Accountancy and Tax Considerations – Module Overview
During this module we’ll provide a high-level overview of the key issues you should be aware of with respect to living and setting up a business in the United Kingdom. The UK encompasses a highly regulated environment and it is important to be able to navigate its various requirements. The elements that will be covered relate to the following:
- content from an individual’s perspective, including personal tax and related areas
- content relating to setting-up a limited company in the UK and compliance requirements, including details on the various business taxes for consideration
- content relating to effective financial management of a company and business.
Personal
- Domicile & Residence
- Notification of arrival / residency in the UK
- Tax on income
- Tax on capital gains
- Tax on wealth
- National Insurance
- Financial planning
- Reporting and record keeping
- Fines & penalties
Business (using Limited Company)
- Registrations
- Insurances
- Payroll tax
- VAT (“Value Added Tax”)
- Corporation Tax
- Companies House requirements
- HMRC requirements
- Impact of non-compliance
- SEIS/ EIS
- EMI
- R&D Tax Credits
Financial management
- Types of finance/ availability
- Record keeping
- Budgeting & forecasting
- Cash flow management
- Tax considerations
- Management information
- Financial Statements
- Solvency
Module Leads
Edward Emblem
Private client tax services
Edward has almost 20 years’ experience of providing advice on a wide variety of tax matters to families, high-net-worth individuals and international clients.
His specialism is in the field of international private client tax. He advises non-doms on offshore/onshore structuring and planning, co-ordinating multi-jurisdictional advice and has considerable experience in advising on the taxation of offshore trusts.
Claire Perrett
Business Tax Services, Business tax
Claire’s areas of expertise lies in owner-managed business’ taxation; tax-efficient structuring; professional practices, property and not for profit sectors.
Claire has over 20 years’ experience advising owners and their businesses on their tax affairs. She was Big Four-trained and her experience covers all types of business tax issues, from compliance to planning.
Shamiala Zahir
Business Outsourcing Services
Shamiala is part of the business outsourcing group, providing services to a wide range of clients, ranging from sole proprietors, entrepreneurs & scale-ups through to internationally owned UK companies.
The services covered include: Unaudited statutory accounts, VAT, Bookkeeping, Management accounts, Accounting software advice, Budgeting, Cash flows, Forecasting, Payroll, Company secretarial services and related services
