Services
Business Structure
Register a company in the UK
Your options
Setting up or expanding your business in the UK is straightforward. You can choose how your company operates.
If you want to incorporate a company as a separate legal entity in the UK, forming a private limited company is the most popular option.
You can also incorporate a company as a sole trader (in which you have all liability for company debts) or a partnership (where you share the liability with other partners in the business).
The online process to register (incorporate) a private limited company in the UK typically takes less than 24 hours.
Getting started
Before you start the incorporation process, you’ll need:
a name for the company
an address for the company – this can be any UK address
at least one director – this person does not need to be a UK resident
at least one shareholder – this can be an individual or another company
A company registering in the UK must have a ‘memorandum’ and an ‘articles of association’ document in place at the time of incorporation.
You can use standard template documents, or our professional advisers can create them on your company’s behalf.
It’s not a legal requirement to have a director or shareholder resident in the UK to set up a UK company.
However, many banks will want you to have resident directors or shareholders before they will open a UK business bank account for your business.
Accounting and Bookkeeping
Book Keeping
We provide bookkeeping services on a monthly or quarterly basis which means you are free to concentrate your efforts and time on your business. We ensure that the bookkeeping is done accurately to a high standard and any unusual items are highlighted for you attention.
Companies of all sizes rely on Scala Financial Consultancy to manage their back office accounting and compliance requirements effectively. They include businesses in the UK, those investing in the UK and global organisations operating across multiple jurisdictions.
Our clients work with us to improve domestic and global finance, accounting, compliance and other procedures, providing better value for money and greater control over back office functions.
Our Accounting Services
- Bookkeeping and data inputting services
- Preparation of periodic management accounts
- Interpretation of management information
- Detailed management reports
- Preparation and submission of VAT returns
- Invoicing
- Year-end statutory accounts
- Expense reporting
- Financial reporting
- Maintaining ledgers
- Preparation of forecasts and sensitivity analysis
- Processing month end journals
- Treasury and bank operation
- Year-end reporting and preparation for audit
UK TAX AND INCENTIVES
A clear tax system
Any overseas company with a UK branch or office must pay UK Corporation Tax on company profits arising in the UK.
A competitive tax system
Set up a Business
Starting a new business is an exciting but challenging time.
There are so many things to do and if you don’t have a financial background, it can be difficult to know where to start.
Avin Accountants will make sure you set off on the right foot and fulfil your statutory duties right from the start.
We offer a free initial consultation during which we will discuss your requirements so we can match you with the right services for your business.
Our expert assistance and advice will help you:
-decide which would be the most suitable structure for your new business, whether it is sole trader, partnership or limited company
-prepare an effective business plan as well as cash flow projections and management accounts. –
-help you establish an effective working relationship with your bank and other necessary professional advisors.
Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through.
Most however are not experts in the legal and financial aspects of running a business and such matters can appear daunting.
Fortunately you do not need to be an expert in these fields to succeed in business, but you do need the support of a team of trained experts.
We provide below services:
decide on the most suitable structure for your business – sole trader, partnership, limited liability partnership or limited company
prepare a business plan, cashflow projections, budgets, and trading forecasts
assess the finance requirements, advise on the best sources of finance and draw up the necessary proposals
establish a good working relationship with your bank
complete any registration procedures with Companies House and HMRC
deal with company secretarial issues
set up a recording system for your internal use and for complying with statutory requirements
decide on what computer hardware to buy and help with the installation of accountancy software
keep on top of bookkeeping, VAT, payroll and other accounting requirements and
help with all aspects of business compliance and administration
Doing Business in the UK
Are you expanding into the UK? Are you starting a new business in the UK? Or planning to expand your UK presence?
Guidance by experts
Setting up and expanding a business in the UK can be complex and demanding, but we can guide you through the challenges. We provide companies with a range of accounting, tax and compliance and advisory services to support their growth and changing requirements within the UK and internationally, enabling our clients turn challenges into opportunity.
As your business expands and your needs change, we also offer a coordinated service for your international accounting and compliance requirements, providing you with a globally consistent approach and central control. We continue to support your accounting needs across the globe through a dedicated team based in the UK under a single UK contact.
For investors building operations in the UK, we can provide the advice needed to make the right decisions as well as practical hands on support.
Payroll Services
Avin Accountants has a dedicated payroll department, which provides a complete service, including dealing with pay as you earn tax (PAYE), National Insurance (NI), statutory sick pay (SSP), statutory maternity pay (SMP) student loan repayments and Working Families’ tax credits.
By allowing us to handle all your payroll requirements, you will free up valuable resources and can be confident that everything is being handled in the correct way.
Meeting your obligations as an employer can be incredibly daunting, especially with the introduction of Real-Time Information (RTI).
RTI means employers share information with HM Revenue & Customs (HMRC) on-or-before payments are made to employees. We here at Avin Accountants use HMRC-approved, RTI-compliant payroll software.
We can assist you with the followings:
Auto – Enrolment.
Transferring your payroll data from your existing system / provider with little or no disruption to you or your staff.
Enrolling for a PAYE scheme to be set up with HM Revenue & Customs regarding any new or historic problems.
Advice on hiring staff, for example employment contracts, statutory responsibilities and compliance, including what you need to know regarding hiring foreign employees, students, interns etc.
Advice on terminating staff, including termination payments such as redundancy, payments in lieu of notice, garden leave etc.
GOT A QUESTION?
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