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Small & Medium Sized Enterprise
Small & Medium Sized Enterprise
In setting up or having set up an SME, the owners and directors responsibilities will differ. However, the core objective of the enterprise remains unaltered, namely to maximise profits and minimise tax. 1st Option will take on both goals with equal aplomb.
By creating the best available business structure and taking away the administrative burden, 1st Option will allow you to concentrate on maximising profits.
Helpful Guides
• Guide to 6 Reasons To Outsource Your Back Office
Company Structure
When looking at setting up or running an SME, the entrepreneur must consider how the business is structured. 1st Option can help you consider both management and ownership structure.
Company Formation
1st Option will assist with the formation of your company, with off the shelf companies being provided immediately or your own named company formed in hours.
Corporate Responsibilities
Setting up a company and starting to trade is simple with 1st Option's help. However, once a business is established the directors are responsible for a number of areas which may not have been apparent at first glance.
Director's Remuneration Structure
Being an owner and director of your own SME gives rise to a number of tax planning opportunities. 1st Option can advise on the different ways in which you can structure your remuneration packages.
Taxation
SMEs are subject to various forms of tax from monthly PAYE payments, quarterly VAT and Corporation Tax. 1st Option can advise, assist and calculate any of these enabling you to continue your core business objectives.