4 ms·
No. But you don't necessarily need an accountant in the UK. Off the top of my head, the Companies House filing fee of around £15/yr, an address for the company
by m11a 6y ago
No. But you don't necessarily need an accountant in the UK.
Off the top of my head, the Companies House filing fee of around £15/yr, an address for the company (around £50/yr) are all you require to hold a UK company.
For a tech company that uses Xero and feeds in invoices programmatically filing the statutory returns by an accountant might cost £1000/yr (or 0 if you wish to DIY, the UK's HMRC makes self-filing easy unlike the IRS). Plus £360/yr for Xero (free accounting software probably won't cut it).
VAT returns and PAYE returns are pretty easy to self-file; Xero does them automatically and HMRC provides free software for it. The annual statutory accounts are more difficult, and you probably want an accountant.
Rough figures: if you want to be cheap, use Xero discounts and DIY, it's around £500/yr. With an accountant, but you still doing some of the work, perhaps £1500/yr.