Running a business means keeping on top of many key tasks, including staying in line with the latest Government guidance and schemes. One of the more recent examples of this is are workplace pensions and auto-enrolment. This saw UK businesses having to automatically enrol staff who were over 22 and earned more than £10,000 in a tax year onto a workplace pension scheme. In addition, employers had to contribute towards the employees' pension payments, as well as the member of staff paying a minimum percentage too.
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.
When it comes to starting your own business, there is a lot to know and a lot to learn. Even seasoned entrepreneurs can often come across things that are new to them or challenges they have not faced before. A good idea for any owner of a new business is to look at the mistakes others have made previously. Doing this enables you to see what you should not do and will hopefully make getting your organisation established easier. But what are the top 3 mistakes to avoid when starting your own business?
If you are thinking of starting up a new business, it makes sense to plan for it properly. This can often be easier said than done, however, particularly if you have never owned your own company before. The key thing is to remain calm and make a list of crucial things you must do when first starting out. This will help you feel more in control and less overwhelmed. But what are the 3 vital tasks to take care of when you first get going?
Unfortunately, changes to Universal Credit are nothing new. The extra £20 a week that was offered as part of the pandemic relief package was questionably cut in August, and the effects of this will be felt by millions for a long time to come. If you're worried about how you're going to make ends meet and keep your house warm this winter due to Universal Credit cuts, take a look at some of our tips below.
Start-up
£
60
/ 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
Recommended Plan
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.
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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
- 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.
- Tax Investigation
- Business Legal Support
- Company Formation
- Business Mentoring
- 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.
