Limited Company Accounts
Are you a limited company or looking to set up a limited business? At Nokes, we provide self-employed clients with professional accounting and financial advice that maximise the financial rewards self-employment offers while minimising the administrative workload.
If you are setting up on your own for the first time, it is essential you choose the right type of business. Setting up a limited company offers many incentives including tax benefits and protection of your personal assets should your company have debts it cannot clear, however, tax returns can be higher and you must comply with administrative responsibilities such as filing all accounts on public record at Companies House.
At Nokes, we offer the support and guidance you need to make an informed decision about the best choice of business for you. We will take the time to understand your individual requirements and advise on the most suitable tax arrangements and options available to put you in the best commercial position.
Our services for Limited Companies include; business set up; VAT, tax and year-end returns; advice on your tax position; advice on contracts to ensure IR35 compliance and preliminary legal support.
To learn more about the limited accounts services we offer, book a free consultation with one of our Accountants. Call us on 01277 633971 or email: firstname.lastname@example.org
Are you a Sole Trader or looking to become self –employed? At Nokes, we provide self-employed professionals with sound business advice and accountancy solutions that ensure they can operate their businesses efficiently and with complete peace of mind.
Setting up as a Sole Trader can offer attractive benefits. You have complete control over the finances of your business and own all of the profit. Your business affairs will also remain private as there is no requirement to make accounts public; however, there are still specific processes to follow and requirements that must be met.
Our dedicated team will provide you with expert advice on working as a Sole Trader, ensuring you fully understand the financially implications and equipping you with the facts you need to make informed decisions and operate compliantly within HM Revenue & Customs guidelines.
We offer a hands-on, personal service to Sole Traders that includes; business set up; VAT, tax and year-end returns; advice on your tax position and how much money you can withdraw; advice on contracts to ensure IR35 compliance and preliminary legal support.
To learn more about the Sole Trader account services we offer, book a free consultation with one of our Accountants. Call us on 01277 633971 or email: email@example.com
If you are a contactor or subcontractor working in the construction industry, you must comply with special tax rules and methods for handling payments as set out in the Construction Industry Scheme. Failure to comply with regulations will result in penalties being issued by HM Revenue & Customs. (HMRC) At Nokes, we keep our clients up to date with the latest CIS regulations, providing immediately notification of any changes and offering advice and guidance on how this affects their position so compliance can be assured.
Under the CIS scheme, contractors must follow prescribed guidelines in relation to hiring and paying subcontractors.
At Nokes, our accountants will ensure you are fully aware of your obligations under the scheme and provide the support you need to ensure regulatory compliance.
Our services include; registering you as a contractor with HMRC, verifying your subcontractors are registered with HMRC, ensuring subcontractors are paid in compliance with the scheme, preparing and issuing deduction statements to subcontractors and preparing and supplying HMRC with monthly statements.
Under the CIS scheme, subcontractors are obliged to register with HMRC and immediately notify them of any changes to their business including their business address, business name and business partners.
Each contractor that hires you must decide whether you are self -employed or an employee. A self-employed status will result in your registration as a subcontractor under the CIS scheme. HMRC will set you up to receive payments under deduction and contractors will deduct tax at 20 per cent from your invoices and pay this to HMRC.
At Nokes, our accountants will provide the advice and guidance you need to understand your position and comply with regulations. Our services include; advising on your status as a subcontractor or employee and correctly registering you with HMRC; verifying your status with HMRC on behalf of your contractor, taking care of business records, preparing self-assessment tax returns and calculating your tax liability and any refunds due.
To learn more about the CIS services we offer, book a free consultation with one of our CIS specialists. Contact us on 01277 633971 or email: firstname.lastname@example.org
When starting up a business for the first time there are lots of things to consider, some of which might not seem obvious straight away. Getting professional assistance to support you during this important journey can be the difference between executing an effective plan that keeps your business on a path to success and diving in feet first and encountering difficulties later down the line.
At Nokes, we use our wealth of knowledge to help people start successful businesses, ensuring they have the right information to consider and plan every aspect of their new venture.
Our team will help you answer all the big questions that need to be addressed before launching your start-up. We can provide advice and guidance on planning your cash flow, choosing the right bookkeeping system and selecting the best tax savings available.
We can help you to choose the right business structure by carefully explaining the pros and cons of setting up as a sole trader, partnership or limited company. We help you to understand the commercial risks involved and the level of profitability you can expect. We make sure you are fully prepared in terms of tax planning, VAT considerations and financing your business. We will also work with you to ensure you have a solid business plan that helps you set a clear direction for your business both now and in the future, whether you intend to borrow money to finance your business or not.
Whether you need our support to help plan your business from scratch or you need our expertise to give feedback and highlight any potential gaps, our team of qualified accountants are on hand to offer the assistance you need to get your business successfully off the ground.
To learn more about the services we offer to business start-ups, book a free consultation with one of our experts. Call us on 01277 633971 or email: email@example.com
Starting up and running a business partnership comes with its own particular set of challenges so it is essential that you and your business partner are clearly prepared and understand the responsibilities and financial implications that result in two or more people sharing control of a company.
At Nokes, our highly qualified team of accountants have many years of experience supporting business partnerships with their tax and accountancy requirements. Whether you are setting up together for the first time or are already established we can help you to make your partnership a success.
Our team can provide guidance on the preliminary factors that must be considered including the liabilities that arise individually and in respect of one another and provide advice on partnership agreements that can safeguard both your interests now and in the future.
We can assist you with planning and managing your business finances and also provide comprehensive tax and accountancy services tailor made to meet your business partnership’s needs.
To learn more about the service we offer to business partnerships, book a free consultation with one of our experts. Call us on 01277 633971 or email: firstname.lastname@example.org