Computaccounting.co.uk Review

Based on checking the website Computaccounting.co.uk, it appears to be a legitimate accounting service based in the UK. They offer a range of services from accounts, tax returns, bookkeeping, and payroll, catering to self-employed individuals, partnerships, and limited companies. The site highlights their 30 years in business and their status as Platinum QuickBooks Advisors. However, for those seeking services aligned with ethical financial practices, particularly in Islam, certain aspects require a closer look, especially regarding their affiliation with conventional banking partners like Tide, which may involve interest-based operations.

Here’s an overall review summary:

• Service Offerings: Comprehensive accounting, tax, bookkeeping, and payroll services.
• Experience: Celebrating 30 years in business, suggesting a well-established presence.
• Accreditation: Platinum QuickBooks Advisors, indicating proficiency with a widely used accounting software.
• Transparency: Pricing plans are clearly outlined on the website.
• Partnerships: Partnership with Tide for company and bank account setup, which could involve conventional financial structures.
• Online Presence: Active blog with news updates, and positive Trustpilot reviews linked directly from the site.
• Accessibility: Offers online booking and in-person appointments, with clear contact details.
• Ethical Consideration: Potential for involvement with interest-based financial services through banking partners, which is a key concern for Islamic finance.

While Computaccounting.co.uk seems to be a functional and established accounting firm, the integration with conventional banking services and the general nature of traditional accounting that might not explicitly differentiate between halal and haram financial transactions necessitates caution for those adhering to Islamic financial principles. The core services of bookkeeping and tax returns are permissible, but the method of handling funds, particularly through interest-bearing accounts or loans, would be an area of concern. It’s crucial to ensure that any financial advice or service provided aligns with Islamic finance tenets, avoiding riba (interest) and other prohibited elements.

Here are some alternatives for ethical financial and accounting services, focusing on principles that align with Islamic finance:

• Islamic Finance Council UK

  • Key Features: Provides information and resources on Islamic finance, including ethical investment, banking, and wealth management.
  • Price: Information and resources are generally free; specific services would vary.
  • Pros: Focuses purely on Sharia-compliant finance; excellent resource for education and guidance.
  • Cons: Not a direct accounting service provider, but a knowledge hub.

• Al Rayan Bank

  • Key Features: UK’s oldest and largest Sharia-compliant retail bank, offering business banking accounts, commercial property finance, and asset finance.
  • Price: Account fees and service charges applicable, similar to conventional banks but Sharia-compliant.
  • Pros: Fully Sharia-compliant banking services, including business accounts, ensuring no interest.
  • Cons: Limited branch network compared to conventional banks; product range might be narrower.

• Wahed Invest

  • Key Features: Halal investment platform that helps individuals and businesses invest in Sharia-compliant portfolios globally.
  • Price: Management fees typically range from 0.49% to 0.99% per year, depending on the plan.
  • Pros: Easy-to-use platform for Sharia-compliant investing; diversified portfolios.
  • Cons: Focuses on investments, not core accounting services; minimum investment requirements.

• Amanah Private Wealth

  • Key Features: Offers Sharia-compliant financial planning, wealth management, and pension advice.
  • Price: Fee-based services, dependent on the complexity and scope of financial planning.
  • Pros: Tailored wealth management adhering to Islamic principles; experienced advisors.
  • Cons: Primarily for wealth management and financial planning, not day-to-day accounting.

• Simply Business

  • Key Features: Provides guides and comparisons for various accounting software options suitable for small businesses, many of which can be used in a Sharia-compliant manner with careful management (e.g., avoiding interest-based loans or tracking).
  • Price: Varies depending on the chosen software (some free, some subscription-based).
  • Pros: Wide range of options for self-managed accounting; empowers businesses to choose Sharia-compliant practices.
  • Cons: Requires the user to ensure Sharia compliance in their own financial operations; not a direct accounting service.

• Xero

  • Key Features: Cloud-based accounting software offering invoicing, bank reconciliation, inventory management, and payroll. Can be configured and used in a way that avoids interest.
  • Price: Monthly subscriptions typically range from £15 to £60.
  • Pros: Highly popular and robust accounting software; integrates with many other business tools.
  • Cons: Requires manual diligence to ensure Sharia compliance in all transactions; not inherently Sharia-compliant itself.

• FreeAgent

  • Key Features: Designed for small businesses and freelancers, offering invoicing, expenses, time tracking, and self-assessment tax filing. Like Xero, it can be used ethically if transactions are managed carefully.
  • Price: Monthly subscriptions typically around £19.
  • Pros: User-friendly interface; strong focus on freelancer and small business needs.
  • Cons: Not inherently Sharia-compliant; users must ensure their financial activities align with Islamic principles.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Computaccounting.co.uk Review & First Look

Based on looking at the website Computaccounting.co.uk, it presents itself as a long-standing accounting firm in the UK, boasting 30 years of operation. The homepage offers a relatively clear layout, detailing the services provided, business formats supported, and pricing structures. This initial impression suggests a company that has established itself in the market and aims for transparency, which is a fundamental aspect of any trustworthy business.

