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[H1] Accounting you can understand

Providing a personal service to help you grow your business

How we help
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[H2] Everything we do is underpinned by three objectives

[H5] Wealth
We’ll turn your hard work into the financial reward you deserve.

[H5] Knowledge
We’re fully qualified experts in our field — we’ll throw the kitchen sink at it if we have to.

[H5] Time
We’ll make your time our priority, helping to make a real difference.

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We know what you are going through. We’ve spent time in the rat race, we’ve worked for other people, and now we’re on our own path.
As business owners, you know what it’s like to do it your own way. We’ll help you to become the next best business on the block. And when our methods are successful, and you’ve achieved your goals, everyone’s a winner.

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[H3] Shortlisted as finalists

We’re really proud to be shortlisted as finalists for the prestigious Contracting Awards within the first two years of our incorporation. The business has been set up with the ambition to showcase our background and expertise in contractor accounting so for it to be recognised so early on, means the world. We look forward to continuing to serve contractors across the UK!
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[H2] Take a look at our services

Our goal is to offer a comprehensive package that meets all your accounting needs, whether you’re an individual, a small business, or a larger corporation.

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Dedicated personal accountant

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Transparent fixed fees

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Unlimited tailored advice and support

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Saving you money & time

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[H3] How we help
We’re on the front foot, ready to give you proactive advice that not only works, but that is clear to understand

[H5] Our services

Accounting service
Business advisory
Cloud accounting
Tax planning

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[H3] Who we help
We support limited companies on the path to success, leveraging tech to give you results faster and efficiently.

[H5] Our specialisms

Contractors
Freelancers
Limited companies
SMEs and Owner Managed Businesses

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[H2] Your accounts made simple

Keeping track of your finances can be a headache, but it doesn’t have to be. We’re here to simplify your accounts, giving you the clarity and control you need to focus on what you do best. Let’s make accounting a breeze, not a burden

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[H4] Streamlined accounting processes

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[H4] Tailored, personalised support

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[H4] Future-focused strategies

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[H4] Your questions answered

[H5] Should I add my spouse as a shareholder?
It’s quite common for a spouse to hold shares in a company and receive dividends when they’re distributed. This approach offers a notable advantage as it may enable the utilisation of any unused tax allowances and basic rate tax banding.
By strategically distributing shares between spouses, we can help optimise tax planning and take advantage of available tax allowances. This allows for more efficient tax management and potentially reduces the overall tax liability for both individuals.

[H5] As a company director, what are my compliance requirements?
Annual statutory accounts which are filed at Companies House, Corporation Tax return(s), Confirmation Statements, and, in some cases, VAT returns.
Please see our dates and deadlines page for more information and specific deadlines.

[H5] When is my personal tax return due to be filed?
As a company director, you have a personal tax return obligation each year. This return is due by the 31st of January following the end of the tax year. You are responsible for accurately reporting your income, including any salary, dividends, or other earnings from your company, as well as any other personal income you may have.

[H5] What are my responsibilities when engaged with your service?
You’re in charge of keeping your bookkeeping up to date using our simple online software. This step is super important because it helps you make the most of the software and service. Up to date bookkeeping means we can provide accurate advice and also means estimating your taxes is a lot easier! Remember, unless you’ve chosen a package with bookkeeping included, it’s up to you to stay on top of it.

[H5] How does the contract work for your ongoing monthly packages?
Our service is provided on a rolling monthly contract, we do not believe in tying you in for a certain period of time and believe our service will speak for itself.

[H5] What software do you work with?
Our preferred softwares for clients are FreeAgent or Xero. We believe these are the best products out there to support your business. We will always discuss with you which one we believe to be a better fit for you and to factor in any preference you may have.

[H5] What is the process of setting FreeAgent or Xero up?
If you already have an account, you will simply allow us access to your dashboard.
If you don’t have an account, we will set one up for you. We can then integrate it  with your business bank account via a direct bank feed. This will mean you (and we) will be able to see what is coming in and out of your business account in real time.
Other functions of Freeagent or Xero include creating and sending invoices, running payroll, managing expenses and of course financial reporting and planning tools.

[H5] What expenses can I claim?
In a nutshell, providing the expenses are wholly, exclusively and necessary for the running of the business then they will be allowable.
Travel to and from work & subsistence are also allowable expenses under the 24 month rule if you are working at a temporary workplace.
Please visit our blog for more on expenses and the 24 month rule.

[H5] Do I need a business bank account?
As a Limited Company the answer is yes. A limited company is a separate legal entity and therefore needs its own bank account. Receiving company money into a personal bank account can get very messy, very quickly!
Even as a sole trader we would strongly recommend you set up a separate business account. This allows you to keep things clean and have a distinction between business and personal money. The software we use to support your sole trader business has a direct bank feed which will be far less effective (and more work for you) if it pulls through non-business transactions from a personal bank account as well.

