Lower Corporation Tax rates than income tax rates.

Longer tax payment period (9 months after the year end), as opposed to payment on account with Self-Assessment.

Personal assets may be protected (in most cases liability will be limited to the assets in the company only)


Relatively easy to transfer or split ownership (With partnerships there is complications with sleeping partners and degree of involvement of partners in the business , with company you simply transfer shares)

Achieve greater credibility in business trading (Your letterheads and invoices will have your registered office, company name, company number, giving perceived credibility)
 

Handle the formation of a new company (Complete relevant Companies House Forms, Memorandum and Articles of Associations, Minutes of the company and relevant dispensation minutes, company register and statuary records)

Help open a Company Bank Account, even when directors have adverse credit history (Complete 
company bank application form and mandate, provide relevant identification to bank)

Become your registered office (Handle and become notified of all company reminders and paperwork, so you are not bothered with it)
 

Act as your company secretary (Sign standard documents that relieves you with the legislative headache)
 
Register with the Inland Revenue for PAYE/NI and Corporation Tax (Complete the Inland Revenue New Company Details form. Register as the company as a new employer with the Inland Revenue if appropriate)
 
Complete the Self-Assessment for each director for each tax year
 

Complete the Annual Company Return due on the company anniversary each year
 
Keep minutes and statuary records up to date 

Produce and submit abbreviated year-end accounts for Companies House and full shareholder accounts
 
Handle all Payroll Aspects 


For signed incorporations, click here to download documents required

     
 

Power Accountax Chartered Accountants & Registered Auditors, Southampton, Hampshire. Tel: 08704 42 32 22