We offer a full range of accountancy services for creative freelancers and creative agencies.
We can help you complete and submit your accounts and tax returns to Companies House and HM Revenue and Customs
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Being able to understand accounting terms and accounting concepts will help you in your business in the short term and the long term. You need to be able to understand the financial health of your company from its financial statements and the annual reports. These reports will help you see where your company is now and where it will be in future.
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You need to register for VAT when the sales for your business goes above £85,000 for any 12-month period. You can choose to register before you get to that amount if you want to, this is called a voluntary registration.
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One of the first things to do is to obviously register your company. A limited company is a separate legal person to yourself. It can sign contracts and enter in to agreements. If the company fails and has to close you are largely protected from any losses.
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You need to have a business bank account if you are the owner of a limited company. The limited company is a separate legal person to you. It can agree contracts, buy and sell things. The company needs to have its own bank account.
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