Fees

Self assessment tax return preparation and submission
Preparation of rental statement
Vat return preparation
Payroll services
Book keeping services
Preparation of accounts

Partnerships may require the same services as a sole trader but each partner is required to complete a tax return and the partnership itself has to complete a partnership return. So if a partnership has two partners three tax returns will need to be completed.
It is worth noting that where tax returns are not submitted for a partnership then both partners each get a £100 fine for non submission and then each get a £100 fine for non submission of a partnership return – a massive £400 fine that is avoidable if the deadline is met.

Self assessment tax return for all directors (all directors of a limited company are required to register and complete a self assessment tax return)
Vat return preparation
Payroll services (directors are employees)
Book keeping services
Preparation and submission of accounts to registrar and HMRC
Preparation and submission of form CT600 to HMRC (company tax return)
Preparation and submission of confirmation statement to Companies House

Monthly paid employees – per employee £3.20 plus £15 quarterly admin fee Weekly paid employees – per employee £2.00 plus £10 monthly admin fee Preparation and submission of form P35 employers annual return £75.00 Preparation of form P60 end of year certificate £9 per employee

PAYROLL CHARGES


HMRC are adopting a new approach to operating PAYE and in doing so all PAYE information is required to be reported in real time - RTI (Real Time Information).
Taking into account the extra work involved and increased software costs, we have adopted a standard and simplified approach to our charges.


MONTHLY PAYROLL
For the first employee a standard fee of £15.00 per month will be charged. Each additional employee will be charged at a standard fee of £5.00 per month.

Example:
1 employee = £15.00 per month
3 employees = (£15.00 x 1) + (£5.00 x 2) = £25.00 per month
7 employees = (£15.00 x 1) + (£5.00 x 6) = £45.00 per month


WEEKLY PAYROLL
For the first employee a standard fee of £21.00 per month will be charged. Each additional employee will be charged at a standard fee of £11.00 per month.

Example:
1 employee = £21.00 per month
3 employees = (£21.00 x 1) + £11.00 x 2) = £43.00 per month
For employers with more than 3 employees please contact us for a quote.
In order to comply with GDPR, we also provide an online platform for all employers/employees to use in order to view/print their payslips and P60’s.  There is a small charge for his facility.


CONTRACTOR RETURNS
The completion and submission of Contractor Returns will be charged at £10 per month

All prices are exclusive of VAT which will be charged at the prevailing rate (currently 20%).

WHAT IS INCLUDED IN OUR FIXED CHARGES:
• The setting up of a payroll scheme (if required)
• Provision of payslips for all employees including a payroll summary
• Calculation of tax and national insurance deductions due to HMRC (either monthly or quarterly)
• Entering new employees and processing leavers
• Calculation of statutory payments (sick pay, maternity pay, paternity pay)
• Implementing any wage adjustments (e.g. CSA deductions or those by Court Order)
• Provision of P60s at the tax year end for the employees retention


WHAT WE REQUIRE YOU TO DO:

• Provide us with the necessary information for the wages to be prepared, particularly if they change on a regular basis
• Ensure this information is received in good time prior to the payroll processing date
• Respond promptly to any requests for information


Our charges will generally be invoiced on a quarterly basis.

Various payment options are available. You may wish to set up a standing order to spread the cost throughout the year.

If you wish to discuss any of the above or require any further information please do not hesitate to contact us.

Initial book keeping lesson is free where requested. Book keeping done by our staff is charged at £22 per hour although you can request a fixed fee quote.

Preparation of Vat returns on average cost between £70 - £120 depending on the complexity and accuracy of the records and may involve some book keeping.
If you wish us to submit your vat return on your behalf from your workings there is a small charge of £15 per quarter. We do not check the accuracy of your figures at this stage and cannot be held liable for any errors in the records.
This is a filing only fee.

Sole trader/partnership accounts – depending on the work done by the client the average cost for accounts are approximately:-

£80 - £120 for subcontractors/rental statements

£350 for smaller shops and tradesmen

£350 upwards for larger vat registered businesses with many transactions/employees


Limited company accounts – depending on the work done by the client the average cost for limited company accounts are approximately:-

£250 - £300 for one director small companies with one or two employees

£300 - £600 for larger companies that are vat registered and have more than two employees

£600 upwards for larger companies whose records are more complex and/or time consuming and require more experienced staff

Tax returns preparation and submission £70-£100

Company formation £120 – includes all statutory paperwork and submissions to HMRC and Companies House

Preparation and submission of confirmation statement £33 (includes Companies House fee)

General tax planning is usually carried out on review of the accounts and incurs no extra cost. Where consultancy is required for a specific purpose outside of the normal course of accounts preparation the cost is £70 per hour.

General business telephone support incurs no extra cost. Where business support is required for a specific purpose outside of the normal course of accounts preparation the cost is £70 per hour.

Business plans for small businesses usually cost in the region of £400 - £600 depending on the complexity of the calculations and the time involved. We can supply an estimate of costs if required before the work is carried out.