FEES & PACKAGES

Fees & Package Options

Expanding the below headings provides service fees which are the total annual charge, we don’t add VAT.  Also we grow our business through referrals and like to reward our clients for these referrals.  For every client you refer successfully we will reduce your following year accounting fees by £50!

 

Compliance Services

Book Keeping

Our Book Keeping service is priced based on the number of transactions for the year and covers the following.

  • A transaction is counted as a Customer Invoice, Supplier Invoice, Cash Transaction or Bank Transaction
  • Recording of all transactions for the business
  • Maintenance of the Purchase Ledger (supplier invoices & payments)
  • Reconciliation to Supplier Statements
  • Maintenance of the Sales Ledger (customer invoices & payments)
  • Recording all Bank Transactions (e.g. Direct Debits, Standing Orders etc.)
  • Recording all Cash Transactions
  • Reconciliation of Bank Account
  • You are responsible for delivering paperwork to TW Accounting on a regular basis

For each 500 transactions:  £150

Vat Compliance
  • Unlimited VAT advice
  • VAT calculated and checked on a Quarterly Basis or Annual basis as required
  • VAT return prepared and submitted to HMRC
  • Price assumes Book Keeping is kept up to date (if not book keeping rates also apply)

£120 per year

Payroll Compliance
  • Staff Payslips
  • Starter / Leaver Forms
  • RTI Submissions
  • End of Year Reports (both staff and HMRC)
  • Pension Scheme set-up (NEST Pensions) and ongoing operation
  • Auto Enrolment responsibilities maintained
  • Advice on Salary/Dividend split for Directors
  • Unlimited Payroll Advice

Monthly Paid £75 per employee per year

Four Weekly Paid £85 per employee per year

Fortnightly Paid £110 per employee per year

Weekly Paid £200 per employee per year

Limited Company Self Assessment
  • Dedicated Accountant – Unlimited help & advice
  • Full Set of Accounts (Balance Sheet and Profit & Loss)
  • Completion and Submission of Corporation Tax Return
  • Completion and Submission of up to 2 Individual Directors Self Assessment Return (£100 per additional Director above this level)
  • Monthly Payroll run for up to 2 Directors
  • Completion and Submission of Abbreviated Accounts to Companies House
  • Completion and Submission of Confirmation Statement
  • Management of Companies House Secretarial requirements
  • Tax Investigation Insurance
  • Making Tax Digital Book Keeping software
  • Recommendations & updates based on your business circumstances
  • Deadlines reminder service

Up to £50k sales:  £600

Up to £100k sales:  £650

Up to £200k sales:  £750

Up to £300k sales:  £850

Up to £400k sales:  £950

Up to £500k sales:  £1,050

For each additional £100k of sales the fee increases by a further £100

Sole Trader Self Assessment
  • Dedicated Accountant – Unlimited help & advice
  • Full Set of Accounts (Balance Sheet and Profit & Loss)
  • Completion and Submission of HMRC Tax Return
  • Tax Investigation Insurance
  • Making Tax Digital Book Keeping software
  • Recommendations & updates based on your personal circumstances
  • Deadlines reminder service

Up to £50k sales:  £275

Up to £100k sales:  £325

Up to £200k sales:  £425

Up to £300k sales:  £525

Up to £400k sales:  £625

Up to £500k sales:  £725

For each additional £100k of sales the fee increases by a further £100

Property Returns Self Assessment
  • Dedicated Accountant – Unlimited help & advice
  • Completion and Submission of HMRC Tax Return
  • Tax Investigation Insurance
  • Making Tax Digital Book Keeping software (where required)
  • Recommendations & updates based on your personal circumstances
  • Deadlines reminder service
  • Where property is held in joint names a 50% discount is available for the 2nd individual.

