Sales and invoicing

• How do I create a client invoice?

• What do I need to include on VAT invoices?

• How do I calculate my daily rate?

• How do I invoice for expenses?

• How do I invoice for fees?

Contracts

• How do I draw up a consultancy contract?

Payroll

• What is PAYE and how does it work?

• How are salary payments processed?

• What is the procedure for the final payroll of the tax year?

• How do tax codes work?

• How is directors’ national insurance calculated?

• What is form P11D?

• Do I have to complete a self-assessment tax return?

• What is form P45?

• How does my company payroll work?

• What tax-efficient products are recommended for independents working via a limited company?

• Am I entitled to claim Employment Allowance?

Record keeping

• What is the best way to organise my company records?

• What happens in the event of an HMRC compliance visit?

• How long do I need to keep accounting records for?

• How do I keep my accounting records up to date?

• What are the different ways of drawing money out of my company?

• Can I loan money to my company?

• How likely is it that my company will be investigated by HMRC?

• Can I claim for expenses that have been incurred before incorporating my company?

Allowable company expenses

• Which expenses are allowable for tax purposes?

• What is the correct procedure for claiming expenses as a contractor?

• What are the various allowable company expenses?

• Can my company pay for the running expenses of my personal vehicle?

• Can my company pay for my home broadband if I work from home?

• Can my company pay for business calls made on my personal mobile or landline?

• Am I entitled to claim childcare vouchers from my client or the government?

Legal and secretarial

• Why does Competex provide the registered office?

• What is the director’s service address?

• What is limited liability?

• What is a confirmation statement (annual return)?

• What information do I need to include on my company letters, emails and websites?

• What are the Money Laundering Regulations?

• What are the company minutes?

• What are the main company roles?

• Should I opt in or out of the Employment Agency Regulations?

• What are the main company documents?

Dividends

• What are dividends?

• Is it acceptable to pay my spouse or partner in dividends out of my company?

Fixed assets

• What are fixed assets and how are they treated in the accounts?

Regulations affecting limited companies

• In what circumstances would I need to submit an employment intermediary report?

• Am I affected by the Agency Workers Regulations?

Value Added Tax (VAT)

• July Small Business Update

• Should my company purchase or lease an electric or low emission car?

• March Small Business Update

• What did we learn from the 2021 Budget Announcement?

• How to prepare for the Off Payroll Working (IR35) changes in April 2021 [CHECKLIST]

• February Small Business Update

• Brexit and VAT – what are the changes from 1 January 2021?

• Do I need to register my company for VAT?

• Do I charge VAT if I am working abroad or buying/selling in the EU?

• In what circumstances is it not advisable to register for VAT on a voluntary basis?

• What is the VAT Flat Rate Scheme (FRS)?

• When is VAT payable?

• What are the benefits of voluntarily registering my company for VAT?

• Can I reclaim VAT on pre-registration expenses?

• What are the penalties for late submission of VAT returns or for late payments of VAT?

Year end accounts and audit

• What is an inactive company?

• What information is needed to prepare annual accounts?

• What is the correct procedure for filing annual accounts?

• Will my company need to be audited?

• When is Corporation Tax due?

Amy FowlerHow a Limited Company Works05.18.2019