When you set up a limited company, the financial and legal obligations that come with it are significantly greater than those of a sole trader. Every year you must file accounts with Companies House, submit a corporation tax return to HMRC, keep accurate records throughout the year, and make sure your payroll and VAT are up to date if they apply to you. Miss a deadline or file something incorrectly and the fines arrive quickly. We handle all of this for limited companies across the UK so the compliance side of running your business never becomes a problem.
We cover everything a limited company needs to stay compliant and keep its finances in good order.
We prepare your annual accounts in the format required by Companies House and file them on time every year. These are the official financial statements your company is legally required to produce.
We calculate your corporation tax liability, make sure all allowable expenses and reliefs are applied, and submit your return to HMRC well ahead of the deadline so you always know exactly what is due and when.
We keep your financial records accurate and up to date throughout the year so that when your year-end arrives everything is already in order. No last-minute searching for receipts or trying to remember what a payment was for.
If your company is VAT registered, we prepare and submit your VAT return each quarter, making sure the figures are correct and filed through Making Tax Digital compliant software before the deadline.
Whether you pay yourself as a director or have a team of employees, we run your payroll each month, handle all HMRC submissions, and make sure everyone is paid correctly and on time.
We give you regular, clear reports showing how your company is performing your income, costs and profit so you can make informed decisions rather than guessing at how the business is doing.
We take the compliance burden off your plate and keep you informed throughout the year.
Your salary and dividends structured to minimise the tax you pay each year
Someone to call whenever you have a question about your company finances
A clear picture of your company finances throughout the year not just at year end
Every filing deadline met so you never receive an automatic fine from Companies House or HMRC
A lot of people set up a limited company without fully appreciating what comes next. Companies House requires your annual accounts to be filed within nine months of your financial year end. HMRC requires your corporation tax return within twelve months, and the tax itself is usually due nine months and one day after your year end. If you also employ people or are VAT registered, there are monthly and quarterly deadlines on top of those.
Fall behind on any of these and automatic penalties kick in. Miss your Companies House filing deadline and you get a fine the same day. Miss it by six months and the fine doubles. HMRC adds interest and surcharges to late tax payments. None of this needs to happen, and with us managing your deadlines, it will not.
Something we see regularly: directors who have been running their limited company for a year or two, filing their own accounts late or not at all, and suddenly facing a pile of fines from both Companies House and HMRC simultaneously. By that point the cost of sorting it out is considerably higher than it would have been to get help from the start.
If your company filings are currently behind, we can help you get back on track and put a structure in place, so it does not happen again.
One of the most common questions we get from limited company directors is how to pay themselves. The answer depends on your individual circumstances, but most director shareholders benefit from taking a combination of a small salary and dividends rather than a straight salary. Done correctly this is a legitimate and tax efficient approach. Done incorrectly it creates problems with HMRC.
We review your situation each year and make sure your salary and dividend levels are set in a way that minimises the tax you pay while keeping everything fully above board. This alone can save a director a meaningful amount of money each year compared to simply taking a salary and paying income tax and National Insurance on all of it.
Expert Chartered Certified Accountants helping UK businesses protect and grow their income.
Friendly support from a local team that understands your business. Book your free consultation today and take the first step towards financial clarity and peace of mind.
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74 St James Road, Blackburn, BB1 8ET
We work with clients across the UK, so you can get support wherever you are
