Our Service Fees

We handle everything to set up your limited company — filing with Companies House, registering for Corporation Tax, PAYE, and VAT if needed. You get a dedicated account manager from day one and an initial consultation to make sure your business structure works for you.

Real example: You're a plumber earning £80k+, a restaurant owner expanding to a second site, or an e-commerce seller scaling on Amazon. Going Ltd saves you tax. We file all the paperwork, register everything with HMRC, and explain what being a company director means in practice — including how to pay yourself efficiently through salary and dividends.

A Limited Liability Partnership is a different structure to a standard Ltd. We handle the full incorporation, all HMRC registrations, provide a partnership agreement template, and assign you a dedicated account manager. Includes an initial consultation about profit-sharing and partner responsibilities.

Real example: Two electricians want to run a business together but with legal protection. An LLP gives them partnership flexibility with limited liability. We set it all up and explain how profits get split for tax purposes.

We register you with HMRC as self-employed, apply for your UTR (Unique Taxpayer Reference), set up Making Tax Digital compliance, and give you a tax planning session so you know exactly where you stand from day one. Includes 30-day onboarding support.

Real example: You've just started doing mobile haircuts, opened a small beauty salon, or launched a personal training business. We register you, explain when your tax payments are due, set you up with our free bookkeeping app, and make sure you're ready for MTD from April 2026.

Once your turnover passes £90,000, VAT registration is mandatory. We handle the full HMRC registration, set up MTD-compliant software, and advise whether the Flat Rate Scheme or Standard VAT saves you more money. Includes first return guidance.

Real example: Your cleaning business or restaurant just crossed £90k in revenue. We register you for VAT, connect your accounting software, and show you how quarterly returns work — plus we check if the Flat Rate Scheme could save you thousands. We see this a lot with growing hospitality, e-commerce, and construction businesses.

If your turnover has dropped below the threshold or you're winding down, we handle the deregistration with HMRC, prepare and submit your final VAT return, and advise on any post-deregistration obligations.

Real example: You're semi-retiring and your turnover has dropped to £60k. We deregister you from VAT, submit the final return, and explain what changes for your record-keeping going forward.

Making Tax Digital for Income Tax is now mandatory from April 2026 for sole traders and landlords earning over £50,000. We set up your accounting software, build your chart of accounts, give you a 1-to-1 training session, migrate your existing data, and provide 60 days of follow-up support.

Real example: You're a self-employed electrician earning £55k. MTD now applies to you. We set up LOYALS Basic or QuickBooks, show you how to log income and expenses, and make sure your first quarterly submission goes smoothly.

Working as a subcontractor in construction? You need to be CIS registered with HMRC. We handle the registration, advise on gross payment status eligibility, and explain how deductions work so there are no surprises when you get paid.

Real example: You're a bricklayer starting subcontract work. Getting registered means your contractor deducts 20% tax instead of the 30% they'd take if you weren't verified — that's more money in your pocket each month.

If you hire subcontractors in construction, you must register as a CIS contractor with HMRC. We handle the registration, set up your verification process, and give you a full compliance briefing so you understand your obligations around deductions, monthly returns, and record-keeping.

Real example: You run a building firm and hire 5 subbies regularly. We register you as a contractor, show you how to verify each sub before paying them, and handle your monthly CIS returns to HMRC.

Gross payment status means contractors pay you without deducting CIS tax — you keep 100% of your invoice and pay tax later through self assessment. We review whether you qualify, prepare all supporting documentation, and handle the full HMRC application.

Real example: You're an established plumbing subcontractor with a clean tax record. Getting gross payment status means instead of receiving £800 from a £1,000 invoice, you get the full £1,000 — much better for your cash flow.

Closing your company? We handle the DS01 filing with Companies House, prepare final accounts, notify HMRC of all relevant taxes, run creditor checks, and confirm clearance. A clean closure protects you from future liabilities.

Real example: You're closing your Ltd to go back to sole trading. We file everything, make sure all taxes are paid, and get confirmation that the company is properly dissolved.

If your company was struck off (perhaps due to missed filings) and you need it back, we support the court application process, file all overdue accounts and returns, obtain HMRC clearance, negotiate penalties, and handle the full reinstatement.

