Incorporation of accountancy practice

Posted by FirstTab PM | on Wed, 25/01/2012 - 09:15 3359 83 comments | report

I hope tax returns season is going well. Mine is it could be a lot better.

I incorporated my practice on 1/04/2011. I am not experienced on this area of incorporating from a sole trader.

I would be grateful for advice on what I need to do to ensure I am being tax efficient.What steps do I need to take?

The response can be broad, I can read up on the detail.

I did a search on this but could not find a baby steps guide.

I am looking for advice not criticisms on my lack of knowledge and experience.

Thanks

Comments

There are 83 comments. Login or register to view them.

.

ireallyshouldknowthisbut | Wed, 25/01/2012 - 09:27

Do you have 2020 tax tips and

colacct | Wed, 25/01/2012 - 09:33

Colacct

FirstTab | Wed, 25/01/2012 - 11:53

Do whatever you like - its your money

taxhound | Wed, 25/01/2012 - 12:20

taxhound

FirstTab | Wed, 25/01/2012 - 13:09

I'm not being funny...

George Attazder | Wed, 25/01/2012 - 13:42

let loose to practice on fee-paying clients?

FirstTab | Wed, 25/01/2012 - 14:01

and here I was

taxhound | Wed, 25/01/2012 - 14:02

no

FirstTab | Wed, 25/01/2012 - 14:07

Apologies but....

Fidodido | Wed, 25/01/2012 - 14:14

R&D Tax Credits

George Attazder | Wed, 25/01/2012 - 14:33

Calm down

bigdave1971 | Wed, 25/01/2012 - 15:00

Big meal out of nothing

FirstTab | Wed, 25/01/2012 - 15:05

bigdave1971

FirstTab | Wed, 25/01/2012 - 15:12

Have no wish to be rude or cause upset

taxhound | Wed, 25/01/2012 - 15:18

Apologies if I've upset your sensibilities...

George Attazder | Wed, 25/01/2012 - 15:22

You and others have caused upset

FirstTab | Wed, 25/01/2012 - 15:34

missed the point

Fidodido | Wed, 25/01/2012 - 15:33

Fidodido

FirstTab | Wed, 25/01/2012 - 15:36

be a bit more specific

Red Leader | Wed, 25/01/2012 - 16:19

Red Leader

FirstTab | Wed, 25/01/2012 - 16:28

You have posted spoof questions before

taxhound | Wed, 25/01/2012 - 16:33

taxhound

FirstTab | Wed, 25/01/2012 - 16:33

You are all very naughty accountants

petersaxton | Wed, 25/01/2012 - 16:50

Peter

George Attazder | Wed, 25/01/2012 - 16:55

george

petersaxton | Wed, 25/01/2012 - 17:03

I think the main issue here is not lack of knowledge

BKD | Wed, 25/01/2012 - 17:07

Here's some advice

petersaxton | Wed, 25/01/2012 - 17:12

And now for a serious answer

taxhound | Wed, 25/01/2012 - 17:15

Don't get me started on "some"!

petersaxton | Wed, 25/01/2012 - 17:16

Hang on, this was a serious

ireallyshouldknowthisbut | Wed, 25/01/2012 - 17:19

TaxCafe

petersaxton | Wed, 25/01/2012 - 17:24

Give him a break

chatman | Wed, 25/01/2012 - 17:28

hasn't he?

petersaxton | Wed, 25/01/2012 - 17:37

No, not malicious

andy.partridge | Wed, 25/01/2012 - 17:46

@Peter

chatman | Wed, 25/01/2012 - 17:45

I bet you know the answer, too!

petersaxton | Wed, 25/01/2012 - 17:56

Not saxton again!

FirstTab | Thu, 26/01/2012 - 07:21

Dates

BKD | Wed, 25/01/2012 - 18:47

@FirstTab

ShirleyM | Wed, 25/01/2012 - 18:55

Meet my "staff"; she's my expert

petersaxton | Wed, 25/01/2012 - 19:32

Mr/Ms Expert: what is goodwill?

petersaxton | Wed, 25/01/2012 - 19:39

Goodwill

FirstTab | Wed, 25/01/2012 - 20:01

Have been reading the tread and ........

Ding Dong | Wed, 25/01/2012 - 19:57

Ding Dong

FirstTab | Wed, 25/01/2012 - 20:13

Ding Dong

petersaxton | Wed, 25/01/2012 - 20:06

Fair enough -

Ding Dong | Wed, 25/01/2012 - 20:19

All I want ed

FirstTab | Wed, 25/01/2012 - 20:27

Training courses

petersaxton | Wed, 25/01/2012 - 20:53

Worry abour me and my clients! What nonsense!

FirstTab | Wed, 25/01/2012 - 21:08