Just incorporated? Start the books the way you mean to go on.
Your company number arrived and suddenly there are deadlines with your company's name on them. Fenquist gives a new limited company proper invoices from the first sale and a running Corporation Tax estimate from day one.
What gets in the way, and what helps
Invoices need the company's registered details, not yours.
Add the registered name, company number and office once; every invoice and payment page shows them correctly.
No idea what Corporation Tax will be until the accountant tells you.
The Tax page estimates it from money in and out against your own year end, and shows the date it's due.
Mixing personal and company spending in year one.
Upload the company bank statement and mark anything personal, so the expenses that remain are the company's.
Most used:Invoices and quotesTax estimateReceipts and mileageAccountant access
Your first year as a limited company
- Open a separate business bank account and keep company money in it.
- Tell HMRC the company has started trading within 3 months, so it's set up for Corporation Tax.
- Know your year end (usually the end of the month you incorporated, a year on). Accounts are due at Companies House 9 months after it, and Corporation Tax is payable 9 months and a day after it.
- File a confirmation statement every year, even with nothing to report.
- Register for VAT if taxable turnover passes £90,000 in any rolling 12 months (or voluntarily earlier).
General information, correct as of October 2026, not tax or legal advice. Check GOV.UK or an accountant for your own situation.
Fenquist doesn't run payroll or work out dividends and directors' personal tax. Your accountant handles those; give them free read-only access to see the books.
Questions
Can I use Fenquist before the company has a bank account?
Yes. Add your bank details when the account is open; card and Pay by Bank payments go to your own Stripe account in the meantime.
How is the Corporation Tax estimate worked out?
On money received and spent in the period, at 19% for profits up to £50,000 and 25% above £250,000, with marginal relief in between. It's an estimate to plan with; it doesn't cover capital allowances in detail or adjustments your accountant makes.
Built for new limited companies. Free to start.
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