Who We Help
Expert online accountancy services available to small to medium sized businesses across the UK.
More Than AccountantsMore Than Accountants As a UK accountancy service, we assist businesses and individuals in the United Kingdom with all of their accounting requirements. Company accounts, tax returns, VAT preparation and filing, bookkeeping services, payroll services and self-assessments with a fresh approach, focusing on service levels and proactive advice.
Running a business can be difficult, so why not entrust your tax, accounting, bookkeeping, and payroll needs to More Than Accountants? If your accountant isn’t providing you with the level of care you deserve, it might be time to make the move.
More Than Accountants specialises in an accounting package that aims to boost your company’s profitability while lowering your tax bill.
This package includes all of your accounting needs and more. Bookkeeping on a monthly or quarterly basis, company accounts, VAT returns (if applicable), management reports, regular tax reviews and advice, and self-assessments. All completed using Xero accountancy software.
Unlimited Telephone and Email Support
True unlimited accounting package that covers all of your accounting needs with no hidden costs. We guarantee a maximum three-hour response time to your enquiries.
Unlimited telephone & email support
Never any hidden costs
Guaranteed 3 hour response times
What "extras" are included in the fixed monthly fee?
We provide you with quarterly or monthly management reports using Xero Accounting Software and Dext Receipt Reading Technology, allowing you to make informed company business decisions and allowing your accountant to provide you with regular tax guidance.
Monthly or Quarterly Management Reports
Xero & Dext Included
Regular Tax Advice
Switching Accountant - Easy Transition
We quickly take over all of your accounting needs once you give us the green light. If necessary, we will contact your prior accountant on your behalf, with the goal of bringing your accounting and tax situation up to date as quickly as possible.
We contact your current accountant on your behalf.
We make contact with HMRC to get approved as your accountant.
You keep doing what you love, which is running your business..
Learn what it’s like to utilise More Than Accountants’ all-inclusive unlimited accountancy service from a few of our customers.
Isaac Matovu2021-10-08Great accountants and highly responsive and helpful to all our needs. They are able to take the time to clearly explain everything that is expected and required. Including providing application like xero and reciept bank which streamlines our ability to keep our books. Tariq Ali was extremly helpful!
Deeps Mistry2021-10-08Thanks to Andrew and particularly Ryan, He is always very keen to help and is very persistent which is something i was looking for in an accountant but it very rare. Thanks so much and looking forward to continuing the professional relationship
Paul2021-09-28Excellent remote accountancy service. I have been using them for over 5 years now and their service is excellent. Andrew & Ryan have always been available to help.
Kieran Wilson2021-09-08I have only just started working with More Than Accountants and I already feel at ease. When it comes to tax and booking keeping I have let it slip a little due to various events and I can honestly say More Than Accountants are definitely what there name suggests they have gone above and beyond to help me and not only that teach me, so I can do better business they have amazing, friendly staff and they have resources that can help further your business I 100% recommend these for anyone . Honestly Thanks again.
Natalie Weller2021-08-31We could not have asked for a more welcoming, helpful company to engage with. Simon, always a pleasure to talk too and sorts any queries faster than lighting. Jamie in credit control, brilliant communication and always pleasant to deal with. And Khamis, absolute star. A lot of work needed on a very short space of time, and is always calm and reassuring. A huge thank you from us for saving us a lot of time and grey hairs
Russell Gambier2021-08-25I have used More than Accountants for over5 years now. They are always helpful and approachable. Ready to help with problems and resolve issues. Thanks to Danny and Jamie for help and advice.
Martin Brimicombe2021-08-24Really great company, would definitely recommend them!
Richard Brown2021-08-21Very professional team who always resolve issues to my satisfaction.
S Brady2021-07-30The team at More than Accountants are very friendly and easy to deal with. Great value for money. Thanks :]
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There’s a lot of enthusiasm and a lot of hurdles when you’re starting a new business. There will be a slew of concerns and issues to address, one of which will most likely be what are the many sorts of business structures?
