17 Best Accountants & Accounting Firms in Leeds 2025

The director would usually be paid a salary from the company and the after tax profits of the company are distributable to the shareholders of the company by way of a dividend payment. The timings for when a dividend is declared and paid out is chosen by the company. An individual would then pay any personal tax on these dividends via their own personal tax return. Lima Accountancy’s team of qualified accountants pride ourselves in offering first class accountancy support services to businesses throughout the UK. We’re friendly Yorkshire accountants in Leeds, based in Horsforth who love to help… It is recommended to open a separate business bank account if you haven’t already. It might be tempting to use your personal bank account for business, but this creates headaches down the line.

Tax accountant

• You need a partner who can help you think strategically about your business.
• If hiring a dedicated accountant is too expensive, you might look into accounting software.
• We meet or Skype all of our potential clients before issuing our Proposal, which identifies your needs upon which we focus our solutions.
• Whether you’re a small construction company just starting out, a well-established contractor, or a landlord who owns a portfolio of properties, we have the expertise and experience to help you succeed.
• Our aim is to relieve the concern and stress, taking care of tax obligations and leaving clients to concentrate on running their business.
• Keeping enough cash on hand is a serious challenge in our industry, especially on longer jobs.
• At Lima Accountancy, we believe that your tax shouldn’t be a burden and in turn, your accountancy fees shouldn’t be either!

You have always resolved complex accounting queries for us and has ensured all of our returns are made accurately and on time. “I have been using Lima Accountancy services for 2 years after I was dissatisfied with my previous accountants. I am very happy with the quality of service and high level of expertise that Lima have provided. Sleek is well known in Leeds as a first class provider of accounting and tax services. Save time on admin by switching to Sleek and get a local accountant to keep your finances and payroll in order.

How to Avoid Needing to Chase Late Payme…

An effective change order management system is your first line of defense against this. Your change order system should track a potential change from the moment the issue is identified to the end (whether a change order was actually issued for the work or not). If you have just set up a new limited company or you don’t have a previous accountant, we will need information about your company such as your UTR and Companies House filing code. To schedule a consultation with one of our advisors, simply contact our Leeds office via email or phone. We will discuss your needs and provide you with https://www.merchantcircle.com/blogs/raheemhanan-deltona-fl/2024/12/How-Construction-Bookkeeping-Services-Can-Streamline-Your-Projects/2874359 a bespoke quote based on your requirements.

Care Accountancy

At Lima Accountancy, we keep on top of all our payments and make sure the… If your company is established and you are switching to us from a previous accountant, all we will need is your previous accountant’s contact information. Everyone is depending on you and the pressure to keep the business moving forward feels overwhelming. Josy Woung, the managing director, is a member of the Institute of Chartered Certified accountant.

The importance of your industry

The amount you will pay will be based on your total personal income from all sources and is calculated at different rates for the various types of income and where these fall into HMRC’s tax band system. Business Tax payable is calculated on the taxable profits of a business at the applicable rates. Sole trader and partnership profits are included within an individual’s personal tax calculation and are part of the individuals total income. Limited company business profits are declared on the company’s own corporation tax return.

• This approach fosters professionalism, builds a credit history for your business, and aids with both tax filing and potential audits.
• For example, instead of a fixed 10% holdback on each progress billing, you might negotiate terms that reduce that rate to 5% once the job reaches the halfway point.
• Complying with complex tax regulations, whilst keeping track of constant shifts in legislation, can be a minefield.
• Our team of chartered accountants are at your disposal so that you can stay focused on your business’ growth.
• We’re friendly Yorkshire accountants in Leeds, based in Horsforth who love to help… It is recommended to open a separate business bank account if you haven’t already.
• To actually be effective, your cost coding system needs to be used consistently by everyone in your company.
• Forming solid construction accounting processes is absolutely critical if you want to grow your contracting business.

I provide tools, advice and financial guidance so you can keep more of your hard-earned money and reduce your tax liability. She has moved our accounts over to the cloud, produced the company accounts and my personal accounts. Unlike large accounting firms that seem to treat you like an inconvenience, Kat has taken time to advice and explain far beyond level I was expecting.

• Explore our services and how we help our clients providing a high level service with knowledge and understanding.
• Mistakes can affect your taxation position and lead to inaccurate financial reporting, resulting in investigations or even fines from HMRC.
• We provide a personalised approach where we understand your specific needs, setting the foundation for tailored bookkeeping solutions.
• At Thomas Coombs, our services include bookkeeping, tax planning and preparation, job cost tracking and analysis, financial statements, CIS returns, and more.

We are ICAEW members which means we have access to world-leading information resources, technical guidance, advisory services and local member networks. Begin your journey with Calathea Accounting by simply reaching out to our amazing team or booking a call in. As Xero specialists, we bring expertise and efficiency to your financial management. Please note that these listings are in no particular order and are based on user reviews only. If you are trading as a self employed individual or partnership, you should register with HMRC within 3 months of starting to trade. With the right tools and a trusted adviser, you’ll be able to make more money on each project.

At Lima Accountancy, we believe that your tax shouldn’t be a burden and in turn, your accountancy fees shouldn’t be either! That is why we offer a monthly payment facility to remove the large end of year payments, to clients taking up our annual services. Our accountants work on a fixed fee basis, giving you the peace of mind that there will be no hidden costs. Plus, our initial accountancy consultations are free, so you’ve nothing to lose in finding out how we can help you. We understand that your time is better spent doing what you do best, so out of office hours appointments are available upon request and we are happy to visit you.