We have been established for over 45 years as Accountants and have an in-depth knowledge of taxation, accountancy & business practise. Wright, Lilley & Co are Accountants and Business Advisors, based in Metheringham, Lincolnshire. We have been established for over 45 years and have a wide knowledge of businesses and business problems. We welcome enquiries from Clients seeking accountancy, payroll, taxation, VAT, business reports & projections and assistance with book keeping. With business startups, let us help you with deciding on the structure of your business, whether it be as a Sole Trader, a Partnership or a Limited Company.
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With business startups, we will help you with deciding on the structure of your business, whether it be as a Sole Trader, a Partnership or a Limited Company. We can form Limited Companies for you, assist with setting up PAYE & VAT, register you for income tax and national insurance, and notify the statutory departments of your new venture.
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The most important thing to remember about limited companies is that each is an individual in Law. People who work for themselves are classed as sole traders and are subject, primarily, to income tax and National Insurance costs. This tax is levied on the worldwide profits of companies and of unincorporated bodies that are not partnerships, such as members' clubs.
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