Our Services

Our Services

Whether you are a sole trader, company, startup or small businesswe know work for you is not just 9 to 5. You need unlimited support from our ACCA qualified experts who are easily approachable, fully trained and passionate about helping you grow from just £4 per week.

Why Use Touchstone For Your Accounting Services?

  1. Fixed Pricing
  2. Unlimited Expert Advice
  3. All Filing Included
  4. Regular Deadline Reminders
  5. Tax Efficiency Reviews
  6. FREE Bookkeeping Software

Company Formation

You may be an existing business (trading as a Sole Trader) looking to incorporate or want to start a new business through a Limited Company, we can ensure that your Company Formation is done right from the start.

It is very important to choose the right company structure, shareholding, share classes, and ensuring that the Articles of Association and Memorandum of Articles meet your business requirements at the setup stage.

We offer a free consultation to all our clients on how to best structure and if setting up the Limited Company is the best option.

We can complete the set up for you for just £50 or FREE if you sign up with us!

Once your company is formed, we will not leave you in the middle. Whether it’s VAT, Payroll registration or tax saving advice, we will support all your business accounting & tax requirements.

  • Limited Company Formation
  • The Benefits of Limited Company Formation
  • Our Limited Company Formation Service
  • Company Structure Advice

1. Limited Company Formation

Back in the days, Limited Company Formation used to be a much more complicated and time consuming activity. Countless documents needed to be filled out and sent to various departments and then the long, uncertain wait for approval from the Companies House. Today however, Company Formation can easily be done online in a matter of few hours.

Most company accountants are capable of completing these formalities and communicating with Companies House so that the entrepreneur gets to focus all their attention on the building and expansion of their business.

2. The Benefits of Limited Company Formation

While a limited company status offers several benefits. Three of the biggest benefits are:

  • Separate Legal Identity

By law, a Limited Company is an independent entity with its own accounts and tax liabilities. Its separate legal identity has nothing to do with its directors or shareholders. This helps the directors to have control over the business without being held responsible for its financial responsibilities.

  • Tax Benefits

The law also grants a number of tax allowances to limited companies, greatly reducing their overall tax liability. Since our team of expert accountants have been working with limited company accounts for decades, they can guide you about these tax allowances. Ensuring that your organization pays the least amount of tax possible.

  • Credibility

The biggest benefit of forming a Limited Company is that people tend to believe it’s more credible. This is due to the fact that limited companies tend to be more professional and focus more on bonding with their clients.

 

3. Our Limited Company Formation Service

A lot of businesses tend to register their business as a limited company without professional assistance. But using a seasoned accountant for this could save you not just time but prevent costly mistakes in the registration process which you might have to live with for a long time.

Our highly skilled team of professional accountants can help you complete this process with ease and make intelligent decisions in this regard which will pay off well in the long run.

4. Company Structure Advice

Despite of all these benefits, becoming a limited company isn’t always the best option for an organisation. Reach out to Touchstone for advice in this matter- our seasoned team of accountants will inform you of the pros & cons of various company structures to help you make an informed and intelligent decision regarding the future of your company.

Company Accounts & Corporation Tax

Are your Company Taxes taking over the whole of your year?
Don’t you wish someone could take all the hassle out of year-end taxes?

Outsource your company accounts to reliable accountancy like Touchstone and add more days to your year! we are experts in helping contractors, freelancers, and independent consultants operating through limited companies.
We will file all the annual accounts that limited companies are required to file in Companies House and HMRC, including CT600 Corporation Tax Return.

Your accounts will be submitted in the correct format e.g. full accounts or abbreviated accounts. We will be fully compliant with your disclosure requirements as well.

You won’t have to worry about incurring any penalties because Touchstone promises to never miss a deadline or we will refund you fees.

What Are Company Accounts?

“Also referred to as ‘Statutory Accounts’ ‘Annual Accounts’ or ‘Year-end Accounts’, All Limited Companies in the UK must file Company Accounts to the Companies House within 9 months after the company’s year-end. The purpose of doing this is to produce a simplified breakdown, an overview of the financial state that the Limited Company is in that year and how it is performing.

Company Accounts comprise of a set of financial reports showing the financial performance of the company (through a Profit & Loss statement) during the year and the financial position (through Balance Sheet) at the end of the year. Besides, they also point out valuable information through disclosures that could be of interest to business stakeholders.

