Running your Limited Company couldn't be easier
contractor Accounting Services
Our limited company services allow you to select a service to suit the level of support you require for the price you want to pay. For all our service you will receive your own online accounting system that we designed to for ease of use and to deliver a superior service at competitive rates. No more complicated spreadsheets.
This is our most popular service, where you submit all your information to us with our user-friendly online accounting software. We will do all the difficult accounting calculations and company returns, update your accounts on the same day and email you a detailed financial report so you know exactly how much you can pay yourself and what your liabilities are. More details...
Max. Support Company Service
Our Business Support Service goes beyond any other service offering in the market. You get everything our accounting support service offers but we will also import information from your business account and update your accounts every day to reflect what is in your company bank account so that your accounting information is live 24 hours a day with maximum integrity. We will even ask you to give us information on transactions we do not know about as they happen. More details...
Initially we advise taking on the Business Support Service (BSS) until you gain the necessary experience to take on some of the work yourself. You are not locked in to any service and changing is quick and painless. Read more about the Business Support Service.
The service you choose depends on your support requirement. If you really want to focus on generating income, the Business Support Service is perfect for you. However, if you are happy to shoulder more work yourself, the Accounting Support Service provides a simple and reliable way of achieving this without losing the vital support that we supply. Read more about the Accounting Support Service.
ACCOUNTING SUPPORT SERVICE
BUSINESS SUPPORT SERVICE
Level of Contractor Experience
|Price (Per month) Excl. VAT||£95||£125|
|Free 24/7 Online and Bookkeeping and Accounting Software||✔||✔|
|Daily bank reconciliation||X||✔|
|Dealing with Companies House and HMRC Correspondence||✔||✔|
|Vat Return Completion (inc. Flat rate)*||✔||✔|
|Personal tax return||✔||✔|
|Personal Tax Planning and Monitoring||X||✔|
|Annual Shuttle Return||✔||✔|
|Accounting References for visa/mortgage/tenancy **||X||X|
|Profit & Loss completed every day, viewable online||✔||✔|
* Does not include VAT registration.
** Prices available upon request for all references.
London 1st leads the way in providing expert advice, exceptional customer service and bespoke accounting software to the contractor and small business markets. We provide on-going accounting, payroll, bookkeeping, compliance and tax services and support for contractors as well as small and medium sized businesses across the UK. We have over 15 years’ experience, with helping people get into business and remaining compliant. Our services are utilised by small and medium size business, contractors, self-employed, land and property owners, workers in the construction industry scheme (CIS) and individuals.
Our online accounting system has been designed to give you a bookkeeping facility for entering invoices and expenses, as well as 24-hour access to vital company information that integrates directly with our own administration and accounting systems. This will enable you to have ultimate control and access to information on your company position whenever you need it.
At London 1st we value our clients for their Loyalty and reward them regularly. Whether the individuals are new to contracting or merely switching accountants, we offer a 10% discount on our monthly fees for each referral to London 1st. Please note that the discount only applies where the individuals referred has signed the set-up form listing your name as the referrer and once we have received the first full monthly accounting fee. This discount will be applied for the duration of your referrals contract with London 1st and will cease upon receipt of the last full monthly accounting fee.
Where one calendar months’ notice has been provided, London 1st will allow our existing clients’ the opportunity to request our “Dormant Service”. In doing so, your fees will reduce to £20 Plus VAT per month whilst you are travelling or merely taking a break between contracts. London 1st will ensure that your business remains compliant and all statutory filing/payment deadlines are met giving you peace of mind.
We offer free consultations to hep you decide then best structure for your personal circumstances.
If you only require financial or year end accounts preparation
Personal tax returns