It does not matter if you’re are an electrician, gas engineer, plumber, builder, freelancer, contractor, beautician, hair salon, amazon reseller, catering company, events company, retail or wholesale business, restaurant or manufacturing company we have the limited company accounting package for you from as little as £40 per month.
Limited Companies provide access to a number of tax planning strategies and limited liability status.
At Accounting Wise we take care of all your limited company accounting and taxation requirements for a competitive monthly fee. We can offer many limited company accounting services including help with registering the business with Companies House and offer ongoing support and assistance going forward. We also regularly review your business to see whether it is operating in the most tax efficient way.
Running a company can be time consuming enough without dealing with accounting and tax headaches which is why we take care of everything from the Confirmation Statement to the Corporation Tax Return for our Limited Company clients. We have designed our service to include everything you would expect from an accountant and much more which saves you from getting bogged down by paperwork and deadlines.
Our partners leading online accounting software helps you keep on top of your sole trader or limited company accounts and bookkeeping. Send invoices, record expenses and get a real-time view of your accounts – anytime, anywhere. Perfect method of limited company accounting.
Although tax inspections are rare, it is possible that you could be investigated at random. In the event of a HMRC investigation we would represent you at no extra cost. This would be included in your monthly fee. We would fight your corner and ensure that HMRC receive only the money they are due and not a penny more.
We can complete the bookkeeping for our clients or alternatively they can complete the bookkeeping themselves to keep costs to a minimum. We have built out a simple limited company accounting package using the best accounting software’s on the market, which help limited companies to keep their records properly and in a way that we can use their information to complete accounts.
A limited company is a type of business structure that has been incorporated at Companies House as a legal ‘person’. It is completely separate from its owners, it can enter into contracts in its own name and is responsible for its own actions, finances and liabilities.
The owners of a company are protected by ‘limited liability’, which means they are only responsible for business debts up to the value of their investments or what they guarantee to the company.
A limited company must be registered at Companies House (UK registrar of companies) as ‘limited by shares’ or ‘limited by guarantee’. Limited by shares companies are owned by one or more shareholders and managed by one or more directors. Limited by guarantee companies are owned by one or more guarantors and managed by one or more directors.
The same person can be the owner and director, so you can set up a company by yourself or with other people.
A limited company is a type of business structure that has been incorporated at Companies House as a legal ‘person’. It is completely separate from its owners, it can enter into contracts in its own name and is responsible for its own actions, finances and liabilities.
The owners of a company are protected by ‘limited liability’, which means they are only responsible for business debts up to the value of their investments or what they guarantee to the company.
A limited company must be registered at Companies House (UK registrar of companies) as ‘limited by shares’ or ‘limited by guarantee’. Limited by shares companies are owned by one or more shareholders and managed by one or more directors. Limited by guarantee companies are owned by one or more guarantors and managed by one or more directors.
The same person can be the owner and director, so you can set up a company by yourself or with other people.
There are a number of reasons you might find it beneficial to trade through a Limited Company. The one major benefit is a Limited Companies exist as an entirely separate legal entity from the business owner(s). This brings many advantages, perhaps the most important of which being limited liability. Limited liability means that the company’s assets are kept entirely separate from the business owners’ personal assets, and so if the company gets into financial difficulty the business owners’ assets will be unaffected (unless personal guarantees have been signed). So if you have personal assets such as property that you wish to safeguard then this is typically the safest option to choose.
Limited Companies also have a perceived prestige over a Sole Trader or Partnership business. Primarily this is because private and public Limited Companies are the only way that larger businesses will trade. If you are looking to seek investment for your business then a Limited Company will typically be the right option due to the share structure that a company has along with the way a company separates business assets from personal ones.
There are many other considerations to keep in mind when forming a Limited Company such as the legal responsibilities each director has, and that some information on your company will be publicly available via the Companies House website. Talk to to Accounting Wise today to find out which option is best suited to you and your business and to find our more about our Limited Company accounting package.
Our online accountants have a range of qualifications from the Association of Accounting Technicians (AAT), Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW). We are also an Institute of Certified Practising Accountants (ICPA) accredited firm, and a HMRC registered Agent.
