When it comes to starting your business, one of the keys to success is to get the right structure from the start.  We take the time to appreciate our clients’ ambitions and work with them to create the best format for their needs whether it be as a Limited Company, a Partnership or a Sole Trader.

Our understanding is not confined to an in-depth knowledge of accountancy and the tax regime. The team at CooperFaure have created and run our own successful businesses from an events management company to a property development business to an interim management consultancy. As a result, we understand the perils and pitfalls in starting and growing a company and can offer support and guidance every step of the way.

 Services For Limited Companies

When starting a business, to set up a Limited Company offers the individual protection by limiting their liability. Any loan or credit agreements would be in the name of the company offering a degree of safety to the individual. Added to this, there is a perception that a Limited Company is a superior entity than a sole trader which may assist in winning new business. However, there are statutory requirements in and around operating a Limited Company that inevitably means paperwork.

Whether a new start or an existing business, CooperFaure offers a comprehensive suite of services to support Limited Companies.

Prepare, submit and file Annual Accounts.
Prepare Periodic Management Accounts.
Provide Dividend Schedules.
Provide references for Mortgage Applications and similar.
Prepare National Statistical Office Business Surveys.
Prepare Cash-Flows and Business Plans.

Raise Invoices on the company’s behalf.
Record all Transactions of the company on Sage Line 50.
Manage the Bank Statements of the company.
Manage Supplier Payments.
Provide Credit Control Services.

Act as the Agent for the company with HMRC.
Prepare and submit VAT Returns for the company.
Prepare the company’s Corporation Tax Computation.
Prepare Income Tax and National Insurance Information.

Manage the Payroll on HMRC RTI Compliant Software.
Calculate Net Salaries, Income Tax and NI Contributions.
Complete all Requisite Returns to the UK Authorities.
Prepare P60 and P11D’s and, where appropriate, P45’s.
Administer Commission, Bonus Schemes and Employee Benefits.
Administer company and workplace Pension Schemes.
Administer Business Expense Reporting and Reimbursement.

Complete and file all Companies House Mandatory Forms.
Prepare and submit the Annual Return.
Prepare and record all Director’s Resolutions.
Act as the Registered Office for the company.
Prepare and issue Periodic Dividend Vouchers.
Prepare Shareholders’ Agreements.
Prepare and issue Director’s Loan Agreements.

Incorporate a bespoke UK Limited Company.
Act as Company Secretary and provide a Registered Office.
Open a Business Bank Account.
Review Third Party Contracts.
Liaise with HMRC to secure the Employment Reference.
Prepare VAT and Flat Rate Scheme Registration.
Set the Accounting Reference Date.
Provide Employment Contracts.
Source Professional Indemnity and Public Liability Insurance.

 Services For Sole Traders

As a Sole Trader, the individual is the business and, as such, would be personally responsible for any loan or credit agreements. Even though a Sole Trader can be VAT registered and have employees, there is a slant that this is a smaller operation than a Limited Company. However, there is a much reduced level of administration.

CooperFaure provides the level of support to meet the business needs both for the current position and for future development of Sole Traders.

Prepare, submit and file Annual Accounts.
Prepare Periodic Management Accounts.
Provide References for Mortgage Applications and similar.
Prepare Cash-Flows and Business Plans.
Review Third Party Contracts.

Raise Invoices on the sole trader’s behalf.
Record all Transactions of the sole trader on Sage Line 50.
Manage the Bank Statements of the sole trader.
Manage Supplier Payments.
Provide Credit Control Services.

Register the business for VAT.
Prepare and submit VAT Returns.

Liaise with HMRC to secure an Employer Reference.
Manage the Payroll on HMRC RTI Compliant Software.
Calculate Net Salaries, Income Tax and NI Contributions.
Prepare and submit annual P60, P11D’s and P45’s.
Administer Commission, Bonus Schemes and Benefits.
Administer Business Expense Reporting.
Prepare and Submit Income Tax and NI Information and Payments.

 Services for Personal Tax

One of the obligations of being a Director of a UK Limited Company or a Sole Trader is to submit an annual Self-Assessment Tax Return. The tax year runs from 6th April to 5th April in the following year.

Here are some more reasons for having to submit a tax return.

Who else needs to complete a Tax Return

Income from UK Investments or Trusts.
Income from Land and Property in UK.
Foreign Income or Gains over £300.00.
Capital Gains or Capital Losses.
Annual Income exceeds £100,000.
Income > £50,000 & family continues to receive Child Benefit.
Other Income not taxed at source.

How we can help with your Tax Return

Advise on the Registration Process, if required.
Collate all sources of Income and Benefits.
Compile details of Taxes Contributed.
Prepare draft Tax Calculation for approval.
Submit Tax Return to HMRC.
Liaise on any matters arising from the Tax Return.
Contact Us

Why not call us today?

Drop us a line or send us an e-mail to arrange a consultation on how we can help you and your business succeed