Lightwork Accounting Eastleigh

023 8111 2241  stephen@lightworkaccountingltd.co.uk

Professional support for

START-UP BUSINESSES

We can provide expert assistance for all the steps involved with launching a new business.

From initial setup of your business’s structure, to account creation and beyond.

SOLE TRADER OR LIMITED COMPANY?

Choose whether to set up as a sole trader or a limited company is a key decision for a new business.

As two of the most common legal structures, there are some important differences that you’ll need to consider. Which option you choose will have an impact on your admin and tax responsibilities amongst other things.

SOLE TRADER

As a sole trader you need to register for self-assessment, we can help with the registration, prepare the accounts and file the self-assessment return, along with unlimited support throughout your journey. We will advise you on tax efficiency options to maximise your profits.

LIMITED COMPANY

As a limited company you will need to register with both HMRC and Companies House. You will then need to file accounts and various tax returns to HMRC. Depending on the structure of the company we will explain the tax system that is relevant to you. Such as PAYE and income tax on salary and benefits, to the Company’s VAT set up.

TALK TO AN EXPERT

If you have a question regarding any of the services we provide, 
or for all other enquiries, please get in touch with our team.

We look forward to hearing from you.