Services we offer
Services offered by Virtual Accountants
Our low cost, online bookkeeping service is designed to take the hassle out of your bookkeeping. It can be tailored so that we do as much or as little as you want us to which means you control the costs.
For instance, you can do the invoicing and we deal with the purchases. We can also include submission of VAT returns if required.
Whether you want to send us all of your receipts each month for processing or you would prefer us to just do your invoicing, we can help.
Its a simple 3 step process
Scan all your paperwork and send it across to us or put all your paperwork into one of our big envelopes every month (or every week if you prefer) and send it to us.
Focus on your business while we take care of your bookkeeping and accounts efficiently & professionally
We'll provide all the reporting information you need, and make sure VAT and everything else is dealt with on time
We can also recommend an appropriate cloud based accounting package to enable us both to log in at any time and access up to date information. We regularly use Xero, Kashflow, Quickbooks online, Liberty, Freshbooks and Clearbooks but can use any package you prefer.
We can seamlessly integrate with your current system, or start from fresh (maybe convert from manual books to computerised accounts), or simply take a ‘shoe box’ of invoices and transform chaos into order.
Fees are dependent on the volume of transactions so you only pay for what you use!
If you require management accountant or accounts assistant, we can provide them monthly or quarterly to suit your business requirements.
We also provide some clients with a weekly Flash Report to keep them aware of the up to date position of their business.
Management Reports are tailored to a client’s needs and can include:
a profit and loss statement showing the current and year to date figures
a balance sheet
aged debtor and creditor ledger lists
bank reconciliation statements for all bank accounts
We provide these reports as a part of complementary package.
Contact Virtual Accountants today to find out how we can help your business. You can contact us using the form, via email: matt@virtualaccs.co.uk for enquity or call us on : 0203 290 6256
VAT is the tax that is charged on most goods and services that VAT registered businesses provide or supply in the UK.
If you run a business in the UK, limited company, PLC, partnership, LLP or self employed, once your turnover in the previous 12 months, or you think your turnover will shortly go over the VAT registration threshold, you will need to register for VAT and complete a (normally quarterly) VAT return.
At Virtual Accountants, we offer a range of services to help you with your VAT including:
Preparing and submitting VAT returns
Registering and setting you up for VAT
Advice on the best scheme for you and your business
VAT review service – We can review past VAT returns if you have any concerns that you haven’t paid the right amount.
VAT advice on exports and imports
EC sales lists
Intrastat reporting
Our VAT service is normally used in conjunction with our bookkeeping service
Different VAT schemes
The Flat Rate Scheme makes VAT reporting a lot simpler but is only possible if you are trading in certain industries and if your taxable supplies are less than £150,000. It means that you pay over a certain percentage of your gross turnover and you do not have to report VAT on purchases.
If your taxable supplies are less than £1,350,000 then you can register for the Cash Accounting Scheme or the Annual Accounting Scheme. Very simply, the Cash Accounting Scheme means that you report VAT based on your cashflow rather than the date of your invoices.
The Annual Accounting Scheme means that you only send in a return once a year but you do need to make payments throughout the year towards your liability.
Bookkeeping and VAT return services are charged at £10 per hour.
Contact Virtual Accountants today to find out how we can help your business. You can contact us using the form, via email: matt@virtualaccs.co.uk for enquity or call us on : 0203 290 6256
We can assist with all professional payroll services including Employer PAYE registration, running of weekly or monthly payroll including tax and national insurance calculations and production of payslips together with all year end filing requirements.
Our prices for professional payroll services include the following:
Monthly payslip
Administration of PAYE, NIC, SSP, SMP, etc
Completion of statutory returns to the inland revenue and to all your employee
Tax efficient remuneration strategies
Employee payslips (Monthly/ Weekly/Yearly)
Monthly summaries, Payment Dates and liabilities for the company
Departmental reports where needed
Dealing with leavers and starters with no extra cost
File employer Annual Return – P35 at the year end.