Company Accounts prepared for Limited Companies in the UK must fully comply with IFRS (International Financial Reporting Standards) or the UK GAAP (Generally Accepted Accounting Practice).”

Filing Deadlines & Penalties

Private Limited Companies (LTD) have different deadline regulations compared to Public Limited Companies. Both depend on your Company’s accounting reference date (also known as the year-end date).
When your company is incorporated (formed), this is automatically set as the first anniversary of the last day of the month in which you incorporated the company. So for example if a company is formed on the 18th June 2021, then your automatic accounting reference date would become 30th June 2022 – the first anniversary will be the last day of the month in which you formed the company. For all Private Limited Companies, the deadlines are:

Deadlines For Private Limited Companies

Company Accounts

1st Account due to Companies House

Annual Accounts due to Companies House

Corporation Tax

File Company Tax Return(CT600)

Pay Corporation Tax

Deadline

21 Months from date of Company Formation

9 Months from date of Company Formation

Deadline

21 Months from Accounting Period

9 Months 1 day from accounting period for Corporation Tax 

What Are Company Accounts?

“Also referred to as ‘Statutory Accounts’ ‘Annual Accounts’ or ‘Year-end Accounts’, All Limited Companies in the UK must file Company Accounts to the Companies House within 9 months after the company’s year-end. The purpose of doing this is to produce a simplified breakdown, an overview of the financial state that the Limited Company is in that year and how it is performing.

Company Accounts comprise of a set of financial reports showing the financial performance of the company (through a Profit & Loss statement) during the year and the financial position (through Balance Sheet) at the end of the year. Besides, they also point out valuable information through disclosures that could be of interest to business stakeholders.

Company Accounts prepared for Limited Companies in the UK must fully comply with IFRS (International Financial Reporting Standards) or the UK GAAP (Generally Accepted Accounting Practice).”

Penalties

Statuatory Accounts

Time After The DeadlinePenalty

Upto 1 month

£150

1 to 3 months

£375

3 to 6 months

£750

More Than 6 Months

£1500

Corporation Tax Returns

Time After The DeadlinePenalty

1 Day

£100

3 Months

Another £100

6 Months

HM Revenue and Custom [HMRC] estimate Corporation Tax bill and add 10% penalty to unpaid tax.

12 Months

Another 10% on Unpaid Tax

  1. At Touchstone We Can!
  2. Why Use Touchstone?
  3. How We Make a Difference?
  4. Making Tax Digital
  5. Frequently Asked Questions
  6. What Needs to be Filed
  7. Are You Interested?

At Touchstone We Can!

Our team of expert accountants simplify and guide you through the entire process of sorting out your year end accounts. We can help you maintain your sanity through this crucial procedure by using our award winning online accounting software in a monthly service or you can make use of our one-off annual deals. Year End Taxes refer to the last fiscal day of your company’s financial year. For sole traders, the recommended date for ending their financial year is April 5th. This helps prevent confusion with HMRC!. In case your business is being run through a limited company, Companies House will consider your “Year End” to be the end of the month in which you created the company. However, whatever your business model might be, Touchstone will file all your accounts on time, every time. To make this possible, here are a few things we’ll need from you:
  • Complete details of your annual sales & sales invoices.
  • Complete details of your annual purchases & expenses.
  • Complete business bank statements for the year.
Once we have all of these documents at our disposal, we’ll start the tedious process of sorting out your accounts and preparing to file your Year End Taxes. All this and so much more for as little as £17.99.

Why Use Touchstone?

With so many other accounting consultancies out there why would you want to go with Touchstone? Because only with Touchstone will you see the human side of this highly technical field. At Touchstone you will be assigned your very own personal accountant. He will not only sort out your yearly financial records and generate your actual tax returns but he will be accessible to you exclusively to answer all your queries, help you navigate our accountancy software and offer priceless advice on all financial matters. Touchstone being an online accountancy service, digital accounting is what we thrive at. This means you don’t need to spend hours stuck in traffic navigating to our office for lengthy meetings. All you have to do to meet us is schedule an online meeting from the comfort of your own home or office and that’s it. And last but most important reason for choosing Touchstone is that, running our business online helps us keep our own costs down which ultimately trickles down to our customers too when we offer them the most competitive pricing for online bookkeeping.

How We Make a Difference?

