Company structures inc basic accounting, tax and VAT

An insightful session covering everything you need to know when it comes to Company structures including basic accounting, tax and VAT.

The workshop will cover:

Company Structures

• Limited by shares
• Limited by guarantee
• Partnership
• Sole trader
• LLP
• LLC

Basic Accounting

• What is the legal requirement?

Types of accounting records

• Paper
• Spreadsheet
• Software package
• Cloud

Proportionate for the need

Features of software

• Bank import/reconciliation
• Management of Debtors (customer) ledger
• Management of Creditors (supplier) ledger
• VAT returns

Taxes

• Income tax, VAT, payroll taxes, overseas filings
• Income tax filings – deadlines, information required, fines
• VAT – threshold, registration timelines, filing of returns, penalties, new 5% VAT rules
• Payroll – registration, record keeping, payment of tax and NI, Sub contractors, penalties
• Overseas – taxes (UK and other), VAT