Paying Taxes Yourself

[Broseph]

Which companies have the biggest reps and cheapest rates and also I've heard of starting a limited company but this sounds a little scammy and smacks of fraud.

Any information welcome.

[aelmpvw]

i'd like to help but i don't undertstand a word of what you have said

[Broseph]

It's hardly pre christ latin.

[fiction-factory]

Sorry but I don't understand the question either.
I'm not sure of the reason for considering using a company to pay your taxes for you.
Is reps an abbreviation for something?
What sounds scammy?

[hc4361]

I don't understand the question either.
Are you employed, self employed, working for an agency?

[bhg481]

Perhaps if you re-wrote the question in pre-christ latin we'd have a better chance of understanding it.

[ubasses]

I agree with the rest of the answers.

[EdmundD]

I don't understand it either.........

[Peter Pedant]

starting a limited company - what would be your trading object ?

if the corporation tax rate is no different from your rate of income tax then there is little advantage -

I think most of us dont understand
because we are all employed - paying tax via PAYE and realise that for us there is no alternative

[bednobs]

i don't understand either, sorry broseph. if you pay taxes yourself, you pay taxes yourself - you don't need a company to do it for you. Are you looking for an accountant perhaps? if so, a local person might be a better bet than a "company"

[Buenchico]

I'm having to apply some guesswork here!

If you're self-employed you don't normally need to get anyone to assist you with your annual tax return. You simply register for a Government Gateway account (which is a tedious process but not a difficult one) and then complete your tax return online. It's a remarkably simple process because, unlike paper returns, you don't see lots of questions which don't apply to you; you only have to answer ones which are relevant.

If you'll be running a business where you could end up with lots of debts if, say, someone you worked for went bust and didn't pay you then you really ought to run it as a limited company. By doing so, the worst that could happen would be that your business would be forced in liquidation (with your personal finances unaffected). If you operated simply as a sole trader you'd have to pay those debts yourself, possibly forcing you into bankruptcy and/or losing your home.

I can't see how running a limited company could be seen as 'scammy' or 'smacking of fraud'. Many people like to see 'Ltd' after a company name, as they see it as somehow 'more professional'.

However running a limited company does involve additional paperwork and you might need an accountant to help you with your returns to Companies House.

If I've misunderstood your post, please provide further information in order that I (and others here) might make sense of it!

[chikispirit]

The short answer is to do a search in
direct.gov.uk