Small Business Accountants Bury

Bury Accountants

We Are Available Through The UK


More Than Accountants is an industry leader when it comes to cutting edge accountancy services and business growth, we utilise the latest technology to help us achieve both our goals and the goals of our customers. Pulling away from the usual face to face high street accountant we offer the best software available and advice available via your own dedicated accountant over the phone. This allows us to offer our services throughout the UK..

We provide company accounts, tax returns, VAT returns, bookkeeping services, self-assessments, payroll services and more to sole traders (looking for the best accountants for sole traders?), limited company accountants, partnerships, llps, contractors and individuals across the UK. We are best known for our all-inclusive unlimited service plan, which includes all accounting services required by a UK business and more for a fixed monthly fee.

We can handle

all your payroll needs with ease.

Automatic bank feeds

into our software saves you having to send your statements quarterly and leads to tax savings.

We can help

with your current ongoing HMRC 

Bury Accountants Services for Small to Medium Size Businesses

More Than Accountants specialises in an accounting package that aims to boost your company’s profitability while lowering your tax bill.

This package includes all of your accounting needs and more. Bookkeeping on a monthly or quarterly basis, company accounts, VAT returns (if applicable), management reports, regular tax reviews and advice, and self-assessments. All completed using Xero accountancy software.

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No question is too big or small; no concern is too insignificant.

True unlimited accounting package that covers all of your accounting needs with no hidden costs. We guarantee a maximum three-hour response time to your enquiries.

Unlimited telephone & email support

Never any hidden costs

Guaranteed 3 hour response times

What "extras" are included in the fixed monthly fee?

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We can have you up and running with More Than Accountants within the week. Why wait! Our expert Online accountant for small businesses and online bookkeeping service team are ready to provide your business with the support it needs to succeed.

Monthly or Quarterly Management Reports

Xero & Dext Included

Regular Tax Advice

Switching Accountant - Easy Transition

Want To Join Us? We take care of everything!

We quickly take over all of your accounting needs once you give us the green light. If necessary, we will contact your prior accountant on your behalf, with the goal of bringing your accounting and tax situation up to date as quickly as possible.

We contact your current accountant on your behalf.

We make contact with HMRC to get approved as your accountant.

You keep doing what you love, which is running your business..

Trusted by 1000+ small to medium sized businesses across the UK

Learn what it’s like to utilise More Than Accountants’ all-inclusive unlimited accountancy service from a few of our customers.

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Frequently Asked Questions

Although hiring an accountant is not legally required when operating as a sole trader there are various benefits to doing so.

Do I legally need an accountant?
Despite common assumption, small businesses are not required by law to engage an accountant, and organisations that meet the following criteria are exempt from auditing:

1. The business must be “small,” as defined by two of the following criteria: turnover of less than £6.5 million, average employee count of less than 50, and balance sheet turnover of less than £3.26 million.

2. If a firm member seeks an audit (assuming they hold 10 percent of the share capital or 10 percent of all members for a company limited by guarantee).

The majority of businesses meet this criterion.

Why would you engage an accountant?

Despite the fact that hiring accountants is not needed, the vast majority of sole traders do so for a variety of reasons.

Simply put, an accountant does more than put your books together at the end of the year and file your VAT filings. They also do a range of other things, like:

  • Getting the company registered with the necessary tax departments, such as VAT  and PAYE.
  • Establishing and maintaining the company payroll, as well as complying with the new RTI standards.
  • Bookkeeping.
  • Organising business correspondence (HMRC).
  • Providing tax planning guidance.
  • Professional references are available upon request.
  • In addition, experienced accountants are more aware with the nuances of dealing with tax authorities, the right format for submitting information to HMRC, and are usually better prepared to deal with tax enquiries if they arise.

Additional Points to Consider
If you decide to go it alone, you must ensure that your accounts are kept in accordance with Generally Accepted Accounting Practices, that information is submitted on time and accurately (and in the correct format), and that the company’s statutory and financial obligations are met.

Compare the time you’ll spend preparing your accounts, bookkeeping, and dealing with HMRC to the expense of hiring an accountant for a small business or freelancer.

If saving money is your top priority, an accountant may be able to help you save both time and money by allowing you to focus on running your business rather than worrying about numbers.

As a sole trader, you must calculate the amount of tax you owe each year. This will be considerably easier if you have a clear picture of your income and expenses. Because you won’t have your tax withdrawn on a regular basis through a PAYE system, maintaining track of your accounts prevents you from accidentally depleting the funds you’ll need to pay HMRC on January 31.

When you’re a sole trader, it’s often beneficial to keep track of how much you spend and generate. With everything laid out, you can spot possibilities to boost your profit margin, such as switching suppliers or raising the price of particular products or services.

By law, you must keep track of your income and expenses and keep them for five years after the 31st of January tax filing deadline. If HMRC requests these, it’s critical that you have them ready. Here is a list of all the documents you should keep:

  • As a sole trader, your business revenue includes all you earn from your services and sales.
  • Personal income – Any income you receive from other sources, such as property and investments, that may have an impact on the amount of tax you owe.
  • Expenditure – Payments for items required to run your firm efficiently.
  • VAT records – If your annual turnover exceeds the VAT threshold, you must register for VAT and keep records for a minimum of six years.
  • PAYE (Pay As You Earn) records – You can hire workers as a sole trader without creating a limited company, but you’ll need to keep track of your salaries via HMRC’s PAYE system.
  • Grants – Any funds you receive as a result of a grant.
The following are the taxes that sole traders must pay:
  • You pay income tax on your net earnings after making Class 2 and Class 4 NI contributions (these are set to be reformed to remove Class 2s)
  • VAT (Value Added Tax) (if your turnover is more than the threshold for the tax year)