Has anyone checked your structure, VAT scheme and pay since the day you incorporated?
Most directors get their filing done. Nobody goes back and checks the set-up underneath it.
So the wrong VAT scheme runs for years, the salary split stays where it started, and the corporation tax bill arrives as news.
Or read on to see what gets checked.
How a set-up nobody checked quietly costs you every quarter
- Company formed online
- Default VAT scheme
- Salary set once
- Accounts filed each year
- Nobody revisits it
- Bill lands unannounced
Nothing in that chain is wrong on day one, and nothing in it gets looked at again.
A scheme that suited you at incorporation can cost you every quarter three years on. You would only know if someone went back and checked.
Five questions about your own company you probably cannot answer
Read them slowly, because the answers decide what you pay this year.
- Is the flat rate scheme cheaper than standard for you?
- When did anyone last check your salary and dividend split?
- What will your corporation tax bill be this year?
- How much can you take out as dividends today?
- Does your software match the way you actually invoice?
Every decision after that gets made on a guess.
What a checked set-up tells you before the year end
Day one. On your own figures. With the reasoning written down.
Nasir goes through the set-up himself and tells you why each part is right or what should change.
- Day 1when the review happens
- Structure and VAT checked
- Pay split rebuilt
- Software put on routine
- Tax bill known early
Even when the answer is that nothing needs changing, you know it and you know why.
What the first ninety days with Nexus actually look like
Four markers, so you can see when each answer arrives.
- Before day one
Your old accountant handled for you
Professional clearance and records collection are dealt with by Nexus at no separate charge, so you are not chasing anyone.
- Day 30
Structure, VAT, pay and software checked
The review is done and you have a written list of what to change and why.
- Day 60
Books current and on a routine
Bookkeeping catches up and stays current, so the numbers are there when a decision comes up.
- Day 90
Tax bill and dividend headroom forecast
You know what corporation tax will be and how much you can take out, well before the bill lands.
The set-up review is included when you join Nexus
Sixty minutes with Nasir on your own figures. He checks the company structure, the VAT scheme against your actual costs, the salary and dividend split, and the software and bookkeeping routine behind them.
Four things checked in order, on the numbers you actually file.
You leave with a written list of what to change and why, plus a corporation tax and dividend forecast. That holds whether or not you carry on.
Nexus takes three new clients a month, so every review gets done properly and by Nasir.
Who the set-up review is for, and who it is not
Better to read this now than to find out on the call.
This fits if
- You run an established limited company and want the set-up checked properly.
- You want the VAT scheme tested against your real costs, not left on default.
- You want your corporation tax and dividend position before the year end.
- You are done being passed to a different account manager every year.
- You are a sole trader now big enough that incorporation is the obvious move.
This does not fit if
- You are a start-up in your first or second year of trading.
- You are a sole trader whose turnover does not yet justify incorporating.
- Your income is property only and there is no trading company.
- You are a coach or consultant with lumpy income and no overheads.
- You are choosing on price alone and want the lowest monthly figure.
Two minutes. If it fits, you’ll book the set-up review with Nasir.
Four things you will know that most directors never get told
- Whether my VAT scheme is right
- What my tax bill will be
- How much I can take out
- Someone who replies himself
That is what the set-up review gives you, and it is included when you join.
Think your accountant should have checked this by now?
Begin the set-up reviewNexus takes three new clients a month, so the list is short.
See if your finance function fits your size / structure
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