File Employee Summary – P45, P14, P11 etc
P11D and P9D benefits and expenses Return.
Auto-enrolment compliance
We can process your payroll at whichever frequency is required, emailing payslips directly to your employees (or emailing you files to print if you would prefer). We’ll let you know what to pay HMRC and when. You can email us with timesheet information.
Initial set up fees for payroll £25, plus £2 for each employee per payroll run.
Contact Virtual Accountants today to find out how we can help your business. You can contact us using the form, via email: matt@virtualaccs.co.uk for enquity or call us on : 0203 290 6256
If you are in the construction industry and use sub-contractors, you need to send your CIS return and tax to HMRC every month. We can make the process as simple and hassle free as possible. With our simple to use system you will no longer find CIS a hassle.
Our service covers everything you need for your sub-contractors and includes:
submission of your monthly return to HMRC
production of statements
emailing of statements to subcontractors or you if you would prefer to print them
Construction industry scheme returns are often completed as part of a bookkeeping package, in which case the fee will be included in the total cost, but for standalone CIS work our charges are:
£20 per month per 5 subcontractor statements prepared (includes submission of return to HMRC)
Contact Virtual Accountants today to find out how we can help your business. You can contact us using the form, via email: matt@virtualaccs.co.uk for enquity or call us on : 0203 290 6256
Our end of year limited company accounts and tax return service is ideal if you just want us to produce and submit your year end company accounts and corporation tax return.
What's included?
Annual Accounts
Tax returns
Companies house return
Prepared by an expert, fully qualified accountant, we will produce your accounts, make sure we do all we can to reduce your tax bill and make all the submissions required to HMRC and Companies House so you can relax, safe in the knowledge that you have met your statutory obligations.
Hassle free, low cost service, company year end and tax return from £450.
With a fixed fee agreed in advance, our low cost accountancy approach means that you can be sure you are not paying any more than you need to which is ideal for the small business owner
Contact Virtual Accountants today to find out how we can help your business. You can contact us using the form, via email: matt@virtualaccs.co.uk for enquity or call us on : 0203 290 6256
Our low cost, sole trader tax return and accounts packages take away the hassle and worry of Self Assessment. Our packages start from £150+VAT and are designed to be tailored to meet your needs and budget.
What's included?
Annual Accounts
Tax returns
All of our packages provide you with everything you need to comply with your tax reporting obligations so you don’t have to worry about missing anything, including preparation and submission of returns to HMRC.
In addition we include
The option of monthly or annual fees
FREE day to day support
A check of your tax position to ensure you are claiming all possible allowances and so reducing your tax bill
Hassle free, low cost, sole trader accounts and tax return service from £150.
Contact Virtual Accountants today to find out how we can help your business. You can contact us using the form, via email: matt@virtualaccs.co.uk for enquity or call us on : 0203 290 6256
Our low cost, partnership accounts and tax return service takes away the hassle and worry of Self Partnership Tax and Accounts. Our service starts from £300+VAT which will give you everything you need to complete your year end accounts and tax returns for both partners.
What's included?
Partner's tax returns
Partnership return
Annual accounts
All of our services can be paid monthly or annually and provide you with everything you need to comply with your tax reporting obligations so you don’t have to worry about missing anything, including preparation and submission of returns to HMRC.
Hassle free, low cost, partnership accounts and tax return service from £300.
Contact Virtual Accountants today to find out how we can help your business. You can contact us using the form, via email: matt@virtualaccs.co.uk for enquity or call us on : 0203 290 6256
Our low cost, Self Assessment Tax Return service takes away the hassle and worry of dealing with your tax. We will make sure you comply with all the HMRC regulations whilst reducing the amount of tax you owe.
All of our packages provide you with everything you need to comply with your self assessment tax reporting requirements, including preparation and submission of returns to HMRC.
Hassle free, low cost , self assessment tax return service from £75.