Up to £50k sales:  £200

Up to £100k sales:  £250

Up to £200k sales:  £350

For each additional £100k of sales the fee increases by a further £100

Partnership Self Assessment
  • Dedicated Accountant – Unlimited help & advice
  • Full Set of Accounts (Balance Sheet and Profit & Loss)
  • Completion and Submission of Partnership Tax Return
  • Completion and Submission of 2 Individual Partners Self-Assessment Return (£100 per Additional Partner)
  • Tax Investigation Insurance
  • Making Tax Digital Book Keeping software
  • Recommendations & updates based on your personal circumstances
  • Deadlines reminder service

Up to £50k sales:  £450

Up to £100k sales:  £500

Up to £200k sales:  £600

Up to £300k sales:  £700

Up to £400k sales:  £800

Up to £500k sales:  £900

For each additional £100k of sales the fee increases by a further £100

 

 

Value Added Services

Product/Service Pricing

Base cost of your products/services is calculated

  • Overheads are charged out to products so total cost can be ascertained
  • Look to market and competitors to determine acceptable selling price

Per Product/Service:  £100

Product/Service Profitability Review
  • Reviews the past for the benefit of the future
  • Base cost is calculated for each product group
  • Overheads are charged out to products so total cost can be ascertained
  • Total costs are compared to income for product groups
  • Can be offered as a one-time service but regular reviews recommended

Per Product/Service:  £150

Business Area Profitability Review
  • Reviews the past for the benefit of the future
  • Base cost is calculated for each business area
  • Overheads are charged out to business areas so total cost can be ascertained
  • Total costs are compared to business area income
  • Can be offered as a one-time service but regular reviews recommended

Per Business Area:  £250

Budget & Profit Forecasts
  • Plans for future profitability
  • Prior year’s activity analysed to determine pattern
  • Discussion of future plans to be incorporated
  • Budgets/forecasts (plans) prepared for separate business areas
  • Can be offered as one-time service but recommend annual reviews as part of Management Accounting service

Each Budget Required:  £300

Management Accounts
  • Annual Budgets/Profit Forecasts prepared
  • Activity measured against these plans on a monthly or quarterly basis
  • Monthly/Quarterly report prepared on activity against plan
  • Monthly/Quarterly meeting to discuss activity against plan
  • Annual Product/Service Profitability review, report and meeting to discuss

Quarterly Service

Up to £100k sales – £480

Up to £200k sales – £560

Up to £300k sales – £640

Up to £400k sales – £720

Up to £500k sales – £800

Over £500k sales – £1000

Monthly Service

Up to £100k sales – £800

Up to £200k sales – £1040

Up to £300k sales – £1280

Up to £400k sales – £1520

Up to £500k sales – £1760

Over £500k sales – £2000

Cash Flow Forecasts
  • Predicts future Cash Flows
  • Calculation of Customer & Supplier payment times
  • Calculation of Stock holding times
  • Cash Flow forecast prepared for required period
  • Report on Cash Flow, highlighting any issues
  • Can be offered as one-time service but regular updates recommended

One-off Cash Flow Forecast:  £200

Quarterly Updates:  £150

Monthly Updates:  £125

Business Planning & Advice

We offer free Business Advice to all of our clients. For Business Planning assistance please call and we can discuss your requirements and then offer you a quote.

 

Additional Services

Advice on Starting a New Business

If you’re thinking of starting a new business give us a call to discuss your plans.  We can advise you on the best legal structure and your registration requirements.  We can also provide you with numerous helpful fact sheets to help you on your journey. We do not charge for this service – we hope you are happy with our help and look to us in the future when you are running your business for our wide range of Accounting and Book Keeping services. Good luck in your new venture!

Limited Company Formation Service
  • Memorandum of Association
  • Articles of Association
  • Certificate of Incorporation
  • Share Certificates
  • Assistance with HMRC tax registrations
  • Assistance with setting up a Business Bank Account
  • Digital documents to you in 3 Hours

£35 or Free

Financial Systems & Processes, set-up and training

We can set-up your Manual or Computerised Book Keeping and Accounting systems for you.  If required we will then train your staff on the use of these systems. Advice on this matter is FREE so please call and we can discuss your requirements – once we know what you need, we can provide you with a quote.

Business Advice

We offer free Business Advice to all of our clients that take any of our packages on offer. For Business Planning assistance please call and we can discuss your requirements and then offer you a quote.