Annual accounts, VAT and tax return fees are reviewed annually.
This doesn’t just mean we will increase your fees.
If the volume of your transactions, for example, has reduced from the prior quarter, your bookkeeping fee will reduce. If the volume of your transactions is the same as the prior quarter, your bookkeeping fee won’t change. If the volume of your transactions has increased from the prior quarter, your bookkeeping fee will increase.
Delilah is a sole trader selling clothing via Instagram.
The company is turning over £20,000 each year, and is not VAT registered. Delilah does not employ any staff.
She usually has a few hours spare a week to update Xero herself to make sure all her business transactions are recorded and categorised.
The services we would typically provide a business like Delilahs includes a self-assessment and a bookkeeping review.
We would expect this business to be investing somewhere between £25 to £45 + VAT each month.
Derek is a solicitor and runs a limited company providing legal advice to both individuals and businesses.
The company is turning over £100,000 each year, is VAT registered, and employs one member of staff and Derek.
Derek has very little time, so he is looking for someone to take care of all business accounting and tax aspects. The services we would typically provide a business like Dereks includes bookkeeping, payroll, VAT returns, annual accounts/tax returns.
We would expect this business to be investing somewhere between £150 to £200 + VAT each month.
Dan & Scott are directors of a limited company providing electrical services to both commercial and domestic clients.
The company turns over £60,000 a month and employs an admin assistant, an office manager, and two directors. The office manager handles the bookkeeping.
The two directors are not earning as much as they wanted to out of the business. They are struggling to understand where the profit is going.
The services we would typically provide a business like Dan & Scotts would consist of compliance work (accounts, tax returns, payroll, VAT returns, CIS returns). To help better handle the business’s profit, we would also provide monthly management accounts and quarterly meetings.
We would expect this business to be investing somewhere between £400 to £500 + VAT each month.
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