Website Navigation and User Experience

The site features a standard navigation bar with clear links to “HOME,” “SERVICES,” “FORMATS,” “START-UPS,” “PRICING,” “MTD” (Making Tax Digital), “NEWS,” and “OUR BLOG.” This straightforward menu makes it easy for potential clients to find relevant information quickly. The overall design is functional, though perhaps not cutting-edge. The emphasis appears to be on conveying information rather than visual flair.

• Ease of Use: The menu is intuitive, allowing quick access to different sections.
• Information Accessibility: Key information like services and pricing is readily available.
• Mobile Responsiveness: While not explicitly tested, a modern website should ideally be responsive across various devices. The text layout suggests it would scale reasonably well.

Initial Trust Signals and Red Flags

Several elements on the homepage contribute to either building or raising questions about trust. The mention of “celebrating 30 years” is a strong indicator of longevity and experience. Client testimonials, though brief, add a layer of social proof. However, a critical eye is needed to assess the full picture.

• Positive Signals:

  • Longevity: “Celebrating 30 years” is a significant milestone, suggesting stability and expertise.
  • Clear Services: Detailed descriptions of accounting, tax, bookkeeping, and payroll services.
  • Contact Information: Prominently displayed phone number, email, and physical office location.
  • Trustpilot Link: A direct link to their Trustpilot reviews, indicating confidence in their public reputation.
  • COVID-19 Policy: Demonstrates attention to client safety and current events, showing responsiveness.

• Potential Red Flags/Areas for Deeper Inquiry:

  • Partnerships: The partnership with Tide for company and bank account setup. While convenient, the nature of conventional banking involves interest (riba), which is prohibited in Islamic finance. This partnership would require a detailed understanding of how funds are managed and if interest-free alternatives are explicitly offered or supported.
  • Lack of explicit ethical statement: There is no overt mention of adherence to specific ethical guidelines beyond general professional standards. For those seeking Sharia-compliant services, this absence means more due diligence is required.

Computaccounting.co.uk Features

Computaccounting.co.uk offers a range of features designed to support businesses with their financial administration. These features primarily revolve around traditional accounting services, leveraging cloud technology and specific software partnerships.

Core Accounting Services Provided

The website clearly outlines its main service offerings, positioning itself as a “one-stop shop” for business accounting needs. These include essential functions for any business, regardless of size or format.

• Accounts:
  • Full and Abbreviated Company Accounts (Unaudited, FRS102 Section 1A or FRS105)
  • Sole Trade & Partnership Accounts
  • Data Point: According to HMRC, over 5.5 million businesses were active in the UK as of January 2024, with a significant proportion being sole traders and small limited companies, all requiring robust accounting services.
• Tax Returns:
  • CT600 (Corporation Tax for limited companies)
  • SA100 (Self Assessment for individuals)
  • SA800 (Partnership Tax Return)
  • Includes all relevant computations for accurate filing.
• Book-keeping:
  • Bespoke book-keeping service tailored to specific trade, circumstances, and needs. This suggests flexibility, which can be beneficial for diverse business types.
• Payroll:
  • Weekly or Monthly payslips and reports for PAYE employees or CIS (Construction Industry Scheme).
  • Management of pension contributions.
  • Ensuring all relevant filings with HMRC are completed.

Cloud Accounting and Software Integration

A significant feature highlighted is their embrace of cloud accounting, specifically through their partnership and expertise with QuickBooks. This is a crucial element for modern businesses seeking flexibility and collaboration.

• What is Cloud Accounting?
  • Defined as using an accounting system accessed via the internet.
  • Major Advantage 1: Enables users to access records from anywhere, on any device with an internet connection. This is invaluable for remote work and mobile business operations.
  • Major Advantage 2: Supports simultaneous multiple users, enhancing collaboration between business owners, bookkeepers, and accountants.
• QuickBooks Partnership:
  • ComputAccounting states they are “Platinum QuickBooks Advisors.” This is a high level of partnership, suggesting deep expertise and priority support from QuickBooks.
  • They are able to set up and operate QuickBooks, leveraging “The World’s Best Selling Accounting Software for Small Businesses.”
  • Licenses available through ComputAccounting reportedly come with QuickBooks Award-Winning Support for FREE (via telephone, online, or chat), along with interactive help menus and an online community.
  • Statistic: QuickBooks boasts over 7 million global customers as of early 2023, making it a dominant force in small business accounting software.
• Video Tutorials: The website provides a selection of helpful QuickBooks video tutorials covering essential tasks like adding customers, sending invoices, receiving payments, receipt capture, and connecting bank accounts.

Support for Business Formats

ComputAccounting supports various business structures commonly found in the UK, providing guidance on each.

• Self Employed / Partnerships / Limited Company: These are listed as the most frequently used options, with a note that other formats are feasible.
• HMRC Definitions: The website provides concise definitions of self-employed, partnership, and limited company structures as per HMRC guidelines, which is helpful for new businesses trying to understand their options.
  • Self-Employed: Individuals running their business for themselves, taking responsibility for success/failure, not paid through PAYE, and without employment rights of employees. Can be both employed and self-employed.
  • Partnership: Two or more individuals sharing responsibility for the business, including losses and bills. Partners share profits and pay tax on their share.
  • Limited Company: A separate legal entity from its owners, with finances separate from personal finances. Company owns profits after Corporation Tax.
• Advisory Service: ComputAccounting offers initial free consultations to advise which business format is the best fit and most tax-efficient. This is a valuable service, especially for start-ups.

