Setting up a Limited Company.

Has anyone here set up a Limited Company? I’ve been quoted £140 per month by an accountant to basically do everything. It sounds a bit steep to me.

What do you actually have to do once the company is set up? I was slightly baffled with quarterly reports, forms etc that i’d have to do myself if i didn’t do it with them.

Any experience anyone?

1 reply

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    hackney-trainer - 12 May 2011, 10:12 pm

    The city Business Library do some free courses that might make things clearer for you see below or just go straight to their website http://www.cityoflondon.gov.uk/Corporation/LGNL_Services/Leisure_and_culture/Libraries/City_of_London_libraries/Events+at+City+Business+Library.htm also think the tax office do free workshop to let you know what returns your required to do etc. But basically that does sound like a steep quote!

    * 121 Tax advice: There are still some places left to see Vance Crawley of HMRC on Friday, 27th May (afternoon only); he is giving individual consultancy sessions on a wide range of tax topics, including:- Self Assessment for the Self Employed- PAYE for individuals and employers- The HMRC Construction Industry Scheme- How to set up a Limited CompanyIf you wish to file your tax return online, then you must bring the following; Tax Reference, ID Number and Password.Ring us to book your 30 minutes with Vance

    An introduction to company and partnership lawWednesday 18 May, 10 – 11.30amAre you about to start a new business? Is it going to be a company or a partnership? In this session, post-graduate students from the College of Law, Sian Glover and Oliver Jackson will cover: o the basics of company and partnership law o the pros and cons of the different company and partnership structures o getting started with the legal side of setting up your new businessThis session is part of the programme of free legal advice and information provided by the College of Law’s Moorgate Centre. The students are supervised by Stella Dunn, Moorgate’s Supervising Solicitor and Pro Bono Coordinator.Setting up a Limited CompanyThursday 19 May, 2.15 – 4.15pmIn partnership with City Business Library, Her Majesty’s Revenue & Customs staff will look at the tax implications of setting up a limited company in the UK.

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