Limited Company & LLP

Formations

Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through. However, they may not be experts in the legal and financial aspects of running a business and such matters often appear daunting. Fortunately you do not need to be an expert in these fields to succeed in business but you do need the support of a team of trained experts.

We can help. Just bring us your business ideas and we will help you to make them a reality!

We will help you to:

  • Decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or limited company
  • Prepare a business plan, cashflow projections, budgets, and trading forecasts
  • Assess the finance requirements, advise on the best sources of finance and draw up the necessary proposals
  • Establish a good working relationship with your bank
  • Complete any registration procedures with Companies House and HM Revenue & Customs
  • Deal with company secretarial issues
  • Set up a recording system for your internal use and for complying with statutory requirements
  • Decide on what computer hardware to buy and help with the installation of accountancy software
  • Keep on top of bookkeeping, VAT, payroll and other accounting requirements
  • Help with all aspects of business compliance and administration

 

Accounts

If your business is a limited company, PLC, or LLP, you are required to submit annual accounts to Companies House and the information within them is used to calculate your corporation tax position, which is submitted to HMRC.

These documents are not only statutory requirements, but also carry stiff penalties for late filing or incorrect information.

We provide this service to our business clients, saving them hours of time, not to mention stress and worry.

When we have prepared them, we schedule a meeting with you to go through the accounts and answer any questions you have so that you can approve them for submission.

At this meeting, we also go through the performance of your business, understand any changes in your personal or business circumstances and understand any changes in the direction of the business.

We are then able to advise you on any financial or taxation implications of any changes.

 

Corporation Tax

If you own and manage a limited company, you are responsible for completing a corporation tax return, which will be used by HMRC to determine your corporation tax liability.

It’s crucial to understand the constantly – increasing reporting requirements, make the most of your allowances, understand your liabilities and avoid any penalties for late or incomplete filing.

Most owner-managers have far more profitable (and enjoyable) ways to invest their time.

By handing this job over to us, you not only save the worry and administration time, we can also help you plan the timing and method of major purchases or investments that may reduce your tax liability in this area.

 

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