Computaccounting.co.uk Pros & Cons

When evaluating Computaccounting.co.uk, it’s essential to weigh its strengths against areas where it might fall short, especially when considering ethical business practices and the needs of a diverse clientele. Express-gates.co.uk Review

Computaccounting.co.uk Pros

The website highlights several strong points that could attract potential clients seeking traditional accounting services.

• Established and Experienced:
  • 30 Years in Business: This is a significant advantage, demonstrating longevity, stability, and a deep understanding of UK accounting practices. Such an extensive track record can instill confidence in clients looking for reliable, long-term support. A company with this history has likely navigated numerous economic cycles and regulatory changes.
  • Platinum QuickBooks Advisors: This accreditation signifies a high level of expertise and partnership with one of the world’s leading accounting software providers. It means ComputAccounting is well-versed in leveraging modern cloud accounting tools to benefit their clients, offering efficient and integrated solutions.
• Comprehensive Service Offering:
  • One-Stop Shop: They provide a full suite of services including accounts, tax returns, bookkeeping, and payroll. This eliminates the need for businesses to seek multiple providers for different financial needs, streamlining their operations.
  • Support for Various Business Formats: Catering to sole traders, partnerships, and limited companies covers a broad spectrum of the UK business landscape, making them accessible to many different client types.
• Transparency and Accessibility:
  • Clear Pricing: The website displays transparent pricing for various plans (Individual & Small Business, Limited Company) with monthly installments, which aids in budgeting and decision-making. Knowing costs upfront is always a plus.
  • Readily Available Contact Information: Phone number, email, and physical address are prominently displayed, along with online appointment booking, enhancing accessibility for inquiries and consultations.
  • Active News Section/Blog: The inclusion of news articles and blog posts about budget updates and COVID-19 support demonstrates their engagement with current financial events and their commitment to keeping clients informed.
• Positive Client Testimonials:
  • Featuring testimonials from named clients (e.g., Linda Garbett, Leo Davey, Vanessa & Gemma) with specific businesses adds credibility and provides social proof of client satisfaction. The direct link to their Trustpilot page further supports this.

Computaccounting.co.uk Cons

While the website presents a professional front, there are areas that might be considered drawbacks, particularly for clients with specific ethical or financial requirements.

• No Explicit Mention of Sharia-Compliance or Ethical Investing/Finance:
  • This is a significant omission for clients seeking services aligned with Islamic financial principles. The website focuses on conventional accounting and tax compliance, without any indication of understanding or accommodating interest-free banking, halal investments, or other Sharia-compliant financial practices. This means clients adhering to such principles would need to exert extra vigilance or seek alternative providers.
  • Implication of Riba: Traditional accounting services often operate within a conventional financial system that includes interest (riba) in banking, loans, and investments. Without a specific statement or service offering for Sharia-compliant finance, clients are left to assume that the services might implicitly involve or support interest-based transactions, which are prohibited in Islam.
• Partnership with Conventional Banking (Tide):
  • The prominent partnership with Tide for setting up limited companies and bank accounts is a concern. While Tide offers business accounts, they are part of the conventional banking system where interest is an inherent component of lending and borrowing. For a Muslim client, this partnership would represent a direct link to an interest-based financial institution, making it unsuitable without explicit assurances of interest-free alternatives for all transactions handled by the accountant through such a partner.
  • Risk of Riba Involvement: Even if the accounting service itself doesn’t directly charge interest, facilitating the opening of accounts or transactions with interest-based banks means indirectly supporting or being involved in a system that includes riba. This is a critical ethical consideration.
• Generic Financial Advice:
  • The news section covers general financial topics like interest rates and budget updates. While informative for a broad audience, it lacks specific guidance or insights relevant to ethical finance, particularly from an Islamic perspective. Clients looking for advice on Zakat calculation, halal investment screening, or Sharia-compliant business structures would need to look elsewhere.
• Focus on ‘Best Selling’ Software Over Ethical Alignment:
  • Their emphasis on QuickBooks being “The World’s Best Selling Accounting Software” highlights a focus on market leadership and features, which is understandable. However, it doesn’t assure clients that the software’s functionalities or standard integrations will be used in a manner that avoids prohibited elements like interest calculations on late payments or conventional loan tracking unless manually managed.

Computaccounting.co.uk Alternatives

For businesses and individuals seeking accounting services that align with ethical financial principles, particularly those rooted in Islamic finance, exploring alternatives to conventional providers like Computaccounting.co.uk is essential. The core issue with mainstream accounting firms, even those offering good service, often lies in their implicit integration with interest-based financial systems (riba), which is prohibited in Islam. Therefore, alternatives should either be explicitly Sharia-compliant or flexible enough to allow for strict adherence to ethical guidelines.

Why Ethical Alternatives are Crucial

In Islamic finance, any transaction involving interest (riba) is strictly forbidden. This extends to conventional loans, credit cards, and even standard bank accounts where interest might be accrued or paid. Additionally, investments in haram (forbidden) industries like alcohol, gambling, or pornography are also prohibited. Therefore, an accountant handling one’s finances should ideally guide clients away from such dealings or ensure all transactions are conducted in a permissible manner.

