Who it is for. New businesses deciding whether a limited company is the right structure.
What JT Accountancy can handle
- Company setup guidance
- Companies House registration support
- Director and shareholder basics
- First tax deadline checklist
- Bookkeeping setup advice
Sole trader or limited company?
JT Accountancy’s own answer is that it depends on profit, risk, admin and tax position, and that Jordan will talk through the pros and cons before you decide. A limited company is legally separate from the people who own it, which can limit your personal liability, but it adds filing duties. Our comparison guide sets out the facts side by side.
If you start as a sole trader
If you need to complete a return and have not sent one before, you must tell HMRC by 5 October after the end of the tax year. Missing that date can lead to a penalty, so register early rather than late.
If you form a company
JT Accountancy can help with formation, with the basics of directors and shareholders, and with the first accounting, tax and bookkeeping deadlines. GOV.UK says you will also need to add Corporation Tax services to your business tax account after registering.
Set up the books on day one
It is much easier to start with a simple bookkeeping routine than to reconstruct a year later. Ask for set-up advice early, before the first invoice goes out.
Questions about starting a business
Can you set up the limited company for me?
Yes. JT Accountancy can help with formation and explain the first accounting, tax and bookkeeping deadlines.
Should I be a sole trader or limited company?
That depends on profit, risk, admin and tax position. Jordan can talk through the pros and cons before you decide.
Do I need an accountant before I start trading?
It helps. Structure and bookkeeping set-up are cheaper to get right at the start than to fix later.
Checked on GOV.UK, 13 November 2026: GOV.UK: set up a private limited company, GOV.UK: Self Assessment deadlines. JT Accountancy’s own page for this service. General information, not advice for your situation.