Total Books, your limited company accountants
Are you struggling to get funding, pay yourself as a limited company director, or work out your Corporation Tax liability? Sounds like you need an expert who understands the everyday challenges of running a limited company. At Total Books, we do exactly that.
We tailor our accounting services to meet your specific needs, helping you with everything from company formation to limited company taxes.
With 30 years of experience, we also provide tax planning strategies to reduce your corporation tax, capital gains tax and income tax liabilities as your profits increase.
Contact us today to find out what we can do for your company.
Why do limited companies need an accountant?
Limited company directors have a lot to juggle – day-to-day business operations, managing clients, and the financials. Having a limited company accountant can work wonders for you and your business if you’re already stretched thin. You’ll no longer have to worry about finding the time to do it all, and with Xero and TaxCalc, our secure online accounting software, you’ll have complete reassurance that your business finances are well looked after.
Accountants can save you a lot of money in the long run by ensuring that your tax returns are accurate and up-to-date. Enabling future business and tax planning.
Working with Total Books for your limited company accounting helps you manage your business in the most tax-efficient way. Whether you’re starting a new venture or already running a thriving limited company, we’ll be by your side to support you with everything from tax compliance to legal obligations.
If you are starting out, we’ll help you complete the admin and update Companies House. And while it’s entirely your decision, we can also advise you on the ideal legal structure for your new limited company to get you started on the right foot.
By providing real-time insights into a company director’s financials, such as the profits, cash flow, bank balances, debtors, creditors, taxes owed, and more, instant decisions can be made to ensure business growth and avoid oncoming problems.
Great service as always. I’ve worked with Buhir many years ago and I’ve just started up a new business needing a full set of accounts. Buhir and his team are extremely knowledgeable and go above and beyond to ensure everything is in order and all queries are answered. I’ll be working with Total Books for all of my accounts from now on. I’d highly recommend this service!
– James P.
Our accounting services for limited companies
Whether you’ve just started or have been running your limited company for years, our accounting services are designed to adapt to your needs, even as you grow. If you’re yet to incorporate, we’ll support you from the very beginning, ensuring compliance and tax efficiency when you first set up your company. Once you’ve made it past this stage, the impact of our service is endless. We’ll work with you to continue growing your profits and overcoming hurdles as they come.
Get a clear picture of your finances and save more with Total Book’s limited company accountancy services.
Our team of certified AAT-licensed accountants and bookkeepers assist with:
- Company setup, structure and registration with Companies House
- Limited company statutory accounts preparation for HMRC and Companies House
- Virtual Finance Office setup
- Preparation and filing of company tax returns
- VAT, income & corporate tax planning
- Bookkeeping and financial reporting with real-time cloud software
- Personal tax advice for high-net-worth directors
- Payroll services from timesheet to payslip for employees and directors
- Accounting software setup and training
- Business coaching & consultancy for directors & the management team
- Financial Director & CFO offering from our team of experts
- Analysis & reporting of Monthly, Quarterly & Yearly management accounts
- Credit Control, debtor chasing, and Purchase ledger & payments management
Grow your limited company with Total Books today!
When you partner with Total Books, you’ll have your own dedicated accountant who will handle all your tax and accounting matters with precision. Rest assured, we’ll keep your company finances compliant, efficient, and error-free.
Our clients love working with us because we go above and beyond to make their finances work for them. Take a look at what our happy clients have to say about us.
As the Managing Director of Total Books, I can wholeheartedly say that we truly care about all of our clients. We really enjoy helping them minimise their tax burden and implement strategies that can save them thousands, if not tens of thousands, over the years they have been with us.
Being their support when dealing with HMRC ensures that our clients feel confident and protected. We also understand the importance of easy communication, which is why we offer instant access through our WhatsApp channel. Even being able to help with other areas like legal litigation, marketing, HR or exploring the potential of AI developments. It’s the simple things, like sharing our network of professional contacts and referring like-minded business contacts. Ultimately, we aim to give our limited company clients the peace of mind they deserve, knowing they have a trusted partner in Total Books.
