FAQs

FAQs

FREQUENTLY ASKED QUESTIONS

Should my business volunteer to register from day one for VAT, what are the advantages/disadvantages?

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At what point should I consider incorporating my sole trader business into a limited company?

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What are the legal implications of registering my business as a limited company?

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How is a partnership different to an LLP?

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I need to start employing staff, what are my legal responsibilities and how do I register for a PAYE scheme with HMRC?

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Is it possible to appoint my wife/husband as a director/shareholder in my company?

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Which expenses qualify for tax relief against my business income?

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What tax treatment is applied to a company dividend and how is it different to the salary I take each month?

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