Recent content by Numaro Accountants

You can open a company through many different websites. For example you can use companies made simple and gov.uk. Keep in mind that you need to verify identity for the director first because they ask for the personal code. Also it could be tricky process for some people for example choosing the...

Not 25% it depends on the size of the company. It could be 19% for smaller companies and a way of saving alot of tax which otherwise would be payable.

Bank accounts does not help you open a ltd company. First open a company then open bank account for that company. Use gov.uk, or companies made simple to open a company. There are number of ways you can open a company. It get a bit complex when selecting relevant SIC code and it could be a...

If you are a uk resident or domiciled there are two concepts of not taxing your money, arising basis and remittance basis. You could be charged much higher than you think. The best option is to open a ltd company.

Yes, but HMRC can ask for evidence for the usage of software. If it come out personal, they might charge penalty as well as interest.

Hi VAT depends on what and who you are selling. Selling products from UK to EU are generally zero rated which means no vat. It also depends either you are selling to customers (end consumers) or you are selling to business.

If you are using AI for business operations. You can write off only the expenses which are wholly and exclusively for business. If you are using for both personal and business you need to apportion the expenses.