Managing my side hustle’s compliance on top of a full-time job seemed impossible until I found Pennyhills. They’ve handled everything – accounts, tax, deadlines – discreetly and perfectly, without ever disturbing my main work. It’s been an absolute lifesaver!
Case Study
Side hustle getting compliance done!
Estgrace Ltd
Industry: Consultancy
Location: North London
Est. 2023
Team Size: 1
Streamlined Annual Compliance for Side Hustle Businesses
The Challenge
Estgrace Ltd was established in 2023 as a side hustle for its ambitious owner, who also manages a demanding full-time job. While passionate about growing her venture, the owner faced the daunting task of ensuring full compliance with statutory obligations, specifically filing annual accounts and Corporation Tax returns. Her primary concern was to secure sound, efficient compliance services that would completely remove the administrative burden and the hassle of managing these tasks herself, crucially, without disturbing her full-time professional commitments. She needed a proactive accountant who could handle everything seamlessly and discreetly.
Pennyhills’ Solution
Pennyhills partnered with Estgrace Ltd to provide comprehensive and streamlined annual compliance services, perfectly tailored to the needs of a busy side-hustle owner. Our solution focused on:
Hassle-Free Onboarding & Data Collection
We ensured a simple and efficient onboarding process, guiding the owner on what information was needed without requiring extensive time commitment. We established clear, minimal touchpoints for data exchange, respecting her busy schedule.
Expert Annual Accounts Preparation
Our team meticulously prepared Estgrace Ltd’s annual statutory accounts, ensuring full compliance with UK accounting standards and Companies House filing requirements.
Accurate Corporation Tax Return Filing
We expertly prepared and submitted the company’s Corporation Tax return to HMRC, identifying all applicable reliefs and allowances to ensure tax efficiency.
Proactive Deadline Management
Pennyhills took full responsibility for monitoring all filing deadlines for both Companies House and HMRC, proactively completing and submitting documentation well in advance, giving the owner complete peace of mind that she would not be disturbed by urgent requests or missed deadlines.
Minimal Client Disturbance
Our communication strategy was designed to be highly efficient and respectful of the owner’s full-time job. We aimed to handle all complexities behind the scenes, presenting clear summaries and only requiring input when absolutely necessary, thus allowing her to focus on her primary career and her growing side hustle.
Key Results & Impact
By choosing Pennyhills, the owner of Estgrace Ltd gained invaluable peace of mind and complete freedom from the administrative burden of company compliance. Pennyhills delivered sound, efficient, and hassle-free annual accounts and Corporation Tax return filing, allowing the owner to confidently manage her side hustle knowing all statutory obligations were expertly handled. This seamless support ensured she remained fully compliant, while crucially, her full-time job remained undisturbed, empowering her to focus her limited spare time on growing her business.
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