Millward, May & Co - Wokingham Accountants
Wokingham Accountants

Start-Up Limited Company

What next?

Congratulations!

You've set up your limited company and you're probably wondering what to do next - well, we've written a short guide on just that...


Your Journey So Far

So you've had a meeting with one of the partners here at Millward, May & Co, got a warm fuzzy feeling that these accountants are right for you and signed up to use our services for your new limited company.

You should have also:-

  • Filled out our new company form.

  • Filled out our new client form for each person associated with the company.

  • Provided us with proof of ID (passport, driving license) and proof of address (council tax, utility bill).

  • Signed our engagement letter detailing the services that we'll be providing for you.

  • Received your certificate of incorporation.


New Bank Account

You'll need to set up a company bank account - it can takes weeks (even months!) to set one up especially if you set one up online and so we suggest getting the wheels in motion on this as soon as possible.

We currently recommend two banks:

Natwest: they are currently offering a free bookkeeping software package called FreeAgent with any business bank account. Click here for contact details.

Santander: they provide a quick and efficient service & integrate well with most cloud bookkeeping packages.


After Bank Setup

Once you have set up your company bank account we'd be grateful if you could get in touch with us so we can:

  • Send you a direct debit mandate via GoCardless so that you can set up a direct debit with us.

  • Arrange a meeting with you so we can teach you how to get the most out of your software package (if applicable).


Registered Office

If your address is the registered office:

  • You should receive a letter from Companies House within a month with a 6 digit code on it.

  • You should receive a letter from HMRC regarding corporation tax with a 10 digit UTR number on it.

We would be grateful if you could send these to us once you receive them.


Sign up for Taxes

  • All the shareholders of the company should be signed up to submit self-assessment tax returns to HMRC. If you haven't yet signed up, you can click here to register.

  • In order to sign up for VAT, PAYE and/or CIS, click here.