Barnsley accountants service since 1998. Wakefield accountants service since 2009.
Tax Accountants and Business Advisors
As an alternative to self employed status, many people choose a limited company
as their business structure for many reasons. If you already have a limited company,
you will be aware of the advantages in terms of liability and taxation (for the smaller
limited company at least) of carrying out your business in this way. As directors
of a limited company you are responsible for filing accounts and a corporation Tax
Return for each year. If you don't already trade as a limited company then we can
assist with limited company formations. See Starting as a Limited Company
However, the main disadvantages of trading through a company are the increased burden
of administration and paperwork in order to reap the benefits. For example you will
need to file a set of accounts for the company each year and file a corporation tax
return. It is often preferable to pay yourself a salary as well, which means you
will need to calculate pay and deductions and ensure the HMRC is paid the appropriate
amount at the right time.
We would be pleased to assist you in this task. We can take care of all the accounts,
taxation, payroll and company administration headaches, so that you are left alone
to run your business, and enjoy the rewards. We can even form a company for you.
We can advise on the best mix of salary and dividends and the position with the various
benefits in kind that can be provided.