Established in 2011, JWD Accounting and Tax Services provides accounting, tax and payroll services to individuals, sole traders, partnerships and limited companies. We aim to provide a service that removes the ongoing burden and responsibility of accounting and tax from individuals and businesses, and allows them to focus on the day-to-day running of their business.
We provide services to a wide range of clients throughout the UK and are happy to work with clients of any size, operating in any sector. We have a wide and varied experience and knowledge of all the services provided and work closely with our clients to match our services to their needs. We aim to provide all of our services to our clients at a reasonable cost.
We provide services to a wide range of clients throughout the UK and are happy to work with clients of any size, operating in any sector. We have a wide and varied experience and knowledge of all the services provided and work closely with our clients to match our services to their needs. We aim to provide all of our services to our clients at a reasonable cost.
Services
A private limited company is a separate legal entity set up to run your business. The company must be incorporated at Companies House and have at least one director and one shareholder. The company is usually limited by shares but can also be limtied by guarantee. After you have set up your private limited company, there are many responsibilities that come with being a company director and running a limited company.
As a sole trader you will be required to register as self employed with HMRC and file a self assessment tax return every year. In order to complete your self assessment tax return accurately, you will have to keep a record of all of your income and expenditure during the year. Depending on your business, you may also have other obligations as a sole trader such as registering as an employer or registering for VAT.
A partnership is similar to a sole trader business but involves two or more people owning and running the business. To set up a partnership you will have to choose a name, a nominated partner and register with HMRC as a partnership. Each partner will also have to register for self assessment with HMRC and the partnership may also have to register for VAT or as an employer.
If you are registered for self assessment, you will have to submit your self assessment tax return to HMRC each year. There are various circumstances that will require you to register for self assessment including: self-employment, being a company director, having savings and investment income, having property income, having overseas income or having capital gains tax to pay.
If your VAT taxable turnover is more than the 85,000 registration threshold over the last 12 months, you have to register for VAT. Furthermore, you have to register for VAT if you expect your VAT taxable turnover to go above the threshold in the next 30 days alone. You are also required to register for VAT if you take over a VAT registered business as a going concern.
Reviews
Be the first to review J W D Accounting & Tax Services.
Write a Review
