Contractors Centre
Limited Company Being able to offer either formation of a brand new company or transfer of a ready made company, means that we provide a full start up service, including share certificates, Memorandum and Articles of Association, Certificate of Registration, minutes of first meeting, VAT, PAYE and Corporation Tax registration. We deal with all aspects of company formation and administration which means that you can rest assured that the process has been carried out by professionals, we do not use formation agents.
Payroll Each month we prepare the payroll for you, and the payslips are posted to you each quarter. We tell you how much tax and NI is payable, and you can then send the cheque to us for submission or send it to the Collector directly. Please note that completion of Employers Annual Return/P35 and P11D will be invoiced separately.
Expenses We provide you with an expense claim form for you to claim reimbursement of expenses paid by yourself on behalf of the company. We can give advice on the sorts of expenses you can claim, for example travel, much of which is covered in our travel expenses guide?
Dividends Each quarter we ask you to let us know how much you have paid yourself by way of dividends. We then prepare the necessary statutory minutes and we also provide you with a dividend voucher.
Bank Reconciliation We will maintain your bank account on our computerised system and reconcile your company's current and deposit accounts. For this we need copies of your bank statements, with a brief narrative for each transaction. We will provide you with the necessary forms to make life easier.
Vat Returns In conjunction with your expense claims and bank reconciliation we will prepare your VAT Return each quarter. The Return is then sent to you for signature and you send this to HM Revenue & Customs, together with a cheque in a pre-paid envelope
Statutory Matters Your company is required to disclose relevant information at various times to the Registrar of Companies. We will prepare your Annual Return, which must be submitted each year. We will also notify the Registrar of any changes in Directors or Secretary or share capital.
Year End Accounts We prepare your annual statutory accounts, and once approved by you, send a copy to the Registrar of Companies. The Inland Revenue also require a slightly different set of accounts as they require more detailed information than the Registrar. Again we will submit the accounts, tax computations, annual corporation tax return and any claims to the Inland Revenue.
Our Fees We carry out all of the above services for a fixed monthly fee (excluding Personal Tax Returns, Employers Annual Return and P11D) of £100 plus VAT. It is our belief that we give good value for our services, and our commitment is always to maintain the correct balance between price and quality.
Personal Taxation We will register with the HM Revenue & Customs as your Self Assessment taxation agents and prepare and submit your Self Assessment Tax Return with the Inspector. We are a registered E-Filer (ID 002558) which means that your Return and statements can be sent and received electronically. The personal taxation service is available separately at the rate of £175 plus VAT per annum.