At 3 Wise Bears, we understand the pressures faced by limited companies to become as tax efficient as possible. With this in mind, we have developed an accountancy solution for this exact situation. Limited companies have various legal responsibilities and there are fines and penalties for getting it wrong. This is why our service is designed to ensure limited companies always stay on top of their tax and accountancy commitments. We always deliver the right advice at the right time, and our limited company clients have continued to benefit from this time and time again. It’s also worth noting that we are ICAEW Registered and we always follow the policies and regulations outlined by the Institute of Chartered Accountants in England and Wales.
Your Own Personal Accountant
As a client of 3 Wise Bears, you’ll get your own hands on accountant, who is available for support and advice throughout the year. By using award-winning online accounting software such as FreeAgent and Xero, your accountant will always be looking at the all the right figures, which means we’re able to answer all queries quickly. Also, by having a personal accountant we are never more than one phone call away from getting the right advice. We’re always on top of the numbers and accountancy advice.
Why Form a Limited Company?
There are multiple benefits to forming as a limited company. Whilst becoming more tax efficient is an obvious benefit, limited companies also protect their owners from a legal standpoint. This is because a limited company exists as an entirely different entity from its owner. Doing this moves debt and some of the financial responsibility onto the company, keeping the owner’s assets separate from the company’s performance. Limited company status also gives businesses more credibility from a financial and customer standpoint.
However, there are many considerations to keep in mind when forming a limited company such as the legal & personal responsibilities. For example, the time taken to manage the company’s accounts. This is where we can help. Speak to our team today to find out which option is best suited to you.