Adding valuable experience to your team
We take the time to get to know your business inside and out. We are passionate about helping you with business management and growth. As a team, we have worked with a huge spectrum of industries and have knowledge that can help your business with all things tax, accounts and business expansion.
The service
We are experienced
We are approachable
We are cost effective
Your questions answered
Should I get a company car or not?
It depends on the type of car you are considering. Generally, cars which run on petrol or diesel alone are not worth running though a company; the benefit in kind (BIK) tax is too expensive. Hybrid cars and pure electric cars are very tax-efficient, and therefore might be worth putting though a company.
How do I employ someone?
To pay an employee you must set up a payroll scheme which is registered with HMRC. You must ensure that the employee is paid at least the statutory minimum wage and you are responsible for making deductions for Income Tax and National Insurance, if appropriate. You must also set up a workplace pension scheme if your employees earn enough.
Is it better to be a sole trader or a limited company?
Generally, there is a tax advantage for businesses operating though a limited company because the rate of Corporation Tax paid by companies is lower than the rate of Income Tax and National Insurance paid by sole traders. However, a limited company comes with various complications which means this option not right for everybody. Our advice will be tailored to your individual situation.
Work smarter, not harder!
Working with Tamen Accountants means we bring our experience to your team, adding specialist knowledge making your finances work for your company. Get in touch to find out how we can help you.