We’re here to help you better your business.
What did you come to London Accountants for?
“We came seeking expert management and advice in relation to accounting and finance. Jez and his team are alway very efficient, responsive and clear which is what you need with an accountant. They help me make sure that everything is in order within my business and have saved me a significant amount of money."
Deciding to become a limited company or remain self-employed in the UK involves factors like liability, taxes, credibility, growth plans, administrative burden, and privacy. Limited companies offer more liability protection and investment opportunities but come with stricter administrative requirements. Self-employment has less paperwork but lacks certain benefits. Consult with a professional like me as it is crucial for an informed decision based on your business’s needs and goals.
In the UK, osteopathy services are generally exempt from Value Added Tax (VAT). This means that most osteopathy businesses do not need to charge VAT on their services, and they also cannot claim back VAT on their business expenses. However, there might be exceptions or specific circumstances that could affect whether VAT applies to an osteopathy business, so I’d recommended to consult with myself, who can provide tailored advice based on the business’s individual situation.
A UTR number (Unique Taxpayer Reference) is a unique 10-digit number issued by HMRC. It is assigned to individuals and entities, including individuals who are self-employed, companies, and partnerships, to identify them for tax purposes.
The UTR number is a crucial piece of information for anyone required to file a Self Assessment tax return, as it helps HMRC to track and manage their tax affairs. If you are self-employed, a director of a company, or have other sources of income that require you to file a Self Assessment tax return, you will need a UTR number.