• Avoiding Riba: Ensures all financial dealings are free from interest, which is a major sin in Islam.
• Halal Income Streams: Verifies that revenue sources are permissible and ethical.
• Zakat Calculation: Provides expertise in calculating and distributing Zakat (obligatory charity) correctly, which is a pillar of Islam.
• Ethical Investment: Guides clients towards Sharia-compliant investments, avoiding prohibited sectors.

Top Alternatives for Ethical Accounting and Financial Management

Given the need for ethical considerations, especially regarding interest and Sharia compliance, the following alternatives focus on either explicitly halal services or tools that can be adapted for ethical use.

1. Islamic Finance Council UK (Resource & Guidance)

   • Focus: While not an accounting firm, the IFC UK is a vital resource for understanding Islamic finance principles and finding reputable institutions that adhere to them. They provide guidelines and educational content crucial for businesses seeking Sharia-compliant operations.
   • Benefit: Helps users understand what to look for in an ethical accounting partner or how to structure their own finances ethically.
   • Why it’s a good alternative: It empowers individuals to make informed decisions and seek out services that are genuinely Sharia-compliant, rather than just conventional services.

2. Al Rayan Bank (Sharia-Compliant Banking)

   • Focus: As the UK’s leading Sharia-compliant bank, Al Rayan Bank offers business bank accounts, commercial property finance, and other financial products structured to avoid interest. While a bank, having a Sharia-compliant banking partner is foundational for ethical accounting.
   • Benefit: Ensures that the core financial transactions of a business (deposits, payments, financing) are free from riba from the outset.
   • Why it’s a good alternative: It addresses the fundamental issue of interest in banking, which Computaccounting.co.uk’s partnership with Tide does not.

3. Specialised Islamic Accounting Firms (e.g., Islamic Accounting UK)

   • Focus: These firms explicitly market themselves as Sharia-compliant accountants. They are knowledgeable in both UK tax law and Islamic financial jurisprudence, offering services like Zakat calculation, halal business structuring advice, and conventional accounting with a Sharia-compliant lens.
   • Benefit: Direct expertise in navigating the complexities of both secular and Islamic financial regulations. They can advise on issues like interest-free financing alternatives and ethical investments.
   • Why it’s a good alternative: Provides a tailored service that directly addresses the ethical concerns that mainstream accountants typically do not.

4. Wahed Invest (Halal Investment Platform)

   • Focus: For businesses or individuals looking to manage surplus funds or invest ethically, Wahed Invest offers a global platform for Sharia-compliant investments. While not an accounting service, it’s crucial for comprehensive ethical financial management.
   • Benefit: Ensures that investment activities are halal, avoiding prohibited industries and interest-bearing instruments.
   • Why it’s a good alternative: Complements accounting services by providing a Sharia-compliant avenue for wealth growth, which is often a blind spot for conventional accountants.

5. Cloud Accounting Software with Careful Manual Oversight (e.g., Xero or FreeAgent) Protechmodels.co.uk Review

   • Focus: These are powerful, user-friendly cloud accounting platforms. While not inherently Sharia-compliant, they offer the flexibility for businesses to manage their own books in an ethical manner, provided they have a strong understanding of Islamic finance.
   • Benefit: Cost-effective for many small businesses, offering robust features for invoicing, expenses, and tax preparation.
   • Why it’s a good alternative: Empowers businesses to maintain their own financial records while ensuring that all transactions input and managed adhere to Sharia principles, by avoiding interest-based loans, tracking ethical income/expenses, and manually calculating Zakat. It requires diligence but offers control.

6. Independent Ethical Financial Consultants/Advisors (Search: “Islamic Finance Advisor UK”)

   • Focus: These are individual professionals or small firms that offer bespoke financial advice, often with a specialisation in Islamic finance. They can guide on business structuring, ethical investments, and ensuring compliance.
   • Benefit: Personalised advice tailored to specific business needs and ethical requirements.
   • Why it’s a good alternative: Offers more customised solutions compared to larger firms, often with a deeper commitment to ethical principles.

7. Community-Based Accounting Support (e.g., local mosque networks or Islamic business associations)

   • Focus: Sometimes, local Islamic community centres or business associations can provide recommendations for accountants who are known to understand and practice Islamic finance principles. This is often based on personal references and trust within the community.
   • Benefit: Access to professionals vetted by the community for their ethical adherence.
   • Why it’s a good alternative: Offers a trusted, informal network for finding accountants who are sensitive to specific religious and ethical needs, going beyond standard professional qualifications.

How to Cancel Computaccounting.co.uk Subscription

While the Computaccounting.co.uk website provides pricing information, it doesn’t explicitly detail a step-by-step process for cancelling a subscription or service. This lack of transparency regarding cancellation procedures is a common characteristic of many service-based businesses, but it can be frustrating for clients seeking to terminate their arrangements. Typically, such services require direct communication with the provider.

Understanding the Cancellation Process (General Practices)

For accounting services, cancellations usually aren’t as straightforward as clicking a button on a website, unlike a SaaS subscription. This is because ongoing financial records, tax obligations, and sensitive data are involved. The process often requires ensuring a smooth handover of documents and information to a new provider or back to the client.

