Tamen Logo

Michael Sohor & Co is now known as Tamen Accountants. This is a name change only - we are the same dedicated team, and look forward to serving our valued clients for many years to come.

Ensure your annual accounts are prepared

As the director of a limited company you naturally want to remain as tax efficient as possible. At the same time there are various legal requirements which must be met. Compliance protects your company from fines and penalties.

We provide a full service to limited companies including tax return preparation, tax planning advice, bookkeeping, and a registered office address. We do all this while promoting financial efficiency.

The service

We are experienced

We have an established team with many years’ combined experience.

We are approachable

We are always available on the phone and via email, there are no queries we can’t handle.

We are cost effective

We can save you money while providing an excellent service at an excellent price.

Your questions answered

Generally, there is a tax advantage for businesses operating though a limited company because the rate of Corporation Tax paid by companies is lower than the rate of Income Tax and National Insurance paid by sole traders. However, a limited company comes with various complications which means this option not right for everybody. Our advice will be tailored to your individual situation.

If you are happy to leave the rental income generated in the company then you might consider this. Otherwise, it doesn’t make sense because rental profits will first be subject to Corporation Tax at 19% then the income must be extracted via salary and/or dividends, which are subject to further tax. Generally a specialist p...read more

It depends on the type of car you are considering. Generally, cars which run on petrol or diesel alone are not worth running though a company; the benefit in kind (BIK) tax is too expensive. Hybrid cars and pure electric cars are very tax-efficient, and therefore might be worth putting though a company. read more

If you’re a contractor or freelancer operating through a limited company, you might be affected by IR35. The rules on this have changed recently so that it is now the end client (if they are a medium or large sized company) who is responsible for determining the employment status of any contractor. Determining IR35 status ...read more

...read more frequently asked questions for limited companies

    Related blog articles

    31st Aug 21 | Tax Planning

    Why is tax planning essential for your b...

    Simply put this means structuring your business so that you minimise your personal tax bill...

    Read more

    31st Aug 21 | Management Accounts

    10 ways management accounts can help you...

    Management accounts got its name from being accounts that are intended for the eyes of...

    Read more

    31st Aug 21 | Tax Returns

    Making Tax Digital...

    Making Tax Digital (MTD) is HMRC’s way of modernising the tax system. Paper records and...

    Read more

    ...read more articles for limited companies

    Here to support your business

    Working with Tamen Accountants means we bring our experience to your team, adding specialist knowledge making your finances work for your company. Get in touch to find out how we can help you.