Stewart Accounting Services, Chartered Accountants’ Post

When setting up a limited company, one of the first decisions you'll face is choosing the right company structure. A limited company offers advantages such as limited liability, which protects your personal assets from business debts. However, it's essential to consider the administrative responsibilities, such as filing annual accounts and tax returns. Sole traders, in contrast, have simpler tax filing but lack personal liability protection. Analyse your business needs, future growth plans, and risk tolerance to decide if a limited company is the best fit for your venture. *Tip: Consult with a business advisor or accountant to thoroughly understand the implications of each structure before making your decision. #stewartaccountingservices #uk #accountinguk #bookkeepinguk #charteredaccountants #ukaccountants #ukaccounting

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