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Limited Companies

Thinking Of Setting Up A Limited Company? No Problem Contact Us Today and We Can Help

Setting Up A Limited Company Doesn’t Have To Be Difficult

If you plan on being a contractor long-term or generating a significant rate for your services, then a limited company may be the best solution for you. 

Running your own business opens many doors to new opportunities and increased financial reward; but does also introduce statutory and financial obligations such as submitting annual accounts to Companies House, company tax returns and meeting HMRC deadlines.

Appointing Whittaker & Co as your accountant will give you the confidence that your finances are in the best hands.

Some Major Points To Consider

  • Keep full and accurate records from the start
  • Register the company with Companies House
  • Open a business bank account and keep your personal finances separate
  • Register the company for PAYE if there are employees
  • File company annual return on time
  • File company accounts on time
  • Pay corporation tax and PAYE on time.

Expenses You Could Offset Against Tax

  • Travel & Accommodation expenses
  • Telephone and Internet for business use
  • Percentage of household utility costs for using a room as an office
  • Mileage (if you use your mileage you cannot claim any other vehicle-related expenses)
  • Travel costs, fuel, train, flights, taxi. Etc.;
    Subsistence
  • Protective clothing
  • Accountancy Fees/Professional Fees
  • Office Equipment
  • Specialist Equipment.

What Whittaker & Co Can Do For You

  • We will help with the set up of your Ltd Company
  • Register your Limited Company for you
  • Provide an advisory service to guide you through the process of working through a Ltd Company
  • Register the company for PAYE if required
  • Help keep full and accurate records from the start
  • Submit the company annual return on time
  • Submit the company accounts on time
  • We can advise you when your Corporation Tax and PAYE will need to be paid.
  • We offer bespoke bookkeeping packages based on your needs.
  • We can assist with the preparation and filing of VAT Returns.
  • We can assist and submit monthly CIS Returns.

Setting up a limited company doesn’t have to be difficult. Contact us today and let us advise you on what you need to do.

To Find Out More About How We Can Help You