other income and how much profit you might be making. Limited companies are more complex to run but they offer tax advantages and flexibility.  There are, however, other factors to consider such as the limited liability of a company (liabilities fall on the company and not you personally), the added credibility of a limited company to customers compared to being self employed and more. It’s a question we really need to discuss further to help you make the right decision.

It depends whether you’re operating as a Sole Trader, Partnership, or Limited Company:

Sole Traders & Partnerships need to file a Self Assessment tax return annually. Partnerships also require a partnership return.

Limited Companies must submit annual accounts and a Corporation Tax return to HMRC, file a Confirmation Statement with Companies House, and often run payroll and dividend reporting.

We’ll guide you through the specific requirements for your setup.

• Self-Assessment (all): Tax return due 31 January (we need info by 31 October).
• Limited Company: Accounts due 9 months after year end; Corporation Tax payment due 9 months + 1 day later.
• Confirmation Statement: Due annually within 14 days of incorporation anniversary.
• VAT returns: Usually quarterly, due 1 month + 7 days after the quarter ends.
• Payroll & Dividends: Payroll typically monthly. Dividends typically quarterly or variable.
• Making Tax Digital: Phasing in from April 2026 for combined income over £50k.

Self-employed: Income tax + National Insurance (Class 2 & 4), due by 31 January.

Limited Company: Corporation Tax + personal income tax on dividends, also due 31 January.

If tax owed is over £1,000, you may need to make ‘payments on account’ towards next year’s bill — we’ll help explain and plan for this.

That depends on your business and how you operate — we’ll walk through this with you. The key is that costs must be “wholly and exclusively” for business use.

If your rolling 12-month turnover exceeds £90,000, VAT registration is required. You can register voluntarily earlier if it’s advantageous. We’ll help you decide. VAT returns are quarterly (or monthly) and must be submitted through software.

You can do it, we can do it, or we can share the responsibility — whatever works best for you. We’ll help you choose and support the setup. Cloud software such as Xero makes the process relatively simple.

Yes — you’ll be assigned a named partner and day-to-day support team who will handle your accounts, tax, payroll and more. We’re here whenever you need us.

We always respond within 24 working hours — and if we need time to investigate, we’ll let you know we’ve received your query and are on the case.

No problem. If something falls outside your agreed package, we’ll always give you a clear quote before doing any extra work — no surprises.

Yes — we strongly recommend cloud accounting tools for all clients. They’re essential for accurate records, Making Tax Digital, and collaborative working.

Not at all. We’ll set it up for you, offer training if needed, and provide ongoing advice. There are also help guides available 24/7. Pricing varies depending on your needs, but we’ll help you find the right plan (sometimes with discounts).

Absolutely. We can prepare financial forecasts, cashflow models, and even support business planning. We also partner with funding specialists who can help source finance if needed.

Every business is different. We use a fixed-pricing model based on your requirements, so you always know what to expect. No surprise bills — and most support is included in your package.