Touchstone is committed to making the process and procedures of Year End Taxes as simple as possible:

  1. Our accounting experts will look into your bookkeeping to make sure your books offer clarity and order.
  2. Recalculating and rechecking all numbers and calculations to ensure accuracy.
  3. Rearrange all figures and statements into a complete set of accounts.
  4. Get the Tax Returns ready.
  5. Resend them to the clients for checking and approval.
  6. Submit returns to HMRC and Companies House on the clients’ behalf

We also protect you from incurring any penalties or over paying your taxes.

Making Tax Digital

Making Tax Digital (MTD) is the new government regulation for all businesses. What it stands for is the government’s effort towards digitalizing submission of tax returns to HMRC. There is much confusion concerning when it will become applicable for different types of businesses since the original timeline was changed due to Brexit. But fact of the matter is, whatever the size or type of your business, if your accounts are not already MTD compliant, you are at risk of getting heavily penalized from HMRC.

Partnering with us could save you from this hassle. With us you will get access to a fully MTD compliant accounting software.

Checkout our Making Tax Digital page for more details…

What needs to be filed with HMRC?

  • Company tax return (CT600)
  • Statutory accounts (your annual accounts)
  • Personal tax return (SA100)

Filing all these can be a huge hassle especially if you are a small business or start-up and don’t have too many resources to work on this. In order to successfully meet the HMRC requirements, you will need to:

  • Prepare full annual accounts to show profit or loss for the year.
  • A balance sheet showing the net value of business at the end of the year.
  • A computation of taxable profit
You will need to file your Statutory accounts in full, abbreviated or micro version.
Make sure your statutory accounts include :

  • Balance sheet: showing everything the company owns, owes and is owed on the last day of your company’s financial year. (CT600)
  • Profit and Loss account: Showing your company’s sales, running costs and the profit or loss.
  • Details about the accounts.
  • Director’s report.

When making statutory accounts, make sure they are prepared following one of the following accounting standards:

  • International Financial Reporting Standards
  • New UK Generally Accepted Accounting Practice
Is there a deadline?
The HMRC deadline requires you to file you Company Tax Returns within 12 months after the end of your accounting period. Companies House requires you to file within 9 months of your year end.
Penalties in case you miss the deadline?
If you fail to file your accounts with HMRC or Companies House, you will be penalized with a late-submission penalty starting with £100 which will keep increasing the longer your accounts remain unfiled.
This is something that will NEVER happen once you have partnered with Touchstone.
We are fully committed to making your End Of Year Accounts as hassle & stress free as possible. So you, our clients can concentrate fully on expanding your business and living life to the fullest.
  • Should You Outsource Payroll?
  • Why Touchstone?
  • Benefits of Using Touchstone?
  • How Touchstone Reduces Stress?
  • Making Tax Digital
  • FAQ’s You Might Have
  • How Often is Payroll Paid?
  • When Does HMRC Need to be Paid?
  • Are You Interested?

Should You Outsource Payroll?

Payroll: payments made to employees in the form of salaries, wages, bonuses, commission and statutory payments. Sounds simple enough, right? But preparing payrolls is anything but simple. It takes hours calculating payroll, even with expensive payroll software, and then printing and distributing payslips among multiple employees. As a business owner you may not have the time or aptitude to take on this detail oriented task. This is where Touchstone and our team of expert accountants come in. Partner with us and get unlimited access to our award winning online accountancy software and avoid costly and stressful payroll mistakes. All this and more for as little as £17.99.

Why Touchstone?

Because we understand how essential and time sensitive this process is to pay all employees on time. To get expert assistance and advice in this regard, just send us your details online and leave the rest to us. Touchstone will assign you a dedicated accountant, he will review all of your information, be at hand to answer queries, advice you on important matters and simplify the process of payroll. We will calculate payroll, distribute pay-slips, and ensures no costly mistake is made in this process. All this can easily be accomplished with the help of our HMRC compliant software for as little as £17.99.

Benefits of Using Touchstone?

Not only are we already compliant with Making Tax Digital, (MTD) being an online accountancy service, our entire operations are run digitally. Running our business online helps us keep our own costs down which ultimately trickles down to our customers too when we offer them the most competitive pricing for online bookkeeping. Get excellent personalized advice and VAT return services for as little as £17.99.

How Touchstone Reduces Stress?

