Business Start-Up
Although we are aware that it is also a highly hectic time, starting a business is a really exciting moment.
You will undoubtedly have goals and plans in place, but you might not be aware of all the associated financial considerations.
We can help you throughout your journey, looking at:
● Forming your company – deciding your company type is important, our team will help decide whether a sole trader, partnership or limited company is best for you. We will consider and advise the taxes and liabilities you may owe before making this decision
● Make sure you are set-up and registered with HMRC for all the right things, such as VAT and Payroll
● Help set-up your business bank account
● Company secretarial duties
Our tax services make sure that your tax liability is calculated taking into account all allowed exemptions and deductions. We simplify the process by using accountancy software to accurately complete tax returns and calculate any tax liability that may occur, along with any payments that need to be made.
Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions.
In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.
You may be looking at investments, a second property or another asset and our team can make sure you maximise your exemptions while simplifying the difficult area of capital gains tax.
We can help walk you through the complicated subject of personal taxation. It can be challenging to grasp, therefore we can assist you at every step of the way, by developing a tax planning approach that works for your personal situation. This helps ensure you pay the least amount of tax as well as eliminating your worry and wasted time. Our team will provide guidance on when payments are due in addition to what paperwork must be submitted in order to maintain compliance.
Featherstone Hill provide the following key services.
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Latest news from Featherstone Hill
From 7 April 2025, families receiving Child Benefit will see an increase in their payments. HM Revenue and Customs (HMRC) has announced that the weekly rate will rise to £26.05 for the eldest or only child and £17.25 for each additional child. This means an annual payment of £1,354.60 for the first child and £897 for each subsequent child. These payments, usually made every four weeks, are automatically into claimants’ bank accounts.
The UK Government is currently considering its response to the ‘reciprocal tariffs’ announced by the US President Donald Trump on 2 April.
From 1 May 2025, all B2B (business to business) parcels travelling from Great Britain to Northern Ireland will need to have information submitted onto the Customs Declaration Service.
The government has announced a £20 million package that will help community land trusts, housing cooperatives and other community groups to build over 2,500 new homes in the next 10 years.
The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement last week in which she outlined the government’s economic plans, including spending decisions, tax policies and efforts to boost growth while managing public finances.
The new National Living Wage and National Minimum Wage rates will come into force from 1 April 2025.
As part of the changes being gradually introduced by the Economic Crime and Corporate Transparency Act (ECCT), identity verification is set to become a Companies House requirement.
The Bank of England held its regular meeting to discuss interest rates last Thursday.
Action Fraud has received over 30 crime reports since June 2023 relating to remote access scams targeting businesses, with victims reporting losses totalling over £3.8 million.
Google have launched AI (Artificial Intelligence) focused online training for people and businesses to help capture the benefits of AI, whether it’s to save time, get a new job, or grow your business.
The Chancellor of the Exchequer, Jeremy Hunt, has confirmed that the Autumn Statement will be on 22 November 2023. The Autumn Statement can affect tax policy, benefits, and much more. The Chancellor will make his announcement to Parliament, setting out the Government’s plans on all matters fiscal and economic. Interestingly, this could be the Chancellor’s last statement before the next General Election, depending on the time frame that the government chooses.
The Information Commissioner's Office (ICO) has produced guidance on biometric data and biometric technologies.
The AI Safety Summit will take place on the 1st and 2nd November at Bletchley Park.
Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole. The development of new ideas, processes, and technologies and their flow across different sectors is a significant driver of economic growth and productivity. Recently, innovation has also been identified as crucial to the transition of the economy away from fossil fuels and carbon-intensive business activities.