Do you worry whether you’ve got the right business set up?

Whether you’re claiming everything you possibly can to reduce your tax bill? Whether you are taking out the right amount from your company to maximise all your available allowances within the family?

Running your own consulting company is rewarding. You get that reward when your monthly invoice gets paid. It can also be a pain when it comes to dealing with all the accounting, tax and VAT stuff.

Whether you’re just about to sign a lucrative consulting contract and need to set up your company in the right way or have been running your freelance business for a while there’ll be many questions going through your mind…

Things like…

• Am I (or is my accountant) claiming all the expenses I possibly can to reduce my tax bill?
• Am I structured in the right way to extract money from my company in the most tax efficient way?
• Am I using all the allowances available to me and that of my family?
• Is the limited company set up still the best thing for me to do?
• Am I caught by IR35 and how to do reduce the risk if so?

And there’s dealing with the tax man. You get something through the post from HMRC and really don’t have the time or inclination to deal with it..