Small company accountant

A small company accountant should apply the right reporting regime, file accurate accounts and Corporation Tax, and keep the cost proportionate to the size of the business. Micro entity and small company rules reduce disclosure, not the underlying record keeping.

Companies that meet the size thresholds can prepare simpler accounts under the micro entity or small company regimes, with reduced disclosure at Companies House. We check eligibility each year, because thresholds and results change, and we confirm that a simpler presentation still suits lenders and other users of the accounts.

Reduced disclosure does not reduce the tax work. Corporation Tax still needs a full computation, capital allowances still need claiming, and directors' transactions still need separating. The saving is in presentation, not in accuracy.

A small company with clean bank records, few suppliers and no payroll should not pay for a service built for a larger business. We price on transaction volume, VAT, payroll and reporting needs, and say so plainly if you need less than you asked for.

When turnover, balance sheet or employee numbers rise past the thresholds, reporting and possibly audit requirements change. We flag that in advance so the change is planned, not discovered at the year end.

Rates, thresholds and deadlines quoted here reflect the current UK position and current HMRC and Companies House guidance. Check GOV.UK, or ask us, before relying on them for your own business.