LIMITED COMPANIES
DO YOU HAVE EMPLOYEES OR SUB-CONTRACTORS?
Running a limited company is different from being a sole trader, and can be confusing at first. You not only have to meet deadlines and pay tax as an individual, but also make sure the company pays corporation tax and files accounts on time. There are so many deadlines and different taxes to manage. Above all, you want to know how much tax to pay, and when to pay it.
And then you have questions about what expenses you can claim to reduce the tax bill. Then there are VAT returns to file and questions about national insurance. For example you might be increasing the size of your staff. This leads to more paperwork and regulation when you could be spending time on your business.
WE CAN HELP
First, we offer a simple and convenient way of keeping your accounting records using Quick Books Online. With your bank transactions feeding into the software automatically, you can see very quickly how the business is doing – and we can give you a forecast of your profits and the company’s corporation tax liability.
Secondly we can advise on the best way for owners and directors to pay themselves money from the company, whether as salary or dividends or a mixture.
Thirdly, we advise you if when and how to register for VAT and then how to use Quick Books Online to file returns. We can run your payroll when you take on employees, and file CIS returns if you use subcontractors.
Finally we are always there to answer questions about accounting and tax matters, leaving you free to run your business.
CONTACT US
Contact us to discuss your requirements, we offer a free one hour consultation click here