Tax Planning For New Companies
If you are a new company and just finished the company formation process, you may need a little assistance with tax planning.
Perhaps you are completely new to the whole taxation process. If you have never filed your own tax returns, the process can seem very difficult. In fact, there’s a lot of misinformation out there about how to do your taxes, and when they need to be finished.
If you are unsure of how to go about it, it’s always best to get some expert advice. There are a number of places you can go for correct, clear advice on taxes for your new company.
1. Call the tax office directly. If you can get a hold of someone in the tax office, ask them what forms you will need, when they are due, etc.
2. Call the newly self employed help line, if you are indeed self employed and need assistance with company taxes and NI payments.
3. Contact a solicitor or an accountant. Many can help you through the whole process for a small fee. You can even hire someone to be your company’s personal accountant if need be.
4. Hire a firm that specializes in tax help for companies. There are many out there, and some are invaluable with the knowledge and expertise they have to offer. Make sure to find one with a good reputation, and one that you feel you can trust.
Finally, remember that you should never put off taxes, especially if you are running a company. To do so could jeopardize the future of your business.
