General Queries

Should I set up a limited company or should I stay as self-employed?

This is a very individual choice, and each case needs to be looked at on its own merits.  There is…

This is a very individual choice, and each case needs to be looked at on its own merits.  There is no “one size fits all” option, and it is always best to speak to a professional and explain your circumstances to understand which is the best option, and why.

Posted 7 months agoby nlipsonandco

How can I better manage my cash flow?

As a business owner, one of your main goals is to maintain a healthy cashflow.  We will help you understand…

As a business owner, one of your main goals is to maintain a healthy cashflow.  We will help you understand and improve your cashflow and help you plan for the future.

Posted 7 months agoby nlipsonandco

How do you ensure documents are sent safely?

We have a secure online portal to enable clients to upload documents.

We have a secure online portal to enable clients to upload documents.

Posted 7 months agoby nlipsonandco

How do I find my National Insurance (NI) and my Unique tax Reference (UTR) number?

If you have received any letters from HMRC, this can usually find on top of the letter.  Failing that, you…

If you have received any letters from HMRC, this can usually find on top of the letter.  Failing that, you would need to call HMRC and request this.  Please be aware that for security purposes, the details will only be provided in writing.

Posted 7 months agoby nlipsonandco

When do I have to pay my tax?

For companies it is 9 months after the year end date.  For example, if your year end is March, the…

For companies it is 9 months after the year end date.  For example, if your year end is March, the company will pay its corporation tax by 31 December of that year.

For many Individuals, there are 2 payments in every year being by 31 January and 31 July of each year.  This is only relevant if you meet the necessary criteria to make payments on account.

Posted 7 months agoby nlipsonandco

How can you help me grow my business?

We have clients in many industries, and can teach you what we have learnt over the years, and can help…

We have clients in many industries, and can teach you what we have learnt over the years, and can help steer you in the right direction, and give you some good advice, with a fresh perspective.

Posted 7 months agoby nlipsonandco

What business expenses can I deduct?

HMRC’s guidance states anything that you incur which is wholly and exclusively for the use of your business.  This will…

HMRC’s guidance states anything that you incur which is wholly and exclusively for the use of your business.  This will depend on your business, but generally speaking, it will include travel expenses, materials purchased, repairs and renewals, insurances, professional subscriptions telephone and internet costs.

Posted 8 months agoby nlipsonandco

What records shall I keep?

Bank statements, purchase invoices, sales invoices, receipts, tax related documents, accounts, payslips or statement earnings and any payroll records, contracts,…

Bank statements, purchase invoices, sales invoices, receipts, tax related documents, accounts, payslips or statement earnings and any payroll records, contracts, registers.  These can be kept in paper or digitally on a computer.

Paper and digital records.

Posted 8 months agoby nlipsonandco

When will my tax return be completed?

Once we have received all of your information, it will usually take between 2 to 3 weeks.

Once we have received all of your information, it will usually take between 2 to 3 weeks.

Posted 8 months agoby nlipsonandco

When will my company accounts be completed?

As long as we have all the information required, it will usually take between 3 to 4 weeks.

As long as we have all the information required, it will usually take between 3 to 4 weeks.

Posted 8 months agoby nlipsonandco

Contact Us

Lipson & Co
88 North Street
Hornchurch
Essex
RM11 1SR
 
01708 300410

This email address is being protected from spambots. You need JavaScript enabled to view it.
www.lipsonandco.com

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