You need a complete guide to starting a UK-limited company to get it right. That’s because the process falls under a certain process you must adhere to so that the Companies House accepts your application.
One understands why you are considering starting a UK-limited company. Its benefits are indisputable; hence necessary to take advantage of such a beneficial opportunity. For instance, it is an ideal way of optimizing your tax. The earnings you take home monthly or annually will also increase. Equally important, a limited company seems more professional and appealing to investors and lenders.
How can you successfully start a UK-limited company and enjoy such benefits if that’s the case? All you have to do is keep reading. Here is a detailed and complete guide to starting a UK limited company. Check it out.
Step 1: Ensure that a limited company is the ideal company structure to work with
With the various company structures available, ensure that you will make the best decision by choosing the limited one. First of all, ensure that you understand what a limited company is. You should also weigh its advantages and disadvantages and determine whether you are up for the task ahead of you. It is good to mention that all structures have pros and cons. Fortunately, this complete guide to starting a UK limited company covers these important aspects.
What is a Limited Company?
A limited company is a structure that separates one’s professional and personal identity. In other words, one can’t distinguish between the sole trader and the business. However, the company is a separate entity legally.
Consequently, you don’t personally own any debt associated with your company. It is one of the main reasons people always choose to start a limited company. That’s despite having more responsibilities and paperwork. The following are the advantages and disadvantages of choosing a limited company.
Advantages of a limited company
If you opt for a limited company, here are the benefits you stand to reap;
- It is tax efficient to trade under a limited company than your name
- The only loss you incur and what you invest in it since the law separates you and the company as separate entities
- Unlike trading as a person, choosing a limited company makes suppliers, investors and companies find you professional.
- It has a low registration cost
Disadvantages of a limited company
Whereas the company structure has its advantages, you must also know its disadvantages. They include the following;
- One’s information is publicly available at the Companies House
- As little as it is, you will have to pay for the company’s registration
- Running a limited company comes with administration responsibilities
- Legal responsibilities also exist
Once convinced that you want a limited company, consider the various types of this category. There are two types of limited companies, Public Limited Companies (PLCs) and Private Limited Companies (LTD).
Public Limited Companies (PLC)
Public limited companies have the following features;
- The minimum share capital is £50,000
- The number of shareholders shouldn’t be less than two
- They have limited liability
- Their shares are available to the general public
Private Limited Company (LTD)
On the other hand, private limited companies have the following features;
- They can’t trade or avail their shares to the general public
- The number of shareholders can’t exceed 50
- The company must appoint one or more directors
- They also have limited liability
Step 2: Select an appropriate company name
This step is often overlooked but is one of the most important yet difficult tasks. You need to ensure that it adheres to all the necessary rules. Let’s discuss some essential tips to get the company name right.
Ensure that the company name is unique
Interestingly, the company name doesn’t have to be unique but also not closely similar to that of an existing company. Failure to submit such a name will see it rejected. So, do yourself a favor and think it through before submitting the company name. Some tools are available online to help you identify available company names.
Consider a Trading Name
Some company names should be shorter and easier to memorize. Lucky for you, it is okay to market it using a trading name. Therefore, no need to write the full company name in neon lights for display and attention. On the contrary, consider a shorter version of its official name and make it its trade name.
That said and done, remember to display and use the exact name as per the company registration when performing any trading activity. Another important reminder is to state the trading name and the corresponding registered name on the emails, websites, and stationery.
Think About the Nature of its Business
The most basic way of giving your business a good company name is to consider its nature. The words or phrases you use should provide an idea of the goods or services you offer. If possible, get as personal as you can by using phrases or words that describe you or the business idea. Puns may also be applicable, but you must choose wisely so potential customers can understand the meaning. Here are ideas to consider while at it.
- Use an acronym instead of the long official business name
- Combine several words and make one interesting name for the limited company
- Turn to fiction or mythology since they can be inspiring
- Go for Latin or any other dead language
- Alternatively, use foreign words when naming the business
- It is okay to turn to family or friends for business names suggestions
- Take all the time you need, and don’t give up until you get it right
- One can’t reiterate enough how important uniqueness is in naming your company
- Use a company name availability checker tool on the government’s official website to ensure that your company name is different from the rest of the ones in existence
- Consider the UK Intellectual Property Office trademarks register so that your limited company name doesn’t infringe upon any existing trademark
Keep in Mind All the Rules and Regulations
Besides uniqueness, remember the following rules and regulations when naming your limited company.
