What are the limited company accountancy services?
Limited company accountants provide a range of services, including tax planning advice, preparing your company tax return and calculating corporation tax, and ensuring compliance with HMRC and Companies House.
The expert team at Empowered by Cloud specialise in working with construction businesses and can help with all the accountancy services listed above.
We can also set up online accounting software and provide proactive advice to make your business more tax efficient.
Who can register as a limited company?
A limited company can be set up by a single individual who will be the sole company director or a group of individuals acting as directors and shareholders.
There are no size or turnover restrictions – small companies can register as a limited company, as can businesses who haven’t yet started trading.
Registering as a limited company can help with tax efficiency but has other benefits too, such as helping you protect personal assets should your business get into financial difficulty.
What is Companies House?
Companies House is the registrar of UK companies. To become a limited company, you must register with Companies House and file specific details, including details of all company directors.
You do not have to be VAT registered to be a limited company, and you do not have to be a new business. You can transition from sole trader to limited company.