Adiva Accountants offer a full range of accounts and corporate taxation services. We have a deep understanding of tax and its implications. We will ensure that our clients pay as little tax as possible within the requirements of law. The most tax efficient way to trade as a self-employed or a small business, is through a limited company. However, we will conduct a full review to determine which is the most tax efficient structure for you.
The three main benefits of trading as a limited company are:
- Limited Liability: This is the most important benefit of running your business as a limited company. If your company goes into financial difficulty, all assets of shareholders are usually protected.
- Tax efficiency: Limited companies offer more flexibility in regard of taxation on profits and personal income. Directors can keep their income level below the higher tax bands. That is done through controlling the amounts and timing of their dividends and salaries.
- Professional Status: Limited companies create a professional and corporate image. This boosts the value of your business. Most businesses like to do business with companies, instead of sole traders. This is because limited companies are considered to be more established, credible and committed.
As your accountant, we know that our job is not only to prepare your accounts and corporation tax return. We use the accounts to help you make informed business and personal decisions. Therefore, we won’t just hand over your accounts to you. We will review the financial performance of the business with you. And we will answer all your questions. As a result, you’ll be able to understand how profitable and stable your business is. And finally, you will be able to make solid plans for the years ahead.
Our Advice – Accounts
Both our directors have been business owners themselves. So, they have a very good understanding of what it takes to run a business. We will advise in various accounts and tax matters, such as whether certain expenditure is allowable or not for tax purposes. We will advise whether certain expenditure is treated as capital or revenue. This is quite important, as the consequences of different tax treatments can be significant.