Contact Virtual Accountants today to find out how we can help your business. You can contact us using the form, via email: matt@virtualaccs.co.uk for enquity or call us on : 0203 290 6256
Virtual Accountants offers a comprehensive range of company secretarial services to businesses at all stages of their life cycle.
Company Formations
We can create and register a company, specific to your needs, on a same day basis, and electronically, if required. Alternatively, we can provide you with an 'off the shelf' company.
Registered Office
All companies are required to have a registered office, but it is not necessary for this to be located at your operational address. If you decide to distance your registered office address from your operational base then you may elect to use Sussex Accountancy address as your company's registered office. This is a service that we provide to many of our clients.
Maintenance of Statutory Registers
We can maintain your company's registers electronically or, if you prefer, in hard copy.
Preparation of Minutes
We can prepare draft minutes for directors' and members' meetings.
Annual Filings
Where instructed, we can complete your company’s Confirmation Statement (formerly known as Annual Return) and deal with filings at Companies House. We also monitor the filing status of your financial statements to ensure that they are filed on time.
In addition, we can provide you with the following company secretarial services:
Amendments to the officers of the company
Changes to the Memorandum and Articles of Association
Changes to Authorised and issued share capital
We charge £10 per hour , all inclusive, for these services. We will take a recharge of all the fees paid to Companies house for lodging and filling documents.
Contact Virtual Accountants today to find out how we can help your business. You can contact us using the form, via email: matt@virtualaccs.co.uk for enquity or call us on : 0203 290 6256
Starting up or growing a business is an exciting and busy time. Your focus is on developing sales, recruiting the right people and creating the right infrastructure. Time is a precious resource which you need to spend wisely. Being confronted with the various financial and legal aspects of a business start up can be extremely daunting and this is where we come in. Our expert business start up and small business accountants are here to explain every step of the process and guide you through the various stages.
We will help you to:
Decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or limited company;
Prepare a business plan with good business ideas, entrepreneur ideas, low costs ideas, cashflow projections, budgets, and trading forecasts;
Assess the finance requirements, advise on the best sources of finance and draw up the necessary proposals;
Complete any registration procedures with Companies House, Inland Revenue, or Customs and Excise
Deal with company secretarial issues;
Set up a recording system for your internal use and for complying with statutory requirements;
Decide on what computer hardware to buy and help with the installation of accountancy software;
Keep on top of bookkeeping, VAT, payroll and other accounting requirements;
Help with all aspects of business compliance and administration.
We charge £10 per hour , all inclusive, for these services.
Contact Virtual Accountants today to find out how we can help your business. You can contact us using the form, via email: matt@virtualaccs.co.uk for enquity or call us on : 0203 290 6256
Financial budgeting and forecasting is an essential part of the business analysis services and business planning process.
We’ll analyze your books and provide powerful budgeting and forecasting reports, so you can make decision based on your financial data.
We will help you to:
Prepare a forecasted P&L, Balance Sheet and Cash Flow position of your business
Prepare a budgeted P&L, Balance Sheet and Cash Flow position of your business
Create a scenario planning for your financial position
Carry our ratio analysis to take critical business decisions.
We charge £12.5 per hour , all inclusive, for these services.
We will help you to:
Decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or limited company;
Prepare a business plan with good business ideas, entrepreneur ideas, low costs ideas, cashflow projections, budgets, and trading forecasts;
Assess the finance requirements, advise on the best sources of finance and draw up the necessary proposals;
Complete any registration procedures with Companies House, Inland Revenue, or Customs and Excise
Deal with company secretarial issues;
Set up a recording system for your internal use and for complying with statutory requirements;
Decide on what computer hardware to buy and help with the installation of accountancy software;
Keep on top of bookkeeping, VAT, payroll and other accounting requirements;
Help with all aspects of business compliance and administration.
We charge £10 per hour , all inclusive, for these services.
Contact Virtual Accountants today to find out how we can help your business. You can contact us using the form, via email: matt@virtualaccs.co.uk for enquity or call us on : 0203 290 6256