- The name of your limited company must end with the term Limited or Ltd, which is its short form.
- You can’t exceed 160 characters when naming your company
- It is important to seek permission before using words such as trust and royal in your company name
- The list isn’t limited to the two words; it is up to the Companies House to decide the sensitivity of the words you use. The evaluation is done independently, and a decision is communicated once the concerned people arrive.
- Avoid using offensive words in that name.
- Your company name shouldn’t insinuate that the business has a connection with the public authority, administration, devolved government, and the national government of the United Kingdom.
Step 3: Choose the trading address for your company
You have several jurisdictions to choose from, including England and Wales, Northern Ireland, and Scotland. As long as the address is within the boundaries of the jurisdiction you choose, you are good to go. Ensure that your address is real, and don’t use a P O Box because it will be rejected.
There are three crucial addresses that you need to factor in;
- Director service address
- Business address
- Registered office address
Since two of these addresses will be publicly available at the Companies House, be careful about the ones you share. For instance, avoid listing your residential address to avoid the dangers that such a move can pose to you and your loved ones.
Step 4: Decide on the company’s directors.
A limited company requires at least one director. Regardless of the number, these are responsible for running this company. Whereas there is a minimum number of directors in a company, the government still needs to set a maximum number that a company shouldn’t exceed.
The age of the limited company director should be at least 16 years. The responsibilities are both financial and financial. Whoever becomes a director has various responsibilities to perform, including the following;
- Maintaining the limited company’s proper records.
- Ensure that the company is also registered at the Companies House
- Besides registration, file its accounts at the Companies House annually
- Following the 2016 filing requirement that replaced the Annual Return (Form AR01), you submit a confirmation statement annually. You can do it using post or online, depending on what works for you
- Remember the annual corporation tax submission to HMRC. If you have an outstanding tax, make sure you pay in 9 months and a day or before its year-end accounting.
- Self-assessment registration with the HMRC is also mandatory; remember the annual submission of your tax return.
- For a limited company with several employees, having a payroll is mandatory. Ensure that you report what you are paying the employees and their deductions to the HMRC before or on the day you pay them. Each month, ensure that you pay HMRC what’s expected of you.
- Does your limited company’s turnover surpass the VAT threshold? If nodding, remember to register for the VAT, file accordingly, and do so within the stipulated period of each financial quarter.
- Promoting the company’s success using his skills and experiences and making the right judgment whenever a need arises
- Ensuring that the accounts depict the true picture of the finances of the limited company
- Adhere to all the rules laid in the company’s articles of associations
- Inform the shareholders in case of a conflict of interest
- Putting the company first, even before you, when carrying out transactions involving it. In other words, you should focus on benefiting the limited company and not yourself as you run your day-to-day activities.
More responsibilities are put on the shoulders of the directors, especially once the company starts running. They include the following;
Acquiring Human Resource
Employees of any limited company play a part in determining its success. It is up to the director to ensure that all the staff members are doing their duties well enough to take the company to the next level. They have to hire the right employees to ensure that. Regardless of the position, excellent competency should remain constant. Directors will be liable for any failure resulting from hiring unqualified personnel.
As a director, there are instances where your interests may conflict with those of the company. Under such circumstances, you are obliged to declare this conflict of interest. Ensure that you declare it before it causes any damage and not when the conflict has already cost the limited company. Remember to submit your declaration of interest annually if you are a director. Always make the annual submission even where there is no conflict of interest.
During insolvency, the directors should sort out the creditors before thinking about the shareholders. Consequently, the directors should settle the creditors’ claims before paying the shareholders even a single penny.
Failure to do so could land the directors legal trouble with hefty repercussions. Things could get worse since you may be demanded to use personal assets to sort out the liabilities of the limited company. Besides, you can be disqualified from becoming a director again, even in the future or another company.
Notification of Change
If a change occurs in the limited company, the directors should notify the Companies House as soon as possible. Timely reporting is crucial to avoid the dire consequences of outdated information. Common changes include
- Additional issuance of shares
- Articles of association
- Company name
- Company Secretary
- Registered office address
So, if any of the above changes, the director should inform the Companies House immediately.
