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Why your business needs a dedicated accountant

Why your business needs a dedicated accountant

When starting a new business, it's common for owners to think that accounting is a fairly simple process. Keep track of your incomings and outgoings and the rest will work itself out along the way, right? Wrong! Accounting for businesses is actually very difficult and mistakes can be costly, so read on for three reasons why you need to hire a dedicated business accountant.

Year end accounts & corporation tax

At the end of every year, you'll need to provide comprehensive accounts and present them to HMRC in order to establish how much tax you need to pay. Even if your accounts are relatively straightforward, you run the risk of miscalculating and making minor errors if you don't have any experience in this area. This could leave you liable to penalties and fines, so you should always look to get professional assistance. An expert accountant will ensure that every detail is accurate, preventing you from having to revisit your returns further down the line.

Budget planning

At the heart of an effective business is good planning. This can come in a range of forms, from organising product launches to getting your branding right. However, none of this can happen without an accurate budget. A well-organised budget will ensure that you have the funds necessary when you need them and will offer you plenty of flexibility. Experienced accountants will be able to take a look at your accounts and do what they can to maximise your budget going forward.

Audit support services

As a small business, it's unlikely you'll deal get an external audit. However, in the event that you do, you need to make sure that all of your documentation is easy to understand and well organised. Otherwise, you may find yourself scrambling to get all of your information together and potentially miss documents that may be key to a positive outcome. Audit support services will ensure you're ready for an unexpected audit and help it run as smoothly as possible. If you're looking for quality accounting services for your business, get in touch with the Taxcare Accountancy team today and find out what we can do for you.

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…