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What Does an Accountant do for a Limited Company? | eAccounts

 What Does an Accountant do for a Limited Company In this article, we explain the tasks that an accountant does for a limited company!

Filing taxes and company accounts are nearly impossible without any software these days. Different electronic formats are required for various documents. Here is where an accountant comes to your rescue. A professional accountant will ensure to take care of these filings. At the same time, accountants also manage other services. Some of them include VAT, bookkeeping, cis, payroll and more. This is why you need an accountant for a limited company to tackle this section of the business. A trusted accountant will help to manage tax-related queries. An accountant for a limited company offers several services that we will discuss below.

VAT Services & Filing of Accounts

VAT is an extremely tedious and complicated tax that requires a ton of work. Getting the VAT wrong can lead to a huge amount of fines from the HMRC. There are some areas in VAT like reporting and construction reverse charge. These need a professional accountant to track the accurate figures. Thus, it is best to keep an accountant for VAT returns. They will even help you submit the VAT on your behalf. Besides, all limited companies are required to submit P&L statements, Balance Sheets and additional notes. These are efficiently handled by an accountant for a limited company. Each of these has deadlines and a particular structure for filing that an accountant manages.

Conclusion:

Accountants play an important role in the success of any business. An accountant for a limited company manages several responsibilities at once. From business planning, and filing of accounts, to insurance policies, they tackle them all. A limited company can only benefit from the hiring of an accountant. This is a crucial routine task that needs to be handled by a professional accountant for optimal results. Thus, we suggest hiring an accountant that will ease your worries. And help you with everything related to finance.

For more information, please contact us on 02921 056209 alternatively email admin@e-accounts.co.uk

https://www.e-accounts.co.uk/2022/06/23/what-does-an-accountant-do-for-a-limited-company/ 

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