– CELEBRATING 30 YEARS +

HELLO & welcome!

2021 sees ComputAccounting celebrating 30 years of supporting businesses through the locality and far beyond.  ComputAccounting can provide the whole accounting service including accounts, tax returns, book-keeping & payroll.

Tide Banking Partners

Are You A New Start-Up? We are always keen to support new businesses

Please see the links below which take you to our partnership with Tide, where you can setup a limited company and a new bank account very swiftly.
If you are unsure of whether a limited company setup is the right choice for you PLEASE feel free to talk to us before proceeding

BANK ACCOUNT SETUP

Whether you are going to become a ComputAccounting client or not you can setup a new business bank account immediately, without all of the normal hassle of appointments etc.

LIMITED COMPANY SETUP

With Tide you can setup a brand new limited company for FREE with lightning speed and ease.  If you register before 30th June you’ll get £50 Cash Back with promo COMPUTACCOUNTING

Services we provide

As a one-stop shop ComputAccounting can provide the whole accounting service including all four aspects below…

Accounts

Accounts

Full and Abbreviated Company Accounts (Unaudited, FRS102 Section 1A or FRS105), Sole Trade & Partnership Accounts

Tax Returns

Tax Returns

CT600, SA100, SA800 etc incl
all relevant computations

 

Book Keeping

Book-Keeping

Bespoke book-keeping service
to suit your trade,
circumstances and needs

Payroll

Payroll

Weekly or Monthly payslips & reports for PAYE employees or CIS, pension contributions
and all relevant filings

BUSINESS FORMATS we SUPPORT

Self Employed / Partnerships / Limited Company (other business formats are feasible – these are the most frequently used options)
ComputAccounting can also offer support with: Self Employed, or Partnership HMRC registrations

Self Employed

SELF-EMPLOYED

HMRC DEFINITION:

A person is self-employed if they run their business for themselves and take responsibility for its success or failure.

Self-employed workers aren’t paid through PAYE, and they don’t have the employment rights and responsibilities of employees.

Someone can be both employed and self-employed at the same time, for example if they work for an employer during the day and run their own business in the evenings.

Partnership

PARTNERSHIP

HMRC DEFINITION:

 In a partnership, you and your partner (or partners) personally share responsibility for your business.

• This includes:

Any losses your business makes
Bills for things you buy for your business, like stock or equipment

Partners share the business’s profits, and each partner pays tax on their share.

Limited Company

LIMITED COMPANY

HMRC DEFINITION:

A limited company is an organisation that you set up to run your business.

You will no longer be wholly responsible for it and its finances will be separate to your personal finances.

By the same token any profit it makes will be owned by the company, after it has paid its Corporation Tax

Book an Appointment

ComputAccounting can give further insights & help advise which business format is your best fit and the most tax efficient.  Initial consultations are free of charge. – currently under Covid-19 conditions – current details here

what is Cloud Accounting?

Cloud accounting is the practice of using an accounting system that’s accessed through the internet. One major advantage over Desktop systems is that cloud technology enables users to access their records from anywhere and on any device that has an internet connection. Another big advantage is cloud accounting also supports simultaneous multiple users giving far more flexibility and improved collaboration between business owners, their book-keepers and their accountants.

The potential of having access to up to date, meaningful data and reports, everyone involved can be more pro-active much earlier than before.  ComputAccounting are Platinum QuickBooks Advisors, and are able to set up and operate “The Worlds’ Best Selling Accounting Software for Small Businesses” in a way which can dramatically benefit any type of business.

QuickBooks Help & Support

Licenses available through ComputAccounting come with Quickbooks Award-Winning Support for FREE (via telephone, online, or chat) as well as interactive help menus and their online community.  Whilst ComputAccounting support your business, Quickbooks Support are in a better position to offer help with their product (and did we mention that it’s FREE?).

Here is a selection of helpful Quickbooks video tutorials – always a helpful reminder, just in case you need to refer to them. Dozens of other video tutorials are available

Quickbooks Vidoes - Navigating Quickbooks

NAVIGATING QUICKBOOKS

Quickbooks Vidoes - Adding Customers

Adding customers

Quickbooks Videos - Invoicing

Send an invoice

Quickbooks Videos - Receive Payments

Receive payments

Quickbooks Videos - Receipts

Receipt Capture (In-App)

Quickbooks Videos - Connect to Bank

Connect a bank account

TRANSPARENT PRICING with MONTHLY INSTALLMENTS

If your business does not easily fit into the below categories please call for an appointment to discuss a bespoke price – all prices are exclusive of VAT.

