Our Services: Limited Company
Limited Company Accountancy services from A&R Accountants.
Working through a Limited company is more often than not the most tax efficient way to work as a self-employed professional, you can typically expect to take home around 75% - 85% of your income. A&R Accountants are always on hand to offer guidance to further maximising your income - so you never pay more tax than you need to.
Benefits of a Limited Company:
Limited liability - In simple terms, if you run a Limited Company you are protected should things go wrong. Assuming all rules have been followed, as a director you will not be personally liable for any financial losses made by the company.
Separate Entity - A Limited Company is a legal entity in its own right. This means that everything from the company bank account, to the ownership of assets relates to the business. They are totally separate from the interest of the directors and shareholders.
Tax - As a director and shareholder of a limited company you could elect to take the majority of your income in the form of dividends, which enables you to manage your own tax liability and potentially save on National Insurance costs.
Perception - If you plan to do business with larger companies, it can help if you are working via a Limited Company as it gives of a more professional image.
Protection - As well as the limited liability protection mentioned above, once you have successfully registered your company, your company name is protected by law. Companies House has very stringent rules for the naming of companies so no one else can use the same name as you, or anything deemed too similar.
Ownership and Succession - As the sole shareholder in your business, you own the business. However, a Limited Company can easily transfer ownership of shares, or existing shareholders can sell a stake in the company to other parties at any time.
Limited Company Accountancy services
Although your annual accounts are necessary to keep you compliant with regulatory requirements and the tax authorities, they have the potential to offer you much more.
Prepared in the right way, they provide a vital tool to help your business run smoothly and provide valuable information for forward-planning and decision-making. We ensure that your company is as tax efficient as possible.
Our Limited Company accounts package includes:
- Completion of a full set of accounts
- Completion of accounts for Companies House
- Submission of your corporation tax return
- Submission of your annual return to Companies House
- Submission of Directors Self Assessment return to HMRC
- A final check before submission to ensure that you have claimed all expenses
- Our help and assistance needed throughout the year
Fees payable either on a one off basis or on a monthly basis.
At A&R Accountants we can prepare your Statutory Accounts either from a Trial Balance prepared by your own book-keepers or from the accounting records themselves. We can also prepare your accounting records from basic information provided by you if you sign up to our bookkeeping service.
We also provide our other services alongside our Limited Company Package including Bookkeeping, VAT & Payroll.
We can also set up your Limited Company for you and set you up with HMRC.