{"id":133,"date":"2025-09-22T22:33:01","date_gmt":"2025-09-22T22:33:01","guid":{"rendered":"https:\/\/pajaccountants.wpenginepowered.com\/?page_id=133"},"modified":"2025-09-26T05:23:30","modified_gmt":"2025-09-26T05:23:30","slug":"limited-liability-company-accounting","status":"publish","type":"page","link":"https:\/\/pajaccountants.com\/?page_id=133","title":{"rendered":"Limited Liability Company Accounting"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Header&#8221; _builder_version=&#8221;4.27.4&#8243; background_color=&#8221;rgba(0,0,0,0.7)&#8221; background_image=&#8221;https:\/\/pajaccountants.com\/wp-content\/uploads\/2025\/09\/sasun-bughdaryan-X4VwfPzy_2o-unsplash.jpg&#8221; background_blend=&#8221;soft-light&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; header_font_size=&#8221;50px&#8221; background_layout=&#8221;dark&#8221; custom_margin=&#8221;||||false|false&#8221; hover_enabled=&#8221;0&#8243; header_font_size_tablet=&#8221;45px&#8221; header_font_size_phone=&#8221;35px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h1>Limited Liability Company Accounting<\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;About&#8221; _builder_version=&#8221;4.27.4&#8243; background_enable_image=&#8221;off&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_center&#8221; custom_padding=&#8221;||0px|||&#8221; animation_style=&#8221;zoom&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; custom_padding_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;4.27.4&#8243; custom_padding=&#8221;0px|0px|0px||false|false&#8221; custom_padding_tablet=&#8221;|0px|||false|false&#8221; custom_padding_phone=&#8221;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Many self-employed individuals or partnerships choose to form a limited company.<\/p>\n<ul>\n<li>Limited liability helps to protect you from having to pay business debts with your personal assets, such as your home.<\/li>\n<li>Your clients may have requested your services through a company, probably in part for tax reasons.<\/li>\n<li>Going limited can therefore make you more competitive.<\/li>\n<li>Partly due to the above, limited status could show more credibility.<\/li>\n<li>The most common reason, however, is the saving in national insurance.<\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>There are drawbacks to forming a company:<\/p>\n<ul>\n<li>There are additional administrative costs and higher accountancy fees.<\/li>\n<li>Late filing penalties with Companies House can be heavy. For unpaid penalties, they can freeze the company bank account or even prosecute.<\/li>\n<li>The financial position of the company is on public record.<\/li>\n<li>If the business is making a loss, say in the opening years, then the tax reliefs are less flexible.<\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Our Approch&#8221; _builder_version=&#8221;4.27.4&#8243; custom_padding=&#8221;0px||50px||false|false&#8221; animation_style=&#8221;flip&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/pajaccountants.com\/wp-content\/uploads\/2025\/09\/aaron-lefler-Vs6ip7fsld8-unsplash.jpg&#8221; title_text=&#8221;aaron-lefler-Vs6ip7fsld8-unsplash&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_button button_text=&#8221;Get In Touch&#8221; _builder_version=&#8221;4.27.4&#8243; custom_button=&#8221;on&#8221; button_text_size=&#8221;15px&#8221; button_text_color=&#8221;#FFFFFF&#8221; button_bg_color=&#8221;#188E90&#8243; button_border_width=&#8221;0px&#8221; button_border_radius=&#8221;0px&#8221; button_letter_spacing=&#8221;1px&#8221; button_font=&#8221;|800||on|||||&#8221; button_use_icon=&#8221;off&#8221; background_layout=&#8221;dark&#8221; custom_margin=&#8221;||||true&#8221; custom_padding=&#8221;16px|32px|16px|32px|true|true&#8221; hover_enabled=&#8221;0&#8243; button_letter_spacing_hover=&#8221;2px&#8221; button_bg_color_hover=&#8221;#00e2c4&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; button_text_size__hover_enabled=&#8221;off&#8221; button_one_text_size__hover_enabled=&#8221;off&#8221; button_two_text_size__hover_enabled=&#8221;off&#8221; button_text_color__hover_enabled=&#8221;off&#8221; button_one_text_color__hover_enabled=&#8221;off&#8221; button_two_text_color__hover_enabled=&#8221;off&#8221; button_border_width__hover_enabled=&#8221;off&#8221; button_one_border_width__hover_enabled=&#8221;off&#8221; button_two_border_width__hover_enabled=&#8221;off&#8221; button_border_color__hover_enabled=&#8221;off&#8221; button_one_border_color__hover_enabled=&#8221;off&#8221; button_two_border_color__hover_enabled=&#8221;off&#8221; button_border_radius__hover_enabled=&#8221;off&#8221; button_one_border_radius__