We have used ‘Kevin Beare and Co’ who not only specialise in this foreign company space, but also go beyond core accounting and tax and offer services in start-up advice, HR and payroll services.
London (PRWEB UK) 15 December 2012
Kevin Beare & Co provides a “One-Stop-Shop” solution to businesses operating in the UK. Services provided range from initial advice on the choice of UK legal entity, through opening a UK bank account and UK VAT registration, provision of bookkeeping, expense processing and monthly reporting (in both GBP and NZD/AUD).
Using these services means that a transition from “setup “to “routine” is seamless. Payroll administration, which includes mandatory legal obligations and contractual obligations as described in the employee benefits package is also part of the back office support system.
Paul Stewart of On Brand Partners based in Auckland, shares their valuable lessons learned when taking to the international stage. “We have used ‘Kevin Beare and Co’ who not only specialise in this foreign company space, but also go beyond core accounting and tax and offer services in start-up advice, HR and payroll services”.
An initial talking point is the type of entity available for the UK operation. There are two main legal entities, a UK limited company and a branch. The latter is an extension of the parent company and is required to file a copy of the parent company’s accounts at Companies House in the UK where once filed become public record. They include a profit and loss statement along with balance sheet. Customers, suppliers or anyone with an interest in the company may access this data. A limited company is only required to provide their own UK statutory accounts, however, below a certain size do not need to file a profit & loss.
UK VAT procedures, UK auditing requirements, and local employment laws are usually outside international companies expertise and are often a minefield to any overseas company setting up in the UK.
If you are a company thinking about operating in the UK, or you know of an organisation that could benefit from this practical local knowledge then please contact Paul for further details or to arrange a meeting.
For just over twenty years, Kevin Beare & Co has worked with overseas companies and has helped them invest in the UK.