[H5] How should I pay myself as a director of a Limited company?
As director of your own limited company you can pay yourself however you see fit providing the company has sufficient funds and all taxes are considered.
There are four ways the funds can be taken out and paid directly to the director;
– Salary
– Dividends
– Expenses Reimbursement
– Directors loan
There are also some indirect ways to remunerate the director
– Pension contributions
– Benefits in kind
For more details on the above check out our blog.

[H5] How do dividends work and how much can I take out?
Dividends are payments that can be taken from the profits of your limited company and paid to the shareholders once the profits have been taxed. While you have the option to take all available profit as dividends, it may not always be the most tax-efficient approach. Our goal is to ensure that you receive the most tax-efficient advice regarding dividend payouts. By optimising dividend payments, we can help you minimise your tax burden while maximising your income.

[H5] What expenses can I offset or make tax- deductible?
There are many tax-deductible expenses that a director can offset; this depends on the nature of your business but can typically include:
Travel, Accommodation and Mileage costs can all be included provided you are travelling to a ‘temporary workplace’
Computer Hardware and Software: Expenses for IT equipment are deductible if purchased exclusively for business purposes. This includes computers, laptops, software licences, and peripherals necessary for your business operations.
Business Phones and Broadband:
Mobile Phones: You can claim expenses for one mobile phone per employee if it’s used for business purposes. Even if the phone is occasionally used for personal calls, the entire cost can be claimed as a business expense if both the phone and the contract are in the company’s name.
Broadband Costs: Expenses for broadband services used for business purposes are deductible. Whether it’s for email communication, web browsing, or video conferencing, the broadband expenses incurred for your business can be claimed.
You can claim back membership fees for professional memberships and subscriptions to recognized professional bodies approved by HMRC. These memberships are essential for maintaining professional qualifications and staying updated within your industry. By claiming these expenses, you can reduce your taxable income.HMRC provides a list of recognized professional bodies, and you can check whether your membership qualifies for tax relief. It’s important to keep records of your membership fees and receipts for claiming expenses during tax filing.
Salary, Pension Contributions and Subcontractor costs will all reduce Corporation Tax. Contributing into a pension is a very tax efficient way of operating.

[H5] Do I need to register for VAT and how does VAT work?
If your turnover falls below the current threshold of £90,000 within any 12-month period, VAT registration is not mandatory. However, voluntary registration could still be beneficial for your business. Additionally, being registered for VAT grants you access to the Flat Rate Scheme, potentially increasing your business’s profitability.
Once registered for VAT, you’ll be required to submit VAT returns quarterly, with specific VAT quarters assigned to you upon registration. At Accrue Accounting, our team will handle the preparation and submission of your VAT returns on your behalf. All you need to do is settle any VAT liability due, which can conveniently be arranged through HMRC’s Direct Debit payment option, offering you one less concern to manage.
So, most stuff you buy comes with a 20% VAT tag. But there are exceptions – some things have a different amount of VAT applied, like a 5% or even 0% rate.
Now, here’s the deal: when you charge VAT to your customers, they’re the ones who end up paying for it. You just tack on that extra 20% to your usual price.If you’re selling to other businesses (B2B), signing up for VAT right away is usually a smart move. Why? Because those businesses can claim back the VAT you charge them, so it doesn’t really cost them anything extra.
But if you’re selling directly to consumers or small businesses that aren’t VAT registered (B2C), it’s a bit different. Charging them that extra 20% might not go down too well, because they can’t claim it back. So, you might want to hold off on registering for VAT until you’re sure it’s the right time. But hey, every situation is unique, so it’s always best to chat with your accountant to figure out the best plan for dealing with VAT.

[H5] How does VAT work?
Value Added Tax (VAT) applies to most goods and services in the United Kingdom. From the 1st April 2024 if your business taxable turnover exceeds £90,000 in a rolling 12 month period you must register for VAT.
Most goods and services are charged at the standard 20% VAT. There are certain goods and services that can be at a reduced VAT rate of 5% or even 0%.
VAT charged by your business will be suffered by your end client/customer as you would normally charge them the 20% on top of your usual rate/price.
For business to business (B2B), voluntary registration from the outset usually makes sense as the VAT will be reclaimed by your client/customer (on the basis they are VAT registered) so there will be no skin off their nose having the extra 20% on top of the invoice.
With business to consumer (B2C) or invoicing small businesses that are not VAT registered, charging the 20% on top of the rate/price is less appealing from the consumer side with the VAT element being fully suffered by them and no way of reclaiming. So in this case sometimes holding off registration until getting closer to the registration may make more sense. But each situation can be unique depending on the business circumstances, so always seek advice from your accountant to discuss the best way to move forward and plan ahead for VAT.

