Business Planning

We specialise in helping entrepreneurs to grow their business and lay a strong foundation for success. Whether you’re just starting out or looking to expand, our expert team provides end-to-end business planning and start-up services.

From choosing the right business structure to managing ongoing compliance, we’re here to ensure that your business is set up for long-term growth and financial success.

''Your Partner in Building a Strong Foundation, from Concept to Compliance.''

OUR SERVICES INCLUDE:

Business Structure Consultation: Unsure whether to go for a sole trader, partnership, LLP, or limited company? We’ll guide you through each option, helping you make the right choice based on your goals, tax efficiency, and future vision.

Sole Trader, Partnership, and LLP Registration: Whether you’re setting up as a sole trader, partnership, or LLP, we handle all registrations and filings, ensuring you start on the right foot and stay compliant with legal requirements.

Company Incorporations: Ready to form a company? We’ll take care of the entire incorporation process, setting up your company the right way from day one.

Confirmation Statements & Compliance: We ensure that your company’s confirmation statements are filed on time and that you remain fully compliant with Companies House and HMRC regulations.

Complete Financial Management: From bookkeeping, statutory accounts, VAT returns, payroll services, to tax filings, we manage your company’s financials, leaving you to focus on growing your business.

Ongoing Business Strategy & Consultation: We don’t just stop at the basics, we’re here to offer continuous advice on managing your finances, optimising tax positions, and driving profitability throughout your business journey.

Starting and growing a business is exciting, but it can also be complex. At MWT, we simplify the process by offering expert, tailored solutions that meet your specific needs, whether you’re a sole trader, partnership, LLP, or limited company. We ensure that every decision you make is informed, compliant, and designed to support the long-term success of your business.

FAQ's

What is self-assessment?

Self-assessment is a system or regime by which Her Majesty’s Revenue & Customs (HMRC) assesses and collects direct tax in the UK.
Should I complete a self-assessment tax return?

Most people who pay income tax in the UK do not have to complete self-assessment tax returns. These are primarily employees whose tax is deducted at source under the Pay as you Earn system (PAYE). Self-assessment therefore applies to individuals such as the self-employed (sole traders) who earn in excess of £1,000, landlords that receive rental property income, individuals who receive income from savings, investments and dividends, foreign income, income from tips and commission and any other type of untaxed earnings.
When are self-assessment tax returns due?

The UK tax year starts on 6 April each year and ends on 5 April of the following year. Self assessment returns are due on the 31 January following the end of the tax year. For individuals who wish to submit paper returns, the deadline is 31 October following the end of the tax year.
What are payments on account?

Payments on account are amounts that some individuals are required to pay towards their estimated tax liability for the current tax year. They are calculated based on the previous tax years liability and are paid in two equal instalments of 50% each on the 31st January and the 31st July. These amounts are then deducted from the final liability for the year and a balance payment is usually made, together with a first payment on account for the following tax year.
How do I get the ball rolling?

As a starting point, you would need to register with HMRC in order to receive your 10 digit Unique Tax Payer Reference number (UTR). This number will enable you to submit your tax returns online by the 31st January deadline. If you are completing your own tax return, you would need to create an online account with HMRC once you receive your UTR number. Alternatively, if you need to help and support with getting your tax affairs complete and up to date then please get in touch for your free consultation.