Save 20% On Business Startup Services
Maze Accountants are offering all new start up businesses in the local area a huge 20% discount on our accountancy fees for new businesses. That includes all start up businesses – whether you’re a tradesman, web designer, mortgage broker, insurance agent, dog walker, hairdresser etc.
Chat With Us!
Business Startup Services
Are You Starting A New Business?
One of the most important considerations when becoming self-employed is tax. It can seem like a daunting process, but we are here to make things easy for you. Below is a basic guide to your tax obligations, but remember that although you have to self-assess, we can take care of the paperwork. You just need to keep records of your income and business expenditure throughout the year ready for us to work on.
The tax that you owe in respect of a year’s income is due on the 31 January following the end of the year in which the income arises. You need to make payments on account by 31 January and 31 July each year. Any remaining tax liability, after taking into account the payments on account, is payable on 31 January the following year.
With the advent of self-assessment, there are now fines and penalties for not submitting tax returns on time and these must be submitted by 31 January following the end of the relevant tax year. You can do this yourself using the paper form or online, or we can complete your self-assessment for you.
Getting proper professional advice early is crucial in starting up a new self-employed business, as there are very strict Inland Revenue rules governing your actions. An example of this would be if someone works as an employee for a company and then announces that they are self-employed and continues doing exactly the same work in exactly the same manner. The Inland Revenue are likely to refuse the self-employed status, resulting in the usual PAYE and National Insurance liabilities. So discuss with a professional accountant what your tax status will be before starting out.
Once you are running your own business, then there are a whole host of other implications. These cover other taxes such as VAT and National Insurance and, where you employ other people, employment law legislation that is increasing in complexity day-by-day. Maze Accountants is on hand to help you through this maze! Our professional services for the self-employed will ensure you are fully compliant with the law and have all the advice and support you need.
Whether to trade as a sole trader, limited company, partnership or LLP is also a serious consideration any start up business should get professional advice on before starting their journey into a new business venture.
Maze Accountants Business Start Up Benefits
Our Core Benefits For Your Business Startup Success
- We take care of all the paperwork
- We complete your self-assessment on your behalf
- Proper professional advice from the start
- Ensure you are fully compliant with the law
Our Small Business Accounting Services
Small & Startup Companies
Business Start Ups
Business Start Ups need all the help and guidance that is available to them, to get started on the right path. We can share with you a basic guide to your tax obligations, but remember that although you have to submit your self assessment, we can take care of the paperwork for you. You just need to keep recor
General Business Advice
Working for yourself is a big step, and although you may have great ideas and high hopes for your business, you will need the right advice and support behind you to make them come true.
Maze Accountants in Surrey have over 30 years experience of assisting clients to manage their book keeping and meet the VAT deadlines and obligations.
VAT can seem quite daunting and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay more than you need to!
Our Payroll service is really straight forward. You register with our Payroll service – just complete our online registration form, or we can register you over the phone.
If you’re looking for a local accountant in Chessington, Surrey – why not ask Maze Accountants for a fixed price quotation for accountancy services. We are into our 14th year in business as an accountancy practice and as our growth plans continue, we are always keen to speak to new and existing businesses in the local area. We were previously based in Banstead and still maintain accounts for many businesses in the local area.
Our Glowing Reviews
Refreshingly approachable as stated! Very passionate team, relaxed and professional. Maze Limited takes care of all our accounting needs and has been great so far.
I first met Omid the principal of Maze Accountants when I was about to become self employed in 2007. He guided me through all the pitfalls, getting registered, the whole lot. Maze have been my accountants ever since and I am extremely happy with the service and invaluable advice I have received over that time. Very approachable and friendly. Not the archetypal accountant!
Omid Nabbey and Maze Accountants have been of enormous help to me since I formed my practice over six years ago. In addition to providing accurate and timely tax advice – which has consistently saved me money – Omid has been a valued advisor in my business affairs.