[H5] Is changing accountant difficult?
The thought of changing your accountant might seem daunting, but in reality it is a relatively straight forward process. At Accrue Accounting we make switching accountants as easy as possible. We would just need the contact details of your previous accountant to obtain professional clearance, along with the photo ID and proof of address we would need for any new client to do our Anti Money Laundering checks. Once you are all on boarded our side we would then handle the switch over process, so you can then put your feet up and be worry free.

[H5] Are meetings only via the telephone or online, or can we meet in person?
Predominantly, we deal with our clients via google meet (or alternative web calls), telephone, WhatsApp or email. But we are always happy to accommodate face to face meetings, if you are local or fancy a visit down to the south coast of England, in Poole, Dorset.

[H5] Who do we help?
Accrue accounting work with a wide range of limited companies, sole traders and self assessment only clients across a range of industries.
We have specialist packages aimed at contractors and freelancers who operate via their own limited companies or as sole traders, who are looked after by their own dedicated personal accountant.
We also offer bespoke services on fixed fee monthly services for other limited companies businesses.

[H5] Should I operate as a Limited Company or Sole Trader?
This, although a simple question, has a more complicated answer, we have written a blog on this subject which can be found here.
It is always best to get professional advice on this so please do reach out to us and we will be happy to

[H1] Accounting packages

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[H2] Services for all business sizes

At Accrue Accounting, we understand that navigating the financial aspects of your business goes beyond just managing numbers — it’s about guiding your business toward sustainable growth and success. Our accounting packages, tailored for contractors, freelancers, and consultants in any industry, are meticulously designed to meet your unique needs, ensuring that every financial decision moves you closer to your business goals.
Join Accrue Accounting and experience a service where your business’s financial health and growth are nurtured every step of the way. Contact us today to discover how we can empower your business journey towards financial excellence.

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[H5] Accounting services
From statutory audits to comprehensive financial reporting, our services are tailored to ensure your business’s financial health is not just maintained but optimised. Let us handle the intricacies of your financial landscape, so you can focus on what you do best – growing your business.
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[H5] Business advisory
Whether you’re looking to refine your business strategy, enhance operational efficiency, or navigate through restructuring, we’re here to guide you through. Our expert insights and personalised advice are your assets in making informed decisions that drive success.
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[H5] Cloud accounting
Embrace the future of accounting with our cloud-based solutions. Accrue Accounting provides cutting-edge cloud accounting services that offer you real-time access to your financial data, anywhere, anytime. This not only enhances your decision-making capabilities but also ensures that your business adapts swiftly to the ever-evolving market dynamics.
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[H5] Tax planning
Our tax planning services are designed to navigate these challenges, ensuring that your business benefits from every available relief and allowance. With Accrue Accounting, proactive tax strategies are at the heart of financial efficiency, helping you retain more of your hard-earned profits.
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[H3] Who we help

We support limited companies on the path to success, leveraging tech to give you results faster and efficiently.
See all sectors

[H5] Our specialisms

Contractors
Freelancers
Limited companies
SMEs and Owner Managed Businesses

[H2] Ready to get started?

Want to see the value in your hard work? Get in touch with us today.

Contact us
Our prices

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[H1] Who we help

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Who we help

[H1] Do you provide accountancy services near me? Yes!
Welcome to Accrue Accounting, where our mission is to guide and support businesses of all sizes and sectors through their financial journey with a personal touch and modern expertise.
Whether you’re a limited company, contractor, freelancer, SME, or owner-managed business, we understand that every business has unique challenges and goals.
Thanks to our cloud-based accounting solutions, our expert accountants are always nearby, no matter where your business is located, eliminating the need for you to visit our physical office.
Our accountancy services are designed to offer more than just solutions —we build a partnership that values and fosters your growth and success as much as you do.

[H3] Our approach: Personal, modern, empowering

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At Accrue Accounting, we’re more than just about crunching numbers. We build strong relationships and offer accountancy services that are both personable and professional. Our team is committed to delivering the benefits of a modern, innovative approach while maintaining the values of a traditional, holistic service.

Personable relationship: We believe in taking the time needed to accomplish tasks, ensuring that we understand your business inside and out. This approach allows us to offer advice that is not only valuable but tailored specifically to your business’s needs.
Modern, tech-savvy results: Leveraging the latest in accounting technology, we provide results that are not only fast and efficient but also secure and accessible. Our cloud accounting services mean you’re always ahead, with real-time access to your financial data.
Empowering advice: We’re here to help your business see the real value in hard work. Our advice is designed to empower you, offering insights that you can use across all areas of your business to achieve success in the ‘right way’.

