Business Start-up Support
Most people
starting up in business do so because they have a good business
proposition and the enterprise and commitment to see it through.
However, they may not be experts in the legal and
financial aspects of running a business and such matters often appear
daunting. Fortunately, you do not need to be an expert in these
fields to succeed in business but you do need the support of a team
of trained experts.
Company Formation
Mark
One Counsultant’s has designed a streamlined
structure to guide you towards the simplest procedure of company
formation.
We will not overload you with any technical
jargon rather make it crystal clear for you to decide on what exact
information you would like to register for your new company. We have
a panel of specialists who will guide you through this process to
get your new business on track.
Personal Client Services
1.
Personal
Tax Return
2. Accounting
Outsourcing
Year End Accounts
Statutory
Accounts are the legal obligation for all companies to be declared
to Company Registrar.
Mark
one consultants takes its profession seriously
enabling their clients to comply with the laws and regulations. We
can understand that these processes are administrative and can be
ambiguous for the clients to prepare. Our team of Accounts Experts
can guide you to a streamlined process of accounts preparation where
the only co-operation we would request from our clients is to
provide us the financial records.
IR 35 Contract Review Service
IR35 is
tax legislation that is aimed at identifying people who are termed
‘Disguised Employees’ by HMRC and avoid paying tax by trading
through their own company. By offering services through a company
you can benefit from certain tax breaks. The IR35 legislation is
there to make sure you’re a genuine company rather than an
employee disguised as a company just to be able to take advantage of
these tax breaks.
If HMRC considers you a disguised
employee and come under IR35 regulations, they will not recognize
that you – as a contractor – are self-employed from a taxation
perspective. You will then be subject to the same rate of tax as an
employee.
Company Secretarial Services
We provide
a tailored increase, decrease, sub-division or consolidation of
share capital.
A newly drafted set of Memorandum and
Articles of Association are supplied with any change in share
capital.
All resolutions and filings are prepared on
your behalf.
A limited company has responsibilities that
it must fulfill under the Companies Act; these include keeping
statutory registers on Directors, Shareholders, Debentures etc. and
filing an Annual Confirmation Statement etc.
Payroll & RTI Submission
Any
business that has employees will need to run a payroll and submit
RTI (Real Time Information) Returns to HMRC on each payday.
Unfortunately, penalties starting at £100 per missed RTI return are
payable to HMRC and any underpaid tax and NI due will also accrue
interest.
If you choose us to complete your payroll you
will receive all of the following benefits for a low monthly fixed
fee
Business Tax
1.
Corporation Tax
2. Self Employed Tax
3. Subcontractors
Tax
4. Partnership Tax
Making Tax Digital (MTD)
Since
April 2019, VAT registered businesses with a turnover above the VAT
threshold need to keep digital records for VAT purposes using the
Making Tax Digital (MTD) protocols. This means that businesses must
keep their records digitally (for VAT purposes only) and provide
their VAT return information to HMRC through MTD compatible
software.
Businesses with a turnover under the VAT
registration threshold (currently £85, 000) are not mandated to use
the MTD for VAT service but can opt to do so if they wish. There is
also an exception for certain businesses that have until their first
VAT Return period starting on or after 1 October 2019 to start using
MTD for VAT. This includes businesses that are part of a VAT group
or VAT division, use the annual accounting scheme or that make
payments on account.
VAT & Indirect Taxes
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes
Cloud Accounting & Support
With the
advancement of technology, it is vital we have access to real-time
financial information to be able to track how your business is
faring, whilst empowering you to make the decisions needed to grow
and develop your company.
Markone
Consultatns are here to help clients like you
choose the most appropriate online applications and analytical
techniques for your financial and reporting needs. This provides you
with real-time insight into the financial and commercial dynamics of
your organization, and – coupled with our sector and commercial
expertise – ensures you can plan a successful way forward.
Tax Planning
Tax
planning is the legal and complex process of arranging your affairs
to minimize a tax liability.
The UK tax system is
complex and subject to constant change. We offer proactive tax
planning strategies for many SMEs, Corporates and even high net
worth individuals.
There is a wide range of reliefs and
provisions that are available to legitimately reduce a tax liability
without straying into the rather more challenging area known as tax
avoidance.
At Mark one consultants, we have years of
experience and accumulated knowledge to help you to execute the best
tax planning for your business or personal incomes or wealth. We
make sure you get the best of your income so that you can live a
life you desire.
Our expert advice could result in
potentially significant improvements to your business and personal
wealth.
Virtual Finance Officer
We understand the crucial role of Finance Officer in giving the business strategic direction and impacting business operations. However the cost of employing an experienced full time Finance Officer can be quite burdensome for some companies. Our Virtual Financial Officer look to fill that void and give that competitive advantage back to our clients, so they can concentrate on their business. We have been able to provide this service through partnering with cloud based accounting solution like Xero, Quickbooks and FreeAgent that enables us to have access to clients data, irrespective of where they are.
Rescue & Recovery
Right
Advise At The Right Time Is A Crucial Part Of Running Business With
Right Decisions
The most common problems faced by
businesses today are bad debts, excessive borrowing and low property
values where these are all not focused on kept aside until the last
moments. These risks if ignored can fuel huge problems.
The
key solution to this is to seek for professional assistance as soon
as the first signs of risk appears. With the help of a genuine and
timely advice, a business owner can save himself and his company
from the risk of committing offenses such as wrongful and fraudulent
trading, misfeasance and more where the penalty might be worse.
Tax Inquiry Investigation
Tax
inquiries and investigations can be expensive, stressful and cause
huge emotional distress. We provide a full range of tax advice to
individuals, trusts, and companies and our expert team have vast
experience in dealing with tax investigations and disclosures and
resolving problems with HMRC. All of our consultants are highly
experienced in dealing with tax issues and we are specialists in
this area.
We are offering prospective clients a
one-hour, no-obligation review. It gives you a chance to find out
what we can do for you
Business Growth & Planning
Entrepreneurs
thinking of expanding the business means that their initial business
plan has worked very well and therefore they are ready to grow now.
So having the hard-work paid off, you need to be proud of your
achievements and also be ready for more hard-work to gain more
growth in your business.
Business expansion will involve
a lot of time, money and effort in regards to planning, cash flow
management, growth strategy development. All types of investment
come with risk and therefore, the right team of professionals is
required to guide you through every step and ensure that your plans
are designed for a smooth implementation.
Training
Markone
consultant’s offers first-class professional
courses on Accountancy, Payroll, Bookkeeping and many more.
Outsourced Bookkeeping Accounting
The
current economic climate has re-emphasized to the business world the
importance of keeping costs to a minimum and being as efficient as
possible within each area of your business. This has encouraged the
growth of the market for business process outsourcing in accounting
and other sectors.
For businesses setting up for the
first time, space and the ability to invest in an accounts team may
not be within their budget. Many new and smaller companies are
unable to afford their own internal finance teams or financial
controller, despite needing to have these functions and financial
expertise readily available to them. This highlights the importance
of being able to outsource specific functions, with the ability to
draw on these resources when required.
Bookkeeping & Management Accounts
1.
Bookkeeping
2. Management Accountants
Auto enrollment and workplace pensions
Auto Enrollment is a government initiative to encourage the people to save for their retired life through pension scheme at work. Auto Enrollment is taken seriously by the government where all the employers legally need to automatically enroll their eligible employees into a pension which could come up with escalating penalties if not fulfilled on time.