TABLE OF CONTENTS

1. INTRODUCTION
1.1. INTRODUCTION

2. COMPANY ADMINISTRATION
2.1. INTRODUCTION
2.2. COMPANY FORMATION
2.3. OUR COMMITMENT TO YOU
2.4. NO HIDDEN CHARGES

3. WHAT WE EXPECT FROM YOU
3.1. A FEW SIMPLE STEPS
3.2. SIGNATURE
3.3. CORRESPONDENCE

4. STATUTORY COMPLIANCE
4.1. INTRODUCTION
4.2. EXECUTIVES

5. ACCOUNTS
5.1. BOOKS AND RECORDS
5.2. ANNUAL RETURN
5.3. ANNUAL GENERAL MEETING
5.4. REGISTERED OFFICE
5.5. BUSINESS STATIONERY
5.6. DISPLAY OF NAME
5.7. FINES

6. OPERATING THE LENNOX TRENT LTD SYSTEM
6.1. INTRODUCTION
6.2. YOUR BANK ACCOUNT
6.3. CASH EXPENSES
6.4. MONTHLY REPORTS
6.5. CHECKLIST

7. EXTRACTING FUNDS FROM YOUR COMPANY
7.1. INTRODUCTION
7.2. WHEN TO PAY A DIVIDEND
7.3. HOW MUCH TO PAY
7.4. RULES PERTAINING TO DIVIDENDS WAIVERS
7.5. DIVIDEND REPORTING PERIOD
7.6. DIVIDENDS AND PERSONAL TAXATION
7.7. DIVIDEND ADMINISTRATION
7.8. CORPORATION TAX
7.9. SYNOPSIS

8. PENSION PLANNING
8.1. INTRODUCTION TO PENSION PLANNING
8.2. SMALL COMPANIES
8.3. PERSONAL PENSIONS
8.4. TAX TIP
8.5. OCCUPATIONAL PENSION PLANS
8.6. COMPULSORY PENSION CONTRIBUTIONS

9. VAT
9.1. VALUE ADDED TAX
9.2. VAT ACCOUNTING SCHEMES
9.3. VAT PROCEDURES
9.4. SUMMARY

10. DIRECTORS EMOLUMENTS
10.1. INTRODUCTION
10.2. PAYMENT TO HMRC
10.3. PAYSLIP/REMITTANCE ADVICES EXAMPLES
10.4. SUMMARY

11. THE FUNCTIONING OF YOUR COMPANY
11.1. INTRODUCTION
11.2. FINANCIAL STATEMENTS
11.3. COMPUTATION OF COMPANY’S TAXABLE PROFITS
11.4. ACCOMODATION
11.5. FEES FOR TRANSPORTATION
11.6. CARS
11.7. CAR EXPENSES
11.8. COMPANY CARS & EQUPMENT DEPRECIATION
11.9. USING YOUR HOME AS AN OFFICE
11.10. PENSIONS
11.11. HEALTH INSURANCE
11.12. MEDICAL INSURANCE
11.13. LIFE INSURANCE
11.14. RELOCATION EXPENSES
11.15. SALARIES
11.16. OTHER EXPENSES
11.17. DISALLOWABLE EXPENDITURE
11.18. INCIDENTAL OVERNIGHT EXPENSES
11.19. TRAVEL AND SUBSISTENCE EXPENSES

12. ASSET PURCHASE
12.1. INTRODUCTION
12.2. ASSET FINANCE
12.3. PERSONAL CONTRACT PLANS

13. PROTECTING YOUR LIFESTYLE AND INCOME
13.1. INTRODUCTION
13.2. PENSION PLANNING
13.3. FLEXIBILITY
13.4. LEVEL OF CONTRIBUTIONS
13.5. INVESTMENTS
13.6. RETIREMENT BENEFIT OPTIONS
13.7. LIFE COVER
13.8. PERMANENT HEALTH INSURANCE
13.9. INCOME PROTECTION
13.10. CRITICAL ILLNESS COVER
13.11. CONCLUSION

14. CLOSURE
14.1. TEMPORARY CLOSURE
14.2. PERMANENT CLOSURE

15. INFORMATION UPDATE
15.1. WHAT YOU NEED TO TELL US
15.2. WHAT WE NEED TO TELL YOU

16. SUMMARY OF ACTION PLAN
16.1. INTRODUCTION
16.2. SETTING UP
16.3. MONTHLY
16.4. QUARTERLY
16.5. ANNUALLY
16.6. PERIODICALLY

17. COMMON QUESTIONS

18. BEANZ BOOKS
18.1. INSTALLATION
18.2. GETTING STARTED
18.3. SETTING UP
18.4. ENTERING YOUR TRANSACTIONS
18.5. SUBMISSION OF RECORDS

19. RAISING FUNDS FOR THE BUSINESS

20. BECOMING NON RESIDENT IN THE UK
20.1. INTRODUCTION
20.2. BENEFITS
20.3. RULES FOR NON RESIDENCY
20.4. DISADVANTAGES TO BECOMING NON RESIDENT
20.5. OVERSEAS EMPLOYMENT EXPENSES

21. SUMMARY OF IMPORTANT DATES

22. USEFUL INFORMATION