Existing Companies

A complete accounting service for existing businesses

What the service includes

  • Provision of registered office
  • VAT, PAYE and Corporation Tax registration
  • Full payroll administration, monthly variable payroll and preparation of end-of-year PAYE submissions
  • Client Liaison Manager and dedicated Accountant
  • Annual accounts, preparation of corporation tax returns, full paperwork for two dividends and preparation of form P11D
  • Provision of FreeAgent bookkeeping software
  • Free, unlimited telephone and email support

We can also help with the completion of your personal tax return at a small additional cost, as well as providing bookkeeping support.

Pricing

Adoption of a company that is not yet trading

Our charge for taking on an existing company that has not started trading, and for arranging all the necessary documentation, is £99.00 (+ VAT). Please be aware that, although you may need initially to pay this fee from your personal account, your company will be able to refund this out of pre-tax income.

Transfer of a company that is already trading

Our charge for transferring an existing company that is already trading and dealing with the professional clearance from your previous accountant (if you have one) is £99 (+ VAT).

We charge a basic annual fee of £1,600 (+VAT). This is payable in quarterly instalments of £400 (+VAT).

If your annual turnover does not exceed £30,000, you would be eligible for a lower accounting fee. In this case we would charge 5% of your annual turnover (with a minimum fee of £900 + VAT per year and a maximum fee of £1,600 per year).

Bespoke services, outside of our standard package, may incur an additional fee.

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Registered Office

Your registered office is co-located at our office. This means that all correspondence from Companies House and HM Revenue & Customs (HMRC) is sent to our office and is dealt with routinely by us.

If your company is located at your home address, using our office address as your registered office gives you complete privacy, prevents unwanted mail and intrusive contact originating from this source, and reduces the likelihood of identity theft originating from the Companies House database.

Payroll

Our dedicated payroll team are available to every client to guide you through the process and give advice on salary levels, tax codes, and calculations.

Every organisation is unique, and our team works closely with you to truly understand the nature and needs of your business. We will calculate your salary for you, ensuring your tax and NI obligations are paid to HMRC on time and in the correct format under the Real Time Information (RTI) legislation. We will also keep you updated on any new legislation that might affect your payroll, such as the Employment Allowance and Auto Enrolment.

Accounts Preparation & Corporation Tax

As a client you are assigned a dedicated accountant to administer your accounts and to be your primary point of contact once you start your first assignment. Your accountant will give specific guidance on record-keeping and on what are and what are not considered to be allowable company expenses for Corporation Tax purposes.

As part of our package we provide you with FreeAgent bookkeeping software, a user-friendly web-based system that enables you to bring all your finances together in one place.

From your bookkeeping  records, we prepare and file your annual accounts with HMRC and Companies House.  We also prepare your Corporation Tax computation.

And, of course, our knowledgeable accounts team are always on hand to discuss any issues you may have.

VAT

When your annual taxable turnover reaches a certain annual level, you are obliged to register for VAT.

However you may also register on a voluntary basis even if your turnover is not that high. We will apply to HMRC for your company to be registered for VAT and also register you for online quarterly VAT submissions. We would normally register you on the VAT flat rate scheme (FRS) unless it is inappropriate for your circumstances, but our staff will advise you on the best option.

Our standard bookkeeping software can calculate the tax due each quarter, making it quick and easy to complete and file your VAT returns electronically.

Guidance and assistance is always available from our VAT specialists.

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