Is it worth hiring an accountant?

A good accountant will normally save you more in tax than you will incur on their fees. Tax law is complicated and knowing what you can and cannot claim for against your income is not always obvious. Consequently, the cost for limited company accounts charged by accountants should be good value and will ensure that all allowances and exemptions have been properly claimed for.

Should I see accountants reviews before making a choice?

Yes we recommend seeing what other people have to say about your prospective accountants before hiring them. A good accountant will charge you a reasonable amount and ensure that all tax returns are made on time. We will ensure that you pay the correct amount of tax and vat and do not take too much out of the company by way of illegal dividends. This is a mistake many company directors make. Your dividends must have been paid only from retained profits after corporation tax.

How much does it cost to use an online accountant?

Online firms minimise their costs by not having as many fixed expenses such as office rent & rates they are in a better position to pass on the savings to you by way of lower accountancy fees. Expect to pay substantially less than high street based accountancy firms. Please also remember that cheap accountants are not necessarily the best solution for preparing your annual company accounts. You do get what you pay for and if your require a more thorough and timely service you should expect to pay just a little more.

What should I expect after hiring an accountant?

Our limited company end of year accounts cost are so low because we require payment in advance, paid securely using a credit or debit card. By working this way we avoid bad debts and can pass on the savings directly to you by way of lower limited company accountancy fees. We do not charge monthly fees - just one simple one-off cost. When you appoint us as your accountants we will send you a welcome message outlining what we need from you in order to prepare your statutory limited company accounts. We will also send you an engagement letter and request information to allow us to conduct anti money laundering searches.

Are all accountants qualified?

Unfortunately the use of the term 'accountant' is not protected in UK law. You should ensure you use a CCAB qualified accountant. CCAB has five members - ICAEW, ACCA, CIPFA, ICAS and Chartered Accountants Ireland. Using an online firm is fast becoming a popular choice as more small limited company directors decide to complete their own bookkeeping using one of the widely available cloud accountancy packages.

Remember, we provide online accountancy services to businesses and individuals throughout the UK.

Whether you are a Limited Company, Partnership, Limited Liability Partnership (LLP), Sole Trader, Small Business Owner, Landlord, Freelancer, Contractor, Individual requiring a Self Assessment Tax Return or New Business Start Up, we have the fixed cost online accountancy plan for you.