Accountants Ipswich

Limited Company Accounts and Tax

Limited company, sole trader or LLP (basically, a partnership with the added advantage of limited liability) – all these structures are possible if you are just setting up your business, now is the time to seek advice.

A limited company is a separate legal entity which protects you as a Director and shareholder but it also comes with added responsibilities. This is where we can help, relieving you of the burden and ensuring that your accounts are in the right format, accurate and submitted on time and that your tax is dealt with promptly and that you don’t get any nasty surprises.

We can advise on book-keeping methods and systems, management accounts, budgeting and cashflow. Most importantly we will get to know you and your business and provide support and advice to help you maximise your profit and run your business efficiently.

In business, knowledge is power and we can help you extract the information you need to make good decisions and plan for the future.

Many small businesses do not have a dedicated Financial Manager or even financial knowledge but we can bridge that gap for you, working closely with you to ensure we offer the best advice to you and your company.

As a small company owner you will come into contact with a variety of taxes:

  • Corporation tax
  • VAT
  • PAYE and National Insurance

Frankly, dealing with HMRC can be time-consuming and confusing if you are not familiar with their approach. We can help you find your way through, liaising with HMRC and explaining what you need to know in plain English. We can advise on most aspects of these taxes, know who to contact for specialist advice where necessary (VAT, Capital Gains Tax, Inheritance Tax, Investments and Tax Planning), and by arrangement we can advise on related issues such as Auto-Enrolment pensions obligations.