Are you looking to set up a limited company? A limited company is a great way to give your business a professional edge, it makes your business its own entity and allows you to experience a range of benefits including limited liability and tax efficiency.
Setting up a new limited company may sound daunting but it is actually a relatively straightforward process that can be made even easier by the assistance of an accountant. Mistakes, although easy to make, can be costly and difficult to rectify so it is recommended that you ensure all the documents needed are completed correctly before being returned to Companies House – many people use a specialist accountant or company formation agent for this.
The documents that need to be submitted include the Memorandum of Association and the Articles of Association as well as other forms stating the names and addresses of director’s, the registered limited company address and confirming compliance with the Companies Act. As the limited company director, you will have some legal responsibilities to the limited company so this is something to keep in mind.
These requirements include:
- Registration at Companies House
- Annual accounts and returns filed with Companies House
- Annual abbreviated accounts sent to HMRC
- Completion of an annual HMRC Corporation Tax return.
If you are unsure of the process, need advice or want us to set up the limited company for you – at Millhouses Accountancy in Sheffield we can handle all of this and more. We can take care of the setting up and secretarial needs of your new limited company. On top of this, we offer a range of additional options to help you ensure your limited company is running smoothly and Companies House records are kept up to date. An accountant for your new company will be able to handle your annual returns, submit documents to Companies House on your behalf and monitor Companies House records to ensure your files are never out of date. Contact us today or visit us at www.millhouses-accountancy.co.uk
WHY USE AN ACCOUNTANT?
An accountant will be able to help you save time and money, not only will they be able to efficiently set up your limited company at Companies House on your behalf they will also provide you with a certificate of incorporation, memorandum and articles of association as well as written up statutory books. Accountants are knowledgeable in company formation and particularly in areas such as VAT and tax which means they may be able to show you even more benefits and ways to save. Your accountant will also make sure you do not miss deadlines or forget to submit official paperwork etc. By using an accountant, you can avoid easy to make mistakes.
Call us today for more information on 0114 345 0960 to find out how our accountants can assist you in setting up a limited company.