Limited Company advice

[Benjamin Blundell]

Hello all. As some of you may know, I've moved my self employed work to a proper limited company as of early this year and I'm wondering about tax, paying myself and what have you. Im wondering if, aside from citizens advice, is there anywhere I can go to get some good advice on legal issues around money and what not? I believe the British Library has a business centre thing going on. Thats my front runner atm.

Cheers

Ben

[Jon Fautley]

If you've never run a company before, get an accountant. It'll save
you a whole load of work/hassle/potential legal problems in the
future.

(Don't know what line of work you're in, but I'm an IT contractor so
if you have any questions that I may be able to help with, drop me a
mail offlist)

Cheers

Jon

[Russ Garrett]

On 24 July 2012 16:32, Benjamin Blundell <onid...@gmail.com> wrote:

I can probably answer most of your questions, but I'd second Jon's
recommendation - certainly if you're paying your main incomine from
this company it's definitely worth getting an accountant.

(Paul from http://www.proactive.uk.net/ is awesome, good value, and he
does the Hackspace tax for free so I'm totally not biased.)

--
Russ Garrett
ru...@garrett.co.uk

[Adrian Godwin]

The inland revenue run workshops - free and quite useful (though that might depend on the tutor)

[alan hodes]

+1 for an accountant. British business library is also a good resource, you should also look at business link London website - although business link has ceased to operate, the online resource still remains and is a truly remarkably rich resource for business information, ideas, templates etc. let me know if you want any recommendations for legal/accountancy help. I know some that are startup friendly and even consider helping you off the mark in return for a small equity stake.

Alan Hodes
ioWorld
@alanhodes

[Benjamin Blundell]

Thanks guys! At the moment, its just a small pet project that requires some legal cover as I do build things that are in the public domain at times. The turnover probably wont  be enough to be a primary income source, at least initially. Thanks for all the headsup though - I'll look into an accountant and check out these places.

B

[Billy]

East London Small Business Centre, is a short hop from the hackspace.
Needs booking for the appointments, but some good advice.


From the Inland Revenue, side of things try contacting the Business
Support Team. They're the bunch that organise the training courses
that show you how to do your tax.

They give you more help if you're running a company, rather than self-
employed.

And no matter how friendly and helpful they are... They're still part
of the Inland Revenue. So watch what you say...

On Jul 25, 9:43 am, Benjamin Blundell <onida...@gmail.com> wrote:
> Thanks guys! At the moment, its just a small pet project that requires some
> legal cover as I do build things that are in the public domain at times.
> The turnover probably wont  be enough to be a primary income source, at
> least initially. Thanks for all the headsup though - I'll look into an
> accountant and check out these places.
>
> B
>

> On 25 July 2012 08:06, alan hodes <alanhod...@gmail.com> wrote:
>
> > +1 for an accountant. British business library is also a good resource,
> > you should also look at business link London website - although business
> > link has ceased to operate, the online resource still remains and is a
> > truly remarkably rich resource for business information, ideas, templates
> > etc. let me know if you want any recommendations for legal/accountancy
> > help. I know some that are startup friendly and even consider helping you
> > off the mark in return for a small equity stake.
>
> > Alan Hodes
> > ioWorld
> > @alanhodes

[Clare Greenhalgh]

I have to also recommend an accountant, and also the British Library is brilliant. I am also here to come to for advice. Remember the company owes you personally for expenses such as travel to meet clients, food and drink when you meet them/are out on a job etc etc. 

An accountant will guide you in all of these things too.

Have fun!

Clare

--