It is possible for a small business to complete and file their own accounts. However, many prefer the efficiency, knowledge and experience that an accountant can provide.
We are happy to help a company set up, and to provide accountancy and administration training, then leave it to the client to complete in-house.
We aim to provide a one stop service which covers all administration areas. Our clients include retirees with one lettings property who require a self-assessment return to large city-based companies who use our virtual PA service, bookkeeping, accountancy and social media updates.
We have extensive experience in the construction scheme industry and charities.
We invoice by the hour in 10 minute increments for most services. VAT and tax return filing fees vary depending on the amount involved, but as a rough guide a self-assessment return averages £225, a quarterly VAT return £100-£150 and monthly payroll for 5 employees, including pension calculations and filings, is £48.
The following links may be useful if you are thinking of setting up as a sole trader or in a partnership, if you employ staff or if you are a contractor or subcontractor in the construction industry.
Once a business has been running for a while, it is usual for it to evolve and changes can become necessary. The following links explain when it is a requirement to register for VAT, when an employee is required to be enroled in a pension scheme and whether it would be beneficial to change from a sole trader to a Limited Company.
The Federation of Small Businesses offers free, helpful guidance.
https://www.fsb.org.uk/resources-page/how-do-i-register-a-new-business.html
The above links to external HMRC and FSB web pages are provided for guidance only and no responsibility can be taken for any inaccuracies contained therein
Figures Bookkeeping Services - 07817 748901
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