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Simple Accounting offers a Business Companion Service

Let us take away the burden

Being your Business Companion

Simple Accounting Ltd would like to become your business companion.  We take responsibility for all your returns and deadlines for you.  This is a much fuller service than you are likely to receive from other accountants.

We include Software, Year end Accounts, VAT returns, Payroll, Business Advice, Business Sale and Company Secretarial work. You use as much or as little of the service as you need.  We will use the rest of the time you pay for to help you to plan or market your business, train you in your software, save tax or ease your administration. 

Software

Our service is also much more 'hands on'. We keep all the records through one system - yours.  We provide you with basic, single user software for free.  You can make your choice from our recommended range.  We offer Solar Accounts, Acclivity AccountEdge (for PCs); For Mac users we offer Acclivity AccountEdge or Clearbooks and Quickbooks online.

This means, although we pay, you own the software. You are registered for this software - you therefore remain free to change accountant if you are unhappy with our service. We do expect a minimum of a two year contract. More expensive products such as Multi User AccountEdge, and Quickbooks are available to larger firms which would require this sort of heavyweight software. 

Business Advice

We know your software and system.  We learn your business processes.  We are therefore particularly well-placed to advise you.  Business support is included within our comprehensive service and all-inclusive fee.

Our experienced team can help you with all aspects of running your business.  This includes tax planning and advice, payroll, human resources and financial planning. We can help with credit applications and shares, pensions and investment decisions to allow your business to grow. 

At Simple Accounting we don't just look after the compliance issues related to the business itself. We also work to help you develop your business so that it will achieve your financial goals. We can help whether you are an individual with complex financial affairs or a business owner who wants advice about the best way of managing your business administration.

Sale of firm

Eventually you will need to sell your firm.  One of our main roles is preparing your firm for this time.  We protect your business in the event that you have to sell suddenly. We help you adverstise your firm.  We help you negotiate a good price.  We plan the tax payable.  We compose the records, which will be the basis of your buyer's 'Due Dilligence' records.  We take the strain away.
Selling your business

Personal tax

  • You advise us of all subsidiary income.
  • We will then submit online SA100 Directors Self Assessment Tax Personal Returns for your Directors-Shareholders.
  • If we feel it is appropriate we will make recommendations on Tax Credits.
  • If you involve us in a claim we will liaise with the HMRC on your behalf.

Companies House Returns

  • We complete and submit your Statutory Company Accounts for Companies House.
  • We will send you reminders for your Companies House returns.
  •  If you wish we will compose Annual Returns, Director Appointments etc.

VAT Returns

VAT is a tax which often gets overlooked. We are unusual in that we plan to save money and cashflow with the VAT payments you have to make. VAT is not an optional extra for us. As part of our service we will help you compose your VAT returns. We usually show you how to prepare your own VAT returns to minimise the net payment to the HMRC.  We review your returns at least annually and help you.

We will make sure you can:

  • recover the maximum amounts of VAT on your purchases (including the indirect costs)
  • complete your own VAT return declarations for importing and exporting
  • set up annual accounting which significantly reduces the administration problems and prevent you getting surcharged for late submission.  We can help you save VAT cashflow especially in fast-growing companies.
  • set up partial exemption for VAT where appropriate
  • plan VAT for educational and charitable organisations
  • we will often set up the cash accounting scheme which can save many thousands of pounds in cashflow
  • decide if you want to join the VAT flat rate scheme by testing the rate
  • complete your EU Intrastat and EU sales list, if required.

Payroll

We usually we arrange for your payroll to be outsourced.  We bear the cost for this.  Monthly or weekly payslips are calculated from data you supply.
  • Year end returns P35/P60s, P11Ds and C15 returns are included within the fee.
  • We show you how to make the monthly summary entries into your accounts file. You make the actual payments to your employees, based on the returns you get from the payroll service. The outsourced payroll fee is included in your monthly payment.
  • We may negotiate a PAYE Settlement Agreement to allow you to pay benefits to staff without messing up their own tax affairs.

Business Tax

  • We email your business tax calculations to you. 
  • If those are acceptable we submit your CT600 Annual Corporation Tax and supporting calculations and notes in line with your datafile. We advise you what to pay and when. 
  • We hold copies of all documents for you, and you can download these whenever they are prepared.

