When last did your accountant highlight the percentage return you’re receiving from your business and suggest how you could improve it? At My FD that’s standard.
Our most popular fixed-fee accounting package for contractors or freelancers. This one's 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 £170 + VAT/month — No hidden extras
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
A flexible accounting service for small businesses, whether you operate as a limited company, a sole trader or a partnership. This one's for you if you want to:
Minimise the time you spend on financial admin
Have real-time insight into your financial situation
Get proactive advice on optimising the money you withdraw
Be certain you're complying with all accountancy and tax legislation
Accounting services tailored for your small business
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.
Small business accounting software
We use FreeAgent, Xero, sage, IRIS and QuickBooks. All our software is Making Tax Digital compliant and is designed to be simple to use and save you time.
Tax & financial advice
Besides unprompted monthly advice and the unlimited routine advice from your accountant, you have access to our in-house chartered tax advisers too.
Details and pricing
Because each small business is different, we build your small business accounting service around you. Please enquire via email or phone to obtain a quote.
Contact us to discuss what you need and we’ll quote you a fixed monthly fee.
As part of our small business accounting service we typically:
Provide you with the most appropriate cloud accounting software (FreeAgent, Xero, Sage, IRIS or QuickBooks)
Incorporate your limited company and help with set up and registrations
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
VAT return.
Act as your registered office and director’s service address
Send you management statements to complement the accounting software helping you understand your business finances at a glance.
Advise you on the most tax-efficient way to access funds
Remind you of any upcoming tax payments so you don’t incur penalties
Remind you to log any unlabeled expenses
Provide you with company secretarial services
Prepare your partnership and personal tax returns.
Please contact us for a bespoke quote tailored to your small business.
We can also structure and register your limited company or alternatively set you up as a sole trader or partnership for an all-inclusive fee of £195 + VAT
If you’re required to complete a personal tax return we can help in all circumstances.
For example, if you receive income from multiple sources or have made capital gains we can help you complete the self-assessment process. Our accountants are backed up by our in-house chartered tax advisers too.
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.
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
Cookie policy
We use cookies on this website to assist with navigation, analyse your use of our products and services and assist with our promotional and marketing efforts. Please be aware that your experience may be disrupted until you accept cookies. If you want to manage your preferences or find out more, please see our Cookie Policy.
