Services for Limited Companies from Beach Accountants

Line chart and magnifying glass Beach Accountants offer the following services for Limited Companies:

Company Registration
Annual Financial Statements
Book Keeping
Corporation Tax Returns
Payroll
VAT
Management Accounts
Book Keeping Training
Business Setup Assistance for Start Ups
HMRC Tax Investigations
Online filing

This is where the shareholders own the Private Limited Company and the Directors and Company Secretary run the company on their behalf. A Limited Company has its own legal status.

The shareholders are not responsible for the debts of the company unless they have made personal guarantees or similar transactions.

Registration and Responsibilities

The Company must be registered at Companies House for Incorporation.
To incorporate, the Company has to have a set of Memorandum and Articles of Association and complete form 10 and 12.
The Company must register with the HM Revenue & Customs (HMRC).
It is a legal requirement that you should maintain good book keeping records and keep the records for six full tax years. A penalty can be imposed by HMRC if you do not keep adequate records.
It is advisable to check for any grants or financial assistance for start-ups or expanding businesses.
Any changes to the Company structure or management, Companies House have to be notified on the appropriate paperwork.

Accounting Requirements and Deadlines.

You must produce annual Financial Statements.
Verify and return a shuttle Annual Return to Companies House.
The Company has to submit an annual Tax Return to HMRC.
Financial Statements have to be filed within 9 months to Companies House.

Tax and National Insurance Contributions

The Directors are taxed as employed and pay Income Tax and Class 1 National Insurance Contributions under a PAYE scheme.
The profits of the Company are taxed under Corporation Tax rules.
The profits are distributed to Shareholders as Dividends.
See resources for information on rates.

For further information or advice contact Beach Accountants.




Home \| Services \| FAQ \| About \| Resources \| Contact

Sole Traders \| Partnerships \| Limited Companies \| Start Ups \| Training \| Payroll \| VAT

Services for Limited Companies from Beach Accountants Beach Accountants offer the following services for Limited Companies: Company Registration Annual Financial Statements Book Keeping Corporation Tax Returns Payroll VAT Management Accounts Book Keeping Training Business Setup Assistance for Start Ups HMRC Tax Investigations Online filing This is where the shareholders own the Private Limited Company and the Directors and Company Secretary run the company on their behalf. A Limited Company has its own legal status. The shareholders are not responsible for the debts of the company unless they have made personal guarantees or similar transactions. Registration and Responsibilities The Company must be registered at Companies House for Incorporation. To incorporate, the Company has to have a set of Memorandum and Articles of Association and complete form 10 and 12. The Company must register with the HM Revenue & Customs (HMRC). It is a legal requirement that you should maintain good book keeping records and keep the records for six full tax years. A penalty can be imposed by HMRC if you do not keep adequate records. It is advisable to check for any grants or financial assistance for start-ups or expanding businesses. Any changes to the Company structure or management, Companies House have to be notified on the appropriate paperwork. Accounting Requirements and Deadlines. You must produce annual Financial Statements. Verify and return a shuttle Annual Return to Companies House. The Company has to submit an annual Tax Return to HMRC. Financial Statements have to be filed within 9 months to Companies House. Tax and National Insurance Contributions The Directors are taxed as employed and pay Income Tax and Class 1 National Insurance Contributions under a PAYE scheme. The profits of the Company are taxed under Corporation Tax rules. The profits are distributed to Shareholders as Dividends. See resources for information on rates. For further information or advice contact Beach Accountants.
Tel: 0191 427 7773 \| Fax: 0191 427 7774 \| Email: enquiries@beachaccountants.co.uk Beach Accountants - 2nd Floor, 13 Beach Road, South Shields, Tyne & Wear, NE33 2QA.

© 2006 Beach Accountants. Website Design: E-Cat Partners