Our standard monthly accounting package for sole trader businesses, freelancers, self-employed professionals, barristers, landlords, high net worth individuals, etc. that need to register and send a tax return to HMRC. The following services included in this package:
> Dedicated accountant
All of our monthly accounting packages come with a dedicated accountant to make sure we provide the best-in-class service to our clients.
> Xero Ledger/Cashbook
Keeping your business records on Xero Ledger or Cashbook. These are simplified versions of Xero’s standard accounting software and available exclusively for accountants in practice (as part of the Xero partner programme).
> Set up as sole trader
> Register for Self Assessment
Registering you as a sole trader with HMRC. You will pay tax through Self Assessment and you will need to file a tax return every year. Being in business on your own and registering as a sole trader (sole proprietor) is the most common way to start a business in the UK. If you are a sole trader (self employed), you run your own business as an individual and you can keep all your profits after you have paid tax on them. In the meantime, you are personally responsible for any losses your business makes.
> Bookkeeping (30 minutes)
Taking care of your bookkeeping (up to 30 minutes per month). Maintaining proper records enables you to manage your business and provides an audit trail for tax purposes. By law you are required to keep records of all business income and expenditure for at least 5 years from the 31 January submission deadline of the relevant tax year.
> Annual accounts
Producing your annual accounts (year end accounts, financial statements), i.e. Profit & Loss and Balance Sheet (if required).
> Self Assessment tax return
Preparing and submitting your Self Assessment tax return (online).
Our monthly accounting packages contain all the services you need and can be easily re-tailored to suit your specific business requirements. Get in touch to find out how our highly experienced accountants can assist you and provide you with ongoing support.
Our cost-effective accounting packages and tax services are designed to help your business reach its full potential.
If you prefer to pay on a service-by-service basis (instead of a fixed monthly fee), we offer a full range of accounting services.
Need help with accounting and tax? Get your questions answered. Fill in the form and we will get back to you as soon as we can.
DISCLAIMER The information and opinions provided on this website are for general information purposes only and are not intended to constitute legal or professional advice.
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