Limited Company Accounts

There are many tax advantages of operating through a Limited Company and as your local Liverpool accountants, 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 local Liverpool Accountants, we can prepare these accounts and tax computations for you in a format that is accepted by 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 or you can use our website contact form.

Spring Statement 2018

The Chancellor Philip Hammond presented his first Spring Statement on Tuesday 13 March 2018.

13 Mar 2018

Tribunal rules BBC journalist is caught by 'IR35' legislation

A First Tier Tribunal has ruled that a presenter paid via a personal service company was caught by the IR35 rules resulting in additional tax and national insurance contributions being payable.

05 Mar 2018

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which take effect from 1 March 2018.

05 Mar 2018

Scotland's five income tax bands and tax relief for pensions

Following the announcement of new income tax rates for Scottish taxpayers for 2018/19, the government is looking at ways of addressing the issue of the tax relief due on Scottish taxpayers' pension contributions.

05 Mar 2018

Minimum Wage increases

The National Minimum Wage and National Living Wage are the legal minimum wage rates that must be paid to employees.

05 Mar 2018

Pensions Auto Enrolment reaches a million employers

The Pensions Regulator has announced that the number of employers meeting their workplace pension duties has reached one million and that statistics show that approximately 9.3 million people are saving into a pension.

05 Mar 2018

Year end tax planning

With the end of the tax year looming there is still time to save tax for 2017/18. We have set out some points you may want to consider.

05 Mar 2018

HMRC rejected Self Assessment expenses and excuses

HMRC have released the latest list of imaginative excuses made by individuals who failed to submit their self assessment return by 31 January deadline in 2017.

05 Feb 2018