Daily bookkeeping, VAT and MTD, payroll, accounts and corporation tax returns
For Limited Companies
We use Xero for all our limited company clients and make sure that their Xero accounts are updated every business day for all transactions. We do this because we believe that business owners should be able to call up their current figures 24/7 enabling them to make business decisions based on the most up to date data possible. We work with all clients to produce a monthly budget which can then be used to compare to actual performance. It means our clients can see where they are outperforming and also areas for attention. We can also get in touch quickly with suggestions and provide timely tax planning advice, every client gets quarterly management accounts with proactive advice and suggestions.
To make this happen does require some action from our clients-when they spend money we ask that they forward the invoice to an email address we supply so that we can account for it properly. Thats it though-from that point on we take care of the books meaning they can focus on their business. Accurate daily figures also mean that Making Tax Digital (MTD) holds no fears for our clients. The information its ready, Xero is MTD compliant so we can submit promptly ensuring no penalties for late filing. It also ensures no extra charges from us for MTD compliance.
We offer a fixed price agreement based on the amount of transactions in the month. A transaction is simply a line in your bank account or credit card statement. This is reviewed every 3 months to ensure our clients pay the right amount and no more for their services. Remember this is an inclusive price including:
VAT quarterly returns
Corporation tax filings
Company house filings
Tax planning and general advice
An annual budget
Quarterly management accounts
Your Xero software
Here are our monthly prices (VAT exclusive):
0-10 transactions per month £85
11-20 transactions per month £110
21-30 transactions per month £130
31-50 transactions per month £160
51-75 transactions per month £200
76-99 transactions per month £250
over 100 or retail business-contact us for quote
Optional extras-monthly prices (VAT exclusive):
Director personal return £20
Payroll (up to 5 people) £20
Multi Currency. £5
Registered office. £7
Should you go limited or be a sole trader-it should not be a headache
accountancy.team provides clients with support and advice on making this big decision. We help clients balance the potential advantages of limited liability and tax savings with the disadvantages like increased compliance and IR35.
There is no easy answer but lets discuss it and come to the right decision for you and your business. If the decision is to 'go limited' we offer a free company setup for new clients.
Bookkeeping and accounts
Get Your Accounting Done Right
accountancy.team recommend Xero for your bookkeeping and accounting. It links up with your bank account bringing you regular updates on your finances. We show you how to get the information on your business that you need and our inclusive service means the figures are always up to date. Combining this with an annual budget we develop with you means clients can measure there performance regularly and react when things are not going to plan.
Advice is only really useful if its timely, too often accountants talk about what a client "could have done but its too late now". Not with us!
Don't pay any more than you have to.
accountancy.team don't do offshore tax avoidance or recommend the latest 'scheme' and bank a juicy commission. Instead we give our clients straightforward advice on what they can legally claim for, how to time spend to maximise tax advantages and for limited company owners the crucial decision on how to get money from the company to their pocket in the most tax efficient way possible.
We handle both the corporation tax and the personal tax returns for our clients ensuring that filings are made ahead of deadlines and making sure that our clients get plenty of notice on what tax will be due and when it will need to be paid.