Partnering with Touchstone will not only take a load off your shoulders, but our online payroll services will also ensure your employees always get paid on time without a hitch:
  1. Send us all the necessary documents.
  2. We will calculate your payroll.
  3. We will email all the payslips.
  4. Advise you on pay grade.
  5. Advise you on paying to HMRC.
  6. Handle all the RTI submissions.
Whatever the size of your business, Touchstone will ensure smooth sailing of your accounts, so you can concentrate on your business.

Making Tax Digital

Making Tax Digital or MTD may be a new government scheme, but Touchstone is already on its way to ensuring all its clients are prepared for this change. As per HMRC requirements, our award winning accountancy software are completely VAT compliant. Checkout our Making Tax Digital page for more details

FAQ’s You Might Have

What information do I need to send about each employee?
For Payroll solutions, simply send us the below mentioned information about each employee:
  • Full name
  • Address
  • NI number
  • Date of birth
  • Start date
  • Payroll frequency
  • Tax code
  • Job title
  • Annual salary or hourly rate

How Often is Payroll Paid?

This decision is based entirely on your business model and whether you pay your employees weekly, fortnightly or monthly. Remember, that Income tax and national insurance need to be paid monthly or quarterly (It must be less than £1,500 if you choose to pay quarterly).

When Does HMRC Need to be Paid?

In case you decide to pay income tax and national insurance on a monthly basis, the payment becomes due on the 22nd of the following month if paid by electric method. But for a quarterly payroll, it is done on a per tax year basis, divided into four set quarters in each tax year:

  • 1st quarter: April, May, and June – pay by 22nd July.
  • 2nd quarter: July, August, and September – pay by 22nd October.
  • 3rd quarter: October, November, and December – pay by 22nd January.
  • 4th quarter: January, February, and March – pay by the 22nd April.

Are You Interested?

We are fully committed to making Payroll and other services as hassle & stress free as possible. So you our clients can concentrate fully on expanding your business and living life to the fullest.

Payroll

Preparing payroll in-house is undoubtedly one of the most labor intensive and time-consuming jobs of owning a business, and if you are not careful enough-costly too.

This is where Touchstone can lend you its expertise for as little as £17.99 per month, and let you have the time and space to grow your business.

VAT Returns

Are you ready to spend days on end sorting your accounts and books out on your own? Or would you rather let an expert team of professionals help you out and save you tons of time and effort?
Value Added Tax (VAT)
Preparing and submitting your VAT is now an essential but incredibly tedious, part of business accounting. If you are a VAT-registered company, you need to submit your VAT returns to HMRC on a monthly, quarterly or annual basis.
  • How VAT Works
  • What Could Happen if You Get it Wrong?
  • Why Touchstone?
  • How We Make VAT Returns Stress Free?
  • Making Tax Digital
  • FAQ’s You Might Have?

How VAT Works

VAT charged on sales – reclaimable VAT on business expenses = VAT returns
A completed VAT return shows how much is owed to HMRC, or whether you are due a VAT refund. To make it even more confusing, there are a few services and goods which are exempt from VAT- but do you know which those are? This is where Touchstone will make all the difference. We will sort out your VAT returns with our award winning VAT compliant accounting software. Saving you year’s worth of precious time you can spend on growing your business.

What Could Happen if You Get it Wrong?

You may be a seasoned businessman but finding your way around the new tax rules and regulation can still be a struggle. This is why at Touchstone we ensure you have calculated and submitted your VAT returns correctly and on time. Sevral scenarios could unfold If you miscalculated your VAT returns or missed a deadline. HMRC will list you as a defaulter on its VAT liabilities. This situation will make you liable to a number of surcharges or penalties:
Surcharges
  • You will have to pay a surcharge if you miss the HMRC deadline to submit your VAT returns.
Penalties
Here is a list of penalties you may have to suffer in case you make a mistake on your returns or miss the deadline:
  • 100% of any tax that is inaccurately recorded.
  • 30% of a VAT return assessment.
  • £400 for submitting a paper VAT Return instead of the mandatory digital version.
Even if you are not scared of the surcharges or penalties’, having your company name on the defaulters list will definitely put you at a disadvantage. Working with Touchstone will ensure that you never end up in this situation ever. And if unfortunately you are already in this situation, there are countless technicalities for avoiding penalties and surcharges. Touchstone will help you either way and ensure your smooth sailing through tax season.

