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The Blog

Do I need to register for Self-Assessment?

Posted by on Jan 29, 2015 in Tax | 10 comments

Self assessment for company directors

There are a number of different people who must be registered for Self-Assessment, send Self-Assessment tax returns and pay Income Tax and National Insurance Contributions on their taxable income through Self-Assessment, including: Self-employed sole traders. Limited company directors. Shareholders. Partners (members) in general partnerships and limited liability partnerships (LLPs). Employees claiming expenses in excess of £2,500/tax

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A guide to Limited Liability Partnerships (LLPs)

Posted by 1st Formations on Dec 18, 2014 in LLPs | 0 comments

limited liability partnership

A Limited Liability Partnership (LLP) is an alternative legal structure that was introduced in 2001 by the LLP Act 2000. It is an ideal set-up for the types of professions that normally operate as a traditional partnership, such as solicitors, accountancy firms and dental practices.

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Company names – everything you need to know

Posted by 1st Formations on Dec 17, 2014 in Company Names | 0 comments


Company names should be carefully considered before being registered with Companies House. Ideally, you should choose something that effectively conveys the purpose of your business and reflects its values. You must also ensure the name you choose has not been registered by another company and is permitted by law. This can be done easily by using Companies

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