We want you to be able to focus on running and growing your business while we focus on the rest.
Running your business as a Limited Company is not the same as being a sole trader or partnership. There are more tax and legal requirements and responsibilities.
Although you may own and direct the Limited Company, you will need to remember that it is a separate legal entity. The money of the Limited Company must be kept separate to your own. This means having separate bank accounts. Any money you take from the Limited Company will need to be treated correctly at the time the money is taken i.e. a salary, a dividend or a director’s loan.
As a director you would be responsible for ensuring that all relevant filings have been made with Companies House. This includes filing your Statutory Accounts and your Annual Return every 12 months with Companies House.
There are, however, also many benefits of incorporating your business as a Limited Company including limited liability protection in the event your business suffers financial difficulties (protecting your personal money and assets), lower rates of tax on your profits, increased business presence and ability to raise finance.
We can help you with the following:
- preparation and filing of your Corporation Tax Return and Statutory Accounts,
- all filings with Companies House including your Annual Return,
- VAT returns,
- Payroll returns and advising you on a tax efficient salary,
- taking our interim and final dividends from the company to top up your salary,
- Shareholders and Directors’ Self Assessment Tax Returns