Why Touchstone?

Because working with us is super easy- just send us your financial documents online and we’ll take care of the rest. Working with us you will experience the human side of a highly technical field. At Touchstone you will be assigned your very own personal accountant. He will not only sort out your yearly financial records and generate your actual tax returns but he will be accessible to you exclusively to answer all your queries, help you navigate our accountancy software and offer priceless advice on all financial matters. Lastly, not only are we already compliant with Making Tax Digital, being an online accountancy service, our entire operations are run digitally. Running our business online helps us keep our own costs down which ultimately trickles down to our customers too when we offer them the most competitive pricing for online bookkeeping. Get excellent personalized advice and VAT return services for as little as £17.99.

How We Make VAT Returns Stress Free?

When you partner with Touchstone, we pledge to take the hassle out of accountancy and give you the time and space you so need to grow and prosper your business. Where VAT is concerned, trust us to wrap it up efficiently and correctly.

Making Tax Digital

Making Tax Digital or MTD may be a new government scheme, but Touchstone is already on its way to ensuring all its clients are prepared for this change. As per HMRC requirements, our award winning accountancy software are completely VAT compliant. Checkout our Making Tax Digital page for more details…
In case of a VAT inspection?
The biggest benefit of hiring a professional accountancy is that you are always prepared for any unforeseen challenge. Touchstone will ensure your VAT returns are correct.
What’s the deadline?
HMRC’s deadline for submitting VAT returns online is one month and 7 days after the end of your VAT period.

See Detailed Guidance On VAT for Ecommerce Here

  • Bookkeeping With Touchstone
  • Why Touchstone?
  • How We Take The Stress Away
  • Making Tax Digital
  • FAQs You Might Have

Bookkeeping With Touchstone

Starting from a small monthly fee of £17.99 we can take care of all your bookkeeping needs. Just approve our quote, send us the documents, and we’ll take care of the rest! We’ll maintain your bookkeeping while you concentrate on running and growing your business, since nothing saves time, effort and even money as well as outsourcing your bookkeeping. Get access to our award-winning bookkeeping monthly service, or just make use of our one-off annual packages.

Why Touchstone?

Touchstone is the best bookkeeping resource to help you save years of being lost in your business accounts. Working with Touchstone means loading your worries onto our able shoulders- just send us your documents and let us get into the hassle of working your books. YES! it really is as simple as that. With us you’ll get to enjoy your very own, fully qualified bookkeeping expert who will personally sort out your data and ensure all entries are Making Tax Digital and HMRC compliant. Too good to be true, right? That’s how hassle free and enjoyable your partnership with us is going to be. Being an online accountancy service, digital accounting is what we thrive at. This means you don’t need to spend hours stuck in traffic navigating to our office for lengthy meetings. All you have to do to meet us is schedule an online meeting from the comfort of your own home or office and that’s it. Running our services online helps us keep our own costs down which ultimately trickles down to our customers too when we offer them the most competitive pricing for online bookkeeping. For as little as £19.99 per month, customers get to enjoy expert bookkeeping without ever stepping foot into our offices.

How We Take The Stress Away

  • Simply send all relevant documents to us online
  • We’ll review all your source documents
  • We’ll record all your bookkeeping transactions
  • Followed by producing your monthly management accounts and year end accounts
Can it get any easier than THAT?
How We Take The Stress Away
Help us take care of all your financial affairs by sending us the following:
  • Sales invoices and records of income
  • Purchase invoices and receipts for expenses
  • Bank statements and loan statements
  • Details of payments made to employees
  • Details of Debtors and Creditors
  • Any other financial details relevant to bookkeeping

Making Tax Digital

Making Tax Digital (MTD) is the new government regulation for all businesses. What it stands for is the government’s effort towards digitalising submission of tax returns to HMRC. There is much confusion concerning when it will become applicable for different types of businesses since the original timeline was changed due to Brexit. But fact of the matter is that, whatever the size or type of your business, if your accounts are not already MTD compliant, you are at risk of getting heavily penalized from HMRC. Partnering with us could save you from this hassle. With us you will get access to a fully MTD compliant accounting software. Checkout our Making Tax Digital page for more details. Checkout our Making Tax Digital page for more details…

Will I be kept updated of my financial situation if I outsource my bookkeeping?

