Pay Less Tax
LTDs pay an income tax of just 20 % (Corporation Tax). At higher income thresholds, the company pays less tax than a self-employed individual.
If the company goes bankrupt, someone files a lawsuit or you accumulate debt, you don’t risk losing anything but the companies assets.
The companies founded in the UK get aid from the government in form of grants, low interest credits and other types of benefits and assistance.
Questions You May Want to Ask
What should I choose: LLP/LTD or sole trader?
Both the LTD and LLP have their advantages and disadvantages. (This isn’t a subject that we can explain in 3-4 sentences). The best course of action is to phone us or leave your contacts below. We will gladly answer all your questions.
Can I do incorporation myself?
Usually inexperienced entrepreneurs don’t have the necessary experience to determine the optimal structure for their needs. Also if you plan to form a LTD you will need the memorandums and some other papers which we have available for all our clients.
Why should I form a company with Taxace?
✅ We are accredited by the Companies House and have an excellent track record of incorporation for hundreds of companies.
✅ Right from the start you get high end consulting that will help avoid lot of accounting and taxation mistakes.
✅ You will have a priority in receiving our accounting services from here on out
New Company in Three Steps
You have to decide first what kind of company you want to form – LTD, LLP or other entity. 90% of the time we recommend incorporation as LTD
Choose a company name and we will check if it is available.
If it is then we are going to need your passport and for you to make a payment. In three hours you will have a registered company.
Opportunity to Open a Business Bank Account
TIDE is a digital bank that offers multiple benefits:
– possibility to issue invoices directly from the app
– automated categorisation of business expenses
– up to 25 cards for team members
– no monthly charge
– easy onboarding with no need for interviews and paperwork
– possibility to add extra accounts (for ex. savings, taxes, etc)
– automated integration with XERO accounting software
If you open a business account using our help, you get all that plus two extra benefits:
– Your transfer fees are waived for the first year
– You are placed in the priority queue when applying for a business account.
In Clients' Words
I very much appreciate the professionalism that your team shown when dealing with different issues. You’ve been very receptive in helping with my request, last year! I will call again and will recommend to others. Thank You!
I am in the UK since 2011 and from the very first step here, TaxAce team was alongside me and helped me get necessary documents, a job and find rent. I’ve brought my family in here, then they helped me to buy my first house. All in all, they did much more for me than a […]
I’m a TaxAce customer since 2007 and never had a single thought to switch over to another accountant. I always get an outstanding level of service, along with a very professional approach, quick turnaround and respect. I’ve got helpful, timely advice whenever I had a challenge in my business. In 2013 I formed a company […]
I started working with Taxace a year and a half ago and have to say I am very happy with the accounting services they provided for me and my company. Friendly team, high class professionals, they helped me a lot with establishing my business and I am really amazed of their availability to answer my […]
Professional staff with a lot of respect and patience for their clients, very helpful and eager to advise on the best available options.
I was very pleased with the level of service I received from Taxace, they helped me successfully overcome the issues that I experienced at the time…
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