Your Budget-Friendly Option
Affordable Accounting Services for Electricians in London
We know every penny matters to your business. Whether you’re a solo electrician or managing a small team, Faal’s affordable accounting services ensure you get expert support without the hefty price tag.
Who We Help with Affordable Accounting
Limited Companies
- For electrical businesses with teams or apprentices.We handle your accounts, taxes, and payroll, so you can focus on projects, not paperwork.
Contrctors / Freelancers
- For electrical businesses with teams or apprentices.We handle your accounts, taxes, and payroll, so you can focus on projects, not paperwork.
Partnerships
- For electrical partnerships. We manage shared accounts, tax filings, and financial records, so you and your partner can focus on your business goals.
Limited Liability Partnerships (LLPs)
- For electrical LLPs. We manage VAT, payroll, and financial records to ensure taxes are filed on time, keeping your business financially secure.
Sole Traders / Individuals
- Perfect for solo electricians handling service calls and installations.We handle your income, expenses, and tax returns, simplifying the process while you focus on the work.
Our Accounting Packages
Tailored to Fit Your Needs and Budget
Bookkeeping & Record Management
From £40 £20 per month
- Tracking daily financial records
- Reconciling your bank transactions
- Managing incoming and outgoing bills
- Organizing your spending
- Following up on overdue invoices
Tax Preparation & Compliance
From £40 £20 per month
- Filing income tax returns
- Preparing VAT returns
- Maximising tax deductions
- Ensuring tax compliance
- Organizing tax documents
Payroll Management Services
From £40 £20 per month
- Calculating employee wages
- Managing employee benefits
- Handling tax deductions
- Ensuring timely payments
- Generating payslips for employees
Financial Planning & Budgeting
From £40 £20 per month
- Forecasting income and expenses
- Setting annual budgets
- Tracking business cash flow
- Analysing financial goals
- Reviewing monthly financials
Business Structure Advice
From £40 £20 per month
- Advising on business structure options
- Assessing tax benefits
- Minimizing personal liability
- Guidance on ownership
- Helping with structure registration.
Cash Flow Management
From £40 £20 per month
- Monitoring incoming payments
- Managing outgoing expenses
- Forecasting cash flow needs
- Tracking overdue invoices
- Ensuring bills and payroll are paid.
Get the Best Accounting Services, Without the High Price Tag
Hear From Our Satisfied Clients
"I never realized how much I was missing until I switched to this accounting service! As a plumber running my own business, keeping track of finances was always a headache. But now, it's all streamlined, and I actually feel on top of things. Highly recommend it to anyone in the trades!"
-Chris D
Sole Plumber
"Running a plumbing company comes with enough challenges, and handling finances shouldn't be one of them. The team here helped us optimize our cash flow and get our taxes sorted without any hassle. It’s been a game-changer for our business, and we can finally focus more on what we do best."
-Sarah M
Owner of M&L Plumbing Services
"I was skeptical at first, but the team made everything so easy. As a plumber who's just starting out, trying to figure out taxes and expenses was overwhelming. They've made it simple and I’m saving way more than I thought I would. Definitely a must-have service for anyone in the trade."
-Tom R
Freelance Plumber
Your £30 Solution
Accounting Services Under £30
for Electricians
- Tracking Job-Specific Expenses.
- Reconciliation of Bank Statements.
- Managing Accounts Payable/Receivable.
- Managing Subcontractor Costs
- Organising Expenses for Tax Deductions
- Supplier Payment Management
- Mileage & Job-Related Travel Expenses.
- Payroll Management for Crew
From small jobs to big projects, electricians trust us to handle the finances so they can keep their businesses running efficiently.
Get a Callback Today:
Let’s Work on Your Next Move
Start Freelancing Right
4 Things to Keep in Mind
- Choosing Your Business Setup Whether you’re a sole trader, in a partnership, or running a limited company, your choice impacts taxes, liability, and admin requirements.
- Licenses and Certifications Ensure you have the necessary qualifications, industry certifications, and licenses to operate legally and comply with health and safety standards.
- Estimate your Start up CostsConsider initial expenses like tools, insurance, vehicle costs, and marketing to ensure your budget is prepared for the first few months.
- Reliable Accounting System Implementing a solid bookkeeping system early helps manage income, track expenses, and file taxes efficiently, keeping your business financially organised.
Taking care of everything by yourself can be stressful. Our accountants, always updated on the latest rules, are here to simplify company formation and tax filing, giving you a trusted partner to rely on.
Switch To Us Under £30 in Just 3 Steps
Sign Up
Fill out a quick online form to kickstart the process, and let us know what you need.
Upload Docs
Provide necessary financial documents, such as bank statements or receipts, through our secure portal.
Relax
We’ll take it from here—our experts will handle your accounts and keep you compliant, so you can focus on your plumbing business.
Electrician Business
Initial Exploration Form
FAQs
What Tax Deductions Should London Electricians Be Aware Of?
When and How Should Electrical Businesses in London Register for VAT?
3. How Can I Manage Cash Flow in My Electrical Business?
What Are the IR35 Rules for Contract Electricians?
How Should I Price My Electrical Services in London to Account for All Costs?
How Does Equipment Depreciation Affect an Electrician’s Taxes?
Electrician Business
Initial Exploration Form
Contacting us is easy, just fill out the form, and our representative
will contact you for the details related to the services you need.