Company formations.
We are a firm of experienced Chartered Tax Advisers and Accountants based in central London. Our focus is on working with individuals and small businesses; helping our clients by providing a clear, expert and affordable service covering all areas of UK accounting and tax compliance.
Forming a company can be beneficial
but it does create additional administration.
Depending on the nature of your business and individual circumstances there can be some benefits to forming a company. But care is required as a company can easily mean increased administration or duties as a director and is not always appropriate.
Increased tax efficiency
It can be more tax efficient to operate through a company than as a sole trader. Also a company can provide more flexibility on how a shareholder may be paid e.g. through a combination of salary and dividends. Dividends are paid out of company profits after tax and attract lower tax rates than income tax. There also tends to be a wider range of tax deductible expenses and allowances available to companies versus individuals.
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Protection of personal assets
Operating as a limited liability company means the company operates as a separate legal entity. This typically means that as a shareholder you are not personally liable for business losses. With some exceptions e.g. personal guarantees etc, this allows personal assets to be protected in the event that a company runs into financial difficulties or becomes insolvent. This differs from a sole trader who is personally liable for any business debts and losses..
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Credibility and access to finance
Limited companies operate under tighter legal controls and have to provide more financial transparency than sole traders. This can help with access to finance and or credit for your business from financial institutions or suppliers. Operating as a company can encourage more credibility and trust from suppliers and potential customers. A company can also be useful when planning business continuity or expansion.
"The team at Boxwood have managed my personal tax return preparation and filing since 2016 and I have found them really helpful and approachable. They are always available to answer any questions and I would have no hesitation is recommending them."
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Hans-Werner at
Deutsche-Hypo Bank
Why not get some expert help with your accounting and tax?
You'll be surprised at how easy and affordable it is
to get the support you need.
How we can help
Whether you are currently operating as a sole trader and are thinking about incorporating or launching a new business, we offer a comprehensive company registration service.
Registration of the new company
We can help you decide if a company is right for your business. If so, then we can prepare all of the required documentation and file with Companies House to register the new company.
Maintenance of company registers
Companies are required to maintain certain registers e.g. Register of Members. We can manage this process and help ensure that everything is up-to-date.
Ongoing filings with Companies House
In addition, we can also take care of all on-going filing requirements that may arise e.g. the annual Confirmation Statement, changes in directors, persons with significant control etc.
HMRC & PAYE registration
Depending on your requirements we can also help ensure that your company is correctly registered with HMRC for corporation tax, VAT and (if required) PAYE.
We offer a completely complimentary initial consultation.
Why not give one of the team a call today to get
answers to any questions you may have.
WHAT PEOPLE SAY
"Boxwood have been our accountants for a number of years and provide us with advice and support. We have always found the team helpful and professional. They are always available to chat through any questions we may have and we no longer worry about getting our tax filed on time.
John at Bentley Consultancy Services Ltd
"The team at Boxwood have managed my personal tax return preparation and filing since 2016 and I have found them really helpful and approachable. They are always available to answer any questions and I would have no hesitation is recommending them."
Hans-Werner at
Deutsche-Hypo Bank
"The team at Boxwood have been our accountants since 2014 and have always been helpful and proactive. They help us with our VAT, payroll and year-end filings. They always remind us when there is an approaching deadline and we no longer have to worry about our accounting and tax."
Karen at Chomp
Creative Ltd
Why should you choose us?
Keeping on top of your accounting and complying with tax legislation can be overwhelming. Partnering with the right accountants and tax advisers will make a real difference; saving time, money and worry and allowing you to focus on growing your business with peace of mind.
1
Chartered
Tax Advisers
We are fully qualified Chartered Tax Advisers & Accountants and we can provide expert advice & guidance
2
Complimentary
Consultation
We provide a completely free initial consultation, allowing you time to chat through any questions you may have
3
Competitive
Fixed Pricing
We operate on a fixed fee basis which is agreed in advance and there are absolutely no hidden costs
4
Small Business
Expertise
We have a long and established history of providing advice and support to small businesses.