hover_enabled=&#8221;off&#8221; button_two_border_radius__hover_enabled=&#8221;off&#8221; button_letter_spacing__hover_enabled=&#8221;off|desktop&#8221; button_letter_spacing__hover=&#8221;2px&#8221; button_one_letter_spacing__hover_enabled=&#8221;off&#8221; button_two_letter_spacing__hover_enabled=&#8221;off&#8221; button_bg_color__hover_enabled=&#8221;off|desktop&#8221; button_bg_color__hover=&#8221;#00e2c4&#8243; button_one_bg_color__hover_enabled=&#8221;off&#8221; button_two_bg_color__hover_enabled=&#8221;off&#8221; button_url=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjEzOSJ9fQ==@&#8221; _dynamic_attributes=&#8221;button_url&#8221; sticky_enabled=&#8221;0&#8243;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]PAJ Accountants can help you decide on the best course of action and if you decide to run the business through a company then we have a specialist service for:<\/p>\n<ul>\n<li>Forming a company, online and often in the same day.<\/li>\n<li>Corporation tax registration with HMRC.<\/li>\n<li>Correspondence with the bank regarding account opening.<\/li>\n<li>Preparation of year end accounts to comply with the Companies Acts.<\/li>\n<li>Preparation of company Tax Return.<\/li>\n<li>Calculation of corporation tax.<\/li>\n<li>Annual registered office and company secretarial service.<\/li>\n<li>Advice on choosing a year end and on dormant periods.<\/li>\n<li>Advice on registering for VAT and on VAT schemes for small businesses.<\/li>\n<li>Advice on the personal service company legislation (previously known as IR35.)<\/li>\n<\/ul>\n<p>Please contact us today for your free initial consultation and discover how we can help.<\/li>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.27.4&#8243; background_enable_color=&#8221;off&#8221; background_color_gradient_direction=&#8221;90deg&#8221; custom_padding=&#8221;30px||30px||true|false&#8221; animation_style=&#8221;zoom&#8221; box_shadow_style=&#8221;preset2&#8243; global_module=&#8221;49&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Resources<\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_4,1_4,1_4,1_4&#8243; _builder_version=&#8221;4.27.4&#8243; 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title_text=&#8221;charity-commission-index&#8221; url=&#8221;https:\/\/www.gov.uk\/government\/organisations\/charity-commission&#8221; url_new_window=&#8221;on&#8221; align=&#8221;center&#8221; align_tablet=&#8221;center&#8221; align_phone=&#8221;&#8221; align_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;4.27.4&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/pajaccountants.com\/wp-content\/uploads\/2025\/09\/companies-house-main_logo.jpg&#8221; title_text=&#8221;companies-house-main_logo&#8221; url=&#8221;http:\/\/www.companieshouse.gov.uk\/&#8221; url_new_window=&#8221;on&#8221; align=&#8221;center&#8221; align_tablet=&#8221;center&#8221; align_phone=&#8221;&#8221; align_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;4.27.4&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/pajaccountants.com\/wp-content\/uploads\/2025\/09\/1734022965716.jpg&#8221; title_text=&#8221;1734022965716&#8243; url_new_window=&#8221;on&#8221; align=&#8221;center&#8221; align_tablet=&#8221;center&#8221; align_phone=&#8221;&#8221; align_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;4.27.4&#8243; width=&#8221;60%&#8221; width_tablet=&#8221;66%&#8221; width_phone=&#8221;40%&#8221; width_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Limited Liability Company AccountingMany self-employed individuals or partnerships choose to form a limited company. Limited liability helps to protect you from having to pay business debts with your personal assets, such as your home. Your clients may have requested your services through a company, probably in part for tax reasons. Going limited can therefore make [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-133","page","type-page","status-publish","hentry"],"featured_image_src":null,"featured_image_src_square":null,"_links":{"self":[{"href":"https:\/\/pajaccountants.com\/index.php?rest_route=\/wp\/v2\/pages\/133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pajaccountants.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/pajaccountants.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/pajaccountants.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pajaccountants.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133"}],"version-history":[{"count":0,"href":"https:\/\/pajaccountants.com\/index.php?rest_route=\/wp\/v2\/pages\/133\/revisions"}],"wp:attachment":[{"href":"https:\/\/pajaccountants.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}