Moss Accounting Ltd

Company Formation & HMRC Registrations -
Once you have decided on which Company Structure you would like to operate through, there are certain registrations you must submit to let HMRC and Companies House know that you are trading.
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You also need to think about VAT Registration, CIS, Payroll & Auto Enrolment. We are deal with all of these registrations for you.
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Limited Company Registrations - If you are planning on running your business as a Limited Company you will need to be registered with Companies House as well as HMRC. Contact us to discuss the incorporation of your Limited Company.
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Sole Traders do not need to register with Companies House as there is not a separate legal entity being created. For Sole Trader businesses you are required to register for Self Assessment with HMRC. Again, this is something we can take care of for you. Once we have registered you for Self-Assessment HMRC will send you a Unique Taxpayers Reference through the post which we will use to file your yearly tax returns. See our Sole trader section for more information about managing your sole trader business.
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VAT
If your turnover over 12 consecutive months exceeds £85,000 you will need to become VAT registered. Once registered you will be required to add VAT to all of your customer invoices. You will also be able to claim back VAT on purchases. We can take care of the VAT registration and all ongoing VAT compliance for you.
See our VAT section for more details
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CIS
Whether you are a contractor, subcontractor, or both we can deal with the HMRC registration for you. It is important that this is done prior to you working within the CIS scheme so please get in touch asap to arrange the registration and get you on your way.
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PAYE
If you are an employer in the UK you will usually have to operate PAYE as part of your payroll. We can deal with the registration for you. Once we file the registration with HMRC they will send you through an Accounts Office Reference and a PAYE Reference. Usually within around 7 days. We would then use these referenced to file your monthly PAYE and RTI with HMRC
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Pension
If you are employing staff who are over the age of 22, under state pension age and you are paying them over £10,000 per year, you are required to enrol them in a workplace pension scheme. We can deal with the registration for you, as well as the ongoing compliance. We would deal with all of the assessments and ensure all staff who are eligible to be enrolled are enrolled. We would then manage the monthly deductions through your PAYE scheme and ensure the correct amounts are paid to the pension pot each month.

Limited Company Accounting -

Are you planning on incorporating a Limited Company? We can assist you with all Limited Company Accounting and HMRC compliance.
We aim to keep things simple and straightforward and we pride ourselves in running limited companies finances like a well oiled machine.
Running a Limited Company involves a huge amount of responsibility for the Directors. These include marketing, customers and client liaison, staff management, payroll and managing the finances. Using a Limited Company Accountant will free you up to focus on growing your business while we worry about the ever changing compliance of HMRC and Companies House.
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If you are incorporating a new Limited Company we would start by registering the business with Companies House. We would need to discuss name, registered address and share holding with you to gain all of the information that we need to get the incorporation sorted for you.

Once the new Limited Company is set up we will get you set up with Quickbooks software and teach you how to use it to manage your business bookkeeping. Alternately, if you would rather just send us an envelope with your receipts in every month we can manage the bookkeeping side of things for you.

At the end of the accounting period we will prepare your Statutory Accounts and Company Tax return and calculate the tax liability of the Limited Company.

As part of our Limited Company support package we will calculate the most tax efficient way for the directors to be paid by the company. This is usually a split between dividends and PAYE and it will depend on each individual directors financial circumstances. There isn't a one size fits all approach here so we would assess each director individually.

Please get it touch to discuss your Limited Company accounting and bookkeeping needs and look at our prices page to get an idea of how much we charge for these services.
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Partnership Accounting -
Whether you are staring a new partnership or already have an established one, we can assist you with all of your tax and accounting needs.
A business that manages as a partnership shares control, responsibilities and finances between multiple people. The partners are responsible for managing the business and are 'jointly and severally' liable for any debts incurred by the business. The profits are shared between the partners based on pre-agreed percentages.
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Advantages of a Partnership:
- Business partnerships are easy to establish.
- With more than one owner, it may be easier to borrow money and raise capital to invest in the business.
- The business can benefit from the knowledge and experience of all of the partners.
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Disadvantages of a Partnership:
- Business partners are liable for the actions of the other partners.
- Business partners are liable for the actions of the business.
- Disagreements can make the decision making process take longer.
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At Moss Accounting we can assist you with all aspects of your partnership accounting. We would deal with the initial registrations with HMRC, set you up with accounting software and show you how to keep accurate and timely records. We could even manage the bookkeeping side of things for you so you can focus on running the business.

If you have any questions please do not hesitate to get in touch.