Real example: Your company was struck off because you missed two years of accounts. A client now owes you money but the company doesn't legally exist. We restore it, file everything overdue, and get you back in business.

Every company must file a Confirmation Statement annually with Companies House — it confirms your company details are up to date. We file it, review your PSC (Persons of Significant Control) register, and run a compliance health check.

Real example: Your annual confirmation is due but you're not sure what's changed. We review everything, update any outdated information, and file on time so you avoid the £5,000 penalty for late filing.

Changing your company's financial year end affects your tax deadlines and filing dates. We file the change with Companies House, adjust your tax periods with HMRC, and explain how it impacts your next set of accounts.

Real example: Your year end is December but you want to move it to March to align with the tax year. We file the change and adjust all your deadlines accordingly.

Moving your registered office? We update Companies House, notify HMRC, and set up mail redirection so nothing important gets lost during the transition.

If HMRC opens an investigation into your tax affairs, you need professional representation. We assign a dedicated case handler, manage all correspondence, represent you in meetings, negotiate penalties, and are available 7 days a week throughout the investigation.

Real example: HMRC has questioned your expenses for the last 3 years. Instead of dealing with their letters yourself, we take over completely — gathering evidence, responding to queries, and negotiating the best possible outcome.

Your annual self assessment tax return covering all trading income, allowable expenses, and CIS deductions if applicable. We calculate your tax bill, submit to HMRC, and guide you on payments on account so there are no surprises in January.

Real example: You're a self-employed painter earning £40k. We gather your income and expenses, claim everything you're entitled to (van costs, tools, materials, phone), calculate your tax, and submit it all to HMRC.

For higher-earning sole traders with more complex affairs. Includes capital allowances review, tax planning notes, detailed payment schedule, and written recommendations on whether incorporation could save you money.

Real example: You're a successful tiler earning £120k. At this level, the tax savings from going Ltd could be significant. We prepare your return AND give you a clear comparison showing what you'd save by incorporating.

Full senior-level review of all income streams, capital allowances, loss relief, and a bespoke tax planning strategy. At this turnover, every decision has significant tax implications — you get dedicated senior attention.

Covers your salary, dividends, benefits in kind, and student loan repayments. We optimise your salary/dividend split so you keep more of what you earn, and review your overall tax efficiency as a director.

Real example: You're a company director taking £12,570 salary plus dividends. We make sure the split is optimal, claim all allowable expenses, and submit your personal return alongside your company's accounts.

For individuals with employment income plus rental income OR capital gains. Full preparation, HMRC submission, and advice on all available reliefs including property allowances and CGT annual exemptions.

Multiple rental properties, foreign income, trust income, or capital gains from several disposals. Comprehensive review with full tax strategy covering all income sources.

Multiple income streams, offshore interests, investment portfolios, and complex capital gains. Bespoke service with tailored strategy and dedicated senior tax adviser.

Partnership statement (SA800) plus coordination with each partner's individual returns. Includes profit allocation review and planning advice on partner remuneration.

Real example: Two bricklayers run a partnership earning £80k combined. We prepare the partnership return, allocate profits correctly, and file each partner's personal tax return (charged separately at £399 each).

UK rental income for non-residents. Full NRLS compliance, double tax relief claims, and remittance basis advice where applicable.

Making Tax Digital for Income Tax requires quarterly digital submissions to HMRC plus a year-end final declaration — replacing the traditional annual tax return for sole traders and landlords earning over £50,000. We review your records each quarter, ensure accuracy, and submit on your behalf.

Real example: You're a carpenter earning £55k. From April 2026, you'll need to submit profit figures to HMRC every 3 months (Jan–Mar, Apr–Jun, Jul–Sep, Oct–Dec) plus a final declaration by 31 January. We handle all five submissions for £500/year.

A personalised review of your entire tax position — we find legal ways to reduce your bill and help you implement changes. Includes a recommendations report, implementation support, and a follow-up meeting.

Real example: You're a self-employed barber earning £70k or a freelance web developer on £65k. Our review shows you'd save £4,200 a year by incorporating as a Ltd company. We explain exactly how, what it costs, and handle the whole transition if you decide to go ahead.

