Running a payroll system is an important part of running any limited company that has employees, ensuring that they are paid the correct amount at the correct time. Your company’s payroll system will form an important part of regular management and administration, as part of your Pay As You Earn (PAYE) scheme. There are a number of different methods used to successfully run the system, and it is important to choose one which matches not only your company’s needs but also your personal experience and expertise. …
Company Formations Tips & Articles
News and articles from our business planning and start-up experts
10th January 2012 by NickWis
Reclaiming VAT on transactions prior to VAT registration
One of the important considerations when setting up a company is whether you need to be registered for VAT. Sometimes the decision can be forced as the company reaches the compulsory registration threshold, or alternatively a company may voluntarily register. Either way, there is a chance that the decision will not be immediate; the company may trade or make some transactions before VAT registration is completed. …
5th January 2012 by NickWis
Do I have to pay a dividend?
Many of the common questions asked after setting up a company revolve around how the members of the company will be paid; the reward for their investment of time or money into the company. The particularly common issue focuses on dividends, and whether there is a necessity to pay them. …
3rd January 2012 by NickWis
What is a service contract?
When setting up a company, you may decide that the directors appointed should be made employees of the company, in addition to holding their office. When making a director an employee, it is commonplace to issue them with a service contract, helping to highlight their rights, entitlements, duties, and obligations in the position that they hold. There are a number of different factors that need to be considered when entering into a service contract, discussed here. …
1st January 2012 by NickWis
New Year’s Resolution – Start a Business
Happy New Year from Wisteria Formations!
We hope you have had an enjoyable festive periood, and are looking forward to a propserous 2012!
Traditionally, the New Year is a time where people will make resolutions: to change, to improve, to grow and to take a chance. For many, this opportunity comes in the form of starting their own business and being their own boss.
Setting up a company couldn’t be easier with our 10-step application process, with the limited company one of the most popular vessels through which to operate a small business. This structure of business offers you the benefits of a separate legal identity, and therefore limited liability. This simply means that as the owner, you are only liable for your investment in shares – your personal assets are completely separate and protected if you act legally.
In addition, the limited company could provide an opportunity to turn your hobby into a career; or a chance to grow your sole trader business. Many people associate this structure with size, prestige, image and reliability. Company formation can often be seen as the possibility to take your business to the next level.
So if you’re looking for a new path for your business, or want to take the start-up chance, then make company formation your New Year’s Resolution.
Wishing you a successful 2012!
The Wisteria Formations Team
If you have any questions, please feel free to contact our customer support team on 0844 893 0808 or formations@wisteria.co.uk
23rd December 2011 by NickWis
Wisteria Formations – Holiday Period Service
Thank You for visiting us at Wisteria Formations.
We would like to use this opportunity yo wish you an enjoyable festive period.
Please note that between the dates of Friday 23rd December 2011 and Tuesday 3rd January 2012, Wisteria Formations will be operating a limited company formation service. During this time, Companies House are also offering a reducer service, and therefore response times should be expected to be much slower.
In the even of an urgent enquiry, please contact Andrew Millet on amillet@wisteria.co.uk
Sorry for any inconvenience to your company registration experience, and wishing you a prosperous New Year.
Kind Regards,
The Wisteria Formations Team
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22nd December 2011 by NickWis
Set Up Company Bank Account: Identification Requirements
It is recommended that all new private limited companies in the UK open a new, separate bank account upon incorporation. It is suggested that you open a bank account for your newly set up company for the main reason that it will help the directors of the company to fulfil one of their statutory duties: protecting the assets of the company. …
21st December 2011 by NickWis
The role of a Director
When setting up a company you must decide who is going to be director of the company. The role of a director takes the form of the managerial body of the company. They deal with the company on a daily basis and deal with third parties. The director will usually act on behalf of the company. …
20th December 2011 by NickWis
What is a joint venture?
A joint venture is a term that you have probably heard used quite a lot in a business context, but have possibly been previously unsure of its meaning. In this piece, we look to explain what the term joint venture means in a business context, and how this can be related to the process of company registration. It is important to understand that a joint venture may apply to a number of different contexts, though we will focus on the commercial aspect. …
ALL THIS FOR
£24.99
- Limited company
- Electronic Memorandum & Articles of Association
- Electronic certificate of incorporation
- Electronic company register
- Bank account (if you need)
- Free consultation with a tax advisor or chartered accountant