Quickbooks Cloud Accounting -
At Moss Accounting we work with Quickbooks Online accounting software to ensure an efficient and streamlined bookkeeping and accounting service for our clients. Whether you want to manage your own bookkeeping, or would like us to do it for you, we recommend Quickbooks as the most time effective way to do this.
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Quickbooks can be used for all business types so whether you are a Sole Trader or a Limited Company we would recommend using Quickbooks as your bookkeeping platform.
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Quickbooks has an 'add your accountant' function which means we can have full access to your accounting at all times so can assist you in real time without you needing to sending spreadsheets back and forth. It has the ability to link directly to your business bank accounts so all banking transactions are pulled in automatically. This saves a lot of time inputting data into the accounts. Quickbooks can be used for bank reconciliation's, Payroll, VAT returns and raising customer invoices so we can manage all of your bookkeeping from one place.
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Large Business & Corporate Accounting -
At Moss Accounting we provide accounting and bookkeeping support to business of all sizes. We have many years of experience working with multi million turnover businesses as well as multi currency. We have managed payroll of up to 100 staff members and also managed the forecasting and budgeting process for multi million pound budgets. We are fluent in both International accounting stands (IAS) and UK Generally Accepted Accounting Practices (UKGAAP).
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At Moss Accounting we can manage all aspects of your bookkeeping & accounting including:
- Purchase Ledger
- Sales Ledger
- Bank Account Reconciliations
- Credit Card Reconciliations
- Employee Expense Claim Processing
- Monthly Payroll & Pension Compliance
- VAT Returns
- Forecasting & Budgeting
- Management Accounts
- Yearly Tax Returns and Statutory Accounts
- Financial & Business Consultancy
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When working with larger businesses we appreciate that a significant amount of time needs to be deducted to your business each week or month. We would have an initial meeting over the telephone or zoom to assess your requirements and give a monthly retainer price or our services.
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VAT (Value Added Tax) -
You must register for VAT if your VAT taxable turnover goes above £85,000 in a 12 month consecutive period. At Moss Accounting we can deal with your VAT registration and ongoing compliment including quarterly VAT returns and registration for any relevant VAT schemes that may benefit your business.
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Compulsory Registration -
You must register for VAT if:
You expect your VAT taxable turnover to be more than £85,000 in the next 30 days
Your VAT taxable turnover of more than £85,000 over the last 12 months
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If you’ll exceed the VAT threshold in the next 30-day period
You must register if you realise that your total VAT taxable turnover is going to be more than £85,000 in the next 30-day period.
You have to register by the end of that 30-day period. Your effective date of registration is the date you realised, not the date your turnover went over the threshold.
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If you exceeded the VAT threshold in the past 12 months
You must register if, by the end of any month, your total VAT taxable turnover for the last 12 months was over £85,000.
You have to register within 30 days of the end of the month when you went over the threshold. Your effective date of registration is the first day of the second month after you go over the threshold
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Voluntary Registration -
You can register voluntarily if your business turnover is below £85,000. You must pay HMRC any VAT you owe from the date they register you.
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HMRC offer certain VAT schemes that your business may benefit from:
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Flat Rate Scheme -
Usually the amount of VAT a business pays or claims back from HMRC is the difference between the VAT charged by the business to the customers and the VAT the business pays on their own purchases.
If you choose to operate using the Flat Rate Scheme the way your pay or reclaim VAT is different.
On the flat rate scheme you pay a fixed rate to HMRC based on a % of your sales. You then keep the difference between what you charge your customers and what you pay over to HMRC. You can not reclaim the VAT on your purchases, except certain capital assets over £2000.
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Please contact us to discuss whether the Flat Rate scheme might be right for you.
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Annual VAT Accounting Scheme -
The Annual Accounting Scheme allows you to pay VAT on account in either 9 monthly or 3 quarterly instalments. You then complete one VAT return which is used to work out any balance owed by you to HMRC, or repayment back to you from HMRC.
You are eligible for the scheme if your estimated taxable turnover is no more than 1.35million. You can stay on the scheme as long as it remains below 1.6m.
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Get in touch to discuss whether the Annual VAT scheme is right for your business.
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CIS Reverse Charge -
The construction industry VAT Domestic Reverse Charge applies to supplies of construction work from 1st March 2021. Under this scheme the customer accounts for the suppliers output VAT. This measure only applies to construction supplies made by a business to another business.
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For more information about the CIS reverse charge please get in touch

