Limited Company Accountants Scotland

limited company accountants scotland

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Limited Company Accounting For Your Business

If you choose Sutherland Black as your Limited Company Accountants in Scotland we can provide you with an end to end service to make your Limited Company run like clockwork, get great management information and make sure that you are as tax efficient as possible.

We use new technology including online accounting to make our relationship with you as efficient and streamlined as possible. We can deal with HMRC on your behalf and make sure that all your Statutory Requirements are met. Our accountants have many years of experience giving great advice and support to businesses just like yours.

The Legal Benefits Of Trading As A Limited Company

There are many benefits of trading as a Limited Company as opposed to being self employed even if you are only just starting out. One of the fundamental benefits is that it keeps the finances of your Limited Company separate to your personal finances meaning that if the worst happens and you have to wind up your Company your personal finances should not be affected.

The Tax Benefits Of Trading As A Limited Company

There are many potential tax benefits of your business trading as a Limited Company as opposed to being self employed/sole trader. If you use Sutherland Black as your Limited Company accountant we can give you advice you on structuring your Limited Company in the most tax efficient way.

There are many ways of increasing tax efficiency in a Company, among them are spouse share ownership, setting salary and dividend payments at the optimum level using pension payments for owners.

The Extra Compliance Involved In Running A limited Company

Running a Limited Company does come with extra legal responsibilities for the Directors of the Company. Companies House keeps a record of all the Limited Companies in the UK. Along with filing Annual Accounts at Companies House there is also information to be filed about the standing data and ownership of the Company.

If details or ownership change Companies House must be updated. An Annual Corporation Tax return must be filed with HMRC along the Payroll and VAT filings that apply to all businesses. If you choose use us as your Limited Company Accountants we can put together a package that covers all these requirements leaving you to get on with running your Company.

Free Limited Company Setup

We offer a free setup service for new Limited Companies if you engage our accounting services. We can set up your new Company, give you advice on the best structure, register you with HMRC, provide you with a registered office, set up a bank account and register you for VAT. We can then agree the ongoing accounting services we will provide you all for a fixed price per month.

The limited company services we offer in Scotland

  1. Annual Accounts
  2. Corporation Tax Return
  3. Online Accounting Software
  4. VAT Services
  5. Company Tax Planning
  6. Payroll Services
  7. Management Reports
  8. Business Plans
  9. Director Tax Returns

Online Limited Company Accountants for your business

We are Xero Gold Accountants and are experts in Cloud Accounting Software. Whether you do your bookkeeping or we provide you with a bookkeeping service, using Xero means all your data is on the cloud and we can collaborate with you much more easily. If you are VAT Registered Xero makes doing VAT returns much more straightforward than in the past.

Once you have a good bookkeeping system it becomes much easier to provide you with excellent financial information and we can provide you with a great management accounts service on top. If you are not yet on Cloud Accounting software we can support you in migrating.

Why choose Sutherland Black for your limited company?

We believe that our combination of plain speaking accountancy and tax advice, support for your cloud accounting software, our great service and a fixed payment per makes us an excellent proposition for your business. You will have a dedicated client manager to take care of you and make sure the delivery of your accountancy services runs smoothly.

FAQs

Can an accountant set up a limited company?

If you are thinking of setting up a new business one of our accountants can set up a Limited Company for you in under 24 hours. We will give you advice on the best structure and depending on the type of structure we may be able to set up a Limited Company bank account for your business as well.

What does an accountant do for a limited company?

Our simplest Limited Company accountancy service consists of doing the Annual Accounts and Annual Confirmation Statement for Companies House along with the Corporation Tax return for HMRC. However most of our Limited Companies use us for Tax Advice, Bookkeeping, Payroll, VAT, Pension admin etc.

Do I need an accountant for a small limited company or business?

It is actually not that straightforward for Limited Companies to do their own accounts and tax due to the special electronic formats that these have to be submitted in. Limited Company accountants have specialist software to compile and submit these filings.

How much does an accountant cost for a limited company?

We have a minimum fee of £119 per month for our basic Limited Company Accountancy Service to include Company Accounts and Tax. Each business is unique though so we always have an initial meeting or call after which we can put together a fixed price quote for our services depending on your specific requirements.

Talk to Sutherland Black for your limited company accounting

Get in touch today by completing this quick form. One of our Directors will call you back to see how we can help. We will then provide a tailored proposal for you business. Once you have accepted this your dedicated client manager will ensure that you are up and running with our accounting services in no time.

John McLaughlin Chartered Accountant Scotland

John McLaughlin

CHARTERED ACCOUNTANT
Sutherland Black are plain talking accountants based in Scotland. We’ll support your business growth and goals. Talk to John today for friendly yet expert accounting advice.

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