Compliance Services
(from £200+VAT per month):
Annual accounts and corporation tax with Zoom meeting.
Quarterly VAT returns including registration.
Monthly payroll and auto enrolment as well as registration.
P11Ds and outlining employee benefits available.
Annual Confirmation Statement for Companies House (including £34 filing fees).
Software – Xero, Quickbooks or FreeAgent, and Dext monthly licences.
Bookkeeping Services
Bookkeeping using Xero, Quickbooks or FreeAgent.
Dext expense and invoice scanning software.
Set up and training on the above platforms.
Bank reconciliation work including matching payments to suppliers and receipts from customers to the bank statements.
Checking sales and purchases data for errors.
Ensuring VAT rates are applied correctly to transactions.
Set up and maintaining a fixed asset register for the company.
Bookkeeping Extra Services
Monthly tax report showing any corporation tax, payroll taxes, and VAT, to enable clients to set aside the cash needed each month in advance, to budget for their tax liabilities.
Summary of movement on any director's loan account balance, so clients can keep track of their drawings out of the business and costs paid personally on behalf of the company. This helps us to monitor and advise clients on the implications of having an overdrawn negative balance.
Trade debtors report to identify any late-paying customers to be chased up.
Profit and Loss Account Reports (monthly splits report and a year-to-date report) and Balance Sheet report.
Updated dividend register report.
Monthly accounting journals so that the records are more accurate, e.g. accruals and prepayments.
Monthly Zoom meeting to run through the reports.
Additional Services
New company formation and advice on how to structure the shareholdings.
Free tax enquiry insurance cover with HR helpline.
Liaise with HMRC on your behalf.
Monthly or weekly updated reports and management accounts.
Budgets and forecasting work.
Quarterly or monthly meetings either in person or via Zoom.
Pre-year end tax planning meeting.
Remuneration planning for directors.
Share reorganisation.
Business valuation.
Company car and van tax planning.
Cashflow improvement strategies.
Trade debtors cash collection management.
Profit improvement review.
Help with lead generation strategies.
Goal setting and vision planning.
Set up of Key Performance Indicators.
Company testimonials:
“I would like to say a huge thank you to Goverseth Accountants for the service we have received. Firstly, taking you on as our accountant, has freed up so much time for me to focus on running the business, but also peace of mind knowing that this is in safe hands, has been highly reassuring. You have answered all our queries speedily and gone that extra mile whenever needed, to make sure everything is correct and understood. From car purchasing advice, to VAT thresholds and corporation tax.
I wouldn’t hesitate to recommend Carl and Goverseth Accountants to anyone needing any accounting services.”
John England - Owner of J-Cut Videography Ltd
04 July 2024
“I have been a client of Carl's for 2 years now. When I first started with Carl I had been left with lot of financial issues from a previous accountant!! Carl worked tirelessly to put my accounts and business finance in order. I have learnt so much from Carl's expertise, I am now confident with knowing my figures for my business. We have monthly meetings where we discuss everything to do with my business, and future planning.
I have recommended Carl to lots of business owners, all of whom are very happy also with Carl's service and approach.
Thank you, Carl for all the hard work.”
Vickie Jennings-Smith - Caprigems Cleaning Services Ltd
05 March 2024
“Carl has been my accountant for more than 2 years now. He has done an amazing job of getting my accounts ship-shape. My previous accountant hadn't been as proactive as I thought he was going to be. Carl has done a great job of sorting it all out and most importantly taking the worry of it all out of my hands. I now have a very accurate picture of how my business is performing and what I need to do improve things.”
Ed Kenworthy - Owner of Alphatec Systems Ltd (IT support)
25 September 2023
“Carl is a real asset to my business, super quick to reply and help with challenging situations. Nothing is ever too much hassle when working alongside Goverseth Accountants. Carl is happy to communicate across a multitude of channels and I feel I can involve Carl in the future planning of Charle too. I would definitely recommend Goverseth Accountants to anyone requiring their services.”
Nic Dunn - CEO at Charle London Ltd
11 March 2022
“Carl recently took over as my accountant to do my annual returns to HMRC for my limited company. I have known Carl for a few years now and he is nothing but professional in his approach to his work. I have absolute confidence in him and his recommendations as to what I need to/should do in respect of my accounts. I would happily recommend Carl to anyone looking for an accountant who is professional, approachable, and down to earth.”
Bryan Hopkins - Company Owner and Director of Lamia Contract Hire and Leasing.
27 April 2021
"Carl is the perfect accounting solution for start-ups and small businesses. Providing guidance and advice, you can be confident that your accounts are in order and that you are being as tax efficient as possible. Hands on, accessible, Carl meets with us regularly and answers all our questions (no matter how barking mad). Information is easy to understand. Service is prompt and uber-reliable. He is also the happiest accountant I have ever met, making working with him a dream."
Emma Millington - Modular Digital Ltd
Client from 2016 to 2023.
Making Tax Digital – Corporation Tax
HMRC’s Making Tax Digital (MTD) for Corporation Tax, has been delayed many times since 2020.
The latest HMRC guidance is that the MTD rules will not have to be complied with “before April 2026”.
Current position:
(until at least 31st March 2026):
You will be submitting a company corporation tax return once a year, due 12-months after the accounting year-end date, so 31st March 2024 returns are due by 31st March 2025.
One annual submission, with any corporation tax due 9 months and 1 day after the year-end date (unless a large company), so for 31st March 2024 year-end, the tax would be due by 1st January 2025.
Future position:
(not before 1 April 2026)
You will be required to submit FOUR quarterly updates to HMRC of your company’s business income and expenses (including the dates, amounts and category for each transaction), AND a final corporation tax return submission after the end of the tax year.
Unlike MTD Income Tax, there are NO exemptions for companies with gross income under a certain threshold.
Keep your business records of income and expenses in a digital format.
Send the quarterly updates directly to HMRC using compatible digital software
Submit your annual corporation tax return using MTD software
Pay any tax as normal, within 9 months and 1 day after the end of the accounting period
Time Saving Software
Compatible digital software that we use includes Xero, Quickbooks and FreeAgent.
Although the start date for having to comply with MTD Corporation Tax is April 2026 at the earliest, we encourage all company clients to get in touch with us now, and start to use the above MTD compatible software, rather than wait until the last minute.
The software offers a lot of advantages and time-saving processing, which will speed up your recordkeeping.