Limited companies
Limited Company Accounts
Registering as a Limited Company has lots of benefits and is the next logical step when your company has outgrown sole trader status.
With Limited Company growth comes additional administrative responsibilities the biggest of which is managing your Limited Company finances.
If you are finding Limited Company finances time consuming and a real headache, don’t worry, Mazuma’s Limited Company Accounts service can help.
You’re a limited company on the verge of outsourcing your finances. How can Mazuma help?
For only £85 + VAT / month our Limited Company Accounts service will take care of your tax, bookkeeping and accounts. You don’t have to worry about a thing, apart from how to spend the time you have freed up.
We are far more than Cheap Accountants for Limited Companies. Our hassle-free subscription based accounting services give you peace of mind that your finances are being managed by our team of expert accountants. Once you sign up you will be allocated your own dedicated accountant that will be available whenever you have a question or need advice all year round.
Our accountants are here to take care of your numbers so you don’t have to!
What are the benefits of using Mazuma’s Limited Company Accounts Service?
From sifting through paperwork and receipts to dealing with HMRC on your behalf, here’s how we can help
- Monthly management accounts – you’ll receive management accounts every month, complete with an estimated tax bill. With us keeping an eye on the bigger picture, the close monitoring will help you make your business a success.
- Bookkeeping for limited companies – bookkeeping is time consuming, even with the latest software and the best will in the world. Freeing yourself up will allow you to invest your time and expertise where it’s really needed – into the business itself.
- VAT returns – entrust us to complete your vat return ahead of the deadline. As well as keep a record of all your finance deadlines.
- Monthly or weekly payroll – avoid expensive mistakes. We’ll coordinate the payroll for all of your company’s employees, accurately and reliably.
- Corporation tax – in your first year you will be eligible for tax allowances. Rely on our expertise and up to date knowledge to help you find the best outcome.
- Self assessment tax return – we make sure you’re covered too. We’ll complete your personal tax return as well as the business’s to give you absolute peace of mind where HMRC is concerned.
- Statutory year end accounts – with the paperwork you’ve sent our way over the year, we’ll prepare and submit your year-end accounts to HMRC and Companies House.
Looking to Switch Accountants?
As a small business owner, freelancer or contractor, spare time is precious. Switching your accountant may not be a priority and often get pushed to the bottom of the “to-do” list.
Limited Company Accounts FAQs
The deadline for submitting the return online and paying HMRC is usually the same. It’s one calendar month and 7 days after the end of your VAT period.
A huge bonus of hiring a team of expert accountants to take care of your VAT return is that you can be confident all the figures are correct.
We do understand that we're not a traditional accountancy firm and that our multi award-winning re-vamped way of working might not be everyone's cup of tea. We think that most small businesses could benefit from a bit of Mazuma magic, but take a look at the reasons why we may not be right for you before you make a final decision! To make it easy we also explain how you can switch to us.
If you sign up with us part way through your financial year it is very likely that there will a catch-up of bookkeeping and accounts work to be done to get you up to date. For example, if your financial year commences in April and you sign up with Mazuma in July, your first payment to us will be 4 x £monthly price to cover April, May, June and July. Don't worry though. you can split your catch-up payment over the first three months of your contract if you like! Once you're all up to date you will just pay your fixed monthly price. In order for us to complete your year end accounts and tax returns we simply ask that you have been a client of Mazuma for one year or have made the equivalent of 12 monthly payments.
People often ask us how our accounting service can be so cheap, querying how we it's possible to be a cheap accountant who is also reliable and knowledgeable. Mazuma's structure means that you have the right person doing the right job so we can keep our fees as low as possible. We make sure that our Chartered Accountants spend their time doing accounts and tax, not scanning and filing! This means that they can work more efficiently, keeping your fees down.