Best Bookkeeping Services in Huddersfield

A lot of sole traders often wonder ‘should I go limited?’ 🤔 It’s definitely a FAQ to us so we thought it would be good to share a case study with you that shows why going limited could be of benefit ⬇️ A small local graphic designer came to Solutions after starting a software design project. We advised him to go limited as the software could qualify for R&D tax credits, in addition to other benefits of a limited company such as control over his tax (when to take money out to avoid paying more personal tax), and a more professional image for clients. We then helped him set up payroll so he could claim his own salary as an R&D cost. This particular person was a small one man band operation with most of his costs being his own salary and some software/consulting costs. We managed to claim £6700 for him in year one and £3500 in year two as the project was winding down.  The overall result was over £10k in cash which supported him keeping the project running. We also supported him handle all the necessary year end accounts, HMRC/Companies House filings etc. All in all, a really successful story for someone becoming a limited company.