• Common Steps for Service Cancellation:
  1. Review Your Agreement: The first step should always be to review any contract or engagement letter you signed with ComputAccounting. This document should outline the terms and conditions of service, including notice periods for cancellation, potential termination fees, and procedures for data transfer.
  2. Direct Communication: The most direct and effective way to cancel is to contact ComputAccounting directly.
     • Preferred Method: Email is generally recommended as it provides a written record of your communication. You can use the email address [email protected].
     • Alternative: A phone call to 01643 709 900 can initiate the process, but always follow up with an email to confirm details discussed.
  3. Provide Notice: Be prepared to provide the required notice period as stipulated in your agreement. This could be 30, 60, or 90 days, depending on the contract. Failure to provide adequate notice might result in charges for services during the notice period.
  4. Data Transfer and Handover: Discuss with ComputAccounting how your financial records, tax documents, and any data held within QuickBooks (if they manage your license) will be transferred back to you or to your new accountant. This is a critical step to ensure business continuity and compliance.
     • Key Data: Ensure you receive all historical accounts, tax returns, payroll records, and access to your QuickBooks file or data export.
     • Responsibility: Clarify who is responsible for providing data in a usable format and any associated costs.
  5. Final Invoice and Payments: Ensure all outstanding invoices are settled. Confirm the date of your last billable service and any pro-rata charges if applicable.
  6. Confirmation of Cancellation: Request written confirmation of your service cancellation and the effective date from ComputAccounting.

Important Considerations for Ethical Transition

When cancelling services, particularly if you’re moving to a Sharia-compliant provider, ensure that:

• No Interest-Based Penalties: Check if any cancellation fees or penalties are interest-based. If so, discuss alternatives or seek clarification on their nature.
• Data Integrity: Ensure all your financial data is transferred securely and accurately, maintaining integrity for future ethical audits or Zakat calculations.
• Compliance with HMRC: Confirm that ComputAccounting will complete any outstanding HMRC filings up to the cancellation date, avoiding any non-compliance issues during the transition.

Computaccounting.co.uk Pricing

Computaccounting.co.uk provides a transparent pricing structure on its website, which is a commendable aspect for potential clients. The pricing is presented in two main categories: “INDIVIDUAL & SMALL BUSINESS PRICES” and “LIMITED COMPANY PRICES,” both offering monthly installment options, making accounting services more manageable for businesses. All prices are exclusive of VAT.

Individual & Small Business Prices

This section caters to sole traders and smaller entities, offering three distinct plans based on complexity.

• BASIC TAX RETURN PAID ANNUALLY

  • Price: £247 (paid annually)
  • Included Features:
    • Email & Phone Support: Yes
    • Accounting software: No (implies this is for those already using their own system or for simpler tax returns)
    • Support for QuickBooks Online (QBO) Remote assistance: No
    • Bank Integration: No
    • Dedicated Account Manager: No
    • Monthly Payroll or CIS: No
    • VAT Returns: No
    • MTD (Making Tax Digital) Compliant: Yes (from April 2023)
    • HMRC Compliant: Yes
    • Personal Tax Returns: 1 Tax Return
    • Monthly transactions: N/A (as it’s a basic tax return service)
  • Best For: Individuals or very small businesses with minimal activity, primarily needing assistance with their annual self-assessment tax return.

• SELF EMPLOYED PAID MONTHLY

  • Price: £47 (paid monthly)
  • Included Features:
    • Email & Phone Support: Yes
    • Accounting software: No
    • QBO Remote assistance: No
    • Bank Integration: Yes
    • Dedicated Account Manager: No
    • Monthly Payroll or CIS: No
    • VAT Returns: Yes
    • MTD Compliant: Yes
    • HMRC Compliant: Yes
    • Personal Tax Returns: 1 Tax Return
    • Monthly transactions: Up to 25
  • Best For: Self-employed individuals who require ongoing support for VAT returns and managing up to 25 monthly transactions, in addition to their annual tax return.

• SMALL BUSINESS PAID MONTHLY Clairesfitness.co.uk Review

  • Price: £67 (paid monthly)
  • Included Features:
    • Email & Phone Support: Yes
    • Accounting software: Yes (Likely QuickBooks Online as they are Platinum Advisors)
    • QBO Remote assistance: Yes
    • Bank Integration: Yes
    • Dedicated Account Manager: Yes
    • Monthly Payroll or CIS: Up to 5 payslips
    • VAT Returns: No (This seems inconsistent given the “Self Employed” plan includes it. Potential clarification needed from provider.)
    • MTD Compliant: Yes
    • HMRC Compliant: Yes
    • Personal Tax Returns: 1 Tax Return
    • Monthly transactions: Up to 50
  • Best For: Small businesses (perhaps sole traders with more activity or very small partnerships) needing accounting software, remote assistance, a dedicated manager, basic payroll, and handling up to 50 monthly transactions.

Limited Company Prices

This section targets limited companies, offering more comprehensive packages reflective of the increased compliance requirements.

