Fixed Fee Accounting Package for Making Tax Digital
Fixed fee accounting is perfect if the thought of your bookkeeping and Making Tax Digital is getting you in a spin. Why not simply hand over your record keeping to us to undertake your bookkeeping on a regular basis throughout the year, leaving you the time to concentrate on your business. We will make sure you are compliant with the HMRC’s new rules and that everything is filed on time.
With our fixed fee accounting package, we will complete your bookkeeping using cloud-based software XERO, which means that you can have access to and will be able to monitor how your business is doing in real time.
We can provide you with the means to securely send us your paperwork digitally so that you never have to visit the office and can deal with this at a time to suit you. We will, of course, show you how to do this. We can also set up digital integrations with your bank and other services such as credit card terminals, PayPal, iZettle, etc, so that this information feeds into your bookkeeping software automatically and you no longer have to provide this to us.
If you issue invoices, we can show you how to do this using the software so that they are automatically included and give you access to an easy-to-use statement function which helps to speed up customer payment times and improves your cash flow.
Fixed fee accounting packages depend on factors such as the size and complexity of your business, turnover, number of employees and any other services you might require, e.g. payroll.
Micro Businesses and Start ups
- Price starts from £29 per month plus VAT
Small and Medium Businesses (SME's)
- Price starts from £59 per month plus VAT
Limited Companies and Large Partnerships
- Price starts from £99 per month plus VAT
What is included in my Fixed Fee Accounting package?
Essential Package
Our feature-packed Essentials Package includes:
The knowledge and experience of qualified accountants
We are a firm of Chartered Accountants which means that our firm is bound by the ICAEW Code of Ethics and subject to its disciplinary procedures. Our senior accountants have completed a minimum of three years in depth training and passed a series of exams. We are committed to continuing their professional development to keep their skills up to date and they all attend regular courses and training sessions.
Your own personal accountant manager
You will have you own personal accountant and you will always speak directly to their team. This ensures that we get to know you and your requirements and are able to deal with your needs in a prompt and timely fashion.
We deal with HM Revenu and Customs for you
We are your representative for HM Revenue and Customs which means that we will deal with all communications with them so that you don’t have to.
Bookkeeping using a Digital Accounting Package
We will undertake all your bookkeeping needs using a digital accounting package that is compliant with the new Making Tax Digital regulations.
Completion and submission of your Making Tax Digital and VAT returns
Preparation of your Year End Accounts
We will prepare your business accounts each year and provide you with a business analysis in comparison to previous years together with full business tax computations for submission to HM Revenue and Customs (and Companies House where necessary).
Preparation of your Self Assessment Tax Returns
We will prepare your personal tax returns each year, notify you of your tax liabilities and submit them to HM Revenue and Customs.
No extra charges for giving us a call or popping in
If you have a query relating to any of the services covered by your fixed fee you don’t need to worry about contacting us as it will be include in your fixed fee. Please note that this is subject to a fair use policy but should you be close to exceeding our limits we will let you know in advance.
Automatic reminders
We will send you automatic reminders via e-mail for things you need to remember to do meaning that you will never miss a filing deadline and receive unnecessary fines.
Advisor Package
In addition to the Essentials Package, an Advisor Package will also give you:
Annual Advisory Meeting with your accountant
Each year you will have the opportunity to meet with one of our senior accountants to discuss your business results, discuss your tax strategy and other tips to improve your profitability. This meeting enables you to plan for the future and meet your business goals.
Extra services for Limited Companies
We will deal with your company secretarial requirements during the year which includes filing documents with Companies House, for examples directors change of addresses and your annual statements. We will also include the Companies House filing fee.
Advisor Plus Package
Our top level of fixed fee packages include all of the above plus:
Quarterly management accounts advice
To help you to keep the finger on the pulse of your business we offer a quarterly management report looking at your performance during the year to enable you to react quickly to any change. This will involve a meeting with the accountant where required.
Quarterly Making Tax Digital checks
If submitting figures direct to HMRC on a quarterly basis under the New Making Tax Digital rules makes you nervous we can check the figures in your software on a quarterly basis before you submit giving you peace of mind.
Fee Protection Insurance
We will include the cost of insuring your business against the prospect of an enquiry by HM Revenue and Customs where in this event our fees for dealing with this on your behalf would be fully covered.
Payroll & CIS Services
If you require payroll or CIS services, these can be included and will be an addition to the above fixed fee accounting packages. The price will depend on how many employees you have and how often you run your payroll. Please let us know if you would like it included, and we will amend your personalised quote.
Bookkeeping Services with Invoicing Control
Do you want to run your own credit control with none of the bookkeeping headache?
The beauty of digital accounting is that it puts you in control of your business. If you want to raise invoices and keep track of who owes you money but simply don’t have time for the rest of your bookkeeping, we can help.
How it works:
- Control your invoicing: Many of our clients use the invoicing feature of their accounting software to raise invoices and send statements directly to their customers.
- Leave the rest to us: We’ll take care of the bank reconciliations, expense processing, and VAT returns (where applicable), keeping you up to date.
- Speed up payments: With the many payment functions in Xero, getting paid faster becomes easier.
Customisation: We can customise invoices and statements to suit your business needs and set up automated statements so you don’t have to log in to send them.
The best of both worlds:
You get paid quicker, and we take care of the rest, without the headache of full bookkeeping.
Fixed Fee Accounting Year-End Accounts with No Bookkeeping
Do you have your own bookkeeper but want a fixed fee for year-end accounts?
If you only need fixed fee accounting for your year-end accounts, our Fixed Fee Package without Bookkeeping is the ideal solution.
How it works:
- Fixed fee structure: Pay a clear, upfront fee for your year-end accounts—no surprises.
- No bookkeeping required: If you already have a bookkeeper, we’ll handle just the year-end accounts for you.
- Comprehensive service: We ensure your accounts are prepared correctly, saving you time and effort.
The benefits:
- You can keep your current bookkeeper for regular tasks.
- We offer a straightforward, fixed fee for year-end accounts, providing you with peace of mind.
- A tailored solution to suit your business needs without the added bookkeeping.