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.

Your Responsibilities as a Limited Company Director

  • 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
  • Filing annual returns and company accounts on time
  • Pay corporation tax, PAYE, and any other liabilities on time

Expenses You Can Offset Against Tax

  • Business Related Travel & Accommodation
  • Telephone and Internet for business use
  • Percentage of household utility costs for using a room as an office
  • Mileage (if you claim mileage, you cannot claim any other vehicle-related expenses)
  • Other travel costs, fuel, train, flights, taxi. Etc.
  • Subsistence (e.g. meals while working away)
  • Protective or specialists clothing required for your work
  • Accountancy and Professional Fees
  • Office Equipment and Specialist Equipment

What Whittaker & Co. Can Do For You

  • Advise you on how to operate efficiently through your limited company
  • Register your company for PAYE (if needed)
  • Help you maintain proper records from the outset
  • Submit annual returns and statutory accounts on your behalf
  • Provide advance notice of key tax and filing deadlines
  • Offer bespoke bookkeeping solutions that fit your business
  • Prepare and file your VAT returns
  • Handle and submit CIS returns where applicable

Setting up and running a company doesn’t have to be stressful. Contact us today and let us help make the process as smooth and stress-free as possible.