130625 icaew for printing nep talk

114 views

Published on

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
114
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

130625 icaew for printing nep talk

  1. 1. TYPICAL INITIAL MEETING
  2. 2. BUSINESS STRUCTURES AVAILABLE • Limited Company • LLP • Partnership • Sole Trader
  3. 3. COMMERCIAL ADVANTAGES OF EACH STRUCTURE
  4. 4. TAX CONSEQUENCES OF EACH STRUCTURE • Corporation Tax • Income Tax • NIC • VAT
  5. 5. RECORD KEEPING REQUIREMENTS
  6. 6. RECORD KEEPING OPTIONS • Software • Cloud Based • Excel • Paper
  7. 7. GOVERNMENT FILING REQUIREMENTS AND DEADLINES • What Do You Have To File • When Do You File It
  8. 8. HOW YOU GET PAID – REMUNERATION STRUCTURE • Salary • Dividends • Drawings
  9. 9. WHAT CAN YOU CLAIM – EXPENSES RULES FOR COMMON PROBLEM AREAS • Motor • Subsistence • Use of Home
  10. 10. FINANCE • Own Funds • Bank Loan • Bank Overdraft • Sales Invoice Finance o Factoring o Invoice Discounting
  11. 11. ORGANISATIONAL STRUCTURE • What Are Your Strengths? • How Will You Exploit These? • What Other People Do You Need For Mission Critical Roles? • Can You Outsource Any Tasks? o Accounting? o Payroll? o HR? o Health & Safety?
  12. 12. OTHER ISSUES • Pensions • Insurances Needed o Public Liability o Employers Liability o Professional Indemnity o Goods in Transit o Directors and Officers • Health Insurance • Critical Illness Cover • Income Protection

×