Business Details
19 Years
experience
Affordable Professional Accountancy Services in Preston
Established in 2007, we are a network of fully qualified accountants and tax professionals dedicated to providing accessible, high-quality accountancy services to self-employed individuals and small businesses across the UK. Our associates operate as independent practitioners under our brand, ensuring clients receive direct support from experienced professionals who understand the challenges of running a business. All our accountants are members of recognised professional bodies, hold practising certificates, and maintain professional indemnity insurance, ensuring compliance with rigorous regulatory standards.We prioritise transparency, offering fixed-fee packages tailored to clients using cloud accounting systems or banking apps, while maintaining a commitment to exceptional service. Our team has supported over 30 accountants in launching their own practices and continues to innovate through digital solutions aligned with HMRC's Making Tax Digital initiative. With a focus on education and technology, we empower clients to meet their tax obligations confidently while minimising costs.
Services
Self Assessment Tax Returns
Limited Company Accounts
VAT Returns
Capital Gains Tax
Cloud Accounting Support
Details
- Year established: 2007
Highlights and features
- Established in 2007 with over 15 years of industry experience
- Direct access to qualified, regulated accountants
- Fixed-fee pricing for transparent budgeting
- Specialised support for cloud accounting systems
- Regulated compliance with professional body standards
Services
Self Assessment Tax Returns
We prepare and file self-assessment tax returns for sole traders, landlords, and individuals with complex income sources. Our service ensures compliance with HMRC requirements while maximising allowable deductions. Clients receive expert guidance on deadlines, documentation, and tax-efficient strategies tailored to their specific circumstances.
Limited Company Year End
Our year-end service includes statutory accounts preparation, corporation tax returns, and Companies House filings. We cater to dormant companies, small traders, and VAT-registered businesses, ensuring accurate financial reporting and regulatory compliance through experienced chartered accountants.
Cloud Accounting Support
Specialised support for businesses using FreeAgent, Xero, or banking apps like Starling and Monzo. We integrate technology with expert oversight to streamline bookkeeping, VAT submissions, and financial reporting while maintaining full HMRC compliance for digital tax systems.
Property Capital Gains Tax
We handle residential property capital gains tax returns, calculating liabilities and meeting strict 60-day filing deadlines after property sales. Our experts assist with cost basis calculations, allowable deductions, and HMRC reference number applications for property disposals across the UK.
Monthly Accountancy Packages
Tailored monthly services for growing businesses include payroll processing, dividend management, and real-time compliance support. Packages scale with turnover levels, providing dedicated accountant access and proactive tax planning for limited companies at all stages.
People
Elaine Clark
Founder
Chartered Accountant and founder of Cheap Accounting since 2007, Elaine pioneered accessible accounting solutions for small businesses. Recognised in industry awards, she advocates for digital transformation in accountancy and mentors emerging professionals.
Norman Elliott
Capital Gains Tax Expert
Chartered Accountant with over 30 years' experience, Norman specialises in property tax compliance. He manages complex capital gains tax returns for residential property disposals, ensuring strict adherence to HMRC's 60-day reporting rules.
Questions
What accounting services do you offer for self-employed individuals?
We provide self-assessment tax returns, annual accounts preparation, and cloud accounting integration starting from £159, with dedicated support for landlords and side-hustle entrepreneurs.
Do you support businesses using digital banking apps?
Yes, we specialise in accounting for Starling, Monzo, Tide, and Mettle users, leveraging built-in bookkeeping features while ensuring HMRC compliance through our expert review processes.
How do your limited company packages work?
Monthly and annual packages include statutory accounts, corporation tax returns, payroll, and compliance support. Fees scale from £52.50 monthly based on turnover and service requirements.
Can you help with property capital gains tax returns?
We prepare and file residential property CGT returns within HMRC's 60-day deadline, handling calculations, documentation, and payment arrangements for UK property disposals.
Are your accountants regulated professionals?
All associates hold chartered status, professional indemnity insurance, and practising certificates, ensuring compliance with FRC and HMRC regulatory standards for tax and accounting services.
