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The latest addition to our services is Online Backup of data for your PC or Business computer network helping you to protect the value of your business and the efficiency of your business.

Click here to find out more !

We also recently added telecommunications solutions to our range of services. Calls can be redirect from a dedicated 0870 number(s) to your landline, mobile and you can also get fax to email ! If you would like to discuss a telecommunications solution for your business email us by telecommunications@corporateace.com

We have also added a page to our website showing an example of a potential full business start up solution!

Click here to view the page. Of course you can choose which of our services you require individually and we can tailor make a service to suit your needs. You can also add backing up your data online as a service we can supply!

Some of our services can be paid for online via PayPal using a debit or credit card and other affiliated services you can pay online direct to our third party supplier where appropriate.

This makes ordering a website easy via our website pages or ordering a UK Limited company via our our Company Formation pages and now you can also then pay by our payment pages all online.

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The Corporate Ace Team

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News

Inland Revenue Will Catch Out the Unwary !

The following information is designed to help you avoid Inland Revenue fines.

The UK Inland Revenue are extremely keen to collect penalties from the unwary and the current Inland Revenue way of working is increasingly likely to do this ! Don't let the Inland Revenue catch you out.

Failure to do a whole variety of tax related forms or notifications by their respective deadlines can lead to hundreds and possibly thousands of pound in fines.

Form 42 - Share allocation notification

Form 42 is a annual return that is due for submission by 6 July after the end of the relevant tax year.  Due to poor publicity and other problems with the form being downloaded from the Inland Revenue's website the Inland Revenue have for the year ended 5 April 2004 extended the deadline to 6 September 2004. If you formed your company between 6 April 2003 and 5 April 2004 you have in most cases till 6 September 2004 (to submit the declaration to the Inland Revenue. (see below now 30 November 2004).

Failure to complete the form and submit this to the Inland Revenue on time can lead to an Inland Revenue fine of up to £300 (for each failure).

At the time of company formation the Inland Revenue will accept the share details relevant at the time of formation in an abbreviated manner at the same time as submitting the CT41G (see below) which is also an important document and normally arrives at the company's registered office within a short period of time from incorporation and notifies the company of it's tax reference.

The form is 16 pages long but much of the form will not apply in many cases. Section 2a. "Acquisition of unrestricted securities" is in many cases the relevant section on formation.

The full form 42 can be downloaded from the Inland Revenue's website by clicking here

We do not deal with the form 42 within our basic company formation fee.

An additional charge is made for completing and submitting our Inland Revenue approved abbreviated version of the form on your behalf to the Inland Revenue of £30 which you can pay via our payment pages. This covers completing the form and posting this to you for signature and subsequent submission to the Inland Revenue on your behalf.

For more information and FAQs regarding form 42 click here for the relevant page on the Inland Revenue's website.

On the 4 August 2004 the Inland Revenue announced a further extension to the form 42 deadline for the year ended 5 April 2004 to 30 November 2004!

Form CT41G - Initial company formation information

The Inland Revenue will automatically issue a Form CT41G to newly formed companies at the registered office normally very promptly after formation. Do not ignore this form.  It is a fineable offence to not notify the company has commenced trading within three months of commencing to trade.  If you have not received the CT41G within the three must we would advise you to write to the appropriate tax district to notify commencement of trading and request a CT41G for completion.

The form can be downloaded from the Inland Revenue's website by clicking here

We do not deal with the form CT41G within our basic company formation fee.

An additional charge is made for submitting this form on your behalf of £30 which you can pay via our payment pages. This covers completing the form and posting this to you for signature and subsequent submission to the Inland Revenue on your behalf.

Otherwise if you do not have an accountant or tax adviser to help with Inland Revenue notifications and accounts or Companies House annual returns and notifications please contact our sister company T4 Tax for more detailed assistance.

Other Inland Revenue forms on which there are penalties include the annual return CT600, P35 PAYE end of year return, P11D(b) and P11Ds benefits and expenses forms to name a few.

All these forms have deadlines and penalties for late or inaccurate completion. We would recommend you seek professional advice from the outset about the administration of your new company.

Other useful information:

For a basic Inland Revenue guide to corporation tax click here

For Inland Revenue guidance on Pay As You Earn (PAYE)  click here

For a the Inland Revenue's guidance on service companies and "IR35" click here

NB: These pages are for guidance only and may not be conclusive of all the business matters you will need to deal with in running your Limited company.

If you do not have an accountant or tax adviser to help guide you through the minefield of dealing with the UK Inland Revenue you can contact our sister company T4 Tax.