- Email: Info@121companyformation.Co.Uk
- Phone: +44 (0)203 8932 121
26 Dec
The Ultimate Essential Guide to Tax Identification Numbers
Introduction Navigating the complexities of UK tax laws can feel like walking through a maze, especially for business owners, entrepreneurs, and anyone unfamiliar with the local regulatory landscape. One crucial yet often overlooked piece of the puzzle is the Tax
25 Dec
Crucial Updates to the Dividend Allowance for 2024/25
As the 2024/25 financial year approaches, UK taxpayers must be aware of crucial changes to the dividend allowance 2024/25. Whether you are an investor or business owner, these updates are set to impact your income, tax obligations, and overall financial
31 Oct
The Role and Duties of a Company Director: A Comprehensive Guide
The Role and Duties of a Company Director are pivotal in today’s dynamic business environment, the role of a company director has never been more critical. Directors are entrusted with the responsibility of guiding their organizations through both opportunities and
14 Oct
Effortlessly File Confirmation Statement Online in the UK: 5 Step-by-Step Success Guide
In the ever-evolving business world, compliance is not just a checkbox; it’s the foundation upon which trust and integrity are built. As a company owner in the UK, one of your pivotal responsibilities is to file confirmation statement online, a
16 Aug
Taxing Times Ahead: How the General Election Could Impact Your Business
As the UK prepares for a summer General Election on July 4th, businesses and individuals alike are bracing themselves for potential tax changes that could significantly impact their bottom line. With Labour leading the polls by a substantial margin, many
13 Aug
The Mystery of the PAYE Tax Code: Decoded! (And Why It Matters More Than You Think)
Ever wondered why your payslip shows a different amount deducted for tax each month? It’s not a magical money leprechaun (although wouldn’t that be nice?). It’s all down to your PAYE tax code – a seemingly cryptic string of letters
13 Aug
Budget Blues Solved? Demystifying the Spring Finance Bill for UK Businesses
The confetti’s settled, the celebratory champagne corks have popped (or perhaps a celebratory cup of tea, depending on your budget!), and the dust has settled on the Spring Budget. But for many business owners in the UK, there’s one lingering
12 Aug
Selling Your Business? Don’t Get Stuck with a Big Tax Bill: QCB Deferral Explained (for UK Businesses)
Congratulations! You’ve just sold your UK business – a fantastic achievement. But before you celebrate with a fancy vacation (you totally deserve it!), there’s one more hurdle to navigate: capital gains tax (CGT). This is where things can get a
08 Jul
Navigating the Cryptic World of Crypto Taxes: A Guide by 121 Company Formation Ltd.
In an era where digital innovation leaps bounds faster than a hare in a hurry, the realm of crypto assets has emerged as the modern-day treasure trove, albeit one that exists in the ethereal world of computer servers. As the
20 Oct
VAT – To Register or Not Register?
First things first, what is VAT?Value Added Tax – aka VAT – is the 20% tax that consumers pay to businesses when they purchase their products and services. While your business may collect VAT, it never belongs to you; it