All you need to know
what's so important about accounts anyway?
Companies have to pay taxes! Not much fun, but very much a fact. In order to pay taxes correctly, you have to know precisely how much stuff you have bought and sold.
Losing control of your profit and loss can lead to the failure of your business. You will regularly be faced with decisions such as moving office, taking on staff and buying equipment or stock. The only way you can make smart decisions, is when you know all the facts.
Company owners need to know how much money they may pay themselves in dividends. If you don't know, you could be breaking the law by taking too much.
what are my legal obligations?
As mentioned above, you are legally obliged to pay taxes on any profits you make.
If your turnover is in excess of £70,000, it's likely you also have to charge (and reclaim) VAT on anything you sell and buy. It's a little more complicated than that, but your Duport Accountant can tell you more.
You have to pay people you employ correctly (including yourself). This means getting PAYE tax figures correct, including national insurance contributions.
You have to let Companies House and HMRC know how you are doing. Each year you have to submit complete and accurate annual accounts.
will my accounts be handled by qualified accountants???
Yes. Definitely.
are those real UK based accountants that I can pick up the phone and talk to?
That's right!
so what is it really going to cost me? I mean REALLY going to cost me?
It will cost you precisely what it says on the quote form (on the right). No extra charges, fees or surprises. We charge by the month, and that's it.
get an instant price!
Get a precise monthly quote for your accounts by answering the three questions below.
Bookkeeping
Using your bank statements, bills and invoices, we build a systematic financial record of your transactions.Monthly Management of Accounts
Your profit and loss and balance sheet. This report tells you how your business is doing and helps you make important decisions on expenditure and dividends.Preparation of Annual Accounts
Each year you must disclose the financial position of your company (if you are a limited company you must also file this with Companies House). Your annual accounts will include your balance sheet and your profit & loss.SA100
SA100 self assessment tax return forms must be filed with HMRC declaring tax liability for individuals, most typically if you are self employed, a controlling company director or if you receive income beyond regular PAYE.CT600
CT600 tax return forms must be filed with HMRC declaring tax liability on profits for companies within 12 months of year end.SA800 Partnership Tax Return
SA800 tax return forms must be filed with HMRC declaring tax liability on profits for partnerships.VAT Returns
If you are registered for VAT you must notify HMRC precisely how much you have bought, sold and how much you owe them. We will provide you with the exact numbers making this a 5 minute job for you each quarter.Free Service Brochure! - Enter your email address and we'll email you a PDF guide to our service.