At this level an audit is usually NOT mandatory — most companies under £15m turnover are exempt. However, some still require one (lender conditions, shareholder requests, or articles of association). Full audit in accordance with ISA standards, audit report, and directors' meeting to discuss findings.

Companies at this scale are usually still below the mandatory threshold but should review annually. Some choose a voluntary audit for credibility with lenders or investors. Full audit fieldwork, controls testing, management letter, and directors' meeting included.

Approaching the mandatory threshold. An audit becomes legally required if your company meets at least 2 of 3 conditions: over £15m turnover, over £7.5m balance sheet, or more than 50 employees. Senior-led bespoke engagement.

At this level a statutory audit is almost certainly mandatory. We scope the audit based on your specific operations, subsidiaries, and complexity. Price is agreed upfront after a scoping meeting — no surprises.

Not sure if you're audit-ready? We review your financial records, internal controls, and reporting processes before the audit begins. This saves time during the audit itself and often reduces the overall audit fee. Recommended for first-time audits.

Add to any package above. Includes CIS monthly return and subcontractor payslips. Perfect for any subcontractor who needs CIS compliance on top of their core accounting.

Full CIS management for contractors: monthly returns, subcontractor payslips (up to 15), CIS suffered annual return, and verification of all subcontractors.

For large contractors: everything in the Contractor Add-On plus subcontractor payslips for up to 30 subs, CIS suffered return, and a gross payment status review.

At LOYALS, sole trader accounting starts from £100/month for our Starter package which includes bookkeeping, your self assessment tax return, a dedicated 7-day account manager, and access to our Business Growth Programme. If you just need a one-off tax return, that starts from £399/year depending on your turnover. We keep things simple — one monthly fee, everything included, no surprises.

Our Essentials package for limited companies starts at £250/month and includes bookkeeping, annual accounts, corporation tax return, payroll for up to 5 staff, and 7-day support. For growing businesses our Professional package at £500/month adds VAT returns, your director's personal tax return, and payroll for up to 10 staff. Both include access to our Business Growth Programme and on-demand legal and business consultancy.

CIS stands for Construction Industry Scheme. It's a system where contractors deduct tax from payments to subcontractors and send it to HMRC on their behalf. If you work in construction — whether you're a plumber, electrician, bricklayer, roofer, or building firm — you need to be CIS registered. LOYALS specialises in CIS and handles hundreds of construction clients. We manage your registration, monthly returns, suffered returns, and can even help you apply for gross payment status so you keep 100% of your invoices.

From 6 April 2026, Making Tax Digital for Income Tax changes how sole traders and landlords report to HMRC. If your gross income is over £50,000 (including combined self-employment and rental income), you'll need to submit quarterly digital updates instead of a single annual tax return. Limited companies and partnerships are currently excluded. At LOYALS, we handle all MTD submissions for £125 per quarter — we review your records, make sure everything's accurate, and submit on your behalf four times a year plus a final declaration.

VAT registration becomes mandatory when your taxable turnover exceeds £90,000 in any rolling 12-month period. Below that threshold you can register voluntarily — which actually saves some businesses money if they spend a lot on VAT-able supplies (like materials, equipment, or fuel). We handle VAT registration for £299 and advise you on whether the Flat Rate Scheme or Standard VAT is better for your trade. Quarterly VAT returns start from £175 per quarter.

Three things set us apart. First, every client gets a dedicated account manager available 7 days a week — not a call centre, a real person who knows your business. Second, our Business Growth Programme actively helps you win more work by connecting you with our existing client network, improving your digital presence, and providing on-demand legal and business consultancy. Third, we deliver chartered accountancy standards at genuinely affordable prices — the same quality that businesses paying significantly more at large firms receive. We're not a budget online bookkeeper and we're not an overpriced city firm. We sit right in the sweet spot.

Not at all. While CIS and construction is our specialism, we work with businesses across every service-based industry — hospitality (pubs, restaurants, cafes, takeaways), beauty and barbers, e-commerce and online retail, property landlords and lettings agents, cleaning companies, professional services and tech, creative and media production, transport and logistics, health and fitness, education, and import/export. If you run a service-based business in the UK, we can help.

