The milestones to watch
- The VAT threshold. Register once taxable turnover passes £90,000 on a rolling 12 month basis. Watch it monthly as you grow.
- Incorporation. As profits rise, a limited company can become more tax efficient. Model it on your numbers.
- Hiring staff. Taking on employees brings payroll, real time filing and pension duties.
- Bigger tax bills. Higher profits mean larger bills and payments on account, so plan cash flow ahead.
Business growing fast?
Growth brings thresholds you do not want to cross unprepared. TaxTune watches your VAT position, models incorporation, and plans your tax and cash flow so growth stays smooth.
Let us support your growth
We monitor your milestones, advise on structure and VAT, set up payroll, and plan your tax and cash flow. Fixed fee.
Frequently asked questions
What tax milestones come with growth?
The main ones are the £90,000 VAT registration threshold, the point where incorporating becomes tax efficient, taking on staff and payroll duties, and larger tax bills to plan for.
When do I have to register for VAT?
Once your taxable turnover passes £90,000 in a rolling 12 month period. Growing businesses should watch this monthly to avoid registering late.
When should I consider forming a company?
As profits rise, a limited company can become more tax efficient through a salary and dividend mix. It is best decided by modelling both structures on your figures.
What changes when I hire staff?
You take on payroll, real time filing to HMRC and workplace pension duties from your first eligible employee, plus employer National Insurance costs.
How do I plan for bigger tax bills?
Set aside a share of profit as you earn, and budget for payments on account. An accountant can forecast the bills so growth does not create cash flow surprises.