Step 5: Appoint shareholders
Equally important, a limited company must also have at least one shareholder. Interestingly, the shareholder can also be a director. Therefore, you can avoid involving other people when starting your small limited company. You can be the only director and sole shareholder, thus running your business alone.
If there is only one shareholder, it translates to the person owning 100% of the limited company. As much as a minimum of one shareholder is required, there’s no limit to the number of shareholders that your company can have.
As you register your company, include details of your shares and their distribution. In that regard, state the following information;
- The names of every shareholder
- The addresses of these shareholders
- How many shares does your limited company have
- What’s the value of the total number of shares, often termed as share capital
Every shareholder can have the same or a different company share depending on the number of shares.
People with Significant Control
Companies House expect you to identify any person with significant control in the limited company and inform them during its registration. According to the Companies House, the people who meet this bill perfectly are most likely those with the following characteristics;
- The right to appoint the majority of the board of directors
- The right to remove the majority of the board of directors
- Owns over 25% of the limited company’s voting rights
- Owns over 25% of the limited company’s shares
Step 6: Work on all the necessary paperwork
The following documents are necessary hence the need to keep them safe.
The company writes a share certificate to its shareholders to prove they have invested in the limited company. That’s similar to a receipt after purchasing the shares of that company. It shows their respective share of the company’s ownership. Here is the information you will find in the share certificate;
- The amount of money the shareholder paid to get those shares
- The date the shares were issued to the shareholder
- Their class of those particular shares
- The number of shares acquired by the shareholder
- Shareholder’s address and name
- The registration number of the limited company
- The limited company name
- That share certificate number
Not just any minutes but those corresponding to the first meeting convened by the directors. It is applicable even when you are the only director of that limited company. So, as weird as it sounds, you must create these minutes. Otherwise, it will be impossible to prove that the company’s directors were appointed, as should be the case.
A Memorandum of Association
This legal document is proof that all the parties, directors and shareholders, are reading from the same script regarding the formation of that limited company. All two parties will sign this binding document. Some of the document’s details include the directors’ and shareholders’ names and addresses.
Articles of Association
This legal document explains the directors’ powers and the rights of the shareholders of a certain business. To put it even better, it is a set of rules the company runs on, and they have the approval of the company’s secretary, shareholders, and directors.
It is a document containing the limited company’s registered office. It should also have the names and addresses of its directors.
It illustrates the compliance of the limited company to the Companies Act terms and conditions.
More paperwork is necessary besides these documents when running your limited company. They are classified into two broad categories, and they are as follows;
- Company records
- Records of its financial and accounting information
Failure to have these records will attract a fine of up to £3,000. Sometimes, it is enough grounds for disqualifying you as a director. To ensure you don’t experience such a fate, learn what needs to be in those records for compliance.
Here are the company details you need to keep;
- Details of the directors
- Information about shareholders
- Information about its company secretaries
- Results of all the shareholder resolutions and votes
- Indemnities are any payments the limited company has made following an issue that saw something go wrong, and the company was to blame
- Information about share transactions
- Details of any loan your limited company is to pay at a later and the person they will be paying it back to when that time comes eventually
- Information about mortgages or loans secured using the limited company’s asset
As far as the financial and accounting records are concerned, there are things to include. These details revolve around how the company received and spent money throughout that financial year. They include the following;
- All goods bought from who and sold to who
- The stock of the limited company by the time its financial year ends
- The stocktaking that led to the figure the company arrived at
- Information about the debts the company owns and what people owe it
- Information about the assets the limited company has
According to the UK government, ensure that you have records of up to 6 years about the year it can relate to. That’s not always the case; some circumstances require you to keep these records longer than 6 years. One of the situations is filing your tax returns late. Another one is purchasing something that should last for over 6 years.
Besides compliance, keeping accurate records will ensure that filing your annual tax returns is a breeze. That’s because the process requires you to calculate while factoring out the profits, turnover, and tax reliefs, among other factors. You will always get it right if the records are updated and correct.
Step 7: Settle on a SIC Code
SIC is an abbreviation of Standard Industrial Classification. As the name suggests, the SIC code determines the category under which your limited company falls. Note that the determinant of the category is the products or services you offer to your clientele. Thanks to these codes, the company can tell the number of companies under each category. It is also easy to analyze the growth of business emergence in various industries.
Sometimes, a company may offer several products or services that fall into different categories. Under such circumstances, use all the relevant SIC codes.