A statutory audit is required when your company exceeds at least 2 of these 3 thresholds for two consecutive years: annual turnover over £15 million, balance sheet total over £7.5 million, or more than 50 employees. Below these, most companies are exempt. However, audits may still be required if your company's articles require one, shareholders request it, or a lender or investor insists on audited accounts. We provide statutory audits from £5,000.

It's something genuinely unique to LOYALS. When you join us as a client, we don't just do your accounts — we actively help your business grow. We connect you with our existing client base so you can win referral work from other businesses we serve. We help strengthen your digital presence so you show up when potential customers search for your services. And we give you access to legal and business consultancy on demand, so when you need advice on a contract, a partnership, or a new venture, it's there without extra fees or long waiting times.

Monthly bookkeeping at LOYALS starts from £199/month for businesses under £85k turnover and scales with your size: £325 for £85k–£250k, £499 for £250k–£500k, £749 for £500k–£1m, and upwards for larger businesses. This includes full bank reconciliation, expense categorisation, financial reporting, and 7-day access to your account manager. For sole traders on our Starter package (£100/month), bookkeeping is already included.

A sole trader self assessment at LOYALS costs £399/year for income under £85k, £549 for £85k–£250k, and £749 for over £250k. Director's personal tax returns are £499/year. Complex self assessments (multiple properties, foreign income, investments) range from £649 to £1,199 depending on complexity. All include full preparation, HMRC submission, and guidance on payments on account.

Yes — company formation is one of our most popular services at £649. We handle everything: Companies House filing, Corporation Tax registration, PAYE setup, VAT registration if applicable, and CIS registration for construction businesses. You get a dedicated account manager from day one and an initial consultation to make sure the structure is right for you. Many of our sole trader clients save thousands per year by incorporating at the right time.

IR35 is tax legislation that determines whether a contractor is genuinely self-employed or effectively an employee for tax purposes. If HMRC decides your contract falls inside IR35, you pay similar tax and National Insurance as an employee. Since April 2021, medium and large private sector clients are responsible for determining your IR35 status. LOYALS helps contractors with IR35 status reviews, contract assessments, and ensuring your working arrangements support an outside-IR35 determination. Whether you're an electrician contracting to a large housebuilder or an IT consultant working through your Ltd, we make sure you're properly set up and protected.

Yes. R&D tax credits let companies claim tax relief on spending related to research and development — developing new products, processes, or services, or meaningfully improving existing ones. Many construction firms, tech companies, e-commerce businesses, and manufacturers qualify without realising it. For example, a builder developing a new insulation method or a restaurant creating proprietary kitchen tech could both claim. LOYALS identifies your eligible R&D expenditure, prepares the technical narrative, and submits your claim to HMRC. Under the merged RDEC scheme from April 2024, companies can claim a 20% tax credit on qualifying costs.

Yes. We provide inheritance tax (IHT) planning for business owners and property landlords looking to protect their wealth. We advise on Business Property Relief, trust structures, gifting strategies, and how to use your nil-rate band and residence nil-rate band effectively. IHT planning is especially important for construction business owners and property investors whose assets often exceed the £325,000 threshold. This is part of the on-demand legal and business consultancy available to all LOYALS clients — another reason our service goes well beyond just bookkeeping.

LOYALS works with all major MTD-compliant accounting software including Xero, QuickBooks, FreeAgent, and Sage. For sole traders and smaller businesses we typically recommend Xero or FreeAgent for their ease of use and mobile apps. For larger companies needing inventory management, project costing, or multi-currency support, Xero or QuickBooks are usually the best fit. We set up your software, connect your bank feeds, and train you on day-to-day use — all included as part of onboarding. Clients on our Starter package also get access to a free bookkeeping app.

Absolutely. LOYALS handles payroll from 1 to 250+ employees — monthly payslips, RTI submissions to HMRC, and year-end P60s and P11Ds. We also manage workplace pension auto-enrolment including assessing eligible employees, communicating with your pension provider (such as NEST or People's Pension), and handling opt-outs. Payroll starts from £8.50 per payslip per month, with our Ltd packages including payroll for up to 5 or 10 employees depending on your plan. Whether you run a cleaning company with 20 staff or a restaurant with seasonal workers, we keep your payroll compliant and on time.