What happens once you’ve signed up?

When you sign up with Clever Accounts, one of our accountants will be in contact with you.

Our aim is to ensure that the process is straight forward and to make you comfortable with how you are going to run your business. The key topics we aid with are:

• Forming the Company

• Registering you with HMRC for Corporation Tax, VAT, PAYE and Self-Assessment

• Helping set up a bank account with one of our partners

• Full tax planning for both yourself and the company

• Full portal training on our own online bookkeeping portal

The Steps Explained

Forming the Company

Once we have received your details, we’ll be in contact to verify your information so that we can get the company formed as soon as possible. Forming a company can take up to a day and once registered we’ll send across the incorporation documents for your newly formed company

Registering you with HMRC

On our initial email, we’ll arrange a time with you to discuss our service and run through the basics. On this call, we’ll go through the benefits of registering for certain taxes and the timing of these. We’ll then complete these registrations on your behalf and liaise with HMRC to ensure everything is set up.

Help with a bank account

When you form a limited company, you must have a company bank. Once signed up and if required, we’ll forward you an application form. We’ll then help you complete the application and send it to the relevant bank. If there are any issues, we’ll liaise with the bank until the account is opened.

Tax planning for you and your company

As part of setting up, we’ll provide tax planning for both you and your business. We normally ask you various questions and request a few documents but this will ensure we provide you with bespoke advice relating to your own circumstances. We then provide ‘health checks’ throughout the year to make sure that you are on track with your finances and planning.

Online bookkeeping training on our portal

The final part of the process is running through the online portal with you.  Our portal can track your invoices and expenses as well as calculating take home pay and tax liabilities. Usually this training is split into three main areas:

  1. Invoicing
  2. Expenses
  3. Banking

Once you’ve had training on these, you’re not left to your own devices. You could also have a look at videos on YouTube also.

Posted by Michael Grant