• BRONZE PAID MONTHLY

  • Price: £97 (paid monthly)
  • Included Features:
    • Email & Phone Support: Yes
    • Accounting software: Yes
    • QBO Remote assistance: Yes
    • Bank Integration: Yes
    • Dedicated account manager: Yes
    • Monthly Payroll or CIS: Up to 5 payslips
    • VAT Returns: Yes
    • MTD Compliant: Yes
    • HMRC Compliant: Yes
    • Companies House compliant: Yes
    • Personal Tax Returns: 1 Director
    • Monthly transactions: Up to 50
  • Best For: New or small limited companies with a single director, needing comprehensive compliance support including Companies House filings, VAT, and payroll for a few employees.

• SILVER PAID MONTHLY

  • Price: £197 (paid monthly)
  • Included Features: Builds on Bronze, with increased limits.
    • Monthly Payroll or CIS: Up to 10 payslips
    • Personal Tax Returns: 2 Directors
    • Monthly transactions: Up to 100
  • Best For: Growing limited companies with up to two directors and more employees/transactions.

• GOLD PAID MONTHLY

  • Price: £247 (paid monthly)
  • Included Features: Most comprehensive plan.
    • Monthly Payroll or CIS: Up to 15 payslips
    • Personal Tax Returns: Unlimited Directors
    • Monthly transactions: Up to 200
  • Best For: Larger limited companies needing extensive payroll and higher transaction volumes, accommodating multiple directors.

Bespoke Pricing

The website also states that if a business “does not easily fit into the below categories please call for an appointment to discuss a bespoke price.” This indicates flexibility for more complex or unique business structures.

Ethical Pricing Considerations

From an ethical standpoint, the transparency of pricing is a positive. However, the core service delivery, even if the price is fixed, remains subject to the overarching ethical considerations. For example:

• VAT Inclusion: Prices are exclusive of VAT. For VAT-registered businesses, this is standard, but for micro-businesses, it’s an additional cost to factor in.
• Value for Money vs. Ethical Alignment: While the prices seem competitive for the services offered in the conventional market, the key concern for ethical clients is whether these services facilitate transactions that align with Islamic principles. The pricing doesn’t reflect any premium or discount for Sharia-compliant handling, implying it’s a standard service package.
• Hidden Costs: While prices are transparent for the listed features, any additional consultations, out-of-scope work, or complexities beyond the specified transaction limits would likely incur extra charges, which is standard practice.

Overall, Computaccounting.co.uk’s pricing is clear and structured, offering different tiers to match various business sizes and needs. The monthly installment option is a benefit for cash flow management. However, for those prioritising ethical finance, the absence of explicit Sharia-compliant service distinctions means the pricing primarily reflects conventional accounting service value.

Making Tax Digital (MTD) Compliance at Computaccounting.co.uk

Computaccounting.co.uk places a significant emphasis on Making Tax Digital (MTD) compliance, dedicating a clear section on their homepage to explain what MTD is and how they help businesses adhere to its requirements. This focus is crucial for any accounting firm operating in the UK, as MTD represents a fundamental shift in how businesses report their taxes to HMRC.

What is Making Tax Digital?

The website defines MTD as a requirement for VAT-registered businesses with taxable turnover above the VAT registration threshold to keep records in digital form and file their VAT Returns using compatible software. It highlights that while digital record-keeping is increasingly common, MTD specifically mandates that the software used must be capable of:

• Keeping and maintaining the records specified in the regulations.
• Preparing VAT Returns using information maintained in those digital records.
• Communicating with HMRC digitally.

The site also notes that if digital records are up to date, the software can collate and prepare the return automatically. This underscores the efficiency MTD aims to bring. Nodenetwork.co.uk Review

MTD for VAT Timeline and Requirements

Computaccounting.co.uk provides a timeline of MTD for VAT implementation, showing their awareness of the regulatory landscape.

• Since 2019: The majority of VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) have been mandated to keep digital VAT records and send returns using MTD-compatible software.
• 1st April 2021: Marked the end of the “soft-landing period” for businesses without full digital links. From this date, full digital links are required, meaning no manual manipulation of spreadsheets or copy-pasting for VAT return submissions.
• From April 2022: MTD requirements expanded to apply to all VAT-registered businesses, including those under the £85,000 VAT turnover threshold who were not previously mandated for MTD for VAT.

MTD for Income Tax Self-Assessment (ITSA)

The website also extends its MTD discussion to the upcoming MTD for Income Tax Self-Assessment (ITSA), demonstrating a forward-looking approach to compliance.

• From April 2023: MTD for ITSA will apply to unincorporated businesses and landlords with total business or property income above £10,000 per year.
• Preparation Period: Most businesses have had two years to prepare and test the service voluntarily prior to its introduction.

How ComputAccounting Facilitates MTD Compliance

As Platinum QuickBooks Advisors, ComputAccounting is well-positioned to help clients navigate MTD.

• Software Integration: They leverage QuickBooks, an MTD-compatible software, to ensure clients’ digital records and submissions meet HMRC requirements.
• Advisory Role: They provide guidance on how to set up and operate QuickBooks in a way that aligns with MTD regulations, helping businesses transition from traditional record-keeping to digital methods.
• Training and Support: By mentioning helpful QuickBooks video tutorials, they imply support for clients to become proficient with the software necessary for MTD.

Ethical Angle on MTD

From an ethical perspective, MTD compliance itself is neutral. It’s a regulatory requirement aimed at modernising tax administration, increasing efficiency, and reducing errors. Adhering to tax laws is a civic duty and aligns with Islamic principles of fulfilling obligations and maintaining fairness in dealings.

