ACCOUNTANTS FOR SMALL BUSINESSES

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Our accountants help UK small businesses save time and money while fully complying with UK rules and regulations. By subscribing to one of our monthly accounting services, you pay a fixed monthly fee and spread the cost of your accounting evenly throughout the year. This gives you a clear understanding of your accounting costs and confidence that your tax affairs are being taken care of.

STANDARD MONTHLY ACCOUNTING SERVICE

The Standard Service is designed for limited companies that qualify as micro-entities and are eligible for audit exemption. The Standard Package includes the following services:

• Dedicated Accountant for Standard: Each of our monthly accounting packages includes a dedicated accountant, ensuring the delivery of exceptional service to every client.

• Xero COMPREHENSIVE for Standard: Your business records are maintained using Xero Comprehensive, which offers streamlined accounting and payroll for businesses with up to 5 employees. It includes all the key features of Xero accounting software and supports multi-currency functionality.

• Bookkeeping (60 minutes) for Standard: We take care of your bookkeeping for up to 60 minutes per month. By law, you must maintain company and accounting records for 6 years from the end of the last financial year they relate to (or longer, where required).

• VAT returns for Standard: We prepare and submit your quarterly VAT returns in accordance with HMRC requirements.

• Payroll (5 or fewer employees) for Standard: We register your company as an employer with HMRC and run your monthly payroll, including data collection, payslip production, and payroll reporting. We also complete PAYE forms such as P45, P60, and P11D.

• Companies House submission for Standard: We handle the filing of your company’s confirmation statement. All companies, including dormant and non-trading ones, must submit this statement annually to confirm that the information held by Companies House is accurate and up to date.

• Company Secretarial Support for Standard: Our company secretarial support includes maintaining statutory registers, completing and filing statutory forms, and preparing minutes and resolutions.

• Dividends for Standard: We prepare dividend vouchers and board meeting minutes for declared dividends. If your company has retained profits, these may be distributed as dividends to shareholders. Once directors declare a dividend (interim or final), it must be recorded in the minutes, and each shareholder must receive a dividend voucher.

• Annual Accounts for Standard: We prepare your company’s statutory (annual) accounts in accordance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland for micro-entities. Copies of your accounts are sent to shareholders, Companies House, and HMRC.

• Corporation Tax Return for Standard: We prepare and file your company tax return in full compliance with HMRC requirements.

• Self Assessment tax return (1 director) for Standard: We prepare and submit one Self Assessment tax return (online) for the company’s director.

• Accountant's reference (1 per year) for Standard: We provide accountant’s references and certificates to support your mortgage applications, rental verifications, or self-employment status confirmations.

Our packages can be customised to suit your individual requirements. We are highly skilled and experienced in serving clients across a wide range of industries. Xcountant® is a London-based accounting firm helping small business owners save time and money while remaining fully compliant with UK accounting regulations. Get in touch to find out more about our monthly accounting services.