Accountants for Limited Companies

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What is a limited company?

A limited company is a separate legal entity from its directors and shareholders. This means its finances and actions are separate from the owners, and gives protection to individuals should their company fall on hard times.

What are the benefits of being a limited company?

  • Limited liability for you as a business owner meaning you will not be personally liable for any financial losses made by your business
  • Professional business image to give credibility
  • The current corporation tax rate is 19% regardless of profit made, compared with income tax which increases as profit increases
  • As a director and shareholder you are able to extract profits through a combination of salary and dividends to take advantage of the greatest tax savings
  • Once you register your company name with Companies House it is protected by law
  • Option to pay company contributions to a personal pension scheme which receives corporation tax deductibility

What is required of a limited company?

  • Register as a limited company with Companies House
  • Ensure compliance with company legislation such as confirmation statements
  • Maintenance of company financial records (bookkeeping)
  • Completion of annual statutory accounts for Companies House
  • Completion of annual corporation tax return for HMRC
  • Minutes of important company decisions such as declaration of dividends
  • Completion of company payroll, where applicable
  • Completion of VAT returns, where applicable
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Why use The Orenda Collective to support your limited company?

  • Piece of mind that your company accounts and corporation tax return will be completed accurately
  • Guidance on tax deductible expenses to optimise the company tax position
  • Tax planning to ensure extraction of profit from the company is optimal for you as a business owner
  • Clear timelines for submission and payment deadlines to avoid interest and penalties
  • Support all year around for business and tax queries, not just at year end
  • Limited company help sheet to summarise the key things you need to know
  • Completion of documentation required to remain compliant with the Companies Act
  • Completion of bookkeeping and quarterly VAT returns to free up your time
  • Monthly and annual payroll submissions to HMRC
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Limited companies we work with

Personal Trainers & Fitness Instructors

Are you a personal trainer? Do you find that you are always running around between clients and studios resulting in you having no time to keep on top of your finances? We can take this out of your hands and make sure your tax is right!
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Yoga & Pilates Instructors

Do you spend a lot of your time learning how to get stronger in your inversions? Are you finding it hard to balance your finances on top of teaching? Let us do the hard work for you, so you can keep helping the world find their zen.
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Coaches

As a coach, do you find yourself giving a lot of your energy to your clients, leaving you feeling unenthusiastic about your finances? We can give you some of that energy back by supporting you to understand your finances and stay on top of your responsibilities.
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Hairdressers & Beauticians

Do you love making people feel and look great? But find yourself worrying about your tax and accounting when you should be focusing on your clients. We can take that worry away by providing expert advice, ongoing support and guidance.
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Photographers

Do you capture beautiful images of your clients but struggle to capture your business income and expenditure? We can explain your responsibilities and take the stress out of record keeping and streamline the process so you can focus on creativity and clients.
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Designers & Creatives

Did you become a designer because you are passionate about using your creativity to provide the world with new ideas and knowledge? Are numbers your worst enemy? As accountants we can take all things numbers and excel away from you so you can stick to being creative.
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Marketing Professionals

Do you help clients reach their financial goals through creative marketing strategies but struggle to reach your own financial goals due to lack of financial direction? We can make complex accounting simple so you can make informed financial business decisions.
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eCommerce

Are you running an online business? Do you struggle to keep track of all of your orders, invoices and platform fees? Look no further, we can help make sure your record keeping is kept up to date and, your tax is optimised so you can keep the orders going out.
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Do you want to boost your business?

Request a callback with either Abbie or Emily who will give you friendly expert advice.
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Registered in England: 12331229. Registered Office: Ferneberga House, Alexandra Rd, Farnborough, Hampshire, GU14 6DQ
© 2023 The Orenda Collective Ltd.
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