Originally posted by MarkusB
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Basic question regarding new Limited Co and tax
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Following up on what jamesbrown said, your personal tax year runs from Apr-Apr, while the company's tax year will run from Sep-Aug. That means that you'll still need to do a SATR as normal after Apr 2025, which includes any sole trader income and any income you get from the limited company (salary/dividends). Your company will also have to submit its own year end accounts after Aug 2025, and you'll need an accountant to help you with that. -
In fairness, that would be a bit premature if the company doesn't exist yet (and won't exist for another 6 months).Originally posted by northernladuk View PostWhy don't you have an accountant?Comment
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That's fair but finding one and getting some advice upfront on the promise of business from August could save him time and problems.Originally posted by hobnob View Post
In fairness, that would be a bit premature if the company doesn't exist yet (and won't exist for another 6 months).'CUK forum personality of 2011 - Winner - Yes really!!!!
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