Limited Company Accounting
Complete financial compliance and accounting services. We handle your statutory accounts, corporation tax, VAT, and payroll, keeping your SME compliant and optimized.
Accurate statutory filing and strategic tax planning
Running a limited company involves rigorous regulatory deadlines. Missing filings with Companies House or HMRC leads to immediate fines, damage to credit ratings, and directors' liability.
Internal Accountants takes over the administrative weight. We act as your virtual finance team. Our Chartered Accountants compile your statutory end-of-year accounts, file your corporation tax returns, submit quarterly VAT returns, and manage your monthly payroll and pension contributions.
More importantly, we meet with you regularly to review dividend policies, tax-efficient investments, capital allowances, and cash flow forecasts to ensure your structure matches your expansion goals.
Corporate Package Features
- Full annual statutory accounts prepared in compliance with FRS 102/105
- Corporation Tax calculation and return submission (CT600)
- VAT returns preparation and submissions via MTD software
- Monthly payroll (PAYE), payslip generation, and pension auto-enrolment
- Director salary vs. dividend optimization tax reviews
- Company secretarial support, including annual Confirmation Statements
IR35 & Payroll Support
We handle the setup of director payroll, employee auto-enrolment pensions, Construction Industry Scheme (CIS) filings, and review contractual arrangements to ensure full compliance with HMRC's strict IR35 off-payroll working rules.
Strategic corporate tax planning
Corporate tax is one of your business's largest annual cash outflows. We proactively identify legal methods to lower your taxable corporate profits before your year-end approaches:
Limited Company FAQs
What are the key tax obligations for a UK limited company?
A limited company must: 1. Pay Corporation Tax on profits (due 9 months and 1 day after the accounting year ends). 2. Submit a CT600 Corporation Tax Return (due 12 months after the year-end). 3. File Statutory Accounts with Companies House (due 9 months after the year-end). 4. Submit a Confirmation Statement annually to verify corporate details. 5. Handle VAT returns quarterly if turnover exceeds £90,000.
How should directors pay themselves to optimize tax?
UK directors typically optimize their tax liability by taking a small salary up to the primary National Insurance threshold (around £12,570) to preserve state pension credits without paying NI, and taking the remainder of their income as dividends, which carry lower tax rates and are exempt from National Insurance.
What is the difference between a Sole Trader and a Limited Company?
A limited company is a separate legal entity from its owners, meaning you have limited liability; personal assets are protected if the business fails. Companies also have more tax planning options (e.g. retaining profits inside the company, taking dividends). A sole trader is personally liable for all business debts, and all business profits are taxed as personal income in the year they are earned.
Can you help migrate our corporate bookkeeping to Xero?
Yes. We specialize in seamless software migrations. We set up Xero, map your chart of accounts, set up bank feeds, integrate receipt scanners, and train your staff, ensuring a smooth transition with zero disruption to daily trading.
Optimize your company's tax position
Partner with Internal Accountants for elite corporate accounting.
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