Accounting Solutions Manchester
0161 879 7175 Contact Us
Accounting Services

We offer a wide range of friendly and professional accountancy services tailored to your business needs.

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Year End Accounts Efficient year-end accounts, prepared and filed with Companies House and HMRC. Corporation Tax Smart corporation tax support to help reduce exposure and improve efficiency. VAT Services Clear VAT advice to help you register, deregister and stay fully compliant. Startups Friendly startup accountancy support to help you start properly and stay compliant. Small Business Accounting Practical small business accounting support from friendly Manchester accountants. Personal Tax Returns Self-assessment tax returns prepared properly, with advice to reduce tax liability. Company Formation Simple company formation support to help you set up correctly from day one. Payroll Reliable payroll support to keep staff paid and HMRC reporting under control. Management Accounts Regular management accounts to help you understand performance and cash flow. Book Keeping Reliable bookkeeping services tailored to your company’s growth.
Who We Help

No matter what type of business you run, whether you’re a startup, a limited company, a partnership, or a sole trader. Our goal is to make your accounting simple, stress-free, and tailored to your unique needs.

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Startups Startup accounting support to help you launch properly and stay compliant. Small Business Accounting Friendly small business accounting to keep your finances clear and organised. Limited Companies Limited company accounting support to help you stay compliant and grow confidently. Sole Traders Tailored sole trader accounting to keep your tax, records and accounts under control. Partnerships Partnership accounting support to simplify tax, accounts and financial responsibilities.
About Us

We are a firm of ACCA Qualified Accountants based in Stretford, Manchester. We have been providing exceptional service to companies and owner-managed businesses for the last 15 years.

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Our Approach At Accounting Solutions Manchester, we take pride in our approach to helping small businesses. Our Reviews Read what our clients have to say about their experiences working with us.

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Are you thinking about setting up a limited company?

Hello Manchester Entrepreneurs! Are you thinking about setting up a limited company? With recent updates and the evolving business landscape, forming a limited company might be a strategic move to consider, especially in Manchester. Let’s explore why it might be advantageous to take this step for your business.

For a FREE no-obligation Consultation call us on 0161 879 7175.

Why Form a Limited Company?

1. Separate Legal Entity

Unlike sole traders, a limited company is a separate legal entity from its owners. This means your personal assets are protected in the event of financial trouble (Small Business UK).

2. Professional Image

Operating as a limited company can provide your business with a more professional image, which can be crucial when dealing with larger firms or securing contracts (Bytestart).

3. Tax Efficiency

For businesses making a substantial profit, forming a limited company can be more tax-efficient. Companies pay corporation tax on their profits, which is currently fixed at 25% for profits over £250,000. For smaller profits up to £50,000, a lower tax rate applies (Small Business UK). Additionally, limited companies can offer tax-free benefits to directors and employees which are not available to sole traders (Bytestart).

4. Raising Capital

Limited companies often find it easier to raise capital through selling shares or securing funding from investors, given their structured setup (Bytestart).

5. Ownership and Succession

A limited company can easily transfer ownership through the sale of shares, simplifying succession planning and changes in management (Bytestart).

Steps to Form a Limited Company

The process of setting up a limited company involves several key steps:

1. Choose a Company Name

Ensure the name is unique and not already in use or trademarked (GOV.UK).

2. Appoint Directors and Shareholders

At least one director and shareholder are required, and they can be the same person (GOV.UK).

3. Prepare Necessary Documents

You’ll need a ‘memorandum of association’ and ‘articles of association’ to define how the company will be run (GOV.UK).

4. Register with Companies House and HMRC

Once your documents are prepared, register your company with Companies House and for corporation tax with HMRC (GOV.UK) (1st Formations).

Considerations

While the benefits are significant, remember the administrative responsibilities that come with running a limited company, such as keeping detailed financial records and submitting annual accounts (Companies MadeSimple). Additionally, while your liability is limited, directors can still be held personally liable under certain circumstances, such as failing to comply with legal or financial regulations (Companies MadeSimple).

If you’re considering forming a limited company, our team of experienced accountants in Manchester can help guide you through the complexities of company formation and ensure you meet all regulatory requirements. Feel free to contact us at info@accountingsolutionsmcr.co.uk or call 0161 879 7175.

Setting up as a limited company could be a crucial decision for your business’s future. We’re here to help you make the right choice and support you in every step of your business journey.

For more information, contact us at Accounting Solutions Manchester, or get in touch on 0161 879 7175. We are here to help your business succeed!