Construction Industry Scheme (CIS)
Whether you are a contractor, subcontractor, or both, we can deal with the HMRC compliance for you.
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At Moss Accounting we support all CIS businesses, both large and small.
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As a CIS contractor you are obligated to register yourself or your business with HMRC, verify your subcontractors and submit monthly CIS returns. At Moss Accounting we can deal with all of this for you and case the hassle out of the HMRC compliance for you.
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Our Contractor CIS Services Include:
- HMRC Contractors Registration
- Verification of your Subcontractors
- CIS Statement to your Subcontractors
- Monthly CIS returns to HMRC
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As a subcontractor you are also required to register yourself with HMRC. You will supply your contractor with your UTR number and National Insurance number and they will deduct CIS tax from their payments to you.
Upon paying you, the contractor will send you a statement of your earnings and deductions. You will need to keep hold of these for us to file your tax return at the end of the year.
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Our Subcontractor Services Include:
- Determining your status as a subcontractor and registering you with HMRC
- Supporting you in preparing you CIS invoices to send over to your contractor
- Managing your business records & bookkeeping
- Preparing your end of year self assessment tax return and calculating your tax liability or refund.

E-Commerce Accounting
At Moss Accounting we have experience working with Etsy, Amazon, Ebay, Squarespare and many other popular e-commerce sales platforms.
We have a wealth of knowledge of the fee structures of many e-commerce platforms along with many drop shipping and white label companies.
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We can support you with every aspect of your e-commerce bookkeeping and accounting. Many of the popular e-commerce platforms have integration with Quickbooks bookkeeping software. We can help you get this set up and show you how to manage your own bookkeeping. Alternately if you would rather we did it for you we would be more than happy to.

Property & Landlord Accounting -
As property tax experts we support landlords like yourself all over the UK. We have a wealth of knowledge and understanding of the HMRC requirements as well as the ever changing tax rules.
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The first thing you will need to do is decide how you plan to manage your property business. We can help you assess the most tax efficient way of structuring your business, whether its as a Sole Trader, Partnership or Limited Company. We would discuss with you the tax impactions of each and help you to make an informed decision.
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We would then set you up with either Quickbooks accounting software or a spreadsheet designed by ourselves, to assist you in managing your property bookkeeping. We are also happy to manage the bookkeeping side of things for you if you would rather.
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At the end of the year we would prepare and file your tax returns and calculate the tax liability for you.
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Bookkeeping Services -
We offer a full bookkeeping service at Moss Accounting. Whether you just need us to check your books at the end of each month or if you want to send us an envelope full of receipts at the end of the month, we can assist.
Bookkeeping can often be a time consuming task and we find that a lot of our clients simply don't have the time to keep on top it it. We can take the stress and pressure off you but dealing with all bookkeeping and reconciliations for you. Our bookkeeping services are charged at £38 per hour. Get in touch to discuss your requirements futher.
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Our bookkeeping services can include the following:
Purchase Invoice Processing
Sales Ledger Processing
Bank Reconciliations
Bank Transaction Matching
Debtor Chasing
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Whether you need our assistance on a weekly, monthly or adhok basis we can accommodate the needs of your business.

Payroll -
If you are paying employees in the UK you usually have to run a PAYE and file and RTI report each month. PAYE, or Pay as You Earn, is a system used by HMRC to collect income tax and national insurance contributions form employees as they earn it.
As an employer you are responsible for deducting tax and NI from your employees salary on behalf of HMRC and pay it over to them.
Once you have decided that you are going to begin hiring employees to assist you within your business we firstly need to register the business for PAYE with HMRC. We can deal with the registration for you. Once we file the registration with HMRC they will send you through an Accounts Office Reference and a PAYE Reference. Usually within around 7 days. We would then use these referenced to file your monthly PAYE and RTI with HMRC.
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Our Payroll services include:
Processing new starters & leavers,
Processing weekly/monthly payslips, calculating the income tax and national insurance contributions,
Processing tax code notices from HMRC for your employees,
HMRC Agent service - this enables us to speak to HRMC on your behalf should you need us to,
Submitting RTI reports to HMRC and letting you know how much tax and NI to pay over to them,
Payroll yearend submissions to HMRC.


Workplace Pension -
If you are implying staff who meet the following criteria you will need to enrol them into a workplace pension scheme and start contributing towards their pension pot:
Over the age of 22
Under the State Pension age
Earn over £10,000 per year
Are not enrolled in any other workplace pension schemes.
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At Moss Accounting we can manage the whole process for you, from initial set up of the scheme to ongoing compliance.

We work closely with start ups and established businesses to ensure they are working in the most profitable and cost efficient way possible. By performing regular financial performance analysis, we help businesses to make effective financial decisions to improve performance.
For businesses requiring additional finance, we can write a concise business plan for you to present to the lender. Having a business plan in place can also help guide you through the process of starting and scaling your new business.