For Business

latest

starting a business

According to official statistics the UK private sector currently comprises some 3.7 million business enterprises. Of these around 1.4 million are limited companies and the rest are sole traders or partnerships..

already in business

By preparing the following documents for you, we can help you comply with Company Law and HM Revenue & Customs.

individuals

We can prepare your self-assessment tax return for you and ensure that all the reliefs and allowances you are eligible for are applied.

non-profit making

B20 Ltd are conversant with the rules and regulations applying to the preparation and examination of the Accounts of Charities and non-profit making organisations, e.g. sports clubs.

VAT Registration

VAT Registration is compulsory when annual turnover exceeds £60,000, so it is wise to start monitoring the results as soon as you start invoicing regularly over £5,000 per month.

Voluntary Registration however can benefit cash-flow if you think your customers will be VAT registered. They will not mind being charged VAT and you will be able to reclaim the VAT you have to pay, eg on your computers, vans, rent, etcetera.

Contact us to discuss which scheme, including the flat rate schemes, would suit your business.

For a copy of HMCEs VAT registration application form – click here