All-inclusive core accountancy service

We offer a hassle-free all-inclusive core accountancy service for limited companies in the UK. A core accountancy service is not just about producing paperwork and filing it with the relevant authorities. Once you start using our service, you can ask us ongoing questions and we can provide professional tax advice whenever you need it.

It's our goal to be as useful as possible to you as you embark on your journey of becoming a company director. We will assign a senior accountant as your primary contact — who will always be on hand to answer your questions and address your concerns — as part of our service.

Our core accountancy service includes filing of all company accounts and tax returns as standard. However, we also include many other services at no extra cost, representing excellent value for money. For example, our confirmation statement service costs £34 +VAT as a standalone service, while VAT and payroll registration costs £29 +VAT — but these are all included in our all-inclusive service, allowing you to save money.

What does our core accountancy service include?

• Company year-end accounts (including Companies House filing)
• Company corporation tax return (to HMRC)
• Dealing with HMRC and becoming your authorised agent
• Company annual confirmation statement filing (with Companies House)
• Company secretarial services — e.g. filing changes to company officers, address or structure
• Registering director(s) and shareholder(s) with HMRC for self-assessment
• Filing self-assessment tax returns with HMRC for director(s) and shareholder(s)
• VAT registration
• Ad-hoc ongoing advice
• Legal tax planning discussions
• Management accounts
• Payroll (including annual payroll for directors)

Optional extras:

• Filing quarterly VAT returns: £16 per month
• Bookkeeping and management accounts preparation: £25 per hour

Together, we will agree the services to be provided and monthly fee in a transparent letter of engagement specifically for your business, so you know where you stand and how much you pay — no nasty surprises.

Can I use your core accounting service even if I have not formed my company through Mint Formations?

Yes, you can use us as your accountancy firm even if you do not register a company with us. However, we need your details, including the company name, number, web filing authentication code, the name of one director and shareholder information.

When and how often are company accounts filed?

For any company, accounts must be filed every financial year. For a new company, accounts must be filed within 21 months of incorporation or within nine months of your accounting reference date (ARD). For example, a company registered on the 13 January 2019 will have an accounting reference date of 31 January 2020. The deadline for filing the accounts for this company would be 31 October 2020.

I only traded briefly or for part of the year. Can I not just file dormant accounts?

No, if a company has undertaken any trading at all during its financial year, dormant accounts cannot be filed and a corporation tax return must be filed. We can discuss a cost-effective solution with you if there has been minimal trading.

What if the company accounts are not filed on time?

You will have to pay penalties if you don’t file your accounts with Companies House by the deadline. With Mint Formations, we will ensure your returns are filed on time.

What penalty is imposed by companies house for late filing?

The penalty for late filing depends on the amount of time that has passed since the deadline date. The following apply to private limited companies:

• Up to one month: £150
• One to three months: £375
• Three to six months: £750
• More than six months: £1,500

The penalty is doubled if your accounts are late two years in a row.

Do directors and shareholders have to file a tax return in addition to company accounts?

Yes, HMRC requests that limited company directors register for self-assessment and file personal tax returns. By law, taxable income (e.g. dividends as a shareholder) must be disclosed to HMRC and there are penalties and interest applied for late submission and late payment of personal tax.

What happens after I purchase the all-inclusive accountancy service?

Your dedicated senior accountant will introduce themselves to you, answer any questions you may have and provide a letter of engagement. Once you have signed this letter and provided any required ID (if you have not already provided ID for incorporation — for example, if you are opting for our service having already incorporated your business), we can commence the service. We will request additional information needed depending on the service provided.