No video :(

Common Mistakes to Avoid When Setting Up a UK Limited Company

Подписаться 23 тыс.

Просмотров 20 тыс.

50% 1

Are you considering setting up a UK limited company? It's crucial to navigate the process smoothly to avoid potential pitfalls. In this video, we'll discuss common mistakes to steer clear of, along with essential key dates and tax forms you need to know.
📅 Key Dates:
Incorporation Date: The date your company is officially registered with Companies House.
Annual Return Date: The deadline for filing your company's annual return, typically within 28 days after the anniversary of incorporation.
Corporation Tax Due Date: The deadline for paying corporation tax, usually nine months and one day after the end of your company's accounting period.
📝 Tax Forms:
CT600: The form used to report your company's taxable profits and calculate corporation tax due.
Form 10: The application form for registering a company with Companies House.
Form CT41G: The form to inform HMRC that your company has started trading.
💼 Examples:
Not Choosing the Right Business Structure: Selecting the wrong business structure can have significant implications on taxes and liability. We'll explore the best fit for your venture.
Neglecting Annual Compliance: Failure to meet annual return deadlines or submit required documents can result in penalties. We'll guide you through staying compliant.
#UKLimitedCompany #BusinessSetup #TaxCompliance #CompanyFormation #Entrepreneurship
Use our free US/UK tax calculators: www.optimiseac...
Need to file UK or US tax returns? Let us know here www.optimiseac...
Transfer US$ and UK£ without the high commission and fees: www.currencies...
Book UK tax consultations: Use code RU-vid15 to get a 15% discount optimiseaccoun...
Get an US & International tax advice - Use code RU-vid15 to get a 15% discount: optimiseaccoun...
Get UK / US Property Investment Advice: optimiseaccoun...
US specific support
Open a UK or US bank account: wise.prf.hn/cl...
Apply for an Individual Tax Identification Number (ITIN): www.optimiseac...
File backdated US taxes to the IRS: www.optimiseac...
Get a Cost Segregation study on US Real Estate Property: zjf538.isrefer...
Set up a US LLC company: www.optimiseac...
Set up a US C Corporation: www.optimiseac...
Want reliable UK/US pension advice: planfirstwealt...
UK Specific
Set up a UK limited company: www.optimiseac...
Open a UK business and personal bank account and get £50: www.tide.co/pa...
Get a Stamp Duty (SDLT) refund: www.optimiseac...
Claim Capital Allowances on Furnished Holiday Lets (FHL): www.optimiseac...

Опубликовано:

25 авг 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 26

@UK-Property-Tax-Accountants Год назад

Request a call back: If you are looking for a new US or UK real estate property tax specialists contact us here: survey.zohopublic.com/zs/80zrXp

@UK-Property-Tax-Accountants Год назад

Need a buy to let mortgage? survey.zohopublic.com/zs/GuCCYx Corporation tax calculator www.optimiseaccountants.co.uk/what-is-a-uk-property-investment-company/uk-limited-company-corporation-tax-calculator/

@user-ms3cf3hc8i 6 месяцев назад

If I create a limited company with Ord A and Ord B shares at incorporation and adopted model articles, do I need to alter the articles of association to allow for differing dividend payments?

@UK-Property-Tax-Accountants 6 месяцев назад

Typically, model particles are not very good at putting in policies for dividend payouts with different share classes. However, the fact that you clearly have different share classes does allow you from legal point of view to differentiate the dividends that you pay out.

@syedaliahmedabidi4268 Месяц назад

Need Help! If application is reject for some reason the amount is refundable or not? Cause i’ve received email which mention the amount is automatically refund with in 24 hour it may takes upto 4 days please clearify this issue.

@UK-Property-Tax-Accountants Месяц назад

You are best to call them on +44 (0)303 1234 500

@paschaln9811 Год назад

Great video. My question is - Please how can I add a director (my spouse) as a director to my limited company? My spouse is currently a company secretary but I now want to make her a director to avoid me being a sole director. We are both equal shareholders.

@UK-Property-Tax-Accountants Год назад

Fill in this form and away you go. Best of luck with the business: www.gov.uk/government/publications/appoint-a-director-ap01

@UK-Property-Tax-Accountants Год назад

You might also want to read this www.companylawclub.co.uk/minutes-of-members-and-directors-decisions

@paschaln9811 Год назад

@@UK-Property-Tax-Accountants Many thanks - Much appreciated 👍

@UK-Property-Tax-Accountants Год назад

You are welcome 🙏

@desidesigning Год назад

Why is the system so complicated and counterintuitive?

@UK-Property-Tax-Accountants Год назад

To be honest setting up a limited company needs to be complex given the variables that need to exist to meet each individual’s needs. Get an expert to help us always my suggestion

@kingcarper6511 Месяц назад

Can I put my young children down as share holders and pay them dividends or is there a age limit thanks

@UK-Property-Tax-Accountants Месяц назад

Great question Paying dividends to minors would be taxable in the hands of the parent

@kingcarper6511 Месяц назад

@Simon-Misiewicz-US-UK-Taxes but if was yo put my partner then it would not be . ? Thanks

@fifijamaicankitchen 6 месяцев назад

I am an only child, single and have no children. My mum has passed away and my dad lives in the US. Therefore I do not have anyone to add as a Director or Shareholder if I were to create a limited company. Am I better off being a Sole Trader? What is the best way forward in my position?

@UK-Property-Tax-Accountants 6 месяцев назад

Speak to a good accountant to get advice on what tax structure to use 👍

@esmob4140 Год назад

If someone creates a new UK LTD company, and eventually they don't use it for trading for any reason, how easy is it to close the business?

@UK-Property-Tax-Accountants Год назад

If you do a Google search and look for DS0 one form, this allows you to close the business with a £10 administration charge

@ahmadsaleem8977 Год назад

Could You please Give a bit more Information about to close a company I just open a company and Bank Card as well but don’t use it for any business or trading after knowing you can’t do business on Student visa So now i want to close company and Bank account could you please help me 👏 and its will be affect on my visa if i will be apply again for study or work visa in Uk

@UK-Property-Tax-Accountants Год назад

@ahmadsaleem8977 Please book some time with an accountant to go through the best options for you. Please do not rely upon RU-vid advice for your specific case as mistakes can be easily made

@serenedives Год назад

I am srilankan.i have pvt ltd in srilanka.but im doing my own single director. I want to have a legal entity in uk. Wat is the best sole or pvt ltd

@UK-Property-Tax-Accountants Год назад

The answer to this question very much depends on your situation. I would certainly suggest that a tax consultation to discuss your specific situation will help identify the correct tax structure

@elzworl6588 Год назад

Thank you for uploading this video. However, I do have a question . I had formed a LLP with a friend that was a disaster. I’m now contemplating to now form a ltd instead where I’m the only one (less arguments and I know I’ll meet my deadlines on time) this leads to me what you said - it’s better not to be a sole director to at-least add a family member should any thing happen. Now if I add my mother as a shareholder would she then still have to be active within the business or do self assessment?

@UK-Property-Tax-Accountants Год назад

Having your mother as a shareholder could be a good idea for tax purposes. You could pay her money and if she earns less than you would pay less tax than you taking the money out of the company and giving it to her. She could not take an active role in the business if she is just a shareholder because she would also need to be big director for Banks and other legal matters