Online Tax Accountants for UK Businesses
Bad admin work and poor financial management can damage your business. Osome Personal Accountants provide the best solution for every tax problem encountered so your business can flourish.
Types of Services Accountants Offer
Personal tax
An accountant takes care of your basic accounting needs and make sure everything is in compliance with tax laws
Business tax
Online tax accountant knows the unique problems different businesses face and helps you make correct tax decisions
Income tax & VAT
An accountant knows how these taxes work and how to calculate how much you have to pay
Dedicated Accountants Backed by Smart Tech
Efficient accounting makes business sense
Our accounting experts provide professional guidance to help you grow your business. We’ll take over the paperwork routine and finance, providing you with expertise in managing and calculating taxes, handling HMRC submissions and providing you with advice and support.
A dedicated accountant for all your queries
We might let tech take care of the admin, but we’re big believers in having someone to speak too for support, guidance or business insights. That’s why you’ll get a personal tax accountant who’ll track your deadlines, suggest tax exemptions, flag any issues — and always be ready to take your call.
No more nasty surprises
Starting a business means juggling a lot of balls. Hand over your accounting to us and enjoy the feeling of a good night’s sleep, with no more worries about late payment fines or delayed submissions.
Personal touch
Sure, you can use accounting software and apps. But to work correctly, they need accurate data put in. Using the software effectively and to its full effect requires an experienced human accountant.
The roles of an accountant at different stages of your business
An accountant can play an important role at any stage of your business, even from start up. No matter where your company's at, we've got you covered.
Writing a business Plan
A business accountant can help you create a business plan based on realistic data from current market conditions. They can also help you decide on your business structure and estimate the various costs of starting a business.
Applying for a business loan or overdraft
An accountant can spot cash flow issues and can flag when you should apply for a secure or unsecured loan, overdraft, or Invoice financing.
Buying a business
If you’re buying a business, an accountant can make sure that you’re well-prepared by performing an accurate evaluation, taking into consideration the possible risks by evaluating the assets, liabilities, financial situation, cash flow, and profit margin, and will assist you with tax planning.
Taking on a franchise
When taking on a franchise business it’s a good idea to have a seasoned accountant to hand to help monitor your transactions. The specific procedures of the franchise model can pose some risks, but an accountant with industry knowledge will help you minimise them and reap the rewards.
Legal structure of the company formation
An accountant can advise you of essential issues such as creating shareholder agreements, advising shareholders about share capital, dealing with tax obligations, and preparing board minutes about the business structure.
Dealing with government paperwork
An experienced accountant can help you comply with government regulations and coordinate with HMRC for the required documentation. They’ll check whether you’re paying the right amount of income tax and submit a claim for a tax refund.
Control of income and expenses
A skilled accountant can help you have complete control of your business income and expenses by saving tax and increasing cash flow. They can identify legal ways to save tax through allowances, government incentives and expenses, and how to offset losses so that your business cash flow is steady.
Audit of your company
A qualified accountant can offer unbiased and independent advice on performing the auditing process. They can prepare your business's financial statements and make sure they’re updated, accurate, and adhere to various regulations, making the auditing procedure seamless.
Selling a business
If you’re selling your business, your accountant can create a detailed business exit plan and provide the company accounts and basic company information. If your accountant is a qualified tax advisor, they may suggest how to structure the deal, taxes, and a financial plan when selling your business.
What Osome Accountant Does for You
Gives professional advice
An accountant with years of experience can advise and act accordingly on key issues such as tax legislation, PAYE, NI benefits, liquidation, etc.
Thinks in advance
A keen accountant can spot problems with your finances and taxes before it’s too late
Provides daily support
Your personal bookkeeper collects, compiles, and evaluates your company’s financial data, prepares reports, and stays on guard for your questions daily
Keeps you updated
In case the government legislation is changed, or a new rule is out - an accountant instantly tells you what’s new right away
Pay upfront for
the year and get
2 months for free
Our accounting packages come as they are, no extra charges — simple and straightforward. If you pay upfront for the whole year, 2 months are free.
Need more?
Additional services you may need
- Additional sales platform £20/m
- Multicurrency accounting £30/m
- Foreign VAT filing £50/m
- Profitability report by sales platform £150/m
Who needs accounting services
Different business entities are taxed differently. Osome accountants know the pros and cons of each business structure and advise you on what is best for your business now and in the future.
Trusted by Osome
entrepreneurs around the world
89% of customers recommend
Osome service
15,000+ Osome clients
worldwide
Osome has been extremely proactive, talking me through every step of starting my company. They now take care of my accounting. I love the app, it's so easy to use!
Harriette Foulkes-Arnold We are Contented Ltd.
Osome is Awesome! They have provided me with help and support when I have needed it. I highly recommend them.
Dave Wallace DW4DAYS Ltd.
They deal with all the administration on my behalf, meaning that I can simply use my income and not worry about legal and administrative filings.
Pawel Wargan freelancer
I ended up signing my documents while I was on the tube! It is impressive how fast and responsive they are!
Randeep Sudan Multivertz Ltd.
I found Osome on Friday and on Monday morning everything was ready. It was fantastic!
John Lim Artac Ltd.
FAQ
What does an accountant do?
In accordance with Company Law in the United Kingdom, an accountant has several responsibilities. Although their specific duties vary according to the business model, industry, and contract of engagement, generally an accountant does the following:
- Managing and maintaining accurate financial records in company accounting systems. This service is crucial as even a slight discrepancy can considerably impact the financial status and reputation of your business.
- Gathering and reviewing all financial data for your business, reviewing and evaluating the profitability, including SWOT analysis, to create company financial reports for management teams and shareholders
- In-house liaison with your external auditors to supervise the audit process and share the relevant accounting documentation
- Monthly reports and year-end reviews of the financial budgets and performance
How to find an accountant for my business?
Every company or corporation in the UK must appoint an accountant within the first few months of incorporation. When hiring an accountant, you must ensure that the accountant is:
- A resident of the United Kingdom
- Permitted to work in the United Kingdom
- Qualified and holds the relevant academic qualifications and certifications
- Not appointed as the only director of the corporation
Typically, businesses use the services of a professional accounting firm for their accounting and financial reporting services. With Osome a team of accountants are assigned to your company based on the specific business needs.
How much does an accountant charge for a small business?
The cost of hiring an accountant for a small business depends on the nature of your business and the scope of services you require. We've outlined some of the most common charges below.
If you are a small business seeking simple tax returns, you can expect to pay anywhere between GBP 75 to GBP 350, plus VAT. These charges vary based on the quality of service and the number of employees your business has. However, most small businesses can expect to pay about GBP 500 for a year, this charge is for a standard set of accountants, and inclusive of document submission to Companies House.
For companies looking for specialist services such as tax planning, the costs are much higher. Small businesses can expect to spend anywhere between GBP 125 to GBP 150 per hour. However, a basic accounting service managing your bookkeeping and account reconciliations ranges between GBP 25 to 90 per hour.
Why do I need an accountant?
The accountant is responsible for examining and analysing the financial statements of the company. It is the job of the accountant to ensure that all financial records are prepared and updated with accuracy and that they remain compliant with the country’s financial laws and regulations. Additionally, accountants handle tax-related tasks for the director/s of a corporation.
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