So, you’re looking to grow your business by capturing more of the market share that already belongs in someone else’s pocket? You want better margins and higher cash flow but feel like it is just not happening fast enough…for some reason. Maybe because while everyone else seems satisfied with their current numbers there are so … Read more
Limited Liability Partnerships (LLPs) are a legal business structure used for the types of professions that normally operate as partnerships, such as solicitors and accountancy firms. They provide reduced financial liability or ‘limited’ to each LLP member with additional features like tax breaks on profits shared within the company when compared side by side against … Read more
A company’s name is crucial in setting it apart from the competition and attracting clients. With so many business owners using similar sounding names, companies have started to protect their chosen domain with Limited Liability Companies or Ltds for short (1). The first step towards protecting your valuable brand equity begins by researching which type … Read more
Shareholders are the backbone of any company that has limited liability. They make up its ownership, and thus hold all power in deciding what happens with it – from major decisions like whether or not to expand into new markets; down every detail including how many hours per week each employee should work (or if … Read more
The right company in the UK can be a huge benefit for your business, and 1st Formations is here to help you get started. Our exclusive Non-UK Residents package enables overseas clients like yourself with just 3 – 6 hours of work on our end! You can set up a UK company in any one … Read more
With the new eCommerce package, changes were introduced to how Value-Added Tax (VAT) due on certain imported goods can be accounted for. As part of these changes and in order that businesses are able to properly account for their tax obligations, an Import One Stop Shop has been established with all necessary services available through … Read more
Limited companies are a popular form of business structure in the UK. These businesses arrangements have been increasing over time as more people choose this type for their projects, with 2 million actively trading limited liability firms compared to around 3-and five hundred thousand sole traderages at any given moment . However it’s important not … Read more
There are a number of different people who need to register for Self Assessment, complete their tax returns and pay personal taxes with the money they earned in order: 1) To be able to make decisions about how that income should be used – whether it’s saving or spending some on yourself 2). In accordance … Read more
Volunteering to register for VAT in the European Union can provide your business with a number of benefits, but it will also require you do some work. Here’s what we mean: a) The advantages are that companies who choose this option have access to many more sources and types tax breaks on costs related purchases; … Read more
Registering a company is a simple process.. 1. Choose a company name After you have chosen a name for your new company, the next step is to check if it’s available. You can do this by typing in our Company Name Search Tool on homepage! If someone has already taken that specific moniker or its … Read more
