If you own a limited company, an obvious question that comes to mind is: ‘Is it necessary to hire a professional accounting service or can we do it ourselves?’ Although not essential, there are many important reasons behind many owners employing accountancy for limited companies, rather than managing their own accounts.
Apart from managing your accounts at the year-end and submitting your VAT returns, a professional accountant can perform the following duties:
Hiring accountants for small limited companies is very beneficial as it gives you a tension-free experience regarding your company’s financial moves. Professional accountants are aware of the difficulties arising while dealing with tax authorities, dealing with the tax enquiries, the correct format to submit information to HMRC etc.
For example, an accountant can give you advice on the expenses you can cancel against Corporation tax if you have or don’t have enough retained profit for declaring a dividend legally etc.
If you own an established limited company or are looking to set one up, then A to Z Accountants are here to help you. Our limited company service minimises the administrative work along with giving you advice on your company’s financial status. Some of our offers for limited company owners include:
We offer impartial advice and will do our best to advise you on the best course of action for you to take. So if you need accounting for limited companies & would like to know more. Please give us a call today to schedule your free consultation. Or fill out a contact form and we’ll respond within 24 hours.