• Transparency: MTD’s digital record-keeping promotes transparency in financial transactions, which aligns with Islamic emphasis on clear and honest dealings.
• Efficiency: The move to digital processes can lead to more efficient tax reporting, reducing administrative burden and potentially freeing up resources for productive, halal activities.
• Avoiding Penalties: Ensuring MTD compliance helps businesses avoid penalties from HMRC, which is a practical benefit and aligns with responsible financial management.

However, the ethical considerations still arise when the underlying financial activities being reported involve prohibited elements like interest. While the reporting mechanism (MTD) is fine, the substance of the financial transactions must still be scrutinised for Sharia compliance. ComputAccounting’s expertise in MTD ensures technical compliance, but clients must ensure their business model and transactions themselves are ethically sound.

Computaccounting.co.uk vs. Competitors

When evaluating Computaccounting.co.uk, it’s useful to compare it against typical competitors in the UK accounting market, especially considering the rise of online-only accounting firms and those with specific ethical focuses. The comparison isn’t about naming specific businesses but rather highlighting how ComputAccounting’s model stacks up against different archetypes of accounting providers.

Traditional High Street Accountants

• Computaccounting.co.uk’s Position: ComputAccounting appears to bridge the gap between traditional high street firms and modern cloud-based services. They have a physical office (“Rapid House, Mart Rd Minehead TA24 5BJ”), offer in-person appointments (with COVID-19 considerations), and boast 30 years of local service. This suggests a more personal, community-rooted approach akin to a traditional firm.
• Advantages of ComputAccounting:
  • Local Presence: Clients in the Minehead area might appreciate the ability to drop off paperwork and have face-to-face meetings.
  • Personal Touch: A long-standing local firm often provides a more personalised service and builds stronger relationships.
  • Established Trust: 30 years in business offers a level of trust that newer, purely online firms might lack.
• Disadvantages of ComputAccounting:
  • Geographic Limitation: While they serve “far beyond,” their physical presence naturally appeals more to local businesses.
  • Potentially Less Tech-Forward: While they use QuickBooks, a truly cutting-edge online firm might integrate with a wider array of fintech tools.

Online-Only Accountants (e.g., Crunch, Mazuma, etc.)

• Computaccounting.co.uk’s Position: ComputAccounting integrates cloud accounting (QuickBooks) and remote assistance, aligning with the operational aspects of online firms, but they also maintain a physical presence.
• Advantages of Online-Only:
  • Greater Scalability & Reach: Can serve clients nationwide or even globally without geographic constraints.
  • Often More Tech-Driven: May develop proprietary online portals, extensive integrations, and automated workflows.
  • Potentially Lower Overheads: Sometimes translates to more competitive pricing, though this isn’t always the case.
• Disadvantages of Online-Only (where ComputAccounting might excel):
  • Less Personal Interaction: Communication is primarily digital, which some clients find less reassuring.
  • Lack of Local Knowledge: May not have the same nuanced understanding of local business challenges or networks.
  • ** impersonal Feel:** Clients might feel like a number rather than a valued relationship.

Specialised/Niche Accountants (e.g., Islamic Accounting Firms, Freelancer Specialists)

• Computaccounting.co.uk’s Position: ComputAccounting appears to be a generalist accounting firm, serving various business formats and needs without a specific niche focus other than small businesses.
• Advantages of Specialised Firms:
  • Deep Niche Expertise: An Islamic accounting firm, for instance, understands Sharia compliance beyond basic accounting, offering advice on Zakat, halal investments, and interest-free financing structures. A freelancer specialist knows the unique tax breaks and challenges of that sector.
  • Tailored Advice: Can provide advice that goes beyond general tax and bookkeeping to align with specific ethical or industry-specific requirements.
• Disadvantages of Specialised Firms:
  • Potentially Higher Cost: Niche expertise sometimes comes at a premium.
  • Limited Scope: May not be suitable if your business needs evolve beyond that specific niche.
• ComputAccounting’s Gap: This is where ComputAccounting shows a clear gap for ethically conscious clients. Without explicit Sharia-compliance services, a Muslim client would need to actively verify every aspect of their financial dealings, whereas a specialised Islamic accounting firm would inherently handle this.

Cloud Accounting Software Providers (e.g., Xero, QuickBooks directly)

• Computaccounting.co.uk’s Position: They are Platinum QuickBooks Advisors, meaning they essentially resell and support a major software product.
• Advantages of Direct Software Use:
  • Full Control: Businesses retain full control over their books and data.
  • Cost-Effective (for simple needs): For very small businesses, managing their own books on software like QuickBooks or Xero might be cheaper than a full accounting service.
• Disadvantages of Direct Software Use:
  • Requires Internal Expertise: Businesses need to invest time in learning the software and understanding tax laws.
  • No Advisory Services: The software itself doesn’t offer personalised tax planning or business advice.
• ComputAccounting’s Value Add: ComputAccounting adds value by providing the human expertise, support, and advisory services on top of the software, handling the complexities that a business owner might not have time or knowledge for. However, again, this advice is from a conventional perspective.

