At Lilly & Co. Ltd, we’re more than just accountants – we’re your trusted partners in navigating the complexities of finance and accounting.
Tax Services
When you need help with tax return preparation, Lilly & Co. is your ideal partner. We’re one of the most prominent tax accountancy firms in the UK, with years of experience guiding clients through the complexities of tax season. Our service is designed to help you tackle any tax return, big or small, without a hitch. You can rest assured you’re in good hands, as our consultants are experts in various forms of employment, including self-employment, partnerships, and limited companies.
VAT Returns
In the UK, a company’s owner is obligated to register as a VAT payer with HM Revenue & Customs (HMRC) if their turnover exceeds £90,000.00 during the tax year. However, businesses also have the option of voluntary registration even if their turnover remains below this threshold, provided the entity is actively trading.
PAYE
We offer comprehensive services tailored for businesses that employ staff in the UK under PAYE, National Insurance (NI), and CIS (Construction Industry Scheme) regulations. Our expertise covers precise premium calculations and the efficient execution of payslips. Beyond that, we provide professional bookkeeping and a full suite of HR, payroll, and accounting services to ensure your operations run smoothly.
Self-Employed
Self-employment is a common form of sole proprietorship in the UK, accessible to anyone. To establish yourself as self-employed, you are required to register online with HM Revenue & Customs (HMRC).
Additionally, you must apply to the Department for Work and Pensions for a National Insurance (NI) number. For those operating within the construction industry, it’s also necessary to obtain a temporary and subsequently a permanent CIS-4 card (Construction Industry Scheme). A key characteristic of this business structure is that you are personally liable for any business debts, meaning your personal assets are at risk.
NIN Assistance
Your content goes here. Edit or remove this text inline or in the module Content settings. To obtain your NIN, you will need to apply online through HM Revenue & Customs (HMRC) and may be required to prove your identity.
While the process is designed to be straightforward, we understand it can sometimes be complex. We encourage you to contact our accountancy office, where our experienced team can provide assistance and guide you through the application process.