Step 8: Proceed To The Companies House And Register The Company And Its Address.
Once you have all the above details and paperwork, it is time to incorporate the company. Companies House has a website where one can register a limited company. Other third parties can help you with this process. Provide all the information requested to complete this process. If you do it online, the cost is £12 only. That could change if you do it via post or through a third party.
Step 9: Get A Business Bank Account
Remember that the law legally separates a limited company from its owner. Similarly, it would be best to separate your finances from your money. That’s why you must acquire a business bank account for the business to separate the two entities. Refrain from assuming that opening the account will be a breeze. It takes some time, and complications often arise. Various business owners get different experiences depending on the banks they select.
Step 10: Register for VAT
VAT registration is only sometimes applicable, but you should register if it applies to your limited company. What’s taxed is the value of the services or goods you provide. That said and done, those who need to apply for VAT registration should have a taxable turnover of over £85,000. It doesn’t include sales of goods and services exempted from VAT.
Step 11: Corporation Tax Registration
This tax applies to the profits your limited company makes. As soon as you register the company with the Companies House, register it for the corporate tax. You can do the two registrations simultaneously, but you have three months to do the corporate tax registration. The countdown of this period begins as soon as you register your limited company.
That’s because trading starts as soon as you register the company. It means you are selling your goods or services, thus generating income. It is always good to leave such obligations to an accountant unless you know how. Remember that failure to register for corporation tax registration within those three months will attract a penalty.
The corporate tax rate is 19%, and you must file it annually. Ensure you do the first filing within the last 12 months of starting your limited company. Every company has its end of the financial year since they started the companies on different dates.
Registering for corporate tax is mandatory but also easy. All you need to know is the following things;
- The date your business started operating.
- Your company’s Unique Taxpayer Reference (UTR), which is a 10-digit code
- What’s the date when the annual accounts of the limited company are made up to
Step 12: Employer Registration
If your limited company requires employees, remember to register as an employer after registering it at the Companies House. Until you complete the registration, you won’t be able to file your PAYE. The same case applies to the NI contributions to the wages and salaries of the business employees.
Step 13: Company Insurance Plan
Lastly, it would be best if you insured your business to secure it in case of a catastrophe, calamity, or accident. The common policies are usually two, public liability (PL) and Professional Indemnity (PI).
The PL insurance applies if the affected is a third party. It will pay the cost if you damage their property or cause death as you do your work. On the other hand, a PI applies when claims are made against your service delivery or work. In this case, the most common claims are associated with negligence.
Do you have other employees, or are you working alone? In the case of the former, you also need to insure your employees. It comes in handy in a claim against an employee who has caused damage.
Here are some commonly asked questions about starting a UK limited company
What’s the price I will pay to start a UK limited company?
It is no secret that a limited company is a prize that comes at a price. Here are some things you should be willing to pay to set one up.
It is one of the reasons you need to be sure that this is the company structure that suits your business best. That’s because running a limited company requires a lot of your time. The administration also needs your attention which translates to spending a substantial amount of money on it. Equally important, you need to handle a handful of legal responsibilities. So, before starting a UK-limited company, be willing to spare the necessary time for it to succeed.
You will incur some costs when registering a limited company at the Companies House. If you do it online, the registration process will cost you £12. The fee will be higher than that if you register it via post as it means you will pay £40. If you want the postal registration to take a day, you will be a registration fee of about £100. For people without an idea of how to carry out the registration process, it may be necessary to hire a consultant, such as an advisor or accountant. It will cost you some money, but that’s okay since it removes your worries about the paperwork.
Running a business and its day-to-day operations will also cost you some money. You may have to rent office space, pay utility bills, hire an advisor, or deploy software. As long as the cost is necessary, it will pay off eventually. However, until that happens, prepare to dig deep into your pocket for the services. Besides the registration cost, here are some of the common operational costs when running a business;
Confirmation Statement at Companies House
This cost is mandatory and hence unavoidable. It is paid annually, and the price is £13 for the Companies House to confirm the details of your limited company.
It is important to keep the company’s records updated and safe. Thanks to the various bookkeeping software available, you don’t have to do it manually. On the contrary, purchase one that works best for your business. They make it fast and efficient, which is good for your limited company, especially since it should be done promptly.
You will need to pay the premiums if your limited company has an insurance plan. Other payments include taxes, fines, and other company expenses.
