A limited company needs to file annual accounts, corporation tax returns and confirmation statements as a basic requirement. Other services that new companies often get help with are bookkeeping, VAT filings and payroll services. Novabook can support with bookkeeping for just £22/month, and their accountants will also let you know when you need to register for VAT, file payroll, and keep track of any other deadlines that are coming up.

Novabook specialises in providing limited companies across all industries with any accountancy support they need, whether they are a pre-revenue freshly incorporated company or need support with annual ERS filings, R&D Tax Credits and more. Novabook accountants, trained at the likes of PwC, work from their London office to get back to you as quickly as they can with a simple and informative answer to all of your ad hoc accounting questions, as well as offering the lowest admin way for a founder to track all of their accounting and finance needs using Novabook’s portal.

FAQs

Do I need to keep accounting records if my company isn't trading?

• Yes. Even a dormant company must file annual accounts and a confirmation statement, although dormant accounts are simpler. Novabook can help with all sets of accounts if you need them. 

What is bookkeeping?

• Bookkeeping is categorising your company’s expenditure, giving you an accurate picture of what you are spending money on. At the same time as splitting your transactions by category, a book-keeper also notes down the VAT rate on the transaction, which is then used to calculate your VAT returns, annual accounts and other filings. Novabook provides book-keeping services for £22/month, giving you direct access to one of their Big 4 trained accountants who can help explain the figures and the Novabook portal where you can track all of your accounting and finance needs.