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Just qualified, setting up ltd. few Qs!

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  • Just qualified, setting up ltd. few Qs!

    Hi!
    As the title says I became a fully qualified pharmacist today! I am setting up a limited company.
    How will this affect how the pharmacies I work for pay into my account? I will be setting up a business account and understand that some companies, eg Alliance, get ur details on their system but for others do they pay by cheque?
    If so do I just tell whoever is booking me to make it payable to my company's name rather than my own?
    Also when making up business cards should I put my companies name on them followed by my own?
    Thanks

  • #2
    Re: Just qualified, setting up ltd. few Qs!

    Ask your accountant. One advertises in the PJ every week.
    johnep

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    • #3
      Re: Just qualified, setting up ltd. few Qs!

      I am seeing my accountant again tomorrow. Company has been set up. I think I need to have heques payable to the company rather than myself but not 100%
      How many pay by cheque rather than BACS?
      With business cards I was wondering what others who operate as a ltd. have on their cards?
      thanks

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      • #4
        Re: Just qualified, setting up ltd. few Qs!

        You would certainly have to get cheques paid to the company - the company then pays you (either salary or dividends). As far as business cards are concerned, I think the company's name and details (registration number, name of Director, address of registered office) needs to be on them. It's worth making sure you get this right as Company law is a bit of a minefield.

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        • #5
          Re: Just qualified, setting up ltd. few Qs!

          Originally posted by Farnsfield View Post
          You would certainly have to get cheques paid to the company - the company then pays you (either salary or dividends). As far as business cards are concerned, I think the company's name and details (registration number, name of Director, address of registered office) needs to be on them. It's worth making sure you get this right as Company law is a bit of a minefield.
          Yep company law is a minefield, but I have negotiated a deal with an accountant who is also a qualified lawyer specialising in tax saving initiatives, AND he is offering the forum members a great deal - a big reduction in fees for members.

          Watch this space - I will be writing to everyone letting them know all about it soon!
          Lively debate is encouraged but please respect the opinions and feelings of others.
          Please help keep the forum vibrant by spreading the work to friends and colleagues via word of mouth or social media.
          Thank you for contributing to this site.

          Comment


          • #6
            Re: Just qualified, setting up ltd. few Qs!

            Related to this, as an approximation, would % of tax&NI is deducted for someone on a community locum wage, who has set themselves up as a ltd company (ie the % of net take home pay that their company pays them). I uderstand this is a hmrc query but their site is too complex for a pharmacy simpleton like me. lol

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            • #7
              Re: Just qualified, setting up ltd. few Qs!

              if you need to be asking all thes damn fool questions you should have done your homework.
              SMITHY

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              • #8
                Re: Just qualified, setting up ltd. few Qs!

                What kind of deal is your accountant going to offer?

                I am not very happy with my accountant, so I am thinking to get another one!!!

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                • #9
                  Re: Just qualified, setting up ltd. few Qs!

                  Originally posted by victor View Post
                  What kind of deal is your accountant going to offer?

                  I am not very happy with my accountant, so I am thinking to get another one!!!
                  Still working on the details - sent you a private message.
                  Lively debate is encouraged but please respect the opinions and feelings of others.
                  Please help keep the forum vibrant by spreading the work to friends and colleagues via word of mouth or social media.
                  Thank you for contributing to this site.

                  Comment

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