Banking, Insurance & Software

We can introduce you to a selection of excellent service providers for your new company formation with software, banking, payment and insurance services.

We have support services suited to your business.

To ensure that your new company is up and running as soon as possible, we have agreements with several finance related organisations.  

As part of the incorporation process, you will see that you can choose from these as required.  Our systems will then directly issue a referral on your behalf.  

Within a matter of days, you should be contacted by that organisation, in order to discuss your requirements in detail.  In addition, any of these services can be ordered after incorporation, but only for companies we have incorporated.

There is no obligation to take up any offers and all are subject to status.

The referrals we offer are  briefly listed below, but more detail can be found by clicking on the links on the menu on the right of the screen.

When operating a business it is a requirement that Business Banking is operated in separate accounts from personal banking.

Murphy Thompson Moore have referral processes for a selection of UK banks.  

During the incorporation you will be offered a choice of these, should you require them.  Simply click on the Select button next to the one you choose.  

Upon incorporation a referral will be automatically sent to the appropriate organisation.  You should then receive direct communication in order to discuss your requirements.  

These are subject to status and the Terms & Conditions of each bank.  

Merchant Account from Worldpay

Worldpay is the UK’s largest UK based merchant acquirer and the trusted payments partner of many of the UK’s largest retailers, along with 250,000 small and medium sized businesses.  On a typical day they process around 31 million transactions.

Worldpay prides itself on being the best payment processor in the UK, offering your customers the option to pay quickly and securely using their debit and credit cards; in person, online, over the phone or by email.  They have a 24 hour UK based telephone support team.

  • Improved customer experience
  • Increased takings – many customers increase their spend when paying with a card
  • Improve your firm’s credibility
  • Boost staff productivity – it’s easier for staff to process card payments than handle cash
  • Improve cash flow – money is processed straight into your business bank account


Maximise your sales by enabling customers to pay online through your website with Worldpay Online Payments.  Your business can accept safe and secure card payments in multiple currencies.  The Worldpay team of experts can get you started and trading online quickly.

Worldpay makes your invoicing and payments easy, with simple links sent directly to your customers by email.

Taking card payments over the phone has never been easier with Worldpay.  Take payments quickly and securely with Virtual Terminal.  All you need is an internet connection and a secure web browser.

With the Worldpay Benefits Club you’ll get free access for one year to the best business benefits, including huge discounts on major brands, access free world-class educational content and exclusive access to select business events.

Simply select Worldpay before you check out and you will receive a call from Worldpay who will arrange an appointment with one of their payment specialists.

All businesses are required to keep accurate, up-to-date, records of all financial transactions.  

The most efficient way to do this is to use computerised software, specifically designed to do the job.  

There are many options, but Murphy Thompson Moore have referrals in place with two companies, Xero and KashFlow.

Around 40% of small businesses don’t have the right level of insurance.  Whatever your business, whether at home, in a shop, office or other premises; if you’re selling something or providing a service, you need business insurance.

Murphy Thompson Moore LLP have been approved as an Introducer Appointed Representative by UK Insurance Business Solutions Limited (UKIBS), who have direct links with some of the leading Business Insurance brands.  UKIBS is authorised and regulated by the Financial Conduct Authority and assumes responsibility for all regulated activities performed by us.

To enable an introduction for your company, it is a simple matter of making a selection at the time of incorporation, from our range of services.

Below are further details of the two, instantly recognisable, insurance brands which are currently available.  All you have to do is tell us which brand you prefer and you will be contacted directly, 1-2 days post-incorporation.

Churchill believe in being there for you.   Their experts are on hand to help businesses like yours get the level of cover you need, and their personal claims handlers are there to support you every step of the way, should you need to make a claim.  They even offer a 10% discount on Churchill Business Insurance to existing Churchill policy holders (introductory offer, minimum premiums apply.)

For business insurance that gets the job done, you can depend on Churchill.

They Offer:

  • 10% discount on Churchill Business Insurance for existing Churchill policy holders (introductory offer, minimum premiums apply)
  • If you have been claim free for a year or more, you may be entitled to a No Claims Discount
  • Public Liability (up to £10 million subject to terms & conditions)
  • Employers’ Liability (up to £10 million)
  • Optional extras for tradesmen such as Personal Accident, Business Stock and Equipment Insurance
  • Access to free 24/7 legal helpline
  • A personal claims handler with every claim to support you from notification to settlement
  • 24 hour access to your online policy documentation to view as and when you require
 
 
 

Direct Line for Business have over 400,000 policyholders nationwide.  They know that your business is your livelihood and that the right type of cover is vital.  That’s why they offer a range of insurance solutions for a variety of businesses and allow you to tailor cover to suit your needs.

