Limited Companies

It is important to consider what the status of your business should be, sole trader, partnership Limited Company.

The benefits of being Limited are:

(1) Your risk is limited to the initial investment you made to purchase the shares.

(2) A Limited Company gives the impression of a bigger business and so helps directors when tendering for large jobs.

(3) The shareholding can be split to offer considerable tax benefits.

Following the Summer the first £5000 of dividends issued to an individual can be received tax free followed by a rate of 7.5% until an individual reaches the 40% tax threshold This benefit starts as of 1st April 2016.

Companies pay tax at a rate of 20% which is reducing to 18% over the next few years.

We are able to help with:

(1) The formation of a Limited Company

(2) Ongoing Tax and Vat advice required

(3) Preparation of the end of year accounts and corporation tax return.

(4) A bookkeeping service is also offered to those companies who wish to ensure their records are kept up to date.