Accounting Services

1st Contact Accounting is a firm of Accountants that is a member of, and regulated by, the ICAEW (Institute of Chartered Accountants in England and Wales).

We offer a full range of accounting services and specialise in assisting contractors and small businesses with their accounting and tax needs.

Our services can be divided into three categories:

1. Personalised Quarterly Service

This is the preferred option for 80% of our existing clients.

This consultation service offers a quarterly consultation with your dedicated accountant, who will bring all your affairs up to date, including your:

• Bookkeeping
• VAT returns,
• Salary Setting, PAYE and National Insurance payments
• Annual Accounts
• Employer Annual Returns
• Annual Shuttle returns to Companies House

The benefit of this service is that your drawings and trading activity can be reviewed every 3 months. This will help to ensure you do not pay too much tax (i.e. fall into the upper tax brackets); that you maintain sufficient funds in your business bank account for taxes (and other liabilities) and perhaps to meet with a Financial Advisor if appropriate.

Any questions you have or post that has been received from the tax authorities can be dealt with in an efficient and personal manner during the consultation.

2. Online Accounting Service

This service is preferred by those who are comfortable having all accounting services delivered electronically (email, online etc.) and don’t require any consultations with an accountant. The service includes:

• Bookkeeping
• VAT returns
• Salary Setting, PAYE and National Insurance payments
• Annual Accounts
• Employer Annual Returns
• Annual Shuttle returns to Companies House

This service includes an initial consultation and access to a dedicated Accountant and accounting team. All information that we need is delivered to us through our website or by email and any questions you may have are answered either via email or telephone.

Access to a financial advisor is still available with the online service – free of charge, but would require a trip to our office for the consultation.

3. Bespoke Service (Pay As You Go)

For those who are inclined to take a more active role in their company’s accounting.

You are allocated an Accountant and an accounting team which you can contact if and when you require help with any accounting or tax need.

Services might include a consultation with your Accountant for advice, financial accounts, a personal tax return, VAT returns or registration.

Fees for the bespoke service are based on the time it takes an Accountant to perform any work requested.