The structure you choose will have a big impact on how much tax you pay, how much personal liability you have (if the firm fails), how much administrative work you have to do, and even how much money you can raise.
Starting with the wrong setup can lead to a slew of issues later on, necessitating extensive counsel to resolve. Should you need to switch to a different structure, this will come at a hefty cost.
What are the various forms of business structures in the United Kingdom?
In the United Kingdom, there are four basic types of business structures, each with its own set of tax and responsibility implications for owners and shareholders:
1. Sole trader
2. Partnership
3. Limited liability partnership
4. Limited company
Sole Trader
This is the simplest and most straightforward way to start a business. If you start working for yourself, you are a self-employed single trader, and you must register your firm with HMRC. As a Sole Trader, you are in charge of your own firm.
As a result, you have the right to keep all of the gains as income, but you must pay tax and national insurance by completing a Self Assessment Tax Return. There is no limit to how much money you can make, but higher tax bands make it less tax efficient.
All liabilities, including personal assets and those jointly owned with another individual, will be your responsibility.
Partnership
A partnership is formed when two or more people agree to share in the business’s revenues and losses. They share the risks, expenses, benefits, and obligations that come with owning a business. Because the partners are self-employed, partnerships are referred to as unincorporated entities. They are individually liable for any losses or obligations incurred by the company.
Each partner is also responsible or liable for the actions or inactions of the other. A partnership’s revenues and losses will be split among the partners. This will be in accordance with the profit-sharing ratio agreed upon, and each partner will be taxed on their portion of the profits
Limited Liability Partnership (LLP)
An LLP is similar to a partnership, but the responsibility of the partners is limited to the amount of money they put in the company. The limited liability partnership (LLP) must be registered with Companies House and HMRC. Annual financial statements must also be created and filed.
An LLP can have two or more members, and each member can be an individual or a business. An LLP agreement spells out each member’s responsibilities and profit share, and all members must file a personal Self Assessment Tax Return each year, pay income tax on their portion of the partnership’s profits, and pay National Insurance to HMRC.
Limited Liability Company
A limited company is a privately managed firm administered by its directors and owned by its shareholders. The corporation is a distinct legal entity with its own set of legal rights and responsibilities. This means that the company is in charge of all it does, and its finances are distinct from the owner’s personal problems (s).
After paying Corporation Tax, the corporation keeps whatever earnings it generates. The gains can only then be paid to shareholders as dividends. Limited businesses have yearly reporing and filing requirements with both Companies House and HMRC, and they can be limited by shares or by guarantee, as discussed below. They also have annual reporting and filing requirements with Companies House and HMRC.
The following are some of the advantages:
You have complete control over remuneration packages (if you are the controlling shareholder)
Profits can be kept by the company.
You can safeguard your brand.
You can get reimbursed for business expenses.
1. Shareholders’ limited liability
The majority of limited corporations are limited by shares, which implies that the shareholders’ liability for the company’s financial obligations is restricted to the sum paid for the shares.
2. Limited-by-guarantee private business
Members who act as guarantors, rather than share capital or shareholders, make up a business limited by guarantee.
Incorporation
You don’t need to go through any formal steps to start a firm as a sole trader or as a partnership. Both do not necessitate the foundation of a distinct legal organisation. You must, however, register with HMRC and follow the laws that come with it.
A Limited Liability Partnership and a Limited Company must form a distinct company, which is a more complicated process. You must first register the business with Companies House and create the Memorandum and Articles of Association.
Why should you hire an accountant to help you form a company?
While it is feasible to start a corporation without expert assistance for a little charge, someone without a thorough understanding of financial/business topics may have difficulty accurately filling out the forms and documentation.
Counsel before beginning a business can be quite helpful in determining which of the several business formats would best suit your goals and personal financial needs. If you include without using this expertise, you may run into a slew of problems down the road.