Of course you will be, no financial decision or payment will ever be taken without your approval. As your outsourced partners we are here to assist and make doing business easy for you.

Who will be taking care of my bookkeeping?

Our team is a group of expert accountants and one of them will be assigned exclusively to your account for all your accounting, bookkeeping, payroll, financial statements, and bank reconciliations. That is the only person privy to your financial details and they are the only person you will deal with on a regular basis.

Bookkeeping

Accountancy Services for Small Businesses
Experts believe that small business owners who are personally involved in their business finances spend about 10 hours per month buried in their bookkeeping. Ten hours which could have been spent focusing on the growth of their business or spending quality time with family and friends!

Tax Advisory

How much money needs to be set aside for taxes? Which taxes are you liable to pay? What needs to be done to achieve tax efficiency? Such issues can take your focus away from running a business and reaching your entrepreneurial goals.

We provide a personal tax advisory to all our clients. You will get a qualified dedicated tax accountant who will understand your personal circumstances, your business and your future before advising on the best tax planning strategies. Our tax experts will also ensure that you don’t pay more tax than you have to by utilising all the available tax allowances and benefit structures.

  • What Will You Gain With Touchstone?
  • Corporation Tax
  • Value Added Tax (VAT)
  • Capital Gains Tax
  • Self-Assessment Tax

Simplifying Taxation

Hiring Touchstone Accountancy can free you of all hassles. Our highly trained and professional team of Chartered Accountants, will advise you on company tax, personal tax and R&D tax credits while simultaneously keeping you HMRC compliant and within tax deadlines. Once you switch with us, we will register your business for all applicable taxes as part of our company formation service and take it from there to make your business responsibilities less taxing!

Corporation Tax

Limited Companies are liable to pay Corporation Tax on their profits. Touchstone Accountancy will not only register your company for corporation tax, but we will also file it on your behalf in a timely manner. You can also depend on us to safe guard your interest by advising you on how best to minimize your corporation tax liability through tax-deductible expenses, purchases and R&D tax credits.

Value Added Tax (VAT)

Any business with a turnover of over £85,000 is liable to pay VAT, which is why it is mandatory to be VAT registered. Touchstone Accountancy will not only register your company for the most suitable VAT bracket, but we will also ensure you are VAT and Making Tax Digital (MTD) compliant. If your accountant is still lost in spreadsheets then you need to switch to Touchstone Accountancy right NOW!

Capital Gains Tax

Do you know that you may be liable for Capital Gains Tax if you have recently sold a property or transferred assets? Touchstone Accountancy will help you understand if, how and why you qualify for capital gains tax and ensure that all legalities will be dealt with in deadlines, thus preventing penalties.

Self-Assessment Tax

Freelancers, directors of limited companies or anyone earning untaxed income is liable to file a self-assessment and pay the tax that is due on their income. Touchstone Accountancy will help you understand this concept, assess if you are liable and file on your behalf. UK tax year is from 6th April to 5th April the following year. Self-assessments are filed nine months after the tax year has ended. Our team of accountants will ensure you are ready for this in advance and have enough funds set aside to meet your tax obligations.

Cloud Accounting

Cloud Accounting Enables Timely & Informed Business Decisions.

The Digital Age is already upon us- embrace technology and switch to cloud accounting to scale up the success of your business and conform to mandatory Government regulation for all businesses. Cloud Accounting is the new and improved way of working smarter and faster.

Making Tax Digital (MTD) is an essential part of the Government’s plan to digitise all businesses across UK, with a turnover exceeding £10,000. This conversion is mandatory and demands the use of MTD compliant software for accounting purposes. Read on to find award-winning HMRC & MTD compliant ERP’s for all your online accounting needs.

  • How Cloud Accounting Benefits Your Business
  • Our Award Winning ERP Partners
  • What Will You Gain With Touchstone?
  • Interested? Want more information?

Imagine life with automated bank feeds, remote reporting, online dashboards and no more tedious data entry. Head out to conquer the world knowing you have everything you need to make smart decisions on the go regarding your business.

Imagine the ease of being able to access real-time financial data of your business while being miles away from your office! Cloud accounting gives you real-time view of your financial data. This ultimately helps you make decisions which are financially accurate and informed.

Getting a bird’s eye view of where you stand financially and all that is happening around you is an edge every business can make use of. Cloud accounting gives you that edge and then some- get first hand awareness of your financial limitations and make decisions accordingly.

