STARTER MONTHLY ACCOUNTING SERVICE

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Our monthly accounting services help startup businesses plan ahead as they would know exactly what they are going to pay. When you subscribe to one of our monthly packages, you will pay a fixed monthly fee, allowing you to spread the cost of services over the year.

STARTER MONTHLY ACCOUNTING SERVICE

The starter monthly accounting service is for limited companies that qualify as a micro-entity and exempt from audit. The following services are included in the starter package:

• Dedicated accountant for Starter: 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/Starter: Keeping your business records on Xero Ledger or Starter. Xero Ledger is a simplified version of Xero’s standard accounting software. Xero Starter covers the essentials, including bank feeds, invoicing (up to 20 invoices and 5 bills), payments, VAT, budgeting, etc.

• Bookkeeping (30 minutes) for Starter: Taking care of your bookkeeping (up to 30 minutes per month). By law you are required to keep records about the company itself and financial and accounting records for 6 years from the end of the last company financial year they relate to, or longer.

• Payroll (1 director) for Starter: Processing of your payroll on a monthly basis. As an employer, you normally have to operate PAYE as part of your payroll. However, you do not need to register for PAYE (must keep payroll records) if none of your employees are paid £123 or more a week, get expenses and benefits, have another job or get a pension. 

• Companies House submission for Starter: Filing your company's confirmation statement. Every company, including dormant and non-trading companies, must file a confirmation statement. It confirms the information Companies House holds about your company is up to date.

• Dividends for Starter: Producing your dividend vouchers and creating board meeting minutes. If you have any retained profits in your limited company, these funds may be distributed as dividends to the company’s shareholders. Once the director(s) have decided to make an interim or final dividend payment, the declaration must be recorded in the company’s minutes and you must also provide each shareholder with a dividend voucher.

• Annual accounts for Starter: Preparing your company's statutory accounts (annual accounts) according to FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland for the micro-entities. Sending a copy of your accounts to all shareholders, Companies House and HMRC.

• Corporation Tax return for Starter: Preparing and filing your company tax return.

• Self Assessment tax return (1 director) for Starter: Preparing and submitting your Self Assessment tax return (online).

STARTER PLUS MONTHLY ACCOUNTING SERVICE

The starter plus monthly accounting service is for limited companies that qualify as a micro-entity and exempt from audit. The following services are included in the starter plus package:

• Dedicated accountant for Starter plus: 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/Starter: Keeping your business records on Xero Ledger or Starter. Xero Ledger is a simplified version of Xero’s standard accounting software. Xero Starter covers the essentials, including bank feeds, invoicing (up to 20 invoices and 5 bills), payments, VAT, budgeting, etc.

• Bookkeeping (60 minutes) for Starter plus: Taking care of your bookkeeping (up to 60 minutes per month). By law you are required to keep records about the company itself and financial and accounting records for 6 years from the end of the last company financial year they relate to, or longer.

• Payroll (5 or fewer employees) for Starter plus: Registering you as an employer with HMRC. Running your payroll on a monthly basis (collecting your payroll data, producing your payslips and payroll reports). Completing your PAYE forms (P45, P60, P11D).

• Companies House submission for Starter plus: Filing your company's confirmation statement. Every company, including dormant and non-trading companies, must file a confirmation statement. It confirms the information Companies House holds about your company is up to date.

• Company secretarial support for Starter plus: Our company secretarial support services include maintaining your company's statutory registers, completing, and filing statutory forms, meetings and resolutions. 

• Dividends for Starter plus: Producing your dividend vouchers and creating board meeting minutes. If you have any retained profits in your limited company, these funds may be distributed as dividends to the company’s shareholders. Once the director(s) have decided to make an interim or final dividend payment, the declaration must be recorded in the company’s minutes and you must also provide each shareholder with a dividend voucher.

• Annual accounts for Starter plus: Preparing your company's statutory accounts (annual accounts) according to FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland for the micro-entities. Sending a copy of your accounts to all shareholders, Companies House and HMRC. 

• Corporation Tax return for Starter plus: Preparing and filing your company tax return.

• Self Assessment tax return (1 director) for Starter plus: Preparing and submitting your Self Assessment tax return (online).

Did you know that our packages can be tailored to suit your requirements? Xcountant® the expert accountant is a London based accountancy firm. We help small business owners save time and money while complying with rules and regulations.