Year End Accounts

  • You use the book-keeping and accounting software we recommend such as Solar Accounts, Acclivity AccountEdge, or Intuit Quickbooks. You complete the datafile and transfer a copy to us. Online software includes Quickbooks online, Wave or Clearbooks.
  • An Accountant will deal with your file and email any queries to you. We may amend your datafile to reflect any errors we have discovered.  
  • We then come on site to complete accruals, check reconciliations, compose the year-end file and see what tax planning opportunities can be exploited.
  • We can help you to compose a year-end file of all your reconciliations.
  • We then arrange for the preparation of your final accounts and tax compliance papers.

Sale of firm

Eventually you will need to sell your firm.  One of our main roles is preparing your firm for this time.  We protect your business in the event that you have to sell suddenly. We help you adverstise your firm.  We help you negotiate a good price.  We plan the tax payable.  We compose the records, which will be the basis of your buyer's 'Due Dilligence' records.  We take the strain away.
Selling your business

Charges for 'Business Companion':

Our charges are modest.  We start at a mere £670 pa for an all-in service.
We are based in northern England- hence our reductions for clients close to us. However we operate nationwide.  Half of our customers are based around the M25.  We also have clients in the Midlands, Wales and the West Country.  The usual fees we offer are as follows:

Accounts Management Service (per month)
 Yorks/Lancs Elsewhere  
Micro Business (up to 1 director or employee or up to £80,000 turnover) £70 pm  £90 pm
Band A (up to 2 directors or employees or up to £120,000 turnover)
 £93 pm  £113 pm
Band B (up to 3 employees or directors or up to £150,000 turnover) £130 pm  £156 pm
Band C (up to 5 employees or up to £200,000 turnover) £173 pm  £192 pm
Band D (up to 10 employees or up to £500,000 turnover)  £217 pm  £237 pm
Band E (up to 20 employees or up to £1m turnover) £279 pm  £298 pm
Band F (up to 30 employees or up to £2m turnover)
 £328 pm  £347 pm
Band G (up to 40 employees or up to £3m turnover) £355 pm  £375 pm
Beyond this - please phone for prices.


Notes on charges:
We can only work with clients who keep records of their transactions in one of the software packages we recommend. See our 'Software' page. http://www.simpleaccounting.co.uk/software/index.php
  • We offer a reduction of 20% for excellent books. This means good reconciliation of Bank, VAT, Trade Debtors and creditors accounts, reconciliation of last year's balance sheet and elimination or reconciliation of VAT exceptions report.
  • These charges include final accounts, business and personal tax and company secretarial and support for VAT returns and payrolls (see details above). You use as much or as little of this array of services as you require. We do not charge for extras within this comprehensive list.
  • Included with this service are several training visits per year depending on size. 
  • On sale of your firm we charge £2,000 plus 2.5% of the sale value, to help with valuations, marketting of your firm, and to pay due dilligence support. 

Best Value

Simple Accounting Ltd is able to work more cost effectively because you are doing much of the basic bookkeeping work on software that we supply or recommend.  We also embody all our fees in one fixed price service - the Business Companion.  It allows all the services for one fixed price - we don't charge extras for each little bit of support we may offer.

Unlike many of the other services there are no extras for Company Formations or Annual Returns, or other odds and ends. Unlike some of the services we also come to visit you!

Also with SAL you could get a discount of up to £600 if the company prepared excellent books.  We would include licences for the company's choice of financial software including the phone helpline and upgrades.  We include a mass of extra work such as management accounts, tax planning and business advice for free.

The array of services we offer is much broader and yet rather cheaper.  We make you work efficiently so we can do our job more cost effectively.  Simple Accounting - even the fee is simple!

Consultancy and Development

Many clients use us for consultancy or training but retain existing external accountants. We are happy to respect your existing arrangements if that suits you. We are therefore happy to work on a per day or per hour rate. However with this choice you are responsible for meeting the deadlines - not us!  

See our Consultancy and Development page for more details.


SAL is one of the cheapest accountancy services mentioned on www.ITContracting.com

Next Step:

Please contact us if you need further advice.


Ask an MYOB accountant

Call us on 01422 847500Call us now on 01422 847500


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