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A Limited Company Accountant can play a critical role in the financial management of your company. With the right accountant, you can enjoy improved financial management. They help to increase profitability and give you peace of mind knowing that your company is compliant with tax laws. When choosing an accountant, look for an experienced, reputable, and professional individual who is a good fit for your company.<br><br>To know more visit our website https://www.cheylesmore.com
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Limited Company Accountant: What You Need to Know
Limited Company Accountant • A Limited Company Accountantis a professional who specializes in the financial management of limited companies. This type of accountant handles a wide range of tasks: • Financial tasks • Including bookkeeping • Tax planning • Financial reporting
In this content, we’ll go over the role of an Accountantin Birmingham. How they can benefit you and what to look for when choosing an accountant for your limited company.
What Does a Limited Company Accountant Do? • A Limited Company Accountant’s primary role is to manage the financial aspect of a limited company. This includes: • Bookkeeping • Tax Planning • Financial Reporting • Payroll • Budgeting
Bookkeeping • Recording and maintaining the financial records of the company, including income and expenses.
Tax Planning • Ensuring the company is compliant with tax laws and helping to cut tax liabilities.
Financial Reporting • Preparing and presenting financial statements, such as profit and loss statements, balance sheets, and cash flow statements.
Payroll • Managing the payroll process like: • Including calculating salaries • Paying employees • And handling tax and National Insurance Contributions (NICs).
Budgeting • Creating and monitoring a budget to ensure the company stays on track.
Contact Us • Cheylesmore Chartered Accountants • info@cheylesmore.com 7, Edison Buildings, Coventry CV1 4JA 02476017778