Yes. If you decide to join Goodwille, one of our Financial Controllers will help set up and implement financial processes for you.
Yes, as many accounting systems are available globally. That said, most of our clients see the benefits of finances being done locally, by Goodwille.
You should start accounting for VAT once you have started the registration process. Once the VAT number has been issued by HMRC, VAT invoices should be issued out to customers.
Annual accounts need to be filed 9 months after your company’s financial year-end and any corporation tax must be paid 9 months and 1 day after the accounting period ends.
Three factors determine whether you need an audit; annual turnover, value of assets and number of employees. If you are unsure, ask Goodwille for guidance.
If your Financial Year ends after 31st March 2018 then 19% corporation tax will be applied to any profits. The rate of corporation tax will be reduced to 17% from 2020.