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As
an alternative to self employed
status, many people use the limited company as their chosen
business entity. If you already have a limited company, you
will be aware of the advantages in terms of liability and
taxation (for the smaller limited company at least) of
carrying out your business in this way. If you don't already
trade as a limited company then we can assist with limited
company formations.
However, the main disadvantages of trading through a
company are the increased burden of administration and
paperwork in order to reap the benefits. For example you
will need to file a set of accounts for the company each
year and file a corporation tax return. It is often
preferable to pay yourself a salary as well, which means you
will need to calculate pay and deductions and ensure the
Inland Revenue is paid the appropriate amount at the right
time.
Milton & Partners are experts in looking after
limited companies. We can take care of all the accounts,
taxation, payroll and company administration headaches, so
that you are left alone to run your business, and enjoy the
rewards. We can even form a company for you. We can advise
on the best mix of salary and dividends and the position
with the various benefits in kind that can be provided.
If you have a limited company or are considering doing
business through one, and are interested in our services,
please contact us now for more
details. Call 0113 287 3080 or email info@miltonandpartners.co.uk |
