Limited Company Accounting

No, as a Crunch Limited company accounting client, you don’t have to worry about any of it! We take care of all the complex registrations and key filings for you. From VAT to PAYE, RTI to Self Assessments, we can handle the whole process so you don’t have to face the daunting world of tax yourself. Without Crunch, you’d be left navigating a sea of paperwork, tight deadlines, and the risk of missing something important. But with us, you’re in safe hands.

Missing your Limited company filing deadline can lead to penalties, interest charges, and potentially a late filing notice. HMRC and Companies House are strict with deadlines, and failing to file on time can affect your business reputation. With Crunch, you’ll never miss a deadline, as we handle everything for you, keeping track of your filings and ensuring timely submissions.

Absolutely! Our expert Limited company accountants can help you with tax planning strategies to ensure you're taking advantage of any allowances, deductions, and tax reliefs available to your business. We take a proactive approach to help you reduce your tax liabilities and ensure your business is tax-efficient.

As a Crunch client, you’ll be able to get a complete overview of what tax you owe with our real-time dashboard, giving you a clear and instant picture of your business finances. You’ll also be able to access all of your limited company records, such as your expense receipts, sales invoices - whether paid or unpaid - and records of your previous tax filings.

‍You must keep records for six years from the end of the last company financial year they relate to, or longer, if:

• they show a transaction that covers more than one of the company’s accounting periods
• the company has bought something that it expects to last more than six years, like equipment or machinery
• you submitted your Company Tax Return late
• HMRC has started a compliance check into your Company Tax Return.

Check out our Knowledge article, “How long should company records be retained for?”, for more information!

Your Limited company will need to prepare and submit accounts to Companies House and HMRC. Using Crunch’s accounting software can simplify this process. We ensure your business is compliant with Making Tax Digital and help streamline your tax returns with secure, organised record-keeping.

For tax efficiency, many Limited company directors choose to pay themselves a combination of salary and dividends. This method minimises National Insurance and allows for tax-efficient withdrawals. We can advise you on the best approach for your business and financial goals. Alternatively, check out our guide for more information.

As a Limited company, you may need to pay a variety of taxes, including Corporation Tax, VAT, and National Insurance. Crunch’s Limited company accountants can guide you through your tax responsibilities and ensure you're meeting deadlines while optimising your tax savings.

You must file your Limited company accounts with Companies House within nine months of your accounting period's end. Additionally, your Corporation Tax return must be submitted to HMRC within 12 months. Crunch’s team will ensure you stay compliant with deadlines.

As the director of your limited company, you are responsible for authorising your tax returns. Crunch can help you prepare some of your returns, and even file them for you, but the responsibility for signing them off is ultimately yours!

There are complex rules surrounding the type of company which must have an audit. You can find out more if you check HMRC’s website. In general terms, if your company’s turnover is below £10.2 million, and its assets are below £5.1 million, you do not need to have an audit. However, some companies with turnover and assets below these amounts elect to have an audit to comply with financial covenants.

You’ll need to include every business bank transaction that relates to your limited company to ensure your accounts remain in balance and you can reconcile them at year-end.With secure Open Banking connections, you can link your business bank account directly to your Crunch account and import all of your transactions in one simple click. From there, reconciling your bank accounts becomes a simple job!

Whether you're a small business or a growing enterprise, there's no legal obligation for a Limited company to have an accountant. However, as a limited company director, your legal responsibilities and tax obligations make having an accountant a smart choice. A good accountant can help you stay on top of your finances, submit tax returns, and free up your time to focus on growing your business. At Crunch, we make it easy with our expert team, dedicated to simplifying tax filings and saving you time.

At Crunch, we’re easy to reach, no matter your preferred method of communication. Whether you’re a small business or a growing company, you’ll always have access to real humans who are ready to help. Whether by phone, video call, live chat, or email. And soon, you’ll even be able to reach us via WhatsApp! We know your time is valuable, so we make sure getting in touch with your accountant or client manager is quick and hassle-free. No long call queues or endless email chains—just fast, expert support when you need it!

At Crunch, we offer Limited company accounting from just £2 + VAT per month for the first 3 months, then £90 + VAT p/m thereafter. For this, you get access to a whole team of expert Limited company accountants and client managers who can help you manage your business finances, tax responsibilities, and so much more!If you’re happy managing your own accounts, or you have your own accountant already, you can sign up to a Crunch Free account to help you organise your expenses, sales invoices, and other important records.