UK - A new online accountancy service, Accountsnet.co.uk has been launched to provide internet accounting to sole traders, partnerships and small limited companies. The system creates a virtually paperless office and covers all the usual accountancy offerings such as VAT, Tax and National Insurance contributions and payroll.

A team of chartered accountants is on hand to answer business queries; the company says the online service is fast, transparent and easy to use. Any PC with internet access can be used to securely enter transaction detail from the usual source documents such as invoices, receipts and chequebooks. Starting from a little as £20 per month for sole traders and £60 per month for limited companies, users can have a full set of year end accounts, payroll bureau, dividend administration, professional dealing with HMRC and Companies House, calculation of VAT / Tax & NI returns and unlimited advice and support.

Accountsnet has been developed by a team comprising of experienced accountants and internet software engineers, and provides sole traders and freelance businesses a way of viewing and updating their accounts online.

Andrew Phee, operations manager explains: "We wanted to provide a service that was easy to use and which gave new businesses a clear idea of budget, expenditure and income. Since we launched, we are finding that more people are changing their approach and online accounting fits in perfectly with the forward move in technology. So many people are now moving to online banking, wireless networking and using broadband that it seems a logical step to take accounting in that direction too."

Other online services include self-assessments, which can be submitted online for £85 plus VAT. "Freeing up time for small businesses, reducing investment in expensive software, providing accurate accounting data and timely advice are the key benefits for users. The service allows them to do what that want to do - run their business without the headache of filing forms on time," concludes Phee.

(Sarah Rushton-Read)


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