Starting a new business can be a huge leap, and although you may have great ideas and high hopes for your business, you still need the right advice and support behind you.
Getting proper professional advice at an early stage is crucial, as there are very strict tax laws that govern your actions, both at the beginning and once you are up and running.
From income tax to VAT and National Insurance, bookkeeping to payroll, Fawcetts is on hand to help. Our professional services for business start-ups will ensure you are fully compliant with the law and have all the advice and support you need including assistance with business planning.
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HM Revenue & Customs (HMRC) has opened a public pilot of Making Tax Digital (MTD) for VAT.
The pilot is open to sole traders and companies that are up-to-date with VAT, who have not received a default surcharge in the last two years.
Some other groups will need to wait to join, including those:
- trading with the EU;
- based overseas;
- submitting VAT returns annually;
- making payments on account;
- using the VAT Flat Rate Scheme; or
- who have never submitted a VAT return in the past will need to wait to join.
HMRC has also announced that a small number of the most complex businesses will have a six-month deferral to October 2019 before they need to comply with the requirements of MTD for VAT.
MTD for VAT will require businesses with turnovers of £85,000 or more to keep digital records and make quarterly digital submissions to HMRC using ‘designated software packages’ from next April.
Link: MTD for VAT shifts to public pilot
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G Blamire - Salisbury
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Lou Whiting - Salisbury
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Steve Rawlins - Gosport
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Brian Keane - Stockbridge
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Claire Riches - New Forest
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Kelly B - Salisbury
"A breath of fresh air' - Straight forward, understandable, approachable, informative, good value accounting. Xero accounting is so quick & simple to use!! Thank you. I enjoy my side of the deal now!"
Sue S. Devizes
"They are a modern and forward thinking company who love working with small businesses and start-ups; helping them grow online by offering relevant services along with pro-active advice."
Jack McConnell - Bath
"James has been a huge help to me as I look to incorporate Creativemint, talking me through all the options, offering advice and helping me to feel relaxed and happy about the transition and services I will need."
Miles Murray - Salisbury
"Nick has been a great help year on year providing my business with efficient services and ever useful and practical advice."
Mrs Zanne St John Marchmont
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Andy Leppard - Somerset
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