Limited Liability Contracting
We offer two levels of service PREMIUM and STANDARD, you are free to choose which ever suits you the best
Packages
STANDARD
- Our basic service
- Meets all statutory reporting
- Live Profit and Loss account
- Accounts reconciled annually
- Track your personal tax position
PREMIUM
- Our most comprehensive service
- Meets all statutory reporting
- Live Profit and Loss account
- Accounts reconciled monthly
- Track your personal tax position
- Regular auditing of expenses & invoices
- Monitor personal tax thresholds
- VAT registration/reporting available
PACKAGE FEATUREs
Standard | Premum | |
Monthly RTI and Payroll | ✓ | ✓ |
Cloud based account software and Client App | ✓ | ✓ |
Phone and email support for accounting and tax matters | ✓ | ✓ |
Deal with general HMRC and Companies House enquiries | ✓ | ✓ |
*Profit and Loss Snapshot | ✓ | ✓ |
Completion of year end accounts and company tax returns | ✓ | ✓ |
Administration of all PAYE returns to HMRC | ✓ | ✓ |
Companies House Updates, ONS Questionnaires, Reference letters | ✓ | ✓ |
VAT registration and VAT returns | x | ✓ |
Personal Tax Returns | ✓ | ✓ |
All Transactions Reconciled to Bank Statements | x | ✓ |
Free Limited Company Registration | x | ✓ |
The Steps to succesful Limited Company Contracting
Step 1 – The initial setup
Regardless of whether you approach us with your own limited company already set-up, or if you need us to help you get one started, we will help you ensure your limited company is correctly setup and registered with Companies House.
Once these basic elements are in place, we will ensure your company is correctly registered with the HMRC for Corporation Tax, and PAYE. We can also advise you on VAT registration.
Step 2 – week to week operations
Once you become a client, we set you up with your own account and App which allows you to record expenses, generate invoices, review/update company information, and review quarterly Profit and Loss statements (Standard and Premium only).
Step 3 – on-going reporting requirements
Companies House and HMRC require various filings over the course of your company’s trading year. We will keep you informed of the due dates, and will prepare all the documents required. It is important to remember that it is you, the company director, who is ultimately responsible for all your filing obligations.
Step 4 – PAYING US
We require you to set up a Standing Order to pay us. Once you begin actively trading using our accounting service, we will email you will all the payment details for the year (April to March).
Step 5 – Always available to help
We are always willing to help answer your questions in simple English. Always feel free to call us, email us, or send us WhatsApp message if you have any questions regarding your company, tax, or our accounting service.
Contact Us
Scan for Grimsby & Co Client App