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The Book-keepers Forum (UK) -> Professional Book-keepers in Practice -> Changing from self employment to limited company
Post Info TOPIC: Changing from self employment to limited company
yellowsenska


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Changing from self employment to limited company
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Hi everyone,

I've worked for a while as self-employed bookkeeper and recently open limited company.

Does anyone know how to move clients from self employment business to the new limited company ?

 

 

Kind Regards

 

 



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Leger


Master Book-keeper

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Hi Kamilla

In what way?  You will obviously need to let your clients know the change in status, and get them to sign new letters of engagement.  You will also need to change your MLR and ICO details to the new company.

Agent wise, you will need to write to HMRCs Central Agent Centre and inform them that you are now a Ltd Company.

And, as I've just discovered, you will need to inform VAT separately (actually they did tell me that in the letter they sent back, but because everything looked right on my agent screen, I thought it had updated)



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
HendyPhilhendy


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Yes, you do need to issue new engagement terms, or at the very least an addendum to the existing ones which they agree to. To be honest it is easier to issue a new one and also a good opportunity to update them.

The existing agent authorities will transfer over just by notifying HMRC.

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Phil Hendy, The Accountancy Mentor

Are you thinking of setting up your own practice or have you set up and need some help?

If so a mentor may be the way forward - feel free to get in touch and see how I can assist you. 

 
yellowsenska


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John many thanks for your reply !



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yellowsenska


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Phil, many thanks for your answer.



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