Whether you operate as a sole trader, a partnership or a Limited company there are legal requirements in terms of producing accounts and tax returns. There are deadlines for submission of information to HM Revenue & Customs departments, and fines for late filing. Holgate Court Accountants have procedures in place to ensure that deadlines are met, so fines are avoided.
The pricing for compliance services depends on a number of factors, including:
- Standard of books kept
- Whether the business is VAT registered
- The number of employees
- Use of sub-contractors
- Use of factoring
- Existence of hire purchase agreements
- Multiple currency transactions
- Benefits provided to directors/employees
Typically for a small sole trader below the VAT threshold our annual fees would be in the £400 to £700 region, to prepare the annual accounts and submit the owner’s self-assessment tax return.
For a small Limited Company fees can start from £800 to prepare the annual accounts, file accounts at Companies House, prepare and submit the corporation tax return.
These prices are only intended as a guide and you need to discuss your specific requirements with us to get a fixed fee quote.