Accountants play a critical role in the success of limited companies by managing business finances and providing strategic advice. They help business owners navigate complex financial regulations while ensuring compliance with tax laws.
Our limited company accountants monitor all financial transactions, identifying potential problems before they affect your business. They set up your company with Companies House and handle the registration process, saving you time and ensuring everything is done correctly.
Your accountant will manage payroll, ensuring employees receive proper payments and all PAYE obligations are met. They also take care of bookkeeping, tracking income and expenses to maintain accurate financial records.
Filing company accounts and tax returns is another crucial responsibility. Accountants prepare these documents to meet HMRC deadlines, helping you avoid penalties and maximising available tax reliefs. They also ensure that your company tax return is submitted annually, fulfilling legal obligations and maintaining compliance.
Many accountancy services also offer strategic financial advice to help your business grow. They analyse financial data to identify areas for improvement and cost-saving opportunities.
For VAT-registered companies, accountants handle quarterly VAT returns and ensure you’re using the most beneficial VAT scheme for your situation.
We provide comprehensive limited company accountancy services designed specifically for limited companies. Our team of experienced accountants works with businesses of all sizes, from new startups to established SMEs.
You’ll receive real-time updates on your Corporation Tax obligations and dividend potential through our online platform, including the preparation and submission of limited company accounts.
Services include:
You’ll benefit from unlimited support from our expert team who understand the unique challenges faced by limited companies. Whether you have questions about limited liability protection or need tax planning advice, we’re here to help.
Our range of financial services are delivered with the same care and attention, no matter where you come from, or what you do. It’s about relationships – not numbers on a page.
At Glen C Rodger we put people and the spirit of adventure at the heart of everything we do. We can open your eyes to a world of possibilities, looking at your business in a new and exciting light.
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Our accountancy team manages several crucial financial responsibilities for your limited company, including calculating your corporation tax liability. We handle tax calculations, ensure timely submissions, and maintain compliance with HMRC and Companies House requirements.
Corporation Tax represents a significant financial obligation for your limited company. We calculate your tax liability accurately to ensure you pay corporation tax exactly what you owe—no more, no less.
Our team keeps track of filing deadlines to avoid late submission penalties. Your Corporation Tax Return must be submitted within 12 months after your company’s financial year ends.
We identify allowable business expenses and capital allowances to minimise your tax liability legally. This includes reviewing potential R&D tax credits or other relief programmes your business might qualify for.
Before finalising your return, we conduct thorough reviews to ensure all calculations are correct and supported by proper documentation. This reduces the risk of HMRC enquiries.
We determine if your company needs to register for VAT based on your turnover threshold (currently £90,000). If registration is required, we handle the entire process with HMRC.
Our team prepares and submits your quarterly VAT returns, ensuring they’re accurate and timely. We can implement digital solutions that comply with Making Tax Digital requirements.
We help you choose the most appropriate VAT scheme for your business:
We reconcile your VAT accounts regularly to identify any discrepancies and maintain proper records for HMRC inspections. This proactive approach helps avoid unexpected VAT bills.
We prepare comprehensive annual accounts that comply with UK accounting standards, ensuring your company’s accounts provide a clear picture of your financial health.
Your company’s accounts must be filed with Companies House within 9 months of your financial year-end. We ensure these deadlines are met to avoid penalties that can range from £150 to £1,500 depending on the delay.
We also handle your Confirmation Statement (previously Annual Return), which must be submitted yearly to Companies House. This document confirms your company details remain accurate.
Before submission, we review all financial statements with you, explaining key figures and ratios in straightforward terms. This helps you understand your business performance and make informed decisions for the future.
We help limited companies navigate the complex UK tax landscape to ensure you meet all obligations, including the submission of corporation tax returns, while minimising your tax burden. Our team stays current with HMRC regulations to identify legitimate tax-saving opportunities for your business.
Limited companies can benefit from numerous tax-efficient strategies that sole traders cannot access. We help you structure your salary and dividends in the most advantageous way to reduce your overall tax liability. This often involves taking a smaller salary up to the National Insurance threshold and supplementing with dividends.
We identify allowable business expenses that many directors overlook. These might include:
Our team reviews your company structure regularly to ensure it remains optimal for your circumstances. We also advise on timing of purchases and investments to maximise capital allowances and tax relief opportunities.
As a limited company director, you have responsibilities under both PAYE and Self Assessment systems. We ensure your PAYE arrangements comply with HMRC requirements whilst being set up in the most tax-efficient manner possible.
Your annual Self Assessment tax return must include all income sources, not just your company earnings. We help you:
We also provide guidance on HMRC’s Making Tax Digital initiative and how it affects your reporting obligations. Our team handles communication with HMRC on your behalf, resolving queries promptly and professionally to prevent potential penalties or investigations.
Managing payroll and expenses efficiently is crucial for limited companies to maintain compliance and maximise tax efficiency. Having a dedicated accountant ensures proper systems are in place, saving time and reducing errors while ensuring you meet all HMRC requirements.
Setting up a structured payroll system is essential for limited companies with employees. You need to register as an employer with HMRC before your first payday. This enables you to obtain your PAYE reference number and employer PAYE reference.
Most accountancy services include payroll management in their packages, handling everything from calculating tax and National Insurance to submitting Real Time Information (RTI) to HMRC. This saves you from navigating complex payroll legislation.
For directors who take a salary, proper payroll processing ensures you benefit from the optimal tax-efficient salary level. Your accountant can advise on the most advantageous split between salary and dividends.
Consider these key payroll elements:
Cloud-based accounting software has revolutionised expense and payroll management for limited companies. Solutions like Xero, QuickBooks, and FreeAgent connect directly with your bank accounts and streamline expense categorisation.
Most modern platforms offer:
Your accountant can recommend the best software for your specific needs and business size. Many accountancy packages include software access as part of their monthly fee.
Using digital tools allows you to collaborate with your accountant in real-time. They can review transactions, flag potential issues, and provide guidance without needing to visit your office.
The Making Tax Digital initiative makes digital record-keeping increasingly important for tax compliance. Getting comfortable with accounting software now prepares your business for future HMRC requirements.
Get expert support for your limited company. Let us take care of the numbers so you can focus on growing your business. Talk to us today.