Business Support Services

This service is designed for 1st time contractors, and those who do not want to be bogged down with the administration involved with running a company. London 1st will take care of all your company needs and statutory obligations, while you focus on earning the maximum company income. This service is a fixed monthly fee of £120 plus VAT a month, and includes the following:

Bookkeeping Training

24/7 Online Bookkeeping and Accounting Software

  • 24/7 Online Bookkeeping and accounting software with invoice processing, P & L and balance sheet reporting with drill down into detailed ledgers. All company information such as past financial statements stored in one place.

Update your Accounts on A Daily Basis

  • Your accounts are kept up to date on a daily basis. We will keep track of what income and expenses are paid into and out of your bank account, so you can log in at any time and see what invoices are paid/unpaid, what taxes you owe and what dividends can safely be paid without overdrawing all with the reassurance that your accounts reflect the cash at bank - day or night.

E-mail directors when there is a change in your accounts

  • We will e-mail you as soon as there is a change in your accounts, sending you a summary of your updated company accounts

Own Personal Consultant

  • You can contact your own personal consultant who knows your company accounts and is ready to assist you with all the support you require

Monitor and Help Plan your Tax

  • We will continually monitor and help plan your tax so that you maximise your earnings and warn you when you may be entering higher levels of tax

Deal with Companies House and HMRC Correspondence

  • We will deal with all Companies House and HMRC correspondence pertaining to your limited company

Complete Annual Return

  • Complete Company Annual returns

Complete PAYE Returns

  • Complete your PAYE return

Personal Tax Return

  • Complete your personal tax return

Advise on all payments

  • We advise on salary and dividend payment each time an invoice is paid into the company account.

Advise directors on Tax and NI Liabilities

  • Calculate the taxes you will need to pay and account for a provision for these liabilities - provided you follow the guidance we provide, you should have no nasty surprises when your tax bill comes.

Unlimited Specialist advice

  • Unlimited specialist advice and help at no extra cost

Produce and Submit Year- End Accounts

  • Year- end accounts

Cessation Accounts and Company Closure*

  • Cessation accounts and company closure if required*

What We Need From You:

  • All you need to do is send Invoice and Expense information, via the user-friendly online software
  • We will then update your accounts leaving you to view your company reports, and make payments that we calculate under your instruction 

All this is done on a daily basis and reconciled with your live bank account so that you are assured of 100% accounting integrity  every day throughout the year and not just quarterly or monthly.

To read more about these services please feel free to download the following PDF: Overview of contractor services.

Which Service Is For You?

Still need help deciding? Click here or Contact our consultants for more information and help or book an appointment for a free consultation.

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