Additional services

New company formation & advice

If you would like to set up a new business, Newsham & Co will make the process as hassle free as possible.

 

First contact us to arrange a free initial consultation to discuss your business plans and make you aware of what is involved when you operate your business through a Limited Company.  We will also talk about the pros and cons of running a Limited Company versus operating as a sole trader, partnership or LLP.

 

There is a lot to consider, but we are here to help guide you through the process.  If you decide to go the Limited Company route, we can do all the formation paperwork for you, all you have to do is decide on a name!

 

Newsham & Co will form the Limited Company direct with Companies House and then register your business with HMRC for:

  • Corporation Tax
  • PAYE if applicable
  • VAT if applicable
  • CIS if applicable (for certain businesses in the construction sector)

 

We will also discuss with you the best ways of organising your paperwork and financial records.

 

Tax planning

Whatever form your business takes, we will work with you to help ensure maximum benefit can be gained from the tax system. Often, taking early advice can lead to the biggest tax planning advantages, and the type of regular contact our clients have directly with the directors of Newsham & Co can readily facilitate this. Our clients tell us time and again, the level of personal contact to obtain regular professional advice is one of the main attractions of using a firm such as Newsham & Co.

 

Of course we will also help you to understand what your tax liabilities are and assist in planning for their payment.

 

Financial planning

Many businesses operate day to day without any financial plan. For some this may be fine, but for others, for both internal and external reasons, a requirement to have a sound financial plan can be essential. This might be to ensure the company will be profitable, and highlight the decisions that need to be made if it isn't. It might be to set targets for the business to aim for. Or, it could be due to a request from the bank to assist with obtaining a business loan or overdraft.

 

Whatever the reason for requiring a financial plan, Newsham & Co can help, including liaising directly with banks and funders on your behalf.

Liaising with HMRC

We understand that many of our clients either do not feel confident, or simply do not wish to deal with HMRC preferring to leave such matters to trained professionals. Newsham & Co has "agent status" with HMRC, meaning that we can deal with all matters relating to tax directly with HMRC on our clients' behalf.

 

For further information about our other services please see:

Tax returns and tax advice

Accounting services

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© Newsham & Co | Newsham & Co is the trading name of Newsham & Co Ltd | Registered in England No. 6895508 | Registered Office 11 Allanhall Way, Kirk Ella, Hull, HU10 7QU