Build your own accountancy package to suit your needs and budget
The first thing you need to do is decide on what level of accountancy you want.
The more work you do and the less sofware you choose to use, the less my fee will be. It's as simple as that really.
These prices are based upon you not being VAT registered and having a turnover (that's total sales, not your income) of less than £60k. If your sales are greater, or you are VAT registered then give me a shout and I'll let you know my amended prices.
The NEWBORN package might be the one for you if you have a very new business and you are happy to complete the tax return yourself.
For a one off fee, we can have a half an hour video/phone call and we'll run through what you need to include and what you can and can't claim.
The BABY package will suit you if you would rather I completed your tax return for you.
Following a chat about your business, I will send you a spreadsheet to complete.
I will complete the tax return and produce a set of Income and Expenditure accounts for you based upon this information.
The TODDLER package will suit you if you run a small sole trade or Limited Company.
It's for those of you who raise under 5 sales invoices a month and have less than 20 bank transactions. So if you are work as a freelancer, this could be all you need.
As part of this package I will prepare a full set of accounts and complete your tax return.
If you are self employed then I will include a Xero cashbook subscription within the monthly fee. If you are a Limited Company, or require the Xero starter sub, then this will add an additional £5-10 to your monthly fee.
The CHILD package will suit you once your business is fully up and running - so when you raise more than 5 sales invoices a month and have over 20 bank transactions.
If you are self employed, I will include your subscription to Xero within the monthly fee. If you are a Limited company, then this will increase the monthly cost by £25.
This version of the Xero software can be integrated with other add ons, so you can take photos of your receipts, link booking software, EPOS systems and so on. It will offer you far greater flexibility as your business grows.
Included in the above prices is the employment section of the tax return. If you have any rental properties, foreign income, capital gains and so on, these will need to be billed separately.
I have quoted a monthly fee above. However, if you join me mid-year, these will increase to reflect the shorter timescale.
Now you can choose any additional services that you would like from me.
You don't have to choose any of them. You may feel that speaking to me just once a year is enough.
SOME EXAMPLE PRICES
You may decide to go for the NEWBORN package, pay £29 and we have a chat. But before you complete your tax return you'd like me to review your figures. A review is an additional £50. So in total you pay me £79.
You run a small Limited Company. You decide to go for the CHILD package at £45 per month plus Xero software of £25. You would also like to use Receipt Bank so you can take photos of your expenses whilst on the move. We set this at £15 per month. However, you would also like to be able to contact me during the year should you have any queries (£60 per year). You have a Directors salary (£10 per month) and would like me to review your figures on a quarterly basis (£50 each) so you can get a rough tax estimate and feel for how you are doing.
This brings your total monthly fee to £117.
You are self employed and have decided to go for the TODDLER package at £25 per month. As you need to be able to raise sales invoices, we add the Xero Starter subscription at an extra £5 per month. You would also like to be able to contact me during the year (£60).
This brings your total monthly fee to £35 per month.