Our Top 5 Company Add-Ons to Benefit Your Business

Knowing all of your options before committing to a business decision is a no-brainer. But did you know it’s important to know all of your options before purchasing a ready-made company? We offer a number of additional products and services that can be crucial to the development of your business. Our top 5 company add-ons are listed below.

1. VAT Registration

What is VAT registration and why is it beneficial for my business?

As of 2017, if your sales have reached £85,000 in the last twelve months then you must register for VAT, and you can do so with a VAT registration agent such as ourselves. You can register for VAT voluntarily before you hit £85,000 if you wish, and there are a number of key reasons why you might wish to do so.

VAT registered companies can reclaim VAT that has been paid, and they can charge VAT on their products and services. Being a company that is VAT registered can also give the impression of a larger and well-established company, and this can help to build trust amongst customers and suppliers. Finally, registering for VAT voluntarily will help you avoid incurring penalties if you don't notice when they do reach £85,000. This will allow you to concentrate on running your business, knowing your accounts are all in order before you start.

Find out more about our VAT Registration service.

2. EORI Registration

Why would I need to register for an EORI number?

EORI stands for ‘Economic Operator Registration and Identification’, and it’s a necessity for your business to trade goods with countries outside of the EU. You can apply for your EORI application online with us, and it will take just 3 days to come through via email.

It’s a legal requirement if you wish to trade (import or export) goods outside of the EU, opening doors to your business and allowing you to expand beyond trading within the UK and the EU. If you have any questions on how registering for an EORI number could benefit your business, please don’t hesitate to get in touch.

Find out more about our EORI Registration service.

3. Registered Address & Registered Service Address

How would my business benefit from using Paramount’s registered company address?

All UK limited companies need a registered company address. This is the address that’s publicly available and where all official post is sent, but it does not have to be the company’s place of business. If you work from home, it might be difficult to determine a registered company address, especially if it’s in your rental agreement, lease or mortgage that you can’t use your home address for business purposes. This is where we can help.

Did you know we have a registered address service that you can take advantage of? This is where you can use our prestigious London address as your company’s registered address. There are a number of excellent reasons why you might consider our company registered address service, namely, it will eliminate the chance of professional bodies and members of the public from turning up at your place unannounced, and it will reduce the amount of junk mail you receive as we will only forward you your statutory mail.

We also offer a company service address, allowing you to keep your home address hidden from public view.

Find out more about our Registered Address service and Company Service Address service.

4. Annual Return

I need help filing my annual return form, can you help?

An annual return is a snapshot of a business which contains the basic information about a company and it must be filed once a year. Filing your annual return late, or with errors, can result in large fines, long delays or even removal from the Companies House register, meaning there’s a lot of pressure to get it right first time.

When you have to concentrate on the day to day running of your business, the pressure of filing your annual return can be overwhelming. Luckily this is something we can assist you with, easily, quickly and efficiently.

Find out more about our Annual Return service.

5. Dormant Accounts

What are dormant company accounts and why should they be filed?

All companies need to file a set of accounts every 12 months, even if the company is dormant. A dormant company is one which has been registered with Companies House, but isn’t trading and receiving income. If your company hasn’t traded, we can still file those accounts for you. This will avoid the risk of receiving a hefty fine and save you time in the process.

Find out more about our Dormant Accounts service.

For more information on how Paramount Formations can help you in your business decisions, please don’t hesitate to get in touch today.