Imagine life with automated bank feeds, remote reporting, online dashboards and no more tedious data entry. Head out to conquer the world knowing you have everything you need to make smart decisions on the go regarding your business.

Imagine the ease of being able to access real-time financial data of your business while being miles away from your office! Cloud accounting gives you real-time view of your financial data. This ultimately helps you make decisions which are financially accurate and informed.

Getting a bird’s eye view of where you stand financially and all that is happening around you is an edge every business can make use of. Cloud accounting gives you that edge and then some- get first hand awareness of your financial limitations and make decisions accordingly.

Call us to set up a free (one hour) demo of cloud accounting software at your premises or ours! A live demo always helps the client to get a better feel of the software and enables our team to clarify any or all technical or general queries regarding the use and access of the software, upfront.

Our team is equipped to develop custom solutions for your organizations through the various accounting software we have teamed up with. Our packages are highly economical and offer you the option of retaining our services all year round on a per month fee basis or on a one off service deal.

Touchstone’s technical team will arrange for a hassle-free set up and backup support throughout our service period.

Self-Assessment Personal Tax Return

Freelancers, Sole Traders, Directors of Limited Companies or anyone earning untaxed income is liable to file a self-assessment and pay the tax that is due on their income.

We not only do your personal self-assessment tax returns; our qualified accountants will also advice you on how to minimise your tax liability. We believe in providing a value-add service, not just number crunching.

We have reduced the price to £79 for simple tax return, it’s FREE if you sign up with us!

  • Self-Assessment Filing With Touchstone
  • What is ‘ Self Assessment ?
  • Who needs to file a tax return?
  • Why Touchstone?
  • How We Take The Stress Away
  • Making Tax Digital
  • FAQ’s You Might Have?

Self-Assessment Filing With Touchstone

Touchstone Accountancy will help you understand this concept, assess if you are liable and file on your behalf. UK tax year is from 6th April to 5th April the following year. Our team of accountants will ensure you are ready for this in advance and have enough funds set aside to meet your tax obligations. All this and more can be achieved with our award-winning monthly service, or our one-off annual service package.

What is a ‘Self-Assessment Tax Return’?

A Self-Assessment Tax Return which is also known as a “Personal Tax Return” is a way for individuals to pay tax on the income received or gains/profits made on their capital investments. Some taxes are collected at a source like PAYE, for example; taxes for employees are deducted before being paid by the employer and the same way savings income could be taxed by the bank when interest is paid out. However, income from some sources are not taxed at the source so need to be declared in the Personal Tax Return like Rental Property Income, Profit from Sole Trader Business or Sale of an asset that increased in value (e.g a Buy-to-let property) and tax need to be paid (if any due) Likewise, a Tax Return may be done to claim any overpaid taxes, e.g. your employer might have put you on the wrong tax code initially and you were overcharged so you can reclaim it through the tax return.
There are many reasons why an individual would need to file a personal tax return for a tax year. These include but are not limited to:
  • Self employment/Sole Trader earned more than £1,000 or Partnership income
  • Income over £100,000 in a tax year, doesn’t matter if you already paid tax via PAYE
  • Income over £50,000 and either you or your partner received child benefit
  • Rental income over £2,500
  • Other income that hasn’t been taxed and is more than £2,500
  • Dividend or savings income of more than £10,000
  • Need to pay Capital Gains Tax or report losses
  • Income from overseas
  • Lived or worked abroad and had UK income
  • If you have received a tax return filing notice from HMRC

You can also check HMRC online tool to confirm if a tax return is required. Simply complete their online questionnaire to check.

If you had a small amount of untaxed income (see above), you may not need to complete a Self Assessment tax return but you must still inform HMRC if you received: Over £2,000 in dividend income Received between £1,000 and £2,500 in any other untaxed income such as rental income

Life With Touchstone!

