Professional tax assistance for Limited Companies

Limited companies are required to submit a Corporation Tax Return, also known as the CT600. A limited company is legally separate from its owners, and it pays Corporation Tax on its profits. Our experts at Pier View Accounting are here to take the pain out of the CT600, as well as managing ongoing bookkeeping, annual accounts and Companies House obligations.

Our services for limited companies

Creating and maintaining your annual accounts
Calculating and filing your Corporation Tax returns
Managing your Companies House information
Managing your directors and shareholders dividend administration
Advising you on Director’s Loan Accounts
Ensuring consistent compliance with HMRC and Companies House, year-round

Why do you need limited company tax return accounting?

We file everything on time to keep you compliant
We’re here at the end of the phone for any issues
We will always check to see if we can reduce your tax bill
We are experts at understanding how limited companies work
We can tell you the best way to withdraw your earnings

Thinking About Going Digital?

With MTD Coming you’ll need Digital Accounting Software. We’ll help you choose what’s right for your setup.

What are the benefits of filing limited company accounts vs. individuals?

It can be a tough decision whether or not to stay as a sole trader or individual for tax purposes, or become a limited company. We’re here to walk you through the pros and cons of both to decide whether you want to pay regular tax as an individual or limited company Corporation Tax.

Operating as a limited company means you are less liable if the business faces financial difficulties

Lower tax rates for a limited company compared to a sole trader make it an attractive option

You will have a more professional, public facing business as a limited company rather than an individual

When you choose to operate as a limited company, it is effectively a separate legal entity for business

FAQ's

Frequently Asked Questions

What is a limited company?

When you set up a limited company, all of your work goes through that instead of directly through you. It is a legally separate entity that is owned by directors and/or shareholders, and offers protection for your personal assets.

How do I set up a limited company?

It’s always helpful to have a dedicated limited company tax account working on your behalf as we can get you set up and registered online the same day. All you need to do is choose a company name and directors, allocate shares and then submit the required documents.

Do I need to have a separate business bank account?

Yes, when you set up a limited company, it has to have its own bank account which keeps the business funds separate from your own personal funds. It also makes accounting easier as everything is in one place.

Can I be both the director and the only shareholder?

Of course, it’s common for ltd companies to have the same director and shareholder. You just need to pay yourself as a director through PAYE and then withdraw your dividends separately.

ARE YOU A LIMITED COMPANY IN BRISTOL, CLEVEDON OR NORTH SOMERSET?

Let’s Keep Your Books in Order

Whether you’re already operating as a limited company or wish to set up as one, we’re here to guide you every step of the way from initial registration to VAT and PAYE, as well as end of year accounts.