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Accountant for Small Business

We provide a range of services for small businesses operating companies. We also provide advice on what to think about when considering whether to set up such a
business, either by shares or Guarantee.

Limited by shares

Limited by shares companies are usually businesses that make a profit. This means the company:

  • is legally separate from the people who run it
  • has separate finances from your personal ones
  • has shares and shareholders
  • can keep any profits it makes after paying tax

Limited by guarantee

Limited by guarantee companies are usually ‘not for profit’. This means
the company:

  • is legally separate from the people who run it
  • has separate finances from your personal ones
  • has guarantors and a ‘guaranteed amount’
  • invests profits it makes back into the company

We can help with compliance issues, such as forming the company in the first place, getting the company registered with Companies House and HMRC, advice on setting up the company’s accounting records and regularly preparing management accounts.

Our services are;

  • Company formation/setup
  • Year-end financial statements
  • Corporation tax computation and returns
  • Company confirmation statement
  • Bookkeeping
  • VAT
  • Payroll
  • Personal tax returns for director’s and Individuals 

Annual account or Year-end financial statement must be prepared and file 9 months after the company year-end date. It is the director’s responsibility to prepare and file the account on the due date whether the company is actively trading or dormant and failure will result in late filing penalty. For more information late filing penalty click.


Benefits of a Limited Company:

Limited liability: If you run a Limited Company you are protected should things go wrong. A director you will not be personally liable for any financial losses made by the company if all the rules were. Separate entity: A Limited Company is a legal entity in its own. This means that everything from the business bank account in the company name, the assets in the company’s name are owned by the company not the directors and shareholders.

Tax: The company will pay corporation tax on profit after taking into account all allowable expenses and as a director and shareholder of a limited liability company you can elect to take the majority of your income in the form of dividends, which enables you to manage your own tax liability and potentially save on National Insurance costs.

Perception: If you plan to do business with larger companies, it can help if you are working via a Limited Company as it gives of a more professional image.

Protection: As well as the Limited Liability Protection mentioned above, once you have successfully registered your company, your company name is protected by law. Companies House has very stringent rules for the naming of companies so no one else can use the same name as you, or anything deemed too similar.


Ownership and succession: if you are the sole shareholder in the business, you own the business. However, a Limited Liability Company can easily transfer ownership of shares, or existing shareholders can sell a stake in the company to other parties at any time but we have to look at any personal tax implication.


Accountant in Woolwich South East London & Kent.

Fees payable either on a one-off basis or on a monthly Direct Debit or Standing
Order basis.

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