How it works
Regardless of whether you approach us with your own limited company, or if you need us to help you get one started, we will help you ensure your limited company is correctly setup and registered with Companies House, HMRC, and if need be we can help you open a business bank account with either HSBC, or Metro Bank.
Simplicity is key for us. We want you to enjoy our service!
Our online bookkeeping features
One of the biggest advantages you will enjoy in using our accounting service is having access to our own online bookkeeping system. It is extremely easy to use, and has been developed by us specifically to service the contractor market.
We have kept our software intuitive to use, and simple to find your way around. Our menu structure is straightforward, and its easy to perform key tasks such quickly.
Simple to use invoicing where you can raise new invoices, view previous invoices, and email invoices (as a pdf) to your client/agency.
Record your expenses directly into our system. No need to send us your receipts, just keep hold of these yourself.
This area holds your limited company registered office address, your own residential address, business bank account details, VAT registration details, and
company tax references. If you move house, just update your address online and we will automatically notify the HMRC and Companies House for you.
Use this to track your personal tax liability, which is very important for contractors earnings over about £25 per hour, or those who move to
contracting from permanent work. Appropriate planning in this area can significantly reduce your overall tax liability. Our system will not only
summarise your personal earnings for the tax year and estimate any personal tax due, you can also view a history of all payments you
have made to yourself.
View a quarterly profit and loss account to see how profitable your business has been, and what surplus retained earnings you have accrued in the
company each quarter. This is a very useful tool to help with your tax planning.
View our helpful guides on claiming expenses, Directors loans, tax, and VAT. You can also download your company incorporation certificate, VAT
certificate, and share certificate from here. In addition to this, the Toolbox contains useful information relating to personal tax, and
you can download your previous year P60, P11D, and dividend certificate in relation to earnings from your limited company.
While we take care of preparing all the documentation required to meet filing deadlines and will notify you when you need to make various
payments, here you can keep yourself up to date with what your company needs to file with this 12 month look-ahead calendar. It contains
all the important filing/payment deadlines relating to Companies House, corporation tax, VAT, PAYE, and personal tax.
Reminders and Notices
From your bookkeeping homepage you can view all your reminders and notices. These get posted by us as a way of ensuring we are getting
everything we need from you to provide you with the best possible service. We also put important events on here so you are always kept up
to date with important tax/accounting matters. The homepage also contains the name, email address, and phone number of the person at
CCA who deals with your company accounting affairs. Call/email them anytime to discuss your accounting or tax questions.
Week to week operations
Generally your most common tasks with contracting will be invoicing your client/agency on a regular basis, and keeping your expenses updated. The main
differences between the two services we offer arise at this point.
Every month we will match the invoices and expenses you have recorded online to your business bank account. We will flag up any invoices
unpaid (or not fully paid), any expense discrepancies. Any other transactions such as PAYE/NI/VAT/Corporation Tax payments, recurring company paid
expenses (as they appear on bank statement), bank interest/charges, pension contributions etc also get recorded into your online bookkeeping system
by us - this service does cost a little extra, but it does offer excellent value, and takes an enormous amount of the administration out of your hands.
The entry of your company transactions is purely up to you. Not only will you need to raise your invoices, you will also need to confirm the date the
invoice was paid into your business bank, and ensure the amount you received matches your invoice. You will also be entering all your business expenses,
and where those expenses are paid from your business bank account, confirm the date the payment left your business bank account. All other business bank
account transactions such as salary/dividend payments to you, bank charges, bank interest, VAT payments, and Corporation Tax get entered by you by matching
against your business bank account statements.