Any accountant can keep your limited company tax compliant, but what your business needs is a proactive team of specialist limited company accountants to help reduce your tax liability and boost your bottom line.
Welcome to Jameco Group, accountants for limited companies
Jameco Group was established to help ambitious limited companies in Kent and beyond to become more profitable. Far from just doing the accountancy basics, our goal is to provide expert financial advice, enabling our clients to achieve their potential.
So if you are looking for an accountancy firm that will not just keep you compliant but prioritise strategic thinking and tax efficiency, look no further.
Our highly qualified and talented team has vast accounting experience, and can help you to reduce your tax liability and grow your bottom line. As your dedicated accountant, we will also provide expert guidance on income tax in order to maximise your personal income.
We’re here to take the headache out of accounting and help you retain as much company profit as possible. To enquire about our limited company accountancy services and request a quote, please get in touch.
What is a limited company?
A Limited Company is a private company that exists as a separate legal entity from its owner, unlike a sole trader or partnership. This means that the business’s assets and liabilities belong to the limited company, not the director. Likewise, the profit belongs to the company and is subject to Corporation Tax.
A big advantage of operating as a limited company is limited liability status, i.e. should the company fall on hard times and have to cease trading, the director’s personal assets are protected. There’s also the perceived prestige that can open new doors.
Directors can also potentially pay less personal tax by drawing down a combination of salary and dividends. This often proves incredibly tax efficient as it minimises the amount of National Insurance and Income Tax payable.
It’s important to understand that limited companies have increased legal responsibilities, for example, they must keep accurate accounting records and file year-end accounts with Companies House.
The business’s finances must be kept completely separate from the company directors’ personal finances using a business bank account.
Why do you need a limited company accountant?
Whilst an accountant isn’t mandatory for limited companies, there are many benefits. For one, you can say goodbye to the headache of liaising with Companies House and HMRC. A professional accountant can also implement tax planning strategies to help retain more of your profits.
It’s often more cost-effective as a director to focus on your strengths and leave the accounting to a professional accounting partner; the tax savings alone often justify the cost, as well as removing the accounting burden from your schedule.
Our limited company accounting services
We can take care of all of your accounting needs as part of a tailored monthly package. This can include:
- Limited company annual accounts
- Corporation tax returns
- VAT returns
- Construction Industry Scheme (CIS)
- New company formation
- Management accounts
- Business tax planning
- Personal tax planning for Directors
- Xero accounting software
- Year-end Accounts
We go far beyond basic accountancy – check out our additional services for limited companies such as business advisory.
Why choose Jameco Group as your limited company accountant?
Our business has been built on trust, talent and results. Over 50% of our clients have been referred to us, which we think speaks volumes. Add to that our experience, personal approach and cost-effective accounting packages, and that is what makes Jameco Group a great choice for your limited company.
Think of limited company accountancy services not as an expense, but as an investment. While Jameco is not a budget firm, we offer competitive monthly fees and deliver a high quality of service that every ambitious limited company owner deserves.
Our down-to-earth and approachable team all hold relevant degrees or professional qualifications across a number of chartered bodies. We firmly believe in in-house talent, and we never outsource work in the UK or overseas.
When you work with Jameco Group, you can expect large firm expertise but with a small firm approach to personal service. You will benefit from your own dedicated accountant from day one, who will get to know you and your business in order to provide a truly tailored service.
Our comprehensive range of limited company accounting services starts at an affordable £130+VAT per month. For a personalised quotation, please get in touch.
How much does it cost to set up a limited company?
Thinking of setting up a new business? Whilst anyone can register a new venture with Companies House, we would recommend using a professional to avoid costly errors further down the line.
For an all-inclusive fee of £250+VAT, we can provide the company incorporation certificate, shareholder certificates and memorandum of association articles, and deal with all the paperwork with Companies House.
It’s likely that the many advantages and personal tax savings of adopting a limited company business structure will dwarf any cost involved.
What tax does a limited company pay?
Limited companies pay Corporation Tax on profits. From April 2023, this remains at 19% for small businesses with profits up to £50,000, and 25% for larger businesses with profits over £250,000. Profits between £50,000 and £250,000 will be taxed at 25% but with marginal relief.
Corporation Tax is calculated on the company tax return and is most often filed alongside the limited company accounts.
A company director will often draw down on the company profit by taking a combination of salary and dividends. This is subject to personal tax and all income must be declared via a self-assessment tax return.
How much does an accountant cost for a limited company?
How much you pay for a limited company accountant depends on your priorities – if you’re looking for a firm to simply file the annual accounts there are plenty of budget options out there.
But if you want a better return on your investment, then it is worth investing in a quality accountant. As well as undertaking basic accounting tasks, they will regularly review how much tax you and your company pay in order to make profitable savings. At Jameco Group, we do just that.