Company Registration & Reporting
- Sole Traders – Register for Self-Assessment by 5 October of your second tax year.
- Limited Companies – File annual accounts and a Confirmation Statement with Companies House.
- Tax Deadlines – Late VAT returns or payroll submissions can incur penalties.
Employment Laws & Obligations
- Minimum Wage Compliance – Regularly update salaries in line with government rates.
- Auto-Enrolment Pensions – Required for employees earning over £10,000/year.
- Employers’ Liability Insurance – Required by law with a minimum £5 million coverage.
Data Protection & GDPR Compliance
- ICO Registration – Required for most businesses handling customer data.
- Privacy Policies – Clearly state how customer data is collected and used.
- Cybersecurity – Protect sensitive business and client data from breaches.