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Why is a professional accountant crucial for start-up businesses?

Why is a professional accountant crucial for start-up businesses?

Starting your own company from scratch is an exciting time for any entrepreneur, but it comes with a raft of new responsibilities. If you’ve been used to working as a PAYE staff member, you might be used to many legal requirements being handled by your company, but now that you’re at the helm, these duties will fall to you.

From managing your accounts and understanding your business needs to helping you expand and achieve your aims, a professional accountancy service can save you time and money and pave the path towards success. Read on for why an accountant in your corner is always an enviable asset for business start-ups and company formation.

Bookkeeping, VAT Returns & Payroll

When you start a business, you’ll find you’re called upon to wear many hats and handle a wide array of different duties. A professional accountancy service can not only lighten the load but bring a new level of expertise to the table, ensuring your records are always accurate and any end of year accounting is correct, keeping you compliant. From day-to-day bookkeeping and monthly payrolls to annual tax returns, a professional accountant can take care of these important areas, allowing you to focus on what you do best; growing your successful start-up.

Professional skills on your side

When you launch a start-up, your small staff might not have the skillset you require. Employing a professional accounts department to handle the financial side of your firm can be time-consuming and expensive and you may even be unsure what qualifications and experience you should be looking for when it comes to hiring.

Enlisting an established accountancy service with experience of working with start-ups can be a wiser move, with a professional accountant on hand who understands the challenges and needs of fledgeling firms.

Future planning

Finally, when you’re looking to expand your start-up and become a small business, a professional accountant can be invaluable. You may have short-term needs or long-term goals for the future and an accountant can help you reconcile these and design a road map that allows you to achieve your ambitions for the firm. Contact our expert team today for advice and support.

Affordable Pay-monthly Packages

We offer a full range of services to limited companies, solo trader, partnership, charity, LLP, CIC as well as individuals. We have arranged our services into easy to choose packages that suit your needs.

Start-up
£ 50  / Month (+VAT)

This price plan is suitable for the start-up companies who are not VAT registered.

  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Payroll & RTI submission for 1 employee
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • Assisting with correspondence from HMRC and Companies House
  • Unlimited face to face advice and email support
  • 1 Director
  • 1 Shareholder
  • Annual turnover should be less than 80K
Limited Company
£ 100  / Month (+VAT)

This price plan is suitable for the companies who are VAT registered and turnover is less than 100K with a couple of employees.

  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission for up to 2 employees
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • MTD VAT returns submissions – quarterly
  • Unlimited face to face advice and email support
  • 1 Director
  • 1 Shareholder
  • Annual turnover should be less than 100K
Company Pro
£ 150  / Month (+VAT)

This price plan is suitable for the companies who are VAT registered; turnovers are more than 100K and have 2 directors and shareholders.

  • Company formation (if required)
  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission for up to 5 employees (Free)
  • MTD VAT returns submissions – quarterly
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • Unlimited face to face advice and email support
  • 2 Directors
  • 2 Shareholders
  • Annual turnover should be less than 200K
Company Premium
Let's talk.  / 

This bespoke price plan is suitable for the companies who are VAT registered, with more directors, shareholders and employees. Also, annual turnover is more than 200k and requires further bespoke services.

  • Company formation
  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission all employees
  • MTD VAT returns submissions – quarterly
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for the all Directors (Free)*
  • Unlimited face to face advice and email support
  • Flexible and can be discussed
  • Annual turnover should be more than 200K

Add on Services

  1. Personal Tax Returns

    This price plan is suitable for self-employed individuals, landlords and those who need to submit Self-Assessment Tax Returns.

    If you need to submit the Self-Assessment Tax Return, we can offer you competitive prices starting from £150 + VAT. Price can vary according to your nature of income. Please contact us for more details.

  2. Tax Investigation
  3. Business Legal Support
  4. Company Formation
  5. Business Mentoring
  6. ARA accounting services for ATOL & ABTA travel companies

    Our commitment to you is that we’ll ensure all the information we’ve submitted to the Civil Aviation Authority is up-to-date and accurate. 

Taxcare Accountancy was formed to provide Small & Medium Businesses with an affordable, proactive and professional accountancy services…