In the UK, about 91% of small businesses rely on external accountants (source: ICAEW). But does your limited company truly need one? Legally, no, but the benefits are immense. Accountants handle tasks like filing annual accounts and corporation tax returns, offer valuable business advice, and craft efficient money-saving strategies.

If you’re pondering whether to enlist the services of an accountant, consider how Cygnus can liberate you from the labyrinth of number crunching, form filling, and tick-boxing, empowering you to devote your attention to your business.

So, what exactly can an accountant do for your limited company?

1. Setting Up: Cygnus can smoothly register your business with Companies House, saving you time and ensuring seamless tax registrations.
2. Management Accounts: Clear and concise management accounts giving you the clarity you need to make informed financial decisions, allowing you to focus on your business endeavors.
3. VAT: Navigate the intricate world of VAT with Cygnus, ensuring compliance, minimizing costs, and efficiently handling returns.
4. Bookkeeping: Cygnus diligently manages day-to-day bookkeeping, liberating your time and ensuring meticulous financial records.
5. Cloud Accounting: Cygnus champions cloud accounting software like Xero, simplifying accounting processes and furnishing real-time insights.
6. Annual Accounts: Timely submission of annual accounts to HMRC and Companies House is a breeze with Cygnus, circumventing hefty fines.
7. Tax Returns: Cygnus prepares and submits precise corporation tax returns, ensuring compliance and punctual payments.

Why engage an accountant?

• Time Efficiency: Cygnus frees up your time for business expansion rather than drowning in paperwork.
• Peace of Mind: Reduce the risk of tax investigations and penalties with professional expertise.
• Cost Efficiency: More cost effective than hiring in house, with a broader range of knowledge and expertise.

When’s the best time to engage?

The best time was yesterday; the second-best is now. Early engagement ensures orderly finances and tax planning, averting surprises in the future.

Why Cygnus?

• Expertise: A trailblazing firm with a wealth of experience in small business accounting, we deal in pragmatic solutions in straight talking language.
• Friendly Approach: A professional and approachable team dedicated to simplifying your financial responsibilities.
• Cost-Effectiveness: Surprisingly affordable services aimed at saving you money.

Ready to experience the benefits of professional accounting? Contact Cygnus for a free consultation and propel your limited company to new heights.

FAQs:

1. DIY vs. Accountant: While DIY accounting is feasible, skilled accountants augment value through compliance, tax efficiency, and business advice.
2. Corporation Tax: Companies must submit a tax return to HMRC annually, due 9 months after the accounting reference date (ARD).
3. Company vs. Management Accounts: Company accounts are statutory, filed annually for public viewing. Management accounts are internal, providing insights for business decisions.
4. VAT Threshold: Companies must register for VAT once annual turnover exceeds £90,000. Cygnus guides you through registration and scheme selection.

Choose Cygnus for peace of mind and financial success!

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