How much do you charge?

The answer to this question is…. it depends, however here we’ll try to shed some light on how we bill and the way our fees are calculated.

When do I pay?

Our clients pay on a monthly basis by Direct Debit, with invoices being raised on the first of the month with payment being taken approximately 5 days after this. The fee is fixed for a financial year and the costs are spread across the 12m.

The only time this will change is if additional services are required or if the bracket for a service is exceeded for example more employees are hired, tipping the number of employees into the next pricing bracket.

What if I partner with you part way through a financial year?

In this instance, some services will be a monthly charge starting from the month you join us. Other services will require a catch up payment for the months of the financial year that have been missed.

How do you price your services?

Annual accounts & Corporation tax:

This is a fixed fee depending on the type and complexity of the accounts being prepared. The fee is spread across the 12 months of the financial year, meaning that by the end of the year, your accounts fees are already paid for, no large one off bill!

Payroll:

Our payroll fee is based on the number of employees that you have, the fee increasing for every 5 employees.

Bookkeeping:

Bookkeeping fees are based on a number of factors:

Average monthly bank transactions
Whether the business is VAT registered
Whether tracking categories are used

Average monthly bank transactions are monitored at least annually (sometimes more frequently for our high growth clients) and the fee is adjusted accordingly.

Management accounts & Virtual FD services:

We offer a variety of levels of assistance in providing reports, analysing those reports and regular meetings, so this cost really does depend on:

the amount of involvement required
the frequency of the reporting

Other services:

Some of our other services are fixed fee, for example HMRC tax registrations, company incorporations. Other services such as VAT returns are priced in line with the number of average monthly bank transactions.

What is a typical fee?

There is no typical fee as it depends on the size and complexity of the business plus how much assistance is required. Normally a company can expect a cost of at least 1% of their turnover for their accounting services, however some of our higher growth clients invest up to 4% of their turnover in working with us to grow their business.