What a limited company accountant can do for your company

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What a limited company accountant can do for your company

Hiring an accountant for your limited company is an excellent investment.

They can oversee your accounts and tax, ensuring every aspect is compliant, which allows you to focus on day-to-day operations and developing your business. Keep reading to find out some of the main tasks you can expect your potential accountancy firm to provide.

1. Payroll

Accountants are payroll specialists who will take care of the nitty-gritty, from income tax calculations to HMRC paperwork. They can set up and run an efficient payroll system to process your salaries, ensuring staff receive their exact wages on time.

2. Setting up a new company

An accountant will help you set up your limited company via Companies House if you haven’t already done so, relieving you of the extra workload. They can also register your limited company for Corporation Tax and VAT and advise you accordingly on your new tax liability.

VAT is especially confusing, and many managers/directors dread navigating their limited company’s VAT obligations as its regulations keep changing constantly. Luckily for you, you don’t have to agonise over VAT returns, unexpected fines, or paying over the odds with limited company accounting.

3. Annual accounts

Your limited company is required by the law to file its annual accounts with Companies House and HMRC every year. Failure to do so can result in legal actions and hefty fines. Fortunately, with a reliable accountant by your side, your business can quickly collate and produce the necessary paperwork required for filing your annual accounts.

4. Bookkeeping

Bookkeeping is a dull, time-consuming, yet essential task for limited companies. That’s where professional limited company accounting comes in handy. A reliable accountant will log every receipt and invoice and handle your bookkeeping with utmost efficiency. This way, when the HMRC comes knocking at the end of the year, you’re not hunting for missing paperwork.

Which services should you get?

If you’re not sure what accounting services to get, consult with us at SQK Accountancy. We can help you decide and advise you accordingly. Additionally, we provide reliable limited accounting services, allowing you to focus on other aspects of your business.

Contact us today to learn more.

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