Limited Company Accounts
There are many tax advantages of operating through a Limited Company and as your local accountants in Liverpool, we are more than happy to explain them in detail.
Here at MJF Accountancy, we explain things in plain English and in terms that we can all understand, as running a Limited Company can be quite complex and daunting.
If you operate through a Limited Company, you will need to produce a set of accounts each year and submit these to both Companies House and HMRC. These accounts are sometimes referred to as Financial Statements.
The deadline for submitting accounts is nine months after the year end to Companies House and twelve months after the year end to HMRC.
Any profits that the Limited Company makes are subject to Corporation Tax at the relevant tax rate.
These are the legal responsibilities of the Directors and Shareholders of the Limited Company. This is a very simple, drilled down version of the accounts processes and deadlines and in practice it is a little more complicated however, this is where we step in.
As your Accountant, we can prepare these accounts and tax computations for you in a format that is accepted by both Companies House and HMRC. We will also ensure that you are claiming all of the allowable costs so that you are tax efficient.
We will prompt you throughout the year with reminders on the deadline dates as well as keeping you up to date with any changes to the legislation which may affect you.
We offer a number of packages to suit your Limited Company requirements and budget.
So what are you waiting for?
Call us today on 0151 724 3960 to arrange your free consultation.
Alternatively, you can email us at firstname.lastname@example.org or you can use our website contact form.