myaccountant

Service Summary

As discussed, MyAccountant.co.uk specialise in providing incorporation, advice, ongoing accounts, administration and invoicing for your limited company, leaving you to concentrate on the contracting. You’ll increase your take-home pay by at least 10-15% by operating in this way when compared with a PAYE umbrella. It is by far the most tax efficient method of operating for contractors earning over £40,000 per annum.

Based on the figures which you kindly provided, you’d be looking at a ‘take-home’ (after all taxes) of at least 73.25% ; this works out as approximately £6,505 per month. Please be advised that this is a guide figure and is subject to a number of variables (eg. actual annual turnover, salary level, share split, eventual expenses amount etc.)

You would be assigned a fully qualified personal Accountant (with specific experience of working with contractors) to provide advice and help with all queries, from general questions to detailed accounts issues ; we pride ourselves on our client care and strive to offer a friendly, jargon-free and proactive service.

How a Ltd company operates

The way it works is that, once your company is incorporated, MyAccountant.co.uk invoice on your behalf and gross earnings are then paid from the agency directly into your business bank account. We then advise what amount needs to be set aside for tax liabilities, with a monthly salary and tax-efficient dividends then drawn off by you into your personal account as ‘take-home’ earnings. The MyAccountant.co.uk service is designed to take all the hassle out of your hands, leaving you to focus on the contracting, whilst also taking advantage of your ltd company tax benefits.

Your responsibilities

The responsibilities which you take on are those of setting up the business bank account, deciding your salary/dividend split and making the requisite tax payments to HMRC as and when advised by us.

 

MyAccountant.co.uk Services

 

Accountancy Services:                                                                                

ü  Preparation of full year-end Accounts and quarterly Management Accounts

ü  VAT Computations & Returns

ü  PAYE / NI Computations & Returns

ü  Corporation Tax Computations & Returns

ü  Completion of all Year End Returns

Bookkeeping and Payroll Services:                                                                        

ü  Bank Reconciliations and Cash Book

ü  Director’s Remuneration (up to 5 payroll instances per month)

ü  Preparation of Sales Invoices

Company Secretarial Services:                                                         

ü  Provision of registered address

ü  Preparation and Filing of all HMRC/Companies House Forms

ü  Preparation and Filing of Company Annual Return

 

Fees

Service	Fee	Current Offer
Full Ltd Company Services (non VAT-registered company)	£99+VAT per month	12 months for the price of 9
Full Ltd Company Services (VAT-registered company)	£120+VAT per month	“
Ltd Company Incorporation	£100+VAT (one-off cost)	Free
Ltd company Close-down (if required)	£350+VAT (one-off cost)	£295+VAT
Personal Tax return	£150+VAT per annum	£125+VAT

We can also tailor this to your requirements ; you can choose the complete service or modify the services to your specification (and reduce your fee if you want to dispense with certain options). We don’t operate ‘hidden’ charges in addition to these; we prefer to be up front about our costs and that’s where we differ from a lot of accountancy providers.

Although we always promote MyAccountant on the basis of quality of service, if you have had a like-for-like quote elsewhere that you consider particularly good value for money, then just let me know and I’d be happy to try and beat this.

Additional Information

I’ve also included Service Information, our Expenses Handbook (which shows what can what be claimed) and a Client Registration Form (along with ID compliance guidelines) so you can see what details we’d require from you if you were happy to proceed.