[H3] Changing the game
Accounting is evolving, and Accrue Accounting is at the forefront of this change. We’ve spent years learning, growing, and understanding what businesses need from their accounting service. With us, you’re not just getting an accountant; you’re gaining a partner who is on the front foot, ready to provide proactive advice that you can understand and apply.
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[H3] Ready to join us?
If you’re a limited company, contractor, freelancer, SME, or owner-managed business looking for an accounting firm that offers a blend of traditional values and modern efficiency, Accrue Accounting is for you. We’re ready to help your business win big, providing support and advice every step of the way.
Contact us today to see how we can help your business grow, lead, and succeed in today’s dynamic business environment. Accrue Accounting: Empowering your business journey, every step of the way.

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[H5] Project management
Every project begins with a strong foundation. Let Accrue Accounting be the solid financial base that supports your success.
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[H5] Technology and IT (software development)
Accrue Accounting offers expert, proactive services for IT contractors in the UK. We specialize in IR35, tax planning, and cloud-based accounting. Discover why we’re the best IT contractor accountants in the UK.
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[H5] Consultancy and business management services
Accrue Accounting know that as a consultant, your focus is on helping clients solve problems and drive business growth. By handling all your accounting needs efficiently, we free up your time, allowing you to concentrate on strategising and delivering value to your clients without worrying about financial admin.
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[H5] Legal and financial services
We believe that accounting doesn’t have to be your Achilles’ heel—it can be your secret weapon. Whether you’re a boutique law firm or a financial powerhouse, our legal and financial accountant services are your trusted partner to grow your business, keep your numbers straight, and give you one less thing to worry about.
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[H5] Marketing and advertising
When it comes to managing your finances, choose a partner who understands the ins and outs of the marketing and advertising world. With Accrue Accounting by your side, your marketing and advertising agency will be set to thrive!
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[H5] Healthcare
Accrue Accounting provides expert financial services designed specifically for locum health professionals. Whether you need assistance with tax management, budgeting, or navigating complex finances, our team is here to help. Explore our dedicated page to learn how we can streamline your accounting needs.
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[H5] Creative professionals
Find out how our accountants for social media influencers, content creators, photographers, videographers, and designers are proactive, stress-free, and accounting services tailored to their busy lifestyles.
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[H5] Real estate
Handling finances in the real estate industry can be tricky, with plenty of opportunities for things to go wrong if not properly managed. Accrue Accounting helps you avoid these pitfalls by automating and optimising your accounting so you can stay ahead of the game, save time, and maximise your profits!
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[H3] How we help

We’re on the front foot, ready to give you proactive advice that not only works, but that is clear to understand.
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[H5] Our services

Accounting service
Business advisory
Cloud accounting
Tax planning

[H2] Ready to get started?

Want to see the value in your hard work? Get in touch with us today.

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Our prices

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[H1] Switch to us

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[H2] Switch to us in three easy steps

Switching to Accrue Accounting is a straightforward process designed with your convenience in mind. We understand the importance of a seamless transition, ensuring that your business experiences no disruption.

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[H4] 1. Get in touch
Ready to elevate your accounting experience? Contact Accrue Accounting today. Our team is eager to listen, understand your needs, and discuss how we can support your business’s growth. Reach out for expert advice and bespoke solutions tailored just for you. Let’s make your business ambitions a reality together.

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[H4] 2. Discovery call
Book your discovery call with Accrue Accounting to explore how we can tailor our expertise to your business needs. This no-obligation chat is your first step towards a more efficient, transparent accounting partnership. Let us understand your challenges and goals, and show you the pathway to financial clarity and business growth.

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[H4] 3. We'll handle the rest
After your discovery call, leave the complexities to us. We’ll meticulously manage the transition, ensuring a seamless switch without disrupting your business operations. Our team will tailor solutions, align strategies, and set up processes to optimise your financial performance. Sit back and watch as we pave the way for your business’s success, handling every detail with precision and care.

[H2] Want to talk it over?

If you’re pondering the switch or have any questions about how Accrue Accounting can benefit your business, we’re here to talk it over. Our team is ready to provide you with the clarity and information you need to make an informed decision. Let’s discuss your accounting needs and how we can support your journey to success.

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[H2] Bespoke quote? No problem

If  you don’t quite fit into one of our packages – don’t worry!
We are more than happy to discuss a bespoke quote for our accountancy services. Get in touch today or fill in the form and we’ll get back to you.
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[H2] Ready to get started?

Want to see the value in your hard work? Get in touch with us today.

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