Specialist Accountants for Limited Companies

YRF Accountants offers all-inclusive fixed fee packages to suite all types of businesses. As your partner we will support you in every steps of your way and provide our expert advise. Our Limited Company packages start from £50.00 Plus VAT per month.

  • FREE Limited Company Formation.
  • Your own dedicated accountant always there to help you in every step.
  • Only trusted and qualified accountants.
  • 24/7 Online accountancy.

Packages and services breakdown

ACCOUNTS ONLY

  • Quarterly Bookkeeping Review
  • Annual Accounts
  • Corporation Tax Returns
  • Filing Annual Confirmation Statement
  • Self-Assessment Tax Returns for each Directors
  • HMRC Enquiries, Correspondence and Agent Services
  • Unlimited Tax Guidance and Planning
  • Accountant's Reference Letter (For Mortgage, Visa, Tenancy agreement)
  • On-Going Accountancy & Tax Support

ALL-IN-ONE

Ideal for growing small businesses
  • FREE Online Accounting System
  • Initial Software Training
  • On-going Bookkeeping
  • Self-Assessment for each Directors
  • PAYE Payroll & Pension Management
  • Annual Accounts/Financial Statements
  • Corporation Tax Preparation and Filing
  • Filing Confirmation Statement
  • Unlimited Support via Phone, Email, Zoom meeting
  • On-going Tax Guidance & Planning
  • HMRC Enquiries, Correspondence and Agent Services
  • Accountant's Reference Letter(For Mortgage, Visa, tenance agreement etc)
Popular

PROFESSIONAL

Suitable for those looking for extra support
  • FREE Online Accounting System
  • Initial Software Training
  • On-going Bookkeeping
  • Quarterly Management Accounts
  • Self-Assessment for each Directors
  • PAYE Payroll & Pension Management
  • Annual Accounts/Financial Statements
  • Corporation Tax Preparation and Filing
  • Filing Confirmation Statement
  • Unlimited Support via Phone, Email, Zoom meeting
  • On-going Tax Guidance & Planning
  • HMRC Enquiries, Correspondence and Agent Services
  • Accountant'sReference Letter (For mortgage, Visa, tenancy agreement)
  • HMRC Tax Investigation Cover
  • Business Insurance (Prof. ind., Employer Liability, Public Liability)

One trading option for a business is to operate as a limited company. As this is most tax efficient model and limiting the liability on the director(s).

Although there is perceived prestige in operating as a limited company, you will lose some of your privacy – directors’ and shareholders’ personal details and abbreviated accounts have to be filed and are open to public scrutiny.

A limited company is a distinct legal entity that is able to enter into contracts in its own name. The fact that the company is a separate legal entity from its owners is very important as it means that all the company’s liabilities are the responsibility of the company – not that of the directors and shareholders!

The only exception is if you, as director of the company, offer a bank or other creditor a personal guarantee to repay the company’s debt. In that instance you then become personally liable to repay the debt if the company is not able to.

So what are the advantages and disadvantages of incorporating your business?

Advantages:

  • Due to the Limited Liability discussed above, companies look like a more secure prospect to investors.
  • Status – the business looks more established and more professional.
  • Succession of shareholders can be more straightforward.
  • Tax efficiency – trading as a limited company can be more tax efficient due to dividendsnot attracting National Insurance and having lower tax rates.
  • Limited liability – as explained above, the company is a separate legal entity and this can protect your personal assets from business creditors if for any reason the company is unable to clear all of its debts and has to cease trading. Operating as such is especially useful if there are significant risks associated with your business activity.

Disadvantages:

  • Companies must file their accounts and various other documents on public record with Companies House, so companies have less privacy than unincorporated businesses.
  • As a general principle, you tend not to have ‘mixed-purpose’ expenditure by a company; it either is for business purposes; or it’s not. And recognizing mixed-use assets or expenditure can trigger tax charges on the relevant employees/ directors.
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