to limited companies
Level headed support
If you’re part of the 59% of UK businesses that operate with a sole trader structure, you’ll be well aware of the many challenges it brings. Staying compliant while managing the constant demands of HMRC – be it income tax, VAT filing, record-keeping, or employment law – can leave you seriously stressed. Managing your business’s health, cash flow, and keeping your choices in line with your overarching plan is a difficult task in itself.
Similarly, as a limited company, you’ll face a barrage of requests and tax-related challenges that could derail your day-to-day affairs at a moment’s notice. But, fear not – we’re a team of qualified and experienced experts, and we’ve got your back.
Annual income tax self-assessment is where we see many of our clients reap the benefits of our service. As a sole trader, you have to account for your business’s income as an individual through a personal tax return. This has to go to HMRC on time, by 31 January each year, and while it can be submitted digitally, if it’s not right you may face an investigation or pay far too much tax. We’re here to take care of the process from start to finish – looking at all of your sources of income, from any investments you may have to the business as a whole.
As a limited company, whilst you don’t have to go through the same tax obligations as a sole trader, we’ll still help you with any potential tax reliefs, allowable expenses, or allowances before we work out your taxable profit.
We also have our finger on the pulse when it comes to more ‘classic’ accounting services for sole traders and limited companies alike. Be it bookkeeping, VAT returns, payroll, or any other admin jobs that can eat into your time, we’re here to support you.
We can offer our insight on anything that involves the future, with advice on business growth, business structures, and when it might be time to look at changing your status to a limited company. We’re all ears if you want to plan your exit – succession planning, exit strategies, and retirement are all well within our remit.
“We are extremely impressed at the service and professionalism of all at Synergee – they provide a first-class service and are always on hand to provide advice and guidance. Their knowledge of QuickBooks and ability to manage this remotely has made a huge difference to us and enables us to ensure our accounts are always in perfect order.”
IG Legal Limited