One thing about the UK is that it is very easy to set up a company (almost too easy...)
I had some feedback though:
Why did you recommend https://www.rapidformations.co.uk/? If mainly for the use of their address, many accountants (including osome) provide this service. Osome (and many other accountants) will also do the company formation (often for free!)
I prefer Starling over Tide. Starling is totally free, whereas Tide take £0.20 for every transfer. I like Mettle too, particularly because it gives you FreeAgent for free.
I love FreeAgent. Like it will handle 90% of bookkeeping, account reconciliation, and tax forms for you. Very simple interface and good documentation.
Step 3 reeks a bit of “draw the rest of the owl”. I might have liked a summary of your responsibilities as a director, key accounting dates, VAT, expenses etc.
If you wanted to write a longer guide with some more detail then I’d be very happy to help out!
Great suggestions. I didn’t know that Osome would also do company formations, thanks for the tip. I simply just listed the process I used.
Also excited to check out Starling and Free Agent. Thanks for the recommendations.
I agree that this post would be substantially enhanced with summaries of key responsibilities. I’d love for you to contribute to that and perhaps we can update this post and add you as a coauthor?
I’m probably not going to work on this post myself more, as I just wanted to spend a few minutes writing a quick post. But if you feel excited about it I think it could be valuable for you to draft extensions to this post :)
Thanks for this guide!
One thing about the UK is that it is very easy to set up a company (almost too easy...)
I had some feedback though:
Why did you recommend https://www.rapidformations.co.uk/? If mainly for the use of their address, many accountants (including osome) provide this service. Osome (and many other accountants) will also do the company formation (often for free!)
I prefer Starling over Tide. Starling is totally free, whereas Tide take £0.20 for every transfer. I like Mettle too, particularly because it gives you FreeAgent for free.
I love FreeAgent. Like it will handle 90% of bookkeeping, account reconciliation, and tax forms for you. Very simple interface and good documentation.
Step 3 reeks a bit of “draw the rest of the owl”. I might have liked a summary of your responsibilities as a director, key accounting dates, VAT, expenses etc.
If you wanted to write a longer guide with some more detail then I’d be very happy to help out!
Great suggestions. I didn’t know that Osome would also do company formations, thanks for the tip. I simply just listed the process I used.
Also excited to check out Starling and Free Agent. Thanks for the recommendations.
I agree that this post would be substantially enhanced with summaries of key responsibilities. I’d love for you to contribute to that and perhaps we can update this post and add you as a coauthor?
I’m probably not going to work on this post myself more, as I just wanted to spend a few minutes writing a quick post. But if you feel excited about it I think it could be valuable for you to draft extensions to this post :)