SME's
Startups & Growing Your Business
Longmires are not just here to help with the basics, payroll, book-keeping and management accounts but to help you gain better understanding of the numbers so you can concentrate on what you set out to achieve - growing your business in line with your aspirations. We understand you will have lots of questions when setting up in business and when you are growing, we know because we have been there…
Limited or Self Employed?
Should I be VAT Registered?
What expenses can I claim?
What funding can I get?
QUESTIONS
We can support you with ALL your queries
Self-Employed & Limited - no matter what your status you will need to:
Register for VAT (£90,000 income or before if applicable)
Keep Good records of income & expenditure
You will be fined for late filings!
Accountant can act as your agent with HMRC
Get the right insurance!
Cash-Flow is key, get a good model to forecast
Thinking about working for yourself - don't let the unknown stop you moving forward...
Here's a quick guide to what you need to start thinking about!
Self-Employed
Easy & Quick - register with HMRC and receive a UTR number
Year-End will always be 5th April
Tax Return due and tax paid by 31st January
Tax & NI calculated on submission of return
Pay Class 2 NI annually
Adjust profit with allowable expenses such as use of home
Limited
Limited Liability - get those big contracts!
Register Company with Companies House & HMRC
Tax benefit - Take some income as Dividend
Year end 12 months after registration
Accounts & Corporation Tax due 9 months after yearend
Register as an Employer & Submit monthly RTI returns
Annual Return to Companies House - due on date of incorporation
There are some small differences to being self-employed and limited.
Not sure which is right for you, please ask and we can guide you...
PACKAGES
We appreciate that there are different phases to your business which is why we have various monthly packages:
Compliance Package from £200 (plus VAT) per month includes
Xero Software
Annual Accounts to HMRC & Companies House
Corporation Tax Calculations
Annual return
Payroll for 2 Directors
Quarterly VAT Returns
Small Business Package from £300 (plus VAT) per month includes
Xero Software
Annual Accounts to HMRC & Companies House
Corporation Tax Calculations
Annual return
Payroll for 5 staff
Quarterly management accounts
Quarterly VAT Returns
Grow Your Business Package from £500 (plus VAT) per month includes
Xero Software
Annual Accounts to HMRC & Companies House
Corporation Tax Calculations
Annual return
Payroll for 10 staff
Monthly management accounts
Management Accounts revoew
Help with Budget setting
Quarterly VAT Returns
To discuss your requirements and to arrange a free consultation with one of our advisers please call 0161 714 4405.
Longmires went above and beyond the service I have had from previous accountancy firms in that they did everything from setting up my company, liaising with my factoring partner, to accompanying me to various negotiations and legal meetings required when selling my previous business (often at short notice). Emails and phone calls are always returned promptly, I've had no issues with HMRC dealings as Longmires ensure that all returns are correct and on time. And all for a fixed monthly fee which is very competitive.
Sarah Perry - Sarah Perry Ltd
Cheeky Cherubs is a not for profit children's learning centre established over a year ago in Urmston Manchester. Before we were introduced to Sarah and Dathan at Longmires, our future was uncertain and our project was coming to an end. Sarah and Dathan have helped us to see light at the end of the tunnel and we can see a very positive future for the business which was created with the communities’ interest at heart.
Sue Wilkinson - Managing Director
