MBS Essentials

Accounting made simple.
Prices made clear.

Straightforward accounting, bookkeeping and tax for small limited companies. Know what you’re paying, understand what’s included and get an indicative quote in minutes.

Essentials, at a glance

  • Annual accounts and corporation tax
  • Bookkeeping, with document capture software
  • VAT returns, payroll and personal tax when you need them
  • One clear monthly fee, quoted upfront
  • A real accounting team behind it
Who it’s for

For small limited companies that want it done properly.

MBS Essentials is a lower-touch way to work with MBS Accountants. The same standards and the same team, with a simpler, more streamlined service and a price you can see before you speak to anyone.

A good fit if

  • You run a small UK limited company
  • Your turnover is up to £500,000
  • Your accounting needs are fairly straightforward
  • You want your books, accounts and tax handled for one clear monthly fee
  • You’re happy working online

Probably not the right fit if

  • You need monthly management accounts or regular review meetings
  • You run a group or several connected companies
  • Your turnover is over £500,000

For those, our tailored accounting service is built around you.

Bookkeeping managed by MBS

Let us keep your books, and everything else gets easier.

Books kept up to date

Your bookkeeping is done through the year, not rushed at the year-end, so your numbers are there when you need them.

Fewer year-end surprises

When we keep the books, the accounts are built on records we already know, so there’s less to chase and fewer questions for you.

VAT from accurate records

VAT returns are prepared from the same records we keep, and checked against them.

A lower accounts fee

Our quoted accounts fee already includes a reduction when MBS keeps your books.

Document Capture Software

Less forwarding, uploading and chasing paperwork.

When we keep your books, we add Document Capture Software. It looks for the invoices and receipts that arrive in your email and gathers them for your bookkeeping, so there’s far less for you to send us each month. Anything that doesn’t arrive by email, you can still pass to us as usual.

Document Capture Software is £20 a month, shown separately in your quote.

  1. 1

    Connect your email

    Securely connect the email account your invoices and receipts arrive in.

  2. 2

    It finds your documents

    It looks for invoices and receipts in your inbox and collects the ones it identifies.

  3. 3

    Ready for your bookkeeping

    Your documents are organised in one place, ready for us to process.

What’s included

Everything a small limited company needs to stay on top of things.

Annual accounts and corporation tax

Prepared, filed with Companies House and HMRC, and explained in plain English.

Always included

Bookkeeping and document capture

Your books kept up to date through the year, with Document Capture Software gathering invoices and receipts from your email.

Recommended

Confirmation statement

Your annual Companies House confirmation statement prepared and filed.

Always included

VAT returns

Prepared and submitted under Making Tax Digital, if you’re VAT registered.

If you need it

Payroll

Director-only or employee payroll, with pension submissions if you need them.

If you need it

CIS returns

Monthly Construction Industry Scheme returns if you pay subcontractors.

If you need it

Personal tax returns

Self Assessment returns for the directors who need one, including those with rental income.

If you need it

FreeAgent or Xero

FreeAgent as standard, free with an eligible business bank account, or Xero at £39 a month.

Your choice

Not part of Essentials: monthly management accounts, regular review meetings, tax planning projects and catching up historic bookkeeping. These are available through our tailored service.

Instant quote

Get your indicative quote in about two minutes.

Answer ten quick questions about your company. Your price builds as you go, and there’s no need to give us your contact details unless you want to.

  1. 1 Your business
  2. 2 VAT & bookkeeping
  3. 3 Payroll & tax
  4. 4 Software & dates
  5. 5 Your quote

About your business

Annual turnover
Getting started

How onboarding works.

  1. 01

    Send us your quote

    When you’re happy with your indicative quote, send it to us with your contact details.

  2. 02

    We confirm the details

    We check your company details and records, confirm your fee and answer your questions. We also carry out the identity checks every accountant is required to make.

  3. 03

    Agree and switch

    You agree our engagement letter. If you have an accountant, we handle the professional handover and get authorised with HMRC.

  4. 04

    Get set up

    We set up FreeAgent or Xero and your document capture, agree your start date and take it from there.

Questions

Frequently asked questions.

Something else? Mention it with your quote, or contact us.

What is the first-year accounts adjustment?

We charge for your annual accounts and corporation tax monthly. If you join partway through your financial year, we still prepare the accounts for the whole year, so there’s a one-off adjustment to cover the months before we started: your monthly accounts fee multiplied by the number of months that had already passed. It covers your accounts only. Your quote shows the calculation, and you can spread it over your first six monthly payments or pay it upfront.

Is the quote a fixed price?

It’s an indicative quote based on what you tell us. We confirm the final fee once we’ve checked your business details, your records and the services you need. Nothing is binding until you’ve agreed our engagement letter.

Is FreeAgent really free?

FreeAgent is free with some business bank accounts, depending on the bank and its conditions. If your bank doesn’t qualify, we’ll tell you before you commit, and you can choose Xero instead.

Can I keep my own books?

Yes. Choose that option in the quote builder. Your records will need to meet our standards, and substantial historical corrections may be charged separately. The accounts fee is a little higher than when we keep your books, because we do more checking at the year-end.

What if my bookkeeping is behind?

Your quote assumes your records up to the start date have been kept to a reasonable standard. If they need significant work, we’ll talk to you and agree any extra fee before doing anything.

Can I switch from my current accountant?

Yes. We handle the professional handover with your current accountant, get authorised with HMRC and collect what we need. Our guide to how to change accountants explains the process. Read the guide.

What if my business needs more than Essentials?

Essentials is for small limited companies with straightforward needs. If you’d like management accounts, regular meetings or more involved advice, or your turnover is over £500,000, our tailored accounting service is the better fit.

Do your prices include VAT?

No. All Essentials prices are shown excluding VAT, which is added to our invoices.

Need more support?

Tailored accounting for growing and more complex businesses.

More personalised accounting, management information and financial guidance, built around your business.

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