Fees for Small Businesses

Fees & quotes

We generally meet potential clients in an initial ‘free consultation’ meeting to discuss their business and accountancy requirements. We then follow up the meeting with a summary of what was discussed, a plan for going forward, and a quote or estimate for our work.

Then, as each future year’s work is completed, and we get to know more about a client’s business/tax affairs and a better idea of the work involved, we give a new quote.

There are two main ways we charge fees:

1. One way is to charge based on the time taken for a piece of work once it is completed (known as a time-cost basis). This tends to be for small pieces of work – or bigger pieces where it is not easily estimated how long the work will take.

2. The second is to estimate in advance how much work is involved for a piece of work then give a quote – and set up a monthly direct debit. Assuming the client’s records are pretty much as expected, and the number and/or type of transactions is not significantly different from what was planned for, then our time-costs should – more or less – be equal to the annual direct debits charged.

Quote examples:

Quote example 1: For a small limited company that provides services and has few overheads (that requires: preparation of annual company accounts; preparing/checking quarterly VAT returns; running a small payroll for the director; ongoing accountancy/tax advice, and; preparing an Income Tax Return for the director), we would expect to quote £1,512+VAT for the year’s work and we would look to set up a monthly direct debit of £126+VAT.  If more, or fewer, services were required, we would amend the quote accordingly.

Quote example 2: For preparing a simple Self-Assessment Tax Return, we would generally charge from £105+VAT – assuming we receive the necessary information in good time. We charge more if we receive the information closer to the tax return filing deadline of 31st January.


Get in touch today for a free consultation.

We are very happy to meet you to discuss your business or even your idea for a business. We will advise you on the most tax efficient structure if you are setting up and we can review your business if you are already trading.