For one of our Limited Company Clients in the Bristol Area of Easton that manufactures & retails online products throughout the world, with a turnover of 700k – we have enacted the following tax savings over the last three years:
- VAT exemption on rental of an Investment property – 8.5k per year
- Corporate Pensions Planning for 2 Partners – 30k per year
- Directors Loan Tax Planning to offset a property mortgage – 100k over 5 years
- Dividends Planning for two shareholders – 7k per year saved
- Research & Development & Patent Box Planning – 3k per year saved.
Buhir is an amazing accountant. He has great active listening skills and always takes time to break down complex accounting issues into an easily understandable solution. He has a great personality and is always smiling. I would recommend him to anyone who is looking for an accountant that has high standards of ethics and integrity.– E-Ahmed.
Call us today on 02920 026505 or Book your free tax review today! to get started.
Frequently asked questions about limited company accounting
How many shares do I need to issue to set up a limited company?
The number of shares you need to issue to set up a limited company can vary, but in a private limited company, the minimum number of shares you can issue is typically one. In a public limited company, the minimum number of shares that must be issued is typically higher.
With built-up experience, we always advise you to start with 100 x £1.00 ordinary shares. This is important for ongoing tax planning, investment and sales in the future. With so many options for structure & planning, it’s important to consider your specific business needs.
How much do accountants charge for limited companies in the UK?
Accountants may charge a large fee for the whole year. Other accountancy firms charge a monthly fee, which varies depending on the size of your business, the number of services you provide, and the level of support you require.
At Total Books, we offer clear, flexible, and affordable pricing solutions tailored to your business needs. Our limited company accountancy packages start at £175 +VAT per month. We are happy to jump onto a free proposal meeting to provide you with an instant quote using our pricing software GoProposal and answer any pending questions you may have relating to your ltd company accounting costs.
What are the annual filings of a corporation?
Annual filings include the documents and reports that your corporation is required to submit to relevant authorities on a regular basis. The specific annual filings that your corporation is required to make may vary depending on the country it’s incorporated in and the type of corporation, but they generally include year-end statutory reports to Companies House on the corporation’s financial performance, operations, and management, as well as Corporation Tax returns to HMRC.
Companies House also ask for a confirmation statement to be completed online every year. Finally, it is common for company directors to withdraw income as dividends. For this, a yearly self-assessment tax return must also be filed with HMRC.
Who can sign off limited company accounts?
Your limited company accounts must be signed off by the board of directors and signed off by at least one company director before being submitted to Companies House. For private limited companies, the deadline for filing your company accounts is usually nine months after the end of your accounting period.
Looking for key information about a UK limited company? You can find signed accounts and other valuable details on the Companies House website. Just search for the company name or registration number, and you’ll find their online record. This record is a handy resource for anyone wanting to check filing deadlines for accounts and confirmation statements, identify people with significant control, access historical filing information, and much more.
Do I need accounting software for my limited company?
We’re a tech-focused accountancy firm that takes a modern approach to accounting. We’ll educate you on the benefits of using accountancy software to enhance your experience and speed up processes. Not only does it fit in with HMRC’s Making Tax Digital, which is becoming more and more prominent, but it also makes life much easier for you and us.
You’ll be able to see your finances and previous tax filings and work with us in real-time. With our technical approach, you can rest peacefully, knowing your data is safe and error-free. Real-time accounting software like Xero, along with its extensive network of integrated apps, offers a wealth of possibilities.
For example, in the event of an HMRC investigation, the clear audit trail within Xero is recognised and accepted by the tax authorities, saving you time and stress. Xero also streamlines tasks like automated data entry, expense tracking, online filing to the tax authorities, and so much more.
Plus, with an easy-to-use mobile app, you can instantly know where your finances are, what you owe, what your profits are and who owes you money. So, real-time decisions can be made at the touch of a button. For any growing company, Cloud Accounting Software is a must. As Certified Xero software experts, it’s our job to support you with this.
