General Accountancy

How do I engage Danbro as my accountant?

March 19 2018 @ 3:18 pm by Natalie Friel

Simply call us on 01253 600150 and speak to one of our specialist advisors, or alternatively request a call back and one of our team will call you back at a time which is convenient to you.…

What fees do Danbro charge?

March 19 2018 @ 3:17 pm by Natalie Friel

Here at Danbro we understand that not every client needs exactly the same degree of service, so we provide a range of services to suit your needs. All fees are fixed and agreed in advance, starting from as little as £85 plus VAT per month.…

How do I operate my own limited company?

March 19 2018 @ 3:17 pm by Natalie Friel

When forming your own limited company, you will be appointed as director (and employee) of the company and will be responsible for managing the company affairs. The company will pay you a salary for acting in this capacity. You will also be the owner (shareholder) of the company and will receive dividend income from the […]…

What are dividends and will I have to pay Income Tax on them?

March 19 2018 @ 3:17 pm by Natalie Friel

A dividend is a slice of a company’s profit that is given to the shareholders, which will be yourself if you operate your own limited company. Dividend income you receive will not be subject to National Insurance contributions and the first £2,000 per annum will be tax-free. Dividends above this level which fall within the […]…

What if I decide to return to permanent employment?

March 19 2018 @ 3:17 pm by Natalie Friel

You can simply choose to leave your company dormant, in case you decide to go back to contracting, or close your company down. If you chose to close your company down, Danbro will assist you with this process at a small additional cost.…

What sort of expenses can I claim for?

March 19 2018 @ 3:16 pm by Natalie Friel

When operating through your own limited company, you’ll incur expenses that will generally fall into two types, those incurred in performing your contract, e.g. travel, and those incurred to administer your company e.g. accountancy fees. It is most likely that those incurred in performing your contract will be made out of your own pocket and […]…

How much admin time and paperwork is involved?

March 19 2018 @ 3:16 pm by Natalie Friel

At Danbro, our services offer you the choice of spending as much or as little time on admin as you prefer. By choosing our Plan One you can prepare your own professional invoices, record all out of pocket expenses and upload company bank statements easily and conveniently using FreeAgent online accounts. If paperwork and admin […]…

Which is better, my own limited company or employment umbrella?

March 19 2018 @ 3:15 pm by Natalie Friel

Both options offer their own advantages depending on your circumstances and requirements. If you’re uncertain as to which option is best for you then simply give us a call on 01253 600140, and our friendly team will help you find which of our services is the best fit for your circumstances. As Danbro provide both […]…

Do I need business insurance?

March 19 2018 @ 3:14 pm by Natalie Friel

When you are operating your own business, you’ll need to consider whether you need, or are indeed required, to take out any business insurance policies such as professional indemnity, public liability, or employers’ liability. You should review your new contract as this may stipulate a minimum level of insurance cover required to fulfil the contract. […]…
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