Accounting Activities in Leeds

Proactive Accountants offering much more than the regulatory compliance work required by Law. We support businesses and help them grow and flurish and keep more of the money they earn.

The legal and regulatory elements of limited company status can seem complex and having two authorities to deal with (HMRC and Companies House) can be confusing. But there are significant benefits for lots of companies in the limited liability status. The most important fact to remember is that a limited company is a different legal entity to its directors. This leads to options which can, if the circumstances are right, give you significant savings in your tax liability. Each company is different, so our advice is based on your unique circumstances. We can talk you through the options available, and how we can add value to your business, at a free informal, no obligation initial meeting.

It is common for groups of people to go into business together. The way the profit is split between the partners in a business, will be determined by the partners themselves. But the way the partners are taxed will depend on the structure of the partnership and its legal status. If there are multiple shareholders in a limited company, then this is a kind of partnership, but the term partnership refers either to a self-assessment partnership or a Limited Liability Partnership (LLP).

This type of business is generally favoured by tradespeople, shop owners and new businesses just starting out. We can help you understand what you can and can not claim as business expenses and take all the stress of HMRC deadlines away from you by ensuring you are aware of what you need to do and when. We provide tailored solutions to fit your business needs and cost effective packages to help you budget. We have flexible meeting times to suit your working day and we pride ourselves on being easy to deal with.

Covers a huge variety of tools and techniques, in fact anything that gives managers the information that they need to run the business and make sound business decisions. There are accounting principles which guide the production of such information, but these are not necessarily the same as the statutory and tax law which regulate tax returns. Potential investors are asking for management accounts more and more. Generally they will ask for a qualified accountant to produce them so that they can be comfortable that the necessary accounting conventions have been adhered to.

Keywords: management accounts, sole traders, vat, business valuations, tax advice, Business Works Uk Ltd, limited companies, business services, paye, proactive accounting

Opening Hours: Monday to Friday 9am - 5pm, Closed Saturday and SundayClosed on Bank Holidays