Small business accounting packages


Simplicity & Simplicity Lite

When last did your accountant highlight the percentage return you’re receiving from your business and suggest how you could improve it?

Discover My FD Simplicity

At My FD that’s standard.
Whether you choose our more popular Simplicity package, our our pared-down Simplicity Lite, your dedicated accountant will look at the numbers regularly and see how you could do more with the money you get in.

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Simplicity

Our most popular fixed-fee accounting package is for you if you want to:


  • Spend no more than 10 minutes a month on financial admin
  • Have real-time insight into your financial situation
  • Get proactive monthly advice on optimizing the money you withdraw
  • Be certain that you're compliant with IR35 and tax legislation

Simplicity gives you

Your own qualified accountant


With one of the lowest client:accountant ratios in our industry, your dedicated accountant will get to know your business and be proactive in making money-saving suggestions.

The UK’s top small business accounting software


We use FreeAgent because we believe it’s the best. Use it on your mobile, sync it with your business bank account, and see at a glance where you stand.

Monthly health checks


Your easy-to-understand monthly statement includes your percentage return and the most tax-efficient approach to paying yourself each month.

Unlimited tax & financial advice


Besides the unprompted monthly advice and the unlimited on-demand advice from your accountant, you have access to our in-house chartered tax advisers too.

Bookkeeping support


Spend your time building your business and getting work done while we issue invoices, calculate NIC/PAYE deductions and help you keep tabs on your expenses.

IR35 advice and defence


Our in-house experts can check your contracts at any point. We will handle any enquiries and will personally defend you against IR35 challenges from HMRC.

Details and pricing

If you use Simplicity your accountant will:

  • Prepare your company’s annual accounts/financial statements
  • Register you as an employer (payroll) and for VAT if necessary
  • Prepare an annual salary forecast and PAYE/NIC deductions
  • Complete and submit your
    • abridged accounts to Companies House
    • annual confirmation statement to Companies House
    • corporation tax return to HMRC
    • annual payroll and benefits-in-kind return
    • personal tax return to HMRC (for the principal director)
    • VAT return.
  • Act as your registered office and director’s service address
  • Scrutinise your finances each month to identify any potential to improve your earnings
  • Send you a monthly account statement that includes your percentage return
  • Advise you on the most tax-efficient way to access funds each month
  • Prepare and issue your invoices
  • Provide employment, mortgage or rental references
  • Remind you of any upcoming tax payments so you don’t incur penalties
  • Remind you to log any unlabelled expenses
  • Provide you with advice on IR35 and unlimited contract reviews
  • Handle any HMRC enquiries and IR35 defence

Everything above is included for £139 + VAT/month — No hidden extras

We can also structure and register your limited company for an all-inclusive fee of £125 + VAT

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Simplicity Lite

Our light-touch fixed-fee accounting package for small businesses is for you if you want to:


  • Do the day-to-day admin for your finances yourself
  • Use simple, market-leading online accounting software
  • Get an annual IR35 contract review
  • Have access to an experienced accountant to answer queries on demand

Simplicity Lite gives you

Your own qualified accountant


With one of the lowest client:accountant ratios in our industry, your dedicated accountant will get to know your business and be proactive in making money-saving suggestions.

The UK’s top small business accounting software


We use FreeAgent because we believe it’s the best. You can use it on your mobile, sync it with your business bank account, and see at a glance where you stand.

Unlimited tax & financial advice


Besides unlimited on-demand advice from your accountant, you have access to our in-house chartered tax advisers too.

Details and pricing

If you use Simplicity Lite your accountant will:

  • Prepare your company’s annual accounts/financial statements
  • Register you as an employer (payroll) and for VAT if necessary
  • Prepare an annual salary forecast and PAYE/NIC deductions
  • Complete and submit your
    • abridged accounts to Companies House
    • annual confirmation statement to Companies House
    • corporation tax return to HMRC
    • annual payroll and benefits-in-kind return
    • personal tax return to HMRC (for the principal director) VAT return.
  • Act as your registered office and director’s service address
  • Provide you with advice on IR35 an annual contract review
  • Advise you on the most tax-efficient way to access funds

£109 + VAT/month — No hidden extras

We can also structure and register your limited company for an all-inclusive fee of £125 + VAT

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Set up your limited company


New to contracting and need to set up a limited company? Let us do it for you. This service includes the incorporation of your own limited liability company, advice on optimal share structure and help opening a business bank account if required.

One-off fee of £125 + VAT

Find out more

What makes our IR35 support different?


You won’t need IR35 insurance if you sign up for our Simplicity package. Our in-house chartered tax advisers are IR35 experts. If you are investigated by HMRC, we will handle the enquiry and defend you ourselves. That means we have a vested interest in our IR35 advice being sound.

On-the-go accounting app


FreeAgent is included in our accounting packages. It lets you do everything from your laptop or mobile.

  • Sync it with your business bank account
  • Use it on your laptop, tablet or mobile, anywhere and anytime
  • Keep track of everything on your finance dashboard

Additional accounting services


The My FD team has more than 50 years of combined experience in tax and accounting, and we can handle whatever accounting or tax related services you need beyond your limited company. We can:

  • Help your partner or spouse with their personal tax returns
  • Dissolve your limited company
  • Do the accounts for any additional small companies you have
  • Deal with HMRC queries that relate to your finances before you joined us