Accurately evaluating which of your income streams are taxable and what can earn you rebates, is no child’s play. At Touchstone, we’ll sort out your taxable income and inform you of which taxes you are liable to pay and whether you have any refunds to claim! With this you will also get to enjoy the exclusive services of our team of expert accountants who will guide you towards efficiently using HMRC compliant accounting software to minimize and streamline your business’s entire accounting into a single channel. With Touchstone, all you have to do is send us your info to be reviewed by one of our experts. Once we have taken you on as a client, you will get exclusive access to your very own personal accountant – who will always be at hand to guide you through the more complicated aspects of accounting. All this and so much more for as little as £17.99. Another plus point of working with Touchstone is that, since we are an online accountancy service, and all our operations are carried out virtually, our running cost is much lower than other financial consultants. This ultimately trickles down to our customers too when we offer them the most competitive pricing for online accountancy services. Also you don’t need to spend hours stuck in traffic navigating to our office for lengthy meeting. All you have to do to meet us is schedule an online meeting from the comfort of your own home or office and that’s it.

How We Take The Stress Away

In most people’s minds, accountancy is associated with attention to detail and countless hours of checking and rechecking the figures to balance the accounts out. We at Touchstone, will take this load off your shoulders for good. Just share your documents and data proving your income and expenditure with us and we’ll take care of the rest.
  • We will carefully go through your books to make sure everything is in order.
  • We will calculate your personal taxes.
  • We will complete your self-assessment tax return (SA100) and file it with HMRC for you.
  • You will save loads of precious time, effort and money when all of this is taken care of by us.

Making Tax Digital

Making Tax Digital (MTD) is the new government regulation for all businesses. What it stands for is the Governments effort towards digitalising submission of tax returns to HMRC. There is much confusion concerning when it will become applicable for different types of businesses since the original timeline was changed due to Brexit. Making Tax Digital is now live – although changes won’t be mandated until 2021. Its important to keep in mind, that whatever the size or type of your business, if your accounts are not already MTD compliant, you are at risk of getting heavily penalized from HMRC. Partnering with us could save you from this hassle. With us you will get access to a fully MTD compliant accounting software. Checkout our Making Tax Digital page for more details. Checkout our Making Tax Digital page for more details…
What is the deadline for Self-Assessment Tax Returns? October 31st for paper tax returns and January 31st for online tax returns. What is the penalty of missing this deadline? Late submissions are fined a minimum of £100 by HMRC.

Get your personal tax sorted in 3 easy steps

We talk about your requirements

Contact us through the website, chat, or give us a call. Our qualified accountant will give you a quick quote after understanding your needs. It's completely free and you will be under no obligation.

You fill a simple Tax Return Questionnaire

Fill the simple Tax return Questionnaire. Any queries feel free to ask us. The good thing is we won’t request you for payment until your tax return has been prepared.

We complete your tax return You pay us, We file it

Within a few hours, we will send you the complete tax return & a full breakdown of your tax computation. Once we receive the payment of our invoice and your approval to submit the tax return then we will file it with HMRC.

Why choose us over a high street accountant?

Accounting is changing, the high street accountant’s office is out of date. After the first initial meeting all contact is performed over email or phone; we want to cut the cost of delivering high quality accounting and advice for ecommerce businesses by bringing it direct to your computer at a time which fits you. Your Cloud Accountant focuses on giving businesses real advice for no extra charge. Look at how we differ from the traditional accountant:

HIGH STREET ACCOUNTANT

  • Qualified Accountant
  • Face to face initial meeting
  • Larger office overheads resulting in higher prices
  • Focus on traditional businesses rather than e-commerce businesses
  • Slow to respond when a bill is not due
  • Reluctant to take small clients

YOUR CLOUD ACCOUNTANT

  • ACCA member firm and e-commerce experts
  • Chat to using video conferencing, phone, email or whatsapp when its convenient for you!
  • An accountant’s office is only for marketing purposes, we don’t have this unnecessary cost and means we can charge reasonable rates
  • We recognise small business owners are busy growing a business during the day, so we make ourselves available to contact at evenings and weekends.
  • We pride ourselves on giving quality advice to our clients for no extra charge.
  • Amazon and eBay Specialists

Join us in 3 easy steps

Joining or switching to Touchstone is very easy, Call us or book a free 15 min no-obligation consultation and we’ll get you started in no time.

Step 1

Call us or book a meeting and we’ll offer you the cheapest package for your business.

Step 2

If it’s a new business we will register it for Free. If you’re switching, let your previous accountant know you are moving.

Step 3

Your client managers will help you get started. They will transfer the data over leaving you to focus on your business.

You can just relax as we'll take care of everything including HMRC and Companies House.

We charge a monthly fee based on your business type

Includes FREE access to cloud bookkeeping