Who we help:
We can help you from day one by looking at your cashflow position, which is one of the most important factors for any new business; by helping you to find the best bookkeeping system for your business and by discussing your options for the best tax savings available.
Are you already trading or considering starting a business as a sole trader? Adam & Co Accountants can help as we are a ‘one-stop-shop’ for accountancy services and tax advice for small businesses and self-employed individuals.
Whether you are venturing into a new partnership or are already established At Adam & Co Accountants, we have dedicated accountants who can help your partnership business with all of your tax and accountancy needs.
A limited company is a distinct legal entity that is able to enter into contracts in its own name. The fact that the company is a separate legal entity from its owners is very important as it means that all the company’s liabilities are the responsibility of the company – not that of the directors and shareholders.
Adam & Co Accountants are ideally positioned to make life simple for you by helping you with your accountancy and tax requirements as a contractor.
We work with numerous contractors and are equipped to deal with your needs efficiently. By making sure we are always up to date with any changes to the CIS regulations we can notify our clients quickly of any changes that may affect them.
If you receive rental income that exceeds your total expenses, allowances and reliefs, then you are required to pay tax on this income by submitting a tax return. If your rental property generates a loss, you may want to voluntarily disclose it because this allows you to make use of the loss in the future should the property turn profitable.
Selling your business
Companies need to be running smoothly if you are going to sell them, so planning well in advance to get the company organised, efficient and running to its maximum will help the company to sell easily.
As an employee you tend to meet all of your responsibilities to the UK tax regime using the PAYE system, but there can be instances when submitting a tax return can be the best move for reducing the amount of tax you have to pay or because you are obliged to under HMRC rules.