In summary, Computaccounting.co.uk positions itself as a reliable, experienced accounting partner that leverages modern cloud technology while retaining some characteristics of a traditional, locally rooted firm. Its main strengths lie in its longevity, comprehensive service offering, and transparency. However, its primary weakness, from an ethical standpoint, is its lack of explicit Sharia-compliant services and its integration with conventional interest-based banking partners, making specialised ethical accounting firms the more suitable alternative for religiously conscious clients.

Frequently Asked Questions

What is Computaccounting.co.uk?

Computaccounting.co.uk is a UK-based accounting firm that has been supporting businesses for 30 years, offering services such as accounts, tax returns, bookkeeping, and payroll.

What services does Computaccounting.co.uk offer?

Computaccounting.co.uk offers a full range of accounting services including full and abbreviated company accounts, sole trade and partnership accounts, various tax returns (CT600, SA100, SA800), bespoke bookkeeping services, and weekly or monthly payroll processing with relevant filings.

Is Computaccounting.co.uk a legitimate company?

Yes, based on the information provided on their website, including their 30 years in business, physical address, contact details, and a link to their Trustpilot reviews, Computaccounting.co.uk appears to be a legitimate and established accounting firm in the UK. Flo-smart.co.uk Review

Does Computaccounting.co.uk use cloud accounting?

Yes, Computaccounting.co.uk embraces cloud accounting and is a Platinum QuickBooks Advisor, utilising “The World’s Best Selling Accounting Software for Small Businesses” to provide flexible and collaborative financial management.

What types of businesses does Computaccounting.co.uk support?

Computaccounting.co.uk supports self-employed individuals, partnerships, and limited companies, offering tailored accounting services for each business format.

How transparent is Computaccounting.co.uk’s pricing?

Computaccounting.co.uk provides transparent pricing on its website, clearly outlining monthly fees for individual and small business plans, as well as limited company plans, with a note that all prices are exclusive of VAT.

Does Computaccounting.co.uk offer free consultations?

Yes, Computaccounting.co.uk states that initial consultations are free of charge, allowing potential clients to discuss their business format and tax efficiency needs.

What is the significance of Computaccounting.co.uk being a Platinum QuickBooks Advisor?

Being a Platinum QuickBooks Advisor signifies a high level of expertise and partnership with QuickBooks, indicating that Computaccounting.co.uk is highly proficient in setting up and operating this widely used accounting software for clients.

Does Computaccounting.co.uk provide support for Making Tax Digital (MTD)?

Yes, Computaccounting.co.uk has a dedicated section explaining MTD for VAT and ITSA, and they assist businesses in becoming compliant by leveraging MTD-compatible software like QuickBooks.

Are there any ethical concerns with Computaccounting.co.uk for Muslim clients?

Yes, a potential concern is their partnership with conventional banking services like Tide, which typically involve interest (riba). The website does not explicitly mention Sharia-compliant services or adherence to Islamic financial principles, which may be a drawback for Muslim clients seeking interest-free financial management.

Can I get QuickBooks support directly through Computaccounting.co.uk?

Yes, licenses available through Computaccounting.co.uk come with QuickBooks Award-Winning Support for free via telephone, online, or chat, in addition to their own support.

How do I cancel a Computaccounting.co.uk subscription?

The website does not detail a specific online cancellation process. Typically, you would need to review your service agreement for notice periods and contact them directly via email ([email protected]) or phone (01643 709 900) to initiate cancellation and arrange for data transfer.

What is the “soft-landing period” for MTD for VAT?

The “soft-landing period” for MTD for VAT was a grace period that ended on 1st April 2021, after which businesses were required to have full digital links for their VAT return submissions, meaning no manual manipulation of spreadsheets or copy-pasting. Bristolcoachhire.co.uk Review

Does Computaccounting.co.uk handle personal tax returns for individuals?

Yes, their pricing plans indicate that they handle personal tax returns, with different tiers allowing for one director, two directors, or unlimited directors for limited companies, and one tax return for self-employed plans.

Where is Computaccounting.co.uk located?

Their office location is Rapid House, Mart Rd, Minehead TA24 5BJ.

How does Computaccounting.co.uk help new start-ups?

Computaccounting.co.uk supports new start-ups by offering free initial consultations to advise on the best business format, and they have partnerships (e.g., with Tide) to assist with limited company and bank account setup.

What is the difference between Computaccounting.co.uk’s “Self Employed” and “Small Business” plans?

The “Self Employed” plan is £47/month for up to 25 monthly transactions and includes VAT returns, while the “Small Business” plan is £67/month for up to 50 monthly transactions, includes accounting software and a dedicated account manager, but curiously omits VAT returns (as per the website’s listed features).

Does Computaccounting.co.uk provide advice on specific tax schemes like SEISS?

Yes, the website features detailed information on past Self-Employed Income Support Scheme (SEISS) grants (e.g., 4th and 5th grants), indicating their awareness and likely advisory capacity regarding government support schemes.

How long has Computaccounting.co.uk been in business?

Computaccounting.co.uk has been in business for 30 years, celebrating this milestone in 2021.

What are the main advantages of using Computaccounting.co.uk over direct cloud software?

Computaccounting.co.uk provides professional expertise, advisory services, and handles the complexities of tax and compliance that a business owner might not have the time or knowledge for, beyond simply using cloud software like QuickBooks.