Here at Islam & Co, we help not only advise our clients throughout their business journey, we support them in starting up companies too. We do this by helping you register your company and keep up to date with any legal requirements for your type of business, whether that be sole trader, limited company, or partnership. Our experts will ensure that you hold to correct licences, permits, insurance, and follow the necessary rules if you are selling goods. We can also point you in the right direction if you were considering becoming an employer or taking on agency workers and freelancers. On top this, we will file your accounts and taxes on a yearly basis and keep you up to date with your correspondences.
Sole Traders
For sole traders, we will make sure you fill all necessary paperwork for HM Revenue and Customs such as your self-assessment which will need to be filed yearly. We will file this for you, along with your tax return every year. Our VAT department will assist you with registering for VAT if your turnover exceeds £85,000. If you are a sole trader working in the construction industry, we will ensure you register for your Construction Industry Scheme (CIS) with HMRC. Overall, we will file your accounts, taxes, and keep you up to date with your correspondences.
Limited Companies
For our limited companies, we will keep all necessary company records and report any changes to governmental agencies such as Companies House and HM Revenue and Customs. On a yearly basis, we will file your accounts, company tax return, confirmation statements, and remind you when your corporation tax is due. Along with these duties, we will support your business through its steppingstones, with our expert business advice we will prompt your company to grow and thrive.
Partnerships
For partnership businesses, we will support our clients with business advice. We tend to become the ‘nominated partner’ of their business, as we would be responsible for managing their tax returns and keeping business records. We would also ensure they are registered with HM Revenue and Customs and hold the correct licencing and insurance in order to become a successful company.
At Islam & Co, we will always be a helping hand you can turn to with our expert business advice. We not only will help you kickstart your business, but we will stay with you throughout its journey, supporting you 100% all the way.
For more information, contact us on: 0151 236 6964 or info@islam-co.com