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Running a successful limited company typically involves huge amounts of responsibility. Although you’ll be given the freedom to become your own boss, you’ll also be in charge of managing your clients, marketing your services and, perhaps most importantly of all, handling your own finances. This makes selecting the best limited company accountancy service a crucially important decision.
Lewis Smith Accountants Wirral
What is a limited company?
A limited company is the most profitable form of self-employment. While some may find it more beneficial to set up as a sole trader or operate through an umbrella company, limited companies provide greater tax efficiency and allow freelancers to maximise their take-home pay. Just as crucially, it lends your business a valuable sense of credibility and authority.
Most small UK companies set up as a private limited company (LTD), but every business is different and you may feel stronger as a public limited company (PLC). Either way, the main benefit of setting up this way is the increased financial protection it provides, since you won’t be personally liable for any losses your company makes.
The owners of a limited company are only financially responsible for the money they’ve invested, and this is the perfect solution for freelancers who either want to expand their business or simply make it more professional.
Check out our blog post here about the Pro's and Con's about a limited company!
Wirral Accounting Services
Accounting services
Our team of Wirral accountants will take care of your Statutory Accounts, Corporation Tax Returns, VAT Returns, Payroll and Bookkeeping.
Business advice
Our advisory services draw on years of knowledge and experience working closely with business owners in Wirral and across North West.
Tax advice
UK and international tax law can be complex. Finding the tax allowances and reliefs available isn’t always easy. We provide tax planning advice on international tax, corporate tax, personal tax, help with tax investigations and more.
Why take the risk?
Do you know when you have to complete your tax returns or filing submissions? Do you know the fines for being late? Did you know you will be fined £100 for just being ONE day late?
Why take the risk?
Do you know the fine for just making a mistake even if you spot it yourself? You could be charged between 0-30% of your tax bill if you admit it, or 15-30% if HMRC spots it! Try to be clever and understate your income or overstate your expenses. You'll face a 20-70% fine if you own up, or 35-70% if HMRC uncovers it.
Again, why take the risk?
We can save you a lot of money by properly claiming allowable expenses using our experience and knowledge.
Don't take the risk and let the professionals handle it for you.
Get in touch
Arrange a free consultation in person or via video. It’s an informal chat to get to know you and find out more about the help you are looking for.
Talk to an expert
We clearly explain the support available to you and are happy to act as business advisors in order to help you grow your business.
Get a fixed personalised quote
Our fees are fixed and tailored specifically to each individual's needs, so that you only pay for the level of support and services that you require.
Hear from our clients
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