Are you considering becoming a Limited Company?
Do you need to start paying VAT?
Company status, VAT, and taxes can seem overwhelming… and the truth is you don’t know what you don’t know.
Prosper Accountancy is family run, so we are business owners too…
We understand the struggles in business, and we provide you with tailored expert advice because we get to know you, your business, and your goals.
Advice that’s right for YOU
We don’t wait for you to contact us and just file your accounts when they’re due.We get to know you and your business so that we can provide you with the right advice, at the right time, as your business changes.
Business never stands still…
You can be a sole trader one minute and suddenly realise you need to go Limited.
You may have peaks and troughs in income and not know how to financially plan for or manage these.
Whatever your challenges, we’re there by your side every step of the way.
The headache that is VAT
You might wonder why you’re paying lots of VAT on supplies and not realise you could be claiming it back.
VAT feels like a headache to most small business owners… we take away that headache (no paracetamol involved!)
Time to do your accounts... yeah right!
You’re busy running your business.There are 1001 things to do and keeping your accounts up to date isn’t a priority.
We understand that and will provide you with quick and easy to use software to drastically cut down your workload.
Going Limited
You can choose to be a Limited company, or not.When is it the right time to go Limited?
The answer depends on you, your business type, and your aspirations.
There are many benefits to being Limited, including tax breaks, personal protection if something goes wrong, being able to tender for large jobs… but there may be downsides too.
We work with you and present you with all the information you need so that you can make an informed decision.
No jargon
Being down to earth Northerners, we say it straight. No fancy jargon that you have to a finance degree to understand… just simple, straightforward advice.
Pros and cons
There are many pros and cons to becoming a Limited company early.We help you work these out and weigh them up so that you make the right decision.
To VAT or not to VAT…
For a small business with a turnover less than £90,000 VAT registration is a choice.
At £90,000 it becomes a requirement.
So, should you become VAT registered early?
For some businesses who pay out lots in VAT when purchasing supplies, it can make sense to be VAT registered from day one.
For other’s it’s not that straightforward.
We will help you weigh up whether being VAT registered early is in your best interests or not. And if you do hit the threshold, we make the process of registration, and ensuring you make returns and payments on time, simple.
Remove the overwhelm
Making regular VAT returns and payments can feel overwhelming when you’re running your business.
We make it simple with software and regular update from us.
In your corner
We are in your corner and on hand when you need us.We help you budget your income so your VAT and tax bills can always be covered. We schedule regular meetings with you, so you always understand, and are in control of, your finances.
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Customer testimonials
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Your Tax, Our Priority
VAT and tax are complicated.
What can you claim for? What can’t you?
There are so many rules and regulations, you cannot be expected to keep up to date… after all you have a business to run.
That’s where we come in. We are always up to date. We keep you compliant and we will explain your tax bill.
We don’t have a magic wand, but we can guarantee to help you operate in the most tax efficient way.
Client Satisfaction Rate
Document Filings
Transparent Pricing
Fixed Fee Accountancy
No one likes surprise bills and unexpected fees.
That’s why we are completely transparent about our charges.
If you are interested in working with us, we take time to get to know you and your business through our onboarding process.
We can then recommend what services you need and let you know what our fees would be.
Unless there is a significant change to your requirements, our fees remain fixed.
A Safe Space For You
Finances are so personal aren’t they.
Whether it’s your personal income or your business finances, it’s not always easy to be open and honest and get advice.
We create that safe space for you.If you have worries, or make a bad decision, you can tell us… we don’t judge.
We want to help to protect you and move you forward in whatever way meets your business goals and aspirations.
If you’re happy being a sole trader and simply want to maximise your own income, that’s great by us.
If you want to grow and scale your business, we’re by your side.
We promise you; we’ve heard it all…We don’t shock easily.
We are here for you in the good times and bad (although we hope all your times will be good obvs!)
Employee Complications!
If you have an employed team in your business, then payroll and PAYE can feel like an additional headache.
We can ensure that your payroll is efficient and easy to manage and that you make your PAYE payments on time.
There’s nothing so unpredictable as people, so the least we can do is make sure the financial side of their employment runs smoothly for you.
Tumbleweed!
You will never hear a Prosper Accountancy client say they’ve not heard from us in ages.
We don’t let the grass grow under our feet, or leave you feeling like you’re in an old Western movie with tumbleweed rolling down the street.
We review our clients’ businesses regularly to make sure that everything remains efficient and that any changes can be adapted to quickly.
We answer the phone. We answer emails. We meet up.
We are with you every step of the way!
You don’t get a receptionist or someone who can’t help.
You work directly with us (which we think you’ll love!)
Worried About Taxes?
We Can Help!
Transitioning to a Ltd company or registering for VAT can be daunting. Our expert team is here to guide you through every step, ensuring you meet your tax obligations with confidence.
Get In-Touch With Us Today
Don’t delay, your accountant should be on and at your side throughout your business journey… and we are that accountant.
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Who we are
We are Michael and Rachel.
Michael is the financial wizard … Rachel makes sure everything is organised and done on time.
We make quite a team if we do say so ourselves.More importantly we’re down to earth and easy to talk to.
This is our business… we are business owners just like you.We like to have fun amongst the seriousness, and you can find us at a rugby ground most weekends.
Our aim is to help our clients build, grow, and prosper.
Still Unsure?
Honestly, we get it…
Selecting an accountant is a huge decision.
We end up knowing just about everything linked to your business.
All we can say is, if you want down to earth advice from a fellow business owner who happens to be an accountant… then it would be worth us having a chat.
If we’re not for you, that’s absolutely ok.
There’s no ‘sell’ from us.
Just simple, non-judgemental, expert advice from a team who are on your side 100%.
We’ll even buy the coffee!
Tools We Work With
FAQs
Find answers to frequently asked questions about our guides and how to use them.
To access the guides, simply log in to your account and navigate to the 'Guides' section. From there, you'll be able to view and download all available guides.
No, the guides are for personal use only and should not be shared with others. Each guide is licensed to the individual account holder and cannot be distributed or reproduced without permission.
Our guides are regularly updated to ensure they reflect the latest industry standards and best practices. You can expect new content and revisions to be added on a quarterly basis.
Yes, all of our guides are available to download for free. We believe in providing valuable resources to support small Ltd companies in their business endeavors.
Absolutely! We value your feedback and suggestions. If there's a specific guide you'd like to see added to our collection, please reach out to our support team and let us know.
Still have questions?
Contact us for further assistance.
Get in Touch
Don’t delay, your accountant should be on and at your side throughout your business journey… and we are that accountant.