Contact Us

Since 1 June a new type of company has been introduced called a Private Company Limited by Shares or LTD Company for short.

The LTD Company is a new simplified model of a company which reduces the administrative burden on the promoter of the business.

If you wish to transfer your sole trade business to an LTD Company you can, should you so wish, choose to have just one person appointed as director of the company.

This removes the need that was there under the old rules to have to appoint a second person who may not have a day to day involvement in the running of the business.

Existing companies can also convert a company established under the old rules to an LTD Company to avail of these simplified procedures.

If you are interested in the possibility of setting up or converting to an LTD Company then your local TaxAssist Accountant can help you through this process. Call us today for a free consultation.

 

Date published 1 Apr 2016

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 6,246 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 23 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free, no obligation consultation

1800 98 76 09

Or contact us