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FINANCE AWARDS 2021

Flexila Accounting & Bookkeeping

Bookkeepers of the Year 2021 - Warwickshire

Specialist Accounting & Bookkeeping

 

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Flexila is committed to delivering personalised accounting and bookkeeping services

 Knowing you as a client better and understanding your business is the key to giving you excellent service which in turn results in strong customer relationships.

We apply our expertise to each of our client’s unique situations and offer individualised attention to help achieve their financial goals

Sole Trader

Register as a Sole Trader

You are legally required to register as self-employed once your turnover (not profit) goes over £1,000.

The deadline for telling HMRC that you have set up a business is the 5th of October in your business's second tax year.

A tax year runs from 6 April to 5 April, so if you started your business on 1 January 2021 then you would need to let HMRC know by 5 October 2021.

The easiest way to register is to go online and fill out the HMRC application form

Record keeping

  • Bank statements

  • Sales Invoices

  • Supplier invoices

  • Cash expense forms & receipts

  • VAT records if you are VAT registered

  • PAYE records if you employ people

  • Business credit card statements & receipts

  • Mileage claims

  • Statements detailing your online earnings like eBay Statements, Paypal account and Etsy income

  • SEISS grant details

Register for Self Assessment

Self-assessment is the process created by HMRC that allows anyone who receives untaxed income to declare it to the government and pay any tax due

Registering is simple enough to do it yourself just visit HMRS website 

Disallowable expenses

  • Training for new skills;

  • Parking fines;

  • HMRC interest and penalties;

  • Non branded clothing;

  • Certain meals.

National Insurance Contribution 

You pay Class 4 NICs when you are self-employed earning over a certain threshold. The amount you pay depends on your earnings 

Allowable expenses 

  • Stationery;

  • Reference Books;

  • Course Materials;

  • Computer;

  • Printer;

  • Website design, hosting and maintenance;

  • Phone;

  • Internet;

  • Travel;

  • Mileage for using your own car to visit students;

  • Some food;

  • Use of home;

  • Training courses for maintaining your skills;

  • Marketing and PPC;

  • Accountants fees;

  • Bank charges for a business bank account

Plans

 
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Let's Take Your Business to the Next Level

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Practice Licence 22730
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Flexila Accounting and Bookkeeping is licenced and supervised for Anti Money Laundering by ICB

Sole Trader 
Basic

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from £180

  • Self Assessment Tax Return 

  • Preparation of Financial Statements

Sole Trader 
Advanced

 

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from £60 per month

  • Quarterly Bookkeeping up to 150 transactions 

  • Bank Account Reconciling

  • Self Assessment Tax Return

  • Preparation of Financial Statements

  • Reminder services for all deadlines and payments

Sole Trader VAT
Premium

 

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from £95 per month

  • Monthly Bookkeeping up to 100 transactions

  • Bank Account Reconciling

  • Self Assessment Tax Return

  • Preparation and submission of quarterly MTD VAT return

  • Preparation of Financial Statements

  • Reminder services for all deadlines and payments

Small Limited Company
 

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from £95 per month

  • Monthly Bookkeeping 

  • Bank Account Reconciling

  • Self Assessment Tax Return

  • Preparation and submission of quarterly MTD VAT return

  • Preparation and Submission of Corporation Tax Return

  • Preparation and Submission of Financial Statements

  • Preparation of Companies House Confirmation Statement

  • Dividend documentation

  • Reminder services for all deadlines and payments