Business Details
19 Years
experience
Your Trusted Accountants in Preston
Established in 2007, Cheap Accounting is a network of fully qualified accountants and tax professionals dedicated to providing professional accountancy services to self-employed individuals and small businesses. Our associates, all self-employed business owners themselves, operate under the Cheap Accounting brand, offering direct access to qualified experts who understand the unique challenges faced by clients.We prioritise transparency, regulatory compliance, and the use of industry-standard software, ensuring clients receive reliable, cost-effective support tailored to their needs. With a focus on technology and education, we empower clients to navigate tax obligations confidently while maintaining strict adherence to professional standards and client confidentiality.
Services
Accountancy Services
Tax Returns
Payroll Processing
VAT Registration
Capital Gains Tax
Details
- Year established: 2007
Highlights and features
- We offer direct access to qualified, regulated accountants with industry-specific expertise.
- Our associates hold professional indemnity insurance and comply with anti-money laundering regulations.
- Transparent pricing with no hidden fees or outsourced services.
- Specialised support for Making Tax Digital (MTD) compliance and cloud accounting integration.
- Proven track record serving over 4 million sole traders and small businesses since 2007.
What people say
Cost-effective services
Qualified accountants
Regulatory compliance
Technology integration
Direct expert access
Services
Accountancy Services
We provide comprehensive accountancy services tailored to limited companies and sole traders, including statutory accounts, tax returns, and compliance filings. Our cloud-based solutions ensure real-time financial management, while our qualified associates deliver personalised advice to optimise tax efficiency and regulatory adherence for businesses of all sizes.
Tax Returns
Specialising in self-assessment and corporate tax returns, we ensure accurate and timely submissions to HMRC. Our experts handle complex scenarios such as property disposals, overseas income, and high-income child benefit charges, guaranteeing compliance while maximising allowable reliefs and minimising liabilities for individuals and businesses.
Payroll Processing
Our payroll services manage monthly salary disbursements, tax deductions, and NI contributions for limited companies. Integrated with cloud accounting systems, we ensure compliance with real-time information (RTI) requirements, while providing payslips and year-end documentation to streamline employer obligations.
Capital Gains Tax
We prepare and submit residential property capital gains tax returns within statutory deadlines, calculating liabilities and advising on payment timelines. Our specialists handle inherited properties, holiday homes, and rental portfolios, ensuring compliance with HMRC's 60-day reporting rule and mitigating penalties for late filings.
Making Tax Digital
We assist businesses transitioning to HMRC's MTD regime, implementing quarterly updates and digital record-keeping. Our cloud accounting integrations with FreeAgent, Xero, and QuickBooks ensure seamless compliance for self-employed individuals and landlords, reducing administrative burdens while maintaining audit-ready records.
People
Elaine Clark
Founder
Chartered Accountant Elaine Clark launched Cheap Accounting in 2007. A recognised industry influencer, she chaired Women in Accountancy groups and judges accountancy awards, driving innovation in cloud accounting and MTD compliance.
Norman Elliott
Capital Gains Tax Expert
With over 30 years in public practice, Norman specialises in residential property capital gains tax. Formerly with international firms, he guides clients through HMRC's 60-day filing requirements, leveraging expertise in compliance and tax mitigation strategies.
Questions
What accountancy services do you offer for limited companies?
We provide year-end accounts, corporation tax returns, monthly payroll, and MTD compliance solutions tailored to limited companies, starting from £85 annually.
Do you support cloud accounting software?
Yes, we integrate with FreeAgent, Xero, QuickBooks, and Sage, ensuring seamless data sharing and real-time financial management for clients.
How do you handle property capital gains tax returns?
We prepare and submit HMRC-compliant returns within 60 days of property disposal, calculating liabilities and advising on payment deadlines for residential properties.
Are your fees inclusive of VAT?
No, VAT is added to all fees. Specific service costs are outlined in our transparent pricing structure without hidden charges.
What makes CheapAccounting.co.uk different from other firms?
We offer direct access to regulated, insured accountants, transparent pricing, and technology-driven solutions tailored to self-employed individuals and small businesses.
