A Limited Company is an organisation that you can set up to run your business. It is a separate legal entity, is responsible in its own right for everything it does and its finances are separate to your personal finances.
Any profit a Limited Company makes is owned by the Company after it pays corporation tax. The Company can then distribute the profits amongst its shareholders.
As an individual you will only be taxed on any money that you receive from the Company, for example in the form of salary or dividends.
Directors are responsible for running the Company. There are many legal responsibilities involved with being a director and running a limited Company.
Directors often own shares in the Company but do not have to.

We will prepare the accounts for the business.
We will explain your accounts to you in plain English.
We will ensure that you meet any mandatory reporting requirements and produce financial statements to file at Companies House.

We will prepare the tax return for the Company and file it with HMRC. We will make sure that we claim all the tax allowances that are available.
We will notify you of the tax liability and give you a reminder to ensure that the tax is paid on time.
We can liaise with HMRC on your behalf and deal with any correspondence from them so that you do not have to.

We can ensure that your Company complies with obligations under Company law, allowing you to focus on the running of your business.
We can maintain your statutory books and file the annual confirmation statement (formerly annual return).
We can incorporate a new Company or Limited Liability Partnership (LLP) on your behalf.

If you are VAT registered, we can prepare VAT returns and submit them to HMRC.
See our Frequently Asked Question about VAT registration.
We can recommend the best VAT scheme for your business and register it for VAT.

We will prepare the monthly payroll, provide payslips to your employees and also complete all relevant month and year-end reporting requirements on your behalf.

By 2018 all employers will be required to automatically enrol all eligible employees into a pension scheme and to make contributions to that scheme. It will depend on your staging date when your auto-enrolment duties come into effect.
We can advise you on when your staging date is and let you know which employees will be eligible. We can help you set up a pension scheme and process the monthly submissions.

P11Ds are used to notify HMRC of any benefits in kind that have been made to employees.
If relevant, we can prepare P11Ds for the business and submit them to HMRC.

Completing even a simple tax return can be complicated, especially given the ever-changing rules and regulations.
We will prepare the directors’ tax returns and submit them to HMRC.
We can liaise with HMRC on your behalf and deal with any correspondence from them so that you do not have to.
If needed, we can register the directors with HMRC.
See our Frequently Asked Questions for “Do I need to complete a tax return?”
We will notify you of the tax liability and give you a reminder to ensure that the tax is paid on time.

We will provide monthly or quarterly management accounts to enable you to make the right decisions for your business using up to date financial information.
Preparing management accounts can save you money by helping to identify tax planning opportunities, showing how profitable certain areas of your business are and indicating where particular attention needs to be given.