YBC Academy : Accounts and Your Limited Company

Do you need a New Accountant?

Limited Companies

Congratulations on setting up a Limited Company! What’s next?

  • Do you know the most tax efficient way to take money out of your company?
  • You do not pay tax on any dividend income that falls within your Personal Allowance
  • You also get a Dividend Allowance each year
  • Have you filed your Annual Accounts on time?
  • Late filing penalties fees apply from the date the accounts are due, ranging from £150 to £1,500, if more than six months late

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