Our FAQs
Frequently Asked Questions Answered by Kesington Tax Solutions
Kensington Tax Solutions supports a wide range of professionals and businesses, including contractors, consultants, freelancers, landlords, and small business owners.
We offer tailored accounting services for limited companies, sole traders, and landlords, ensuring smooth tax management and compliance. Our advisors also provide personalised support to help small businesses navigate their financial responsibilities with confidence.
We recommend obtaining Professional Indemnity Insurance and Public Liability Insurance. If you employ additional staff, you may also need Employers’ Liability Insurance. Kensington Tax Solutions has partnered with Qdos, who can advise you on the right coverage and recommend suitable insurance options for your needs.
Yes. You will require a business bank account as the limited company is a separate entity from you.
If your turnover is below the current threshold (£90,000) in any 12 months then no, however, you could benefit from voluntarily registering.
VAT is payable quarterly once your registration is complete, and your VAT periods will be assigned at that time. The team at Kensington Tax Solutions will handle the preparation and submission of your VAT returns for you. All you need to do is make the payment due — or set up a Direct Debit with HMRC for added convenience.
It is your responsibility to keep your bookkeeping up to date using the quick and easy online software, maintaining this is vital as it will ensure you maximise your tax efficiency.
When are my company accounts due to be filed?
Normally your Accounts will be due for filing 9 months after your company’s year-end. This may change if you’ve made any changes to your company year-end in the period.
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