ANNA Money

ANNA Money: business bank account with automated tax management

ANNA Money is a UK business bank account that integrates bookkeeping and tax filing with HMRC automatically. The company presents itself as an all-in-one app that lets you register your business, send and chase invoices, do your bookkeeping and file VAT, Corporation Tax and MTD Self Assessment. According to its data, more than 100,000 business owners use its services.

Key services

The platform is designed for sole traders, startups and limited companies. Its features include:

• Company registration, including same-day registration and ecommerce business registration.
• Automatic bookkeeping: matching expenses to transactions and automatic categorisation of documents.
• Invoicing: creating quotes, sending invoices, payment links and QR codes, with automatic chasing of unpaid invoices.
• Tax management: calculation and filing of VAT, Corporation Tax, PAYE and MTD Self Assessment, with a bespoke tax calendar and reminders.
• International payments with a dedicated IBAN number and currency conversion from 0.5%.
• Pots (money organisation spaces) and bulk payments, Direct Debits and scheduled transfers.
• Extra expense cards for employees and co-directors.
• Up to 40% cashback on over 150 products and services.

Plans and pricing

The company offers several plans starting at £0 per month, with the option to pay only for the services you use. The plans are:

• Free: £0 per month, unlimited outgoing transfers, first £1,000/month incoming free (then 0.95%), 1 card, savings up to 3.66% AER (promotional rate for the first 3 months), free MTD ITSA filing and free Auto Accountant for the first 4 months (then £29/month).
• Grow: £12.90 per month + VAT, 15 transfers per month (then 27p), 2 cards, savings up to 3.66% AER, free MTD ITSA filing and free Auto Accountant for the first 4 months (then £29/month).
• Business: £22.90 per month + VAT, first month free, 60 transfers per month (then 20p), 5 cards, savings up to 3.66% AER, free MTD ITSA filing and free Auto Accountant for the first 4 months.
• Big Business: £59.90 per month + VAT, unlimited transfers and cards, savings up to 3.66% AER, free MTD ITSA filing and free Auto Accountant for the first 4 months.

If you don't use your account for a month, you don't pay the monthly fee for that month.

Auto Accountant and +Taxes

The Auto Accountant service does your bookkeeping, calculates your taxes and lets you file them with HMRC. The +Taxes option includes automatic VAT Return calculation, bookkeeping assistant, bespoke tax calendar, VAT Return preparation and filing, cash and accrual basis accounting, confirmation statements, complete Corporation Tax, payroll and PAYE calculation and payment, and smart pots linked to tax calculations.

Integrations and payments

The platform connects with external integrations and lets you accept card and online payments. International payments are made with a dedicated IBAN number and currency conversion with a fee from 0.5%.

Customer service

ANNA Money offers 24/7 customer service with an average response time of under 50 seconds. The company describes itself as an award-winning company based in Cardiff with a focus on ease of use.

Company registration

In addition to the bank account, ANNA offers company registration services, including same-day registration, ecommerce business registration, landlord registration, company secretary service, Companies House identity verification, VAT registration and virtual office.