I would highly recommend your company's services to any new customer to London in a similar position to myself.
- Allan Chapmann
How to Start Contracting
As a first time contractor the information to digest can be overwhelming. London 1st therefore takes a systematic approach to get you started and make the right decisions at the very beginning.
Book a free* consultation with one of our expert company-start-up consultants either in person or via the telephone .
You simply have to register on our online tax projector and one of our expert contractor consultants will contact you and help you make the best decisions for your contracting future. It is absolutely free with no obligations and you can do it by chatting over the phone with our consultant talking your through our interactive financial projector or you make an appointment to see us in person.
In the consultation we will determine your unique requirements and guide you on the important decisions you need to make. Thereafter, we will e-mail you a contractor start-up analysis including our recommendations and a projection of what you can earn.
Choose which service will suit you.
Our services are structured to help you at whatever level of support and budget you want. If you start with maximum support, don't worry too much about being trapped in a one dimensional service because at any stage you can change to a service and support level that will suit your needs and your budget.
Upon selecting the monthly Accounting service required, London 1st will then proceed to incorporate your Limited company at a nominal fee and apply for all the relevant business and personal taxes at no additional charge.
Once all the administration is completed following the incorporation and the tax applications, our experienced consultants will provide you with a comprehensive demonstration of our online system. We also understand that you may require on-going support until you are familiar with the system and we gladly provide this as part of our valued service.
If you are uncertain how to discern a good contractor accountancy service from a bad one read our What Contractors Should look for in An Accountancy Services Provider
* Free consultations are subject to the new contractor agreeing to use the monthly Accounting services of London 1st
Free Contractor Start-up Consultation
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. This will enable you to have ultimate control and access to information on your company position whenever you need it.
Through our Online Accounting System you are able to,
When you log on, you will see that the system has a simple, user-friendly and expandable side bar for navigation.
View your Limited Company’s information such as bank account details, vat number and vat quarterly deadlines and financial year end dates.
As well as being able to set your payment rules for the current financial year. The payments rules are confirmed by the Director prior to the start of the new financial year to and where the salary/dividend amounts within the remittance advices are adhered to, the system will ensure that the confirmed thresholds are not exceeded.
Raise Customisable Invoices with useful added features to message your customers, set payment terms and save to Pdf. format as well as attach any time –sheets as required, so that you can email or print your invoices for customers and therefore ensuring prompt payment.
Expense Entry – Enter both personally paid and business expenses along with the ability to select the account to classify the type of expense.
Reports - You will now be able to view your company bank account statements, accounts receivable, Balance sheet and your Trial Balance with special drill down feature, so you can pinpoint individual transactions.
*This information is only as up to date as the last bank statement upload and account reconcile.
Company Documents – You will be able to view your company documents such as financial statements, VAT returns, certificate of incorporation and other vital information.
Remittance Advice – Following the matching of an invoice to a deposit, London 1st will provide you with a remittance advice for the period listed within the invoice. The remittance advice will inform you of how much you are able to withdraw with respect to salary, dividends and reimbursed expenses. These remittance advices are saved to the online accounting system for future reference.
Tasks – A special section that tells you which payments are due/should be made complete with the details to assist you with payments. A section to clarify transactions that we do not have any information for, such as if the bank statements which shows money has been deposited, but we do not have an invoice that matches the deposited amount