Limited company accountant

Limited company accounting made simple

Operating a limited company comes with several financial and legal obligations. From submitting accounts to Companies House to ensuring tax-efficient practices, there are many moving parts that you need to manage.

A limited company accountant not only helps you stay compliant but also offers strategic advice for sustainable growth. With our service, you can run your business with the peace of mind that every financial detail is in expert hands.

How is accounting for limited companies different?

Running a limited company involves managing financial and legal responsibilities that differ significantly from other business structures like sole traders or partnerships. 

A limited company has its own tax obligations which require a dedicated set of accounting practices. Here are some of the key differences:

Separate legal entity

Unlike sole traders or partnerships, a limited company is a separate legal entity from its owners. This means that the company has its own set of legal obligations, including its own tax returns and liabilities, which must be managed carefully.

Corporation tax

Limited companies are subject to corporation tax on their profits, separate from the personal taxes of their owners or directors. The nuances of corporation tax rates and allowable expenses can be intricate, requiring specialist knowledge.

Complex reporting

Limited companies are required to submit annual financial statements to Companies House, and these statements are publicly accessible. These statements must be prepared according to specific accounting standards and often involve complex financial reporting requirements.

VAT returns and other taxes

VAT can apply to other forms of businesses, and limited companies don’t automatically have to be VAT-registered. But the complexities of VAT are often amplified for limited companies, which might also have to deal with other taxes such as employer’s National Insurance Contributions.

Director’s responsibilities

The company director(s) bear the legal responsibility for ensuring that the company meets its financial obligations. This includes accurate record-keeping, timely tax payments and ensuring that the company is solvent. Failing to meet these responsibilities can result in legal consequences for directors.

In short, accounting for a limited company is more complex than for a sole trader or general partnership. Working with a limited company accountant isn’t just a nice-to-have – it’s essential for the efficient operation of your business. 

From guiding you through corporation tax to helping you navigate the maze of financial reporting, our tailored services aim to streamline these processes for you.

What does a limited company accountant do?

A limited company accountant is a specialist who understands the unique needs and challenges of running a limited company.

The accountant offers a broad range of services aimed at ensuring that your company fulfils all its financial obligations while maximising its economic potential.

We provide:

Our approach — the human touch

In a world dominated by numbers, we prioritise people; the human touch. Our unique approach sets us apart, creating lasting relationships built on trust, understanding, and mutual respect.

We genuinely care about the well-being and growth of your business, going the extra mile to ensure your financial stability and success. We’re approachable and available, always ready to lend a listening ear and provide expert advice tailored to your specific needs.

Contact us now for a free consultation and experience firsthand the difference our limited company accountant services can make for your business.