Self-employment is one of the simplest forms of doing business in Great Britain. It is important to note that from the start of a business, you only have 3 months to register with HMRC.
The self-employed individual holds full financial responsibility with his assets in the business. They are subject to Personal Income Tax and National Insurance contributions (Class 2 and/or Class 4). Self-employed individuals can merge into partner companies (i.e. Partnerships).
Self-employment in the UK requires 50% of the activity to be within the UK terrain, therefore it is a suitable form of business for people who stay within the UK for more than 6 months a year.
Within the framework of self-employed individuals and partnerships, we offer the following services:
Advice before starting a business - choosing the legal structure of the company
Registration of Self-Employment and Partnership
Preparation of company documentation
Registration for the needs of VAT, VAT settlements and formalities
Accounting and Tax Return
Advice and financial, tax, investment and business planning
Company's representation to the HMRC and other public institutions
Formalities in connection with ending the business
Having previously experienced numerous delays in the completion of my accounts and submission to the relevant authorities by previous accountants, I have to say how much of a refreshing change it has been to have everything dealt with on time By ABS-Service Ltd.
I dreaded each quarter as it came around until I met with the team at ABS-Service Ltd. For the last couple of years all I have had to do is present my paperwork by an agreed date and everything is taken care of. We then had a further chat and I have been able to reduce my VAT bill by over 50%.
We've been dealing with ABS-Service Ltd for 3 years now and have always found their industry knowledge, expert advice and professional service provided by the 'Team' at ABS-Service Ltd a great resource for our company.