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Section::Existing Company


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Essential
IR35, Section 660 Employment Status Advice

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Income Calculators   FreeTime Service   Fax to Email   Web Hosting   My Responsibilities

Already own your own company, but tired of doing the paperwork?
No problem, let SumIT UK do it for you. We have tried to keep the fee structure simple.Whether transferring from an existing accountant or if you looked after your own paperwork, there will be a fee based on the months into the company's financial year. This will allow SumIT to transfer your data and paperwork into the SumIT format.
Fees are dependent on the months into the financial year, typically £ 75 for each month

What do I need to do ?

To start with FreeTime

  • Review and sign our management contract
  • Complete the supplementary questionnaire
  • Open a bank account(s) with the Royal Bank of Scotland (SumIT will provide the forms)
  • Appoint SumIT as Company Secretary (SumIT will provide the forms)

    • Gather together all your paperwork:

  • Invoices and backing documents
  • Expenses - receipts claimed from client or from your company
  • Company Bank information - Chequebook, cheque stubs and bank statements
  • VAT - VAT Registration certificate and VAT returns for the last 24 months
  • PAYE - Deductions working schedules, Annual returns and copies of correspondence with the Inland Revenue
  • Company Registers - this should be up to date giving details of current directors and company secretary
  • Company Annual Return

    • Ongoing:

  • Send SumIT copy of each contract/Purchase Order
  • Inform SumIT when invoice needs to be raised
  • Submit expenses to SumIT on a weekly/monthly basis
  • Receive and read monthly accounts and reports
  • Review and sign annual Company Accounts
  • Respond to e mail as appropriate


    • Order FreeTime Rescue

     


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    Last Updated [03/08/2004 13:34:33] http://www.sumituk.co.uk/haveCo/haveCo.asp