They offer:

  • Public Liability Insurance (up to £10 million – qualifying criteria applies)
  • Professional Indemnity Insurance (up to £2 million)
  • Home Business Insurance
  • Shop Insurance
  • Office and Surgery Insurance
  • Guest House Insurance
  • Pub and Restaurant Insurance
  • Van Insurance
  • Access to their online knowledge centre
  • Access to their 24/7 legal helpline
  • Access the their online customisable legal document service (excluding Hotel, Pub and Restaurant, and Van and Professional Indemnity policies) where you can draft essential documents to be reviewed and amended by a solicitor to give you peace of mind
  • No admin charge if you want to make changes to your policy as your business grows


Direct Line guarantee to beat the price of any other insurer for the equivalent cover (Excludes Van Insurance.  New customers only.  Cover on a like for like basis.  Qualifying criteria apply).

Some of our well known banking partners.

Bank Referrals and offers vary. Subject to availability. Subject to status. Providers terms and conditions apply. 

Need some advice? Give us a call for a friendly chat on 0161 835 2080

Many accounting firms offer a very simple but limited service. They will prepare your accounts from your accounting records and produce sets of reports to comply with your obligations.

Although this is fine, we believe that you would like a better service.

If you engage Murphy Thompson Moore as your accountants, we will fullfill the accounting needs and build a complete picture of your businesses financial position as we do this.  We’ll also prepare meaningful reports that explain the detail behind the numbers and what this means for the future of your business.

We will discuss the financial progress of your business at regular meetings or telephone conferences.

Your records can be informative about the recent past, but they can also serve as a useful guide to the coming year by helping you pick out trends and prepare for the year ahead.

We can carry out our work for you using cloud accounting software or desktop software. Where we use cloud accounting software, you will be able to log in to your accounting records and work entirely independently of any work we may be doing for you. If you have desktop accounting software we can connect remotely using Remote Desktop or other similar software.

If you are in business you need to keep up to date business records, ensuring you comply with HMRC's requirements. These requirements include ensuring your records up to date by regular maintenance and are never more than three months behind at any time.

At Murphy Thompson Moore we can deal with the maintenance of your records for you.  Alternatively we can assist you with software and training to enable you to undertake this task yourself.   We can tailor our working processes to suite your needs by using either desktop or cloud based accounting software.  For smaller businesses, custom spreadsheets can make your records much more easy to manage.  We can advise as to the best system for your business.

Some clients prefer to concentrate solely on their business and will rely on us to provide a complete bookkeeping and accounting package. We’re very happy to meet this requirement as part of our service which can be incorporated in our fixed fee service.

For VAT registered clients, we can maintain your records as part of our VAT preparation and filing service.

If you wish to discuss how we can help you maintain your business records, please Contact us for a discussion and we will be happy to advise.

If you have employees, you will need to operate payroll. You can do this using a payroll bureau or you can ask us, as your accountants, to do this for you.

Payroll requires regular, efficient calculation of pay due and submission of payment information to HMRC on or before payment is made. The current system required by HMRC is called RTI. This stands for Real Time Information.

An added complexity of employing staff is that you now need to set up a Workplace Pension Scheme.  For many employers this can be a daunting prospect.  Considerable preparation is involved and if you have a “staging date” (which means you have been notified of the date by which you must have a work place pension in place by the Pension Service, you need to act now)

Payroll and set up of work place pensions are best handled by your accountant. There are a number of providers in the market and costs can vary significantly. So can the value of contributions to your employees eventual pension.

We recommend an early discussion with Murphy Thompson Moore so that we can assess your current position, determine if you need a payroll scheme and whether or not you need to have a work place pension.

We can run your payroll efficiently and in line with your normal pay frequencies. Our simple monthly fee covers all pay runs, leavers and joiners and end of year processing.

If you already have a payroll scheme and are considering a transfer, please be reassured that transfer of an existing payroll is handled by our team for you, leaving you free to concentrate on your business.

The profits of your business are subject to tax. The tax you pay will depend on the structure of your business.  For limited companies profits are taxable under the corporation tax system, whereas sole traders and partnerships are dealt with in the self-assessment system.

As a director of a company you will have to file a tax return.

As a client of Murphy Thompson Moore, operating through a limited company, you can expect a service which includes the preparation your accounts, corporation tax return and all tax computation.

As a client of Murphy Thompson Moore, operating as a Partnership, we will prepare the partnership accounts, the partnership tax returns and the individual partners tax returns.

For Sole Traders, we will prepare the Self Assessment tax return.

As part of our service, we will look at your business profits and offer you advice on the most tax efficient way to extract profits from your business. Our advice will be straightforward and in plain English. We do not promote or advocate any tax saving schemes.

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