This price is often the highest for most people, but that’s a requirement if you own a limited company. Its information must be publicly available through the online Companies House. The same applies to its directors and their earnings.
Do I have to do the limited company registration myself?
Fortunately, you don’t have to register your limited company yourself. That’s a relief to someone who has no idea how to go about it. It is also not a secret that the process requires time and effort. You may not have time to spare, but that should continue you from starting a company. In other instances, you may be confused or have no idea what to do.
That’s where an accountant comes in. these professionals know how to do all the steps necessary to start a UK limited company. Most of them have also helped people with similar needs achieve their goals. Under such circumstances, they are better equipped to propel the registration process.
On the other hand, you have all the time to focus on other important responsibilities. You can analyze how to grow your business and increase your customers instead of worrying about registration. Isn’t that the main reason you started the company in the first place? It is okay to delegate the rest of the tasks and thus work on what’s more important to your personal and business goals.
You can also get more assistance once the limited company is up and running. The help could be about crucial administrative tasks, including the following;
- Tax estimation to ensure that the final figure doesn’t get you as a surprise
- Ensuring that you meet all the deadlines, especially the vital ones, which could lead to fines and penalties, if not dismissal and disqualification
- Productive advice on strategies that can improve the business and optimal solutions for particular problems and issues
- Making sure that the finances of your limited company are on the right track
All you need to do is choose the right accountant and then sit back and relax while all that is done exemplary and diligently. With all these things out of your list of worries, you become quite productive and thus steer your business in the right direction.
How Long Should I Wait for Successful Registration of a limited company?
The answer isn’t exact because it depends on your chosen method. If you register the business online, the registration is concluded within 24 hours. On the other hand, those who choose to register via post wait for a longer period of between 8 and 10 days.
That said and done, that’s the time you wait once submitting your application. You must factor in the time needed to prepare the necessary paperwork. It could be long or short, depending on the expertise and experience of the people handling it.
How Do I Get Paid in a UK Limited Company?
There is a high chance that you were starting a limited company to make money. However, it would be best to remember that this company structure separates you and your business as different entities. Therefore, don’t use the money to meet your financial needs. However, there are various ways of taking that money from the business bank account to a personal one. Check them out!
Claim Any Unpaid Business Expenses
Did you pay any business operational costs from your pocket? Since you and the company are separate entities, it is only fair that it pays for all its expenses. All you have to do is claim the money spent back, which will be granted.
However, you must produce proof of payments, such as bills and receipts. If you want to claim any business expense, keep the receipts until the process is over. These bills and receipts are records the company needs to keep for at least 6 years.
It is good to note that there are some tax-deductible business expenses. They include entertainment expenditures, postage costs, office equipment, training fees, parking fee, and travel expenses.
Remember to fill out the P11D form meant for expense claims annually. Note these expenses in the self-assessment tax return so that you only pay what you should. The limited company also doesn’t have to pay taxes for these business expenses. It can become allowable expenses upon including it in the Tax Returns forms, usually in the employment section. Under such circumstances, HMRC won’t tax the money.
Get a Director Loan
Like any loan, the limited company will lead it to you, and you must return it within a certain period. You can also lend the company money and claim it later as a director. Records of every loan borrowed or lent between the company and the director are kept in the director loan account.
You can borrow as much money as you wish from the limited company if you are one of its directors. That said and done, keep the following details in mind;
- Upon repaying your director loan, you must wait up to 30 days after the payment to borrow another one.
- You have up to 9 months and one day to pay the loan once the limited company’s financial year ends, and failure to do so leads to a huge tax penalty.
- Don’t forget to mention the loan in your Self Assessment Tax Return if its amount is more than £10,000
- For an amount below £10,000, the limited company takes up the tax liabilities and renders you free of them.
Dividends are a portion of company profits once tax deductions and business expenses are excluded. That’s what shareholders share among themselves, usually depending on their company share percentage. If you are the only shareholder, you don’t need to share these profits with someone else.
Remember the necessary procedure for distributing these dividends. An announcement about it should be made during a board meeting. Upon receiving it, don’t forget to pay the dividends tax for an amount above £2,000. The first £2,000 won’t be taxed, but that’s different for the rest.
In some limited companies, the directors receive a regular salary. So, you can get paid as one of the directors as long as the payment is through the Pay as You Earn HMRC system. The company should also be registered as an employer.
