If – like many company directors – your accountant provides FreeAgent or Xero as part of your monthly package, what happens to your account if you decide to change accountants?
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Read the 10-Step Guide →What happens if your limited company accountant makes a mistake?

If your accountant makes a mistake, it can affect some of the most important parts of running your limited company, from annual accounts and Corporation Tax returns to payroll and VAT. … [more]
What is retained profit in a limited company?

Retained profit is the profit your limited company has built up over time after paying its business costs, taxes and dividends, rather than taking all of the available profits out of the company each year. … [more]
Is work clothing an allowable limited company expense?

Limited company owners cannot offset the cost of standard work clothes against tax, although there are some interesting exceptions. … [more]
Contractor Accountants – compare fees and costs [2026]

Contractor accountant fees vary considerably, so it pays to check what you'll be charged - and what you'll get for your money. … [more]
Can my limited company pay for parking and congestion charges?

Whether you're driving to a client site, attending a meeting in central London or travelling through a toll crossing on business, parking charges, congestion charges and road tolls soon add up. … [more]
Can you invoice before receiving your VAT registration number?

Many companies begin trading before HMRC has completed their VAT registration. If you need to invoice clients during that time, it's important to understand what you can - and can't - do while you wait. … [more]
Can you claim the cost of food and meals as a limited company expense?

It is simple enough to ask whether food and meals can be accounted for as expenses in a limited company’s accounts, and the short answer is that sometimes they can. … [more]
Does a limited company need a separate bank account?

If you incorporate a new limited company for contracting, do you have to set up a separate bank account? … [more]
How do pensions work if you’re an umbrella company employee?

In this guide, we explain how workplace pensions operate for umbrella company employees, how tax relief works, and what you should know before joining or opting out of a pension scheme. … [more]
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