Limited Company Accounting

Limited companies are one of the most popular business structures, they offer limited liability to their directors, and separation of assets and liabilities from personal finances. There are other advantages including dividends, compliance with customer requirements, and tax advantages, in addition to providing a professional image for your business.

However, they also come with increased compliance requirements for reporting to Companies House, and HMRC for corporation tax and payroll. There are also increased risks of fines if returns aren’t filed at the correct times, so it is important to get the compliance side right as well as the tax planning!