Since it is a salary, ensure that you pay any necessary national income contribution and the corresponding income tax. The limited company should deduct the director’s salary from its filing.
Is Running a UK Limited Company Smooth?
That’s a good question because starting a business is one thing, and running it is another. Upon starting a company, use these tips to run it smoothly;
Accurate Record Keeping
HMRC expects you to record the accounting details of the limited company timely and accurate. These records come in handy when calculating taxes and returns. They are also ideal for compliance since you must keep them for up to 6 years, if not more. Ensure that you have accurate records of the following;
- Copies concerning the business expenses
- Company’s bank statements
- Receipts of the petty cash expenses
- Directors’ expenses claims
- Copies of purchase invoices
- Copies of the company’s sales
Promote the Business
You are dealing with a new limited company. So, it would be absurd to expect people to be aware of its existence. That’s why you should take the initiative of creating awareness. Besides informing people about it, ensure that you also convince them to trade with it.
There are high chances that you are not the only company providing those products or services. Ensure that you stand out so that you become the go-to provider. It won’t be easy, but it is possible if you do it right. Never hesitate to seek assistance from a professional whenever a need arises.
You can promote the company through public relationships and advertisements. The more buyers, the higher the profits, and promoting your company can make it happen.
Since the employees in your company are responsible for the success of your limited company, ensure that you hire the right person for every job. Otherwise, your business may collapse within no time. The right employees will need to make the right decisions, thus making it hard for the company to run smoothly.
Besides competency, focus on the diversity and innovation of these individuals. A mix of ideas could work magic when running a business. Equally important, their innovative ideas could take your business to the next level.
You may have the right employees, but they need to understand as much as possible about your company to give their best. Organize relevant training to help them know about the business. Teach them their responsibilities to ensure that they know what to do.
Follow all the rules and regulations of running a limited company, including permits and licenses. Otherwise, you will be running an illegal business, and your guess is as good as mine once the law catches up with you.
This tip applies before you can even register the limited company. You must know what to do before and after registering to promote success. It should cover various aspects of your products, including design, production, placement, and marketing. Don’t forget how to make them sellable, thus making a profit.
Don’t start a limited company before figuring out as much as possible about the industry you plan to venture in. If you don’t heed this advice, the chances of running a business to failure are high. Understand your target market, competition, and demand. While at it, point out the advantages and disadvantages of that industry. Maximize on the good and brace yourself well for the bad.
Is that all about starting a UK Limited Company?
As far as starting a UK limited company is concerned, there is little left. However, it is a great idea to mention the following;
It is the legal process of forming a separate corporation or entity. This separation separated the limited company’s assets and liabilities from those owned by its shareholders.
As often as people assume, directors don’t own a limited company. However, the law bound them to run and manage the business through various day-to-day activities and responsibilities.
At any point in operating the company, directors should be guided by the company shareholders’ interest. During supervising or hiring staff members, the decision should favor the limited company and not themselves.
The management of the limited company is responsible for determining its accounting period. It will use that time frame for financial reporting and accounting purposes. There are various options: quarter, month, week, calendar year, or fiscal year. Once established, the accounting period facilitates consistency when preparing the different financial statements.
Starting a UK-limited company isn’t hard; the guide above proves that. As a matter of fact, you don’t have to register one personally. If the guide doesn’t make much difference, don’t worry because the right accountant or accounting firm can do it for you excellently.
Hiring a consultant comes at a price, but it will be worth it eventually. That’s because it allows you to do other things by saving time. Feel free to hire one if you can’t afford the necessary period.
On the other hand, if you can’t afford to hire one, all is not lost. Here’s a guide that can be helpful if that’s the case. It is easy to follow, and all the steps are well explained. The government website is also full of all the necessary instructions. Follow this complete guide to starting a UK limited company, and thank me later.
You can start a limited company alone since it only needs one director and shareholder. Equally important, a director can also be a shareholder. So, the power to make your dream of creating your limited company is solely in your hands. Why don’t you make it happen because it could be the breakthrough you seek.
Last Updated on September 22, 2023 by Michael Bush
Michael is the owner of AccountantFor, which is part of the Bula Media group. As an experienced business owner and investor, Michael wanted to build AccountantFor through his personal experience of his frustration in finding the most suitable accountant for his requirements. In addition to this, we bring a number of expert views from accountancy and financial experts to help small businesses and sole traders.