INDIVIDUAL & SMALL BUSINESS PRICES

Individual & Small Business Prices

LIMITED COMPANY PRICES

Individual & Small Business Prices

MAKING TAX DIGITAL

Making Tax Digital for VAT requires VAT registered businesses with taxable turnover above the VAT registration threshold to keep records in digital form and file their VAT Returns using software.  It is increasingly common for business records and accounts to be kept digitally, in a software program on a computer or tablet, or in a smartphone application, or maintained through such a device and stored using a cloud-based application.

The difference under Making Tax Digital is that the software which businesses use must be capable of keeping and maintaining the records specified in the regulations, preparing their VAT Returns using the information maintained in those digital records & communicating with HMRC digitally.

If your digital records are up to date, software will be able to collate and prepare your return for you.  The same principle of Making Tax Digital for VAT is carried to across to the eventual introduction of Making Tax Digital for income tax – keeping of digital records and filing quarterly updates through Making Tax Digital compatible software rather than just one self-assessment tax return each year.

Making Tax Digital Timeline

Making Tax Digital for VAT requires VAT registered businesses with taxable turnover above the VAT registration threshold to keep records in digital form and file their VAT Returns Since 2019, the vast majority of VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) have been mandated to keep digital VAT records and send returns using Making Tax Digital (Making Tax Digital) – compatible software.

1st April 2021 marks the end of the soft-landing period for businesses without full digital links to submit their returns. From 1st April 2021, there must be full digital links and therefore no manual manipulation of spreadsheets, or copy and paste involved with submission of VAT returns.

From April 2022 these requirements will apply to all VAT-registered businesses. This will apply to VAT registered to businesses who are under the VAT turnover threshold of £85,000 and therefore previously did not have to registered for Making Tax Digital for VAT.  Making Tax Digital for Income Tax Self-Assessment (ITSA) will apply from April 2023 for unincorporated businesses and landlords with total business or property income above £10,000 per year. Most businesses will have 2 years to prepare and test the service voluntarily prior to its introduction.

HMRC’s MTD journey so far

MTD Past

What’s next for MTD

MTD Future

OUR NEWS FEED

Are you paying NMW

Are you paying NMW

As an employer, you have a legal requirement to pay a worker at least the statutory minimum wage for their age. Check that you are paying your workers the correct amount, and that you understand how to calculate the minimum amount that you need to pay the worker depending on the type of work that they do.

read more
Kickstart Scheme

Kickstart Scheme

You may be able to benefit from funding under the Kickstart Scheme if you are looking to create new jobs for young people. The job must be a new job and must be for at least 25 hours a week for six months. A grant of £1,500 to cover set-up costs and employability support.

read more
Back to the office

Back to the office

Now that the ‘work from home if you can’ guidance has been lifted, employees are returning to the office. If, following their return, you allow employees to keep their homeworking equipment for personal use, there may be tax consequences to consider....

read more
Are you paying NMW

Are you paying NMW

As an employer, you have a legal requirement to pay a worker at least the statutory minimum wage for their age. Check that you are paying your workers the correct amount, and that you understand how to calculate the minimum amount that you need to pay the worker depending on the type of work that they do.

read more
Kickstart Scheme

Kickstart Scheme

You may be able to benefit from funding under the Kickstart Scheme if you are looking to create new jobs for young people. The job must be a new job and must be for at least 25 hours a week for six months. A grant of £1,500 to cover set-up costs and employability support.

read more

proud to be working with

ABOUT US

ComputAccounting are Platinum QuickBooks Advisors and are able to set up and operate “The Worlds’ Best Selling Accounting Software for Small Businesses” in a way which can dramatically benefit any format of business or trade, resulting in our client being presented with up to date, accurate financial information

Intuit QuickBooks Platinum ProAdvisor

“ComputAccounting are by far the best”

ComputAccounting are by far the best firm of accountants I have worked with during our 15+ years in business.
Running a business is not an easy undertaking but Brian and his friendly team offer an exceptional service.

Linda Garbett

Surt Resin Finishes

“I’ve been using ComputAccounting for…”

I’ve been using ComputAccounting for a good ten years now.

A no-fuss, straight to the point, friendly, totally approachable service that I highly recommend.

Leo Davey

Leo Davey Studio & Gallery

“Fantastic Service – ComputAccounting”

The ComputAccounting team have looked after The Orange Pip Florist since we took over the business as our own at the end of 2013, during this time we have been introduced to Quickbooks which has proved invaluable and so easy to use.

Vanessa & Gemma

The Orange Pip Florist

WE’RE HERE TO HELP

Whatever questions you might have about your accounts, tax returns, book-keeping or payroll we can help.
We look forward to hearing from you.

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CALL US today

01643 709 900 

Office Location

Rapid House, Mart Rd
Minehead  TA24 5BJ

Email us ON

enquiries@computaccounting.co.uk