Frequently Asked Questions
I’m going self-employed, what do I need to do?
First, you need to register as self-employed with HMRC. You will have to track your income and expenses up until the end of the current tax year. Then you’ll need to submit a self-assessment declaring everything you earned and everything you spent (in relation to your business). The tax you owe will be calculated for you.
What expenses can I claim?
Business expenses, whether self-employed or as a limited company, have to relate to the product or service you offer. This varies depending on the industry you’re in and there are limits to certain types of expenses
Do you have an office?
We work remotely which means we can pass our savings on rents and rates on to our clients. This is what allows us to offer a great service at a fraction of the cost of city centre accountancy practices.
Do I have to be VAT registered?
The current VAT threshold is £90,000 per year. If your, or your companies, revenue exceeds this amount, you must register for VAT and submit regular VAT returns.
The amount of VAT you pay can depend on the industry you’re in and your circumstances. If you would like help with any further VAT queries, please get in touch via the contact page. Please bear in mind we can’t give personal advice or help for anyone who is not a client.
Should I be self-employed or set up a limited company?
This is usually a question of which you would pay less tax as, however there are more reasons to consider such as liability and complexity.
We will help you decide which is best for you during your first consultation. To arrange this, please fill out this form.
How much are your services?
Our prices for self-employment start from £150. Our packages for Limited Companies start at £50 per month.
What qualifications do you have?
Aleksandra is a Chartered accountant through the accountancy body CIMA.
Aleksandra has 9 years of experience working as an accountant with all business types in multiple industries.
