Limited Companies

Engaging an accountant can provide invaluable support for established limited companies, helping directors to ensure financial stability, statutory compliance and efficient business operations.

Our hub is home to a wealth of guidance and advice covering all aspects of running a successful company, whether it is how to produce an effective business plan, dealing with all corporation tax matters, to highlighting any tax saving opportunities for directors and their businesses.

We've got you covered

Understanding an overdrawn director’s loan account

Managing the financial health of a limited company involves many responsibilities, including maintaining a balanced director’s loan account.

The top metrics every business should track in 2024

Running a successful business demands sharp focus and data driven decisions. While intuition plays a role, tracking key metrics empowers you to make informed choices and unlock your business' true pot...

Changes at Companies House – what this means for you

The changes to the Economic Crime and Corporate Transparency Act (ECCTA) received royal assent on 26th October 2023. Companies House is “aiming to introduce some of these changes on 4th March 2024… th...

Sole trader or limited company – which structure is best for my busine...

Choosing a legal structure is one of the most important decisions for a new business owner, and understanding the options can be challenging.

What you need to know about associated companies

From 1st April 2023, new associated company rules were introduced, replacing the old rules. We look at what has changed.

Key dates limited companies need to know

Staying on top of key dates will ensure you stay on track, meet deadlines and avoid paying penalties and interest. We list the key dates sole traders need to be aware of in this concise guide.

Five questions you should ask your accountant

As a business owner you want your business to be a success and so should your accountant. The relationship with your accountant is important. They are offering a service and you should be satisfied th...

How to protect your business

In this guide, we look at financial health, legal protection, cyber security, and more. It offers strategies to help UK business owners strengthen their enterprises against any challenges they may fac...

A guide to UK company formation

The UK offers countless opportunities for entrepreneurs. But how do you form a company? This guide explains the steps you need to take.

A guide to paying corporation tax

Corporation tax rates changed from 1st April 2023 for the first time since 1st April 2015. It is important to understand and anticipate these changes to allow you to budget for your tax payment.

How to boost your business’ productivity

A productive business is an efficient and profitable business. Read these tips for how you can improve your productivity.

How businesses, landlords and homeowners can cope with rising interest...

With the UK’s interest rates at a record high, what can business owners, landlords and homeowners do to deal with the impact?

How to write an invoice

Writing an effective invoice is important for ensuring you get paid on time for the goods or services you have provided. This guide outlines how to do it.

The benefits and risks of artificial intelligence for small businesses

The launch of ChatGPT has led to huge global interest in the power of artificial intelligence. But how can it benefit businesses and what are the potential risks? Read our guide to find out.

Business grants you can apply for now

Grants can be a powerful way for businesses to access funding as it’s money you don’t have to pay back. Schemes can be hard to track down though, so read our guide to grants you can currently apply fo...

A guide to market research and competitor analysis for your business

Understanding the market your business serves will help you to successfully launch your new venture and build success over time. This guide highlights factors to consider and actions to take.

How do I find the right accountant for my business?

‘How do I find a good local accountant?’, ‘when should I look for an accountant?’ and ‘do accountants offer free advice?’ are some of the most common questions business owners ask about working with a...

How to reduce the impact of the April tax increases

At the start of a new tax year, it is critical to be aware of the tax changes being introduced from April 2024, so you can prepare your business and personal finances for the months ahead. We have put...

Companies – Tax Saving Opportunities

Whether you have just started your business or have been in business for a long time, this guide will help you with your advance planning to produce tax savings

A guide to financial key performance indicators for businesses

You can use key performance indicators (KPIs) to measure the growth and financial health of your business. Read our guide to KPIs and how to choose what to track for your company.

How small businesses can deal with late payments

Late payments from customers are a frustrating obstacle to managing your business’ cash flow. Read our guide to the steps you can take to deal with overdue invoices.

A guide to cyber security for small businesses

Any business and individual could be targeted by cyber criminals, but there are various steps you can take to protect you and your business and minimise the risks.

Get ready for the April 2023 corporation tax rate increases

A significant rise in corporation tax is due to come into effect from April 2023, we explain what it means for your business.

How to plan ahead with your business

During these challenging times, many small businesses in the UK are having to adapt to secure their future. Read our tips for how you can plan for the months ahead.

Guide to corporation tax for limited companies

If you are running a limited company, you are subject to corporation tax. The rules can be complicated so it’s important to understand them to avoid a penalty. Discover everything you need to know, fr...

Eight ways to fund your small business

Finding funding can be one of the biggest challenges small business owners face. In this article, we outline eight key types of finance that can be used to start and grow a company.

Sole trader vs limited company – Which is better?

Choosing a legal structure is one of the most important decisions a new business owner needs to make, but it can be difficult to understand your options. This guide outlines the differences between be...

Guide to Capital Gains Tax for businesses

Find out everything your business needs to know about Capital Gains Tax, including how to calculate it, when to pay, and what it means when you're selling a business.

How to set up your own limited company

A limited company is a type of business entity. It is designed to be legally separate from its owners, who are known as shareholders in a limited company.

How to reduce your corporation tax bill

Find out how to legally lower your Corporation Tax bill, using expert tips and advice from TaxAssist Accountants to ensure you don’t pay more than you need to.

Why every business should have a cash flow forecast and how to build o...

A cash flow forecast is one of the most useful financial tools a business has. However far too often it is low down on their list of priorities. Survey after survey shows that business owners do not h...

Read our expert answers to your Limited Companies questions

What are the changes to company size classifications?

I have heard that the size classifications of companies between small and medium are changing. Is this correct?

How long do I need to keep my tax records?

Now that I’ve submitted my tax return, can I throw the supporting documents relating to my business and P60 away? I’ve got a lot of paperwork from over the years and it’d be great to have a sort out.

Can I save tax by running my business through a limited company?

I am a sole trader plumber and am wondering if I could save tax by running my business through a limited company? My taxable profits are around £60,000, and I anticipate they will remain at around thi...

Can I save tax by making company pension contributions?

I run my own limited company and pay myself a modest salary and also extract some of the profits via a dividend. I believe my annual taxable profits will be around £70,000 and was told I could save ta...

Can a Time to Pay arrangement help my cashflow?

My business is temporarily struggling with cashflow and I’m worried I won’t be able to pay HMRC my PAYE liability this month, will HMRC help me?

How much corporation tax should I pay?

I run my business through a limited company and make around £80,000 profit per year. I’ve heard corporation tax rates are increasing and would like to know what rate of tax I will pay moving forwards.

How can I incentivise my staff on a budget?

Given the cost of living and energy crisis, I am looking at ways to incentivise my staff, but am facing cost pressures so am limited in what I can afford to pay. Can you help me develop a strategy for...

Is a limited company the best entity for my business?

I’m starting up in business as a limited company, is this the best entity for me and can anybody access my accounts?

See how TaxAssist Accountants can help you with a free, no obligation consultation