Business services for the Self-Employed
We provide a range of different services for the self-employed, trading ether as a Sole trader or through a Partnership structure.
Some businesses may only require year end accounts and tax work, others may require the whole package with ongoing business support.
Most services we provide are priced according to the size of the business. The typical fees charged are set out below. More details on what is included in each service provision, further down the page. We also provide a payroll service.
Fees for year end work are charged on an annual basis, but if ongoing support through the year is required, for book keeping, QuickBooks, VAT work, or payroll then the fees are charged monthly.
Please contact us to get a bespoke quote for your business
Annual Accounts Service
For business owners who just require accounts and tax return at year-end
From £440
- Year-end Accounts (Either P&L only or full accounts)
- Personal Tax return
- Advice on expenses that can be claimed
- Advice on other relevant tax issues such as pension tax relief
Compliance Package
From £76 per month
- Year-end Accounts
- Tax returns
- Quickbooks bookkeeping subscription
- Support for routine business queries through the year
Business Package
Suitable for larger business with more accountancy requirements such as payroll and VAT returns. Further staff can be added to payroll as required. Other services such as CIS or P11D’s can also be added to the package
From £145 per month
- Year-end Accounts
- Personal Tax return
- Quickbooks bookkeeping Subscription
- Quarterly VAT returns
- Payroll for 2 staff
- Support for routine business queries through the year
- Annual meeting to discuss business, financial position and future goals.
Further details of Services
Payroll
Base Cost: £20 per payrun
Each employee: £5 per month.
Auto-enrolement/pension contribution: £5 per employee per month
We can also assist with CIS and Benefit in kind returns.
Accounts
The accounts work includes;
- finalising the accounts from your book keeping records,
- posting year end journals,
- Reconciling cash and bank balances
- Reviewing stock, debtors, creditors balances
- Drafting the formal accounts for approval.
- A final check of the numbers.
Business Support
This service covers support for routine queries by telephone or email through the year. We will assist with book keeping queries, advise on accounts issues, advise on expenses that can be claimed, and assistance with other business or basic tax issues that crop up through the year.
Tax support and your self-assessment tax return
We will advise you on your personal tax and prepare your tax return. The finalised accounts figures will be imported into your tax return. We will look at treatment of losses, capital allowances. and advise other personal tax issues relevant to income tax and your business.
We calculate the tax due and inform you of the amount and payment dates.
We can be appointed as your agent to speak to HR on your behalf.
Basic rate tax returns fees are from £250,
Other tax queries or issues that arise such as capital gains tax, or extra sections in the tax return, will be quoted for and charged for separately on case by case basis.
Partnership tax returns start from £240 in addition to the personal tax return fees.
VAT
Businesses with turnover below the VAT threshold don’t have to register for VAT, but may choose to do so voluntarily. The turnover threshold is currently £85,000, based on the latest rolling 12 month period.
The VAT service includes, a quarterly review of the accounts, advice on VAT issues, a review of the VAT return, notification of amount due, and submission of the return to HMRC.
QuickBooks Subscription
We can provide a Quick books subscription. Prices start from £12 per month. Please contact us for more information. If support is required with using Quickbooks, this will be added on to the service package.