|£70 per Month*||£130 per Month*||£165 per Month*|
|HMRC VAT & PAYE registration|
|Face to face or telephone consultation|
|Access to Online Portal|
|Live Bank Feed|
|Preparation on Financial Accounts|
|Preparation of Company Tax Return (CT600)|
|Dedicated support team|
|VAT Returns (quarterly & FRS)|
|Payroll processing (up to 3 Ee's)|
|Payroll year-end reporting|
|P9D and P11D submission|
|Tailored monthly calculations|
|Dividend vouchers & COSEC duties|
|Telephone & E-mail support|
|Annual return (inc. filing fee)|
|Mortgage & Visa applications (1 per year)|
|Change company name|
|Invoicing (up to 10 per month)||£10.00||£10.00|
|Self Assessment (Directors only)||£150 per year **||£120 per year **|
* Prices are exclusive of VAT, ** Price for a basic tax return, Other bespoke packages are available on request
As a client engaged with us on our Gold package, we are able to offer insurance free of charge, if required, and subject to eligibility,
Eligibility criteria includes the following:
- Your company must provide services via a recruitment agency (i.e. not directly to an end hirer).
- Offshore activities are not covered.
- Activities involving asbestos are not covered.
- Activities involving safety-critical rail work are not covered.
Limits of cover are:
|Employer's Liability||£10m any one cause, but limited to £5m any one cause in respect of claims arising from acts of terrorism.|
|Public Liability||£5m any one occurance.|
|Professional Indemnity||£1m any one claim, but excluding defence costs.|
Further details of insurance eligibility and details of how to request cover will be provided as part of our client on-boarding process.
Step 1 - Company Formation
Forming (or “incorporating”) the company is the first step in the process of operating as a Limited company. Our accountancy services provide you with reassurance in this area by checking and registering your company name with Companies House, providing you with appropriate templates for your company’s Memorandum and Articles of Association, delivering share certificates to registered shareholders and issuing you with your company’s certificate of incorporation.
Step 2 - Business Bank Account
Once the company is incorporated, step 2 is to begin the process of setting up your Limited company’s business bank account (you can’t use a personal bank account for your Limited company). Whilst we can’t do this on your behalf (legislation prevents us from having direct involvement in your bank account) we can help you streamline the whole process by putting you in contact with a number of well-known providers in the market place. We can even provide you with the relevant application forms!
Step 3 - PAYE & VAT Registration
Step 3 is to register your company for PAYE & VAT. Registering for PAYE allows the company to act as an employer and make payments to employees, and registering for VAT allows your company to charge VAT on invoices. Based on turnover you may be required to register for VAT, but even if you aren’t there are still some very good reasons to consider doing it. Our dedicated account managers will help you make the right choice for you.
Step 4 - Timesheets & Expenses
Once you’ve incorporated your company, opened a bank account, and registered your company for PAYE (and potentially VAT), you’re now in a position to start invoicing for the work that you’ve done. Simply send through your timesheets to your Liberty Bishop accountant, and they’ll raise an invoice on behalf of your Limited company and send it through to your agency or client. Payment will then be made directly into your business bank account.
When sending through your timesheets you can also send through confirmation of any expenses that you’ve incurred.
Step 5 - Payment & Accountancy Advice
Once you receive funds into your company bank account, your accountant will be on-hand to answer any questions that you may have and keep you fully up-to-date on your tax liabilities and when tax payments are due.
We don’t charge by the hour, so there’s no need to be afraid of asking any questions as and when they arise. Your account manager is always on call, and you’ll also have 24/7 access to an online portal to enable you to review all of your company information in real-time.