Whitefield offers a fixed price package of services for Small Companies /LLPs.
This guide outlines the features of this service package, it should be read in context with our main Terms and Conditions of Business / Engagement document which it supplements. Where appropriate this guide supersedes provisions in the main Terms and Conditions of Business.
We offer two levels of service, “Annual” and “Continuous”.
The Annual service is the year end accountancy and tax essentials needed by self employed business owners, along with being on hand for adhoc queries as they arise; the Continuous service builds on this with more support in year for those who want the reassurance of an accountant looking over their figures regularly.
Annual Service:
-
- We look after your year end accounts and Corporation Tax returns.
- We look after directors Self Assessment, and regular PAYE / NI for directors.
- We are on hand for queries and questions during the year.
- You are responsible for keeping your day to day accounting and tax records.
- You are responsible for choosing and subscribing to suitable accounting software, where necessary – our recommendation is FreeAgent but we are open platform.
- You are responsible for any quarterly submissions for VAT.
- You are responsible for the annual Confirmation Statement filing at Companies House (but we offer to take of this as an add on)
Our fee for the Annual Service varies according to the turnover of your business:
-
- Turnover up to £25,000 – £500 + vat per year
- Turnover up to £50,000 – £700 + vat a year
- Turnover up to £100,000 – £900 + vat a year
- Turnover over £100,000 – by quotation
Continuous Service:
-
- We look after your year end accounts and Corporation Tax returns.
- We look after directors Self Assessment, and regular PAYE / NI for directors.
- We are on hand for queries and questions during the year.
- We will check your accounting and tax records quarterly, and make quarterly submissions for VAT.
- You are responsible for keeping your day to day accounting and tax records.
- You are responsible for choosing and subscribing to suitable accounting software, where necessary – our recommendation is FreeAgent but we are open platform.
Our fee for the Continuous Service varies according to the turnover of your business:
-
- Turnover up to £25,000 – £700 + vat per year
- Turnover up to £50,000 – £900 + vat a year
- Turnover up to £100,000 – £1,100 + vat a year
- Turnover over £100,000 – by quotation
Terms:
- See Quotation Guide for full details.
- This is a Fixed Fee level, but Fair Use Policy applies.
- Fee invoiced and payable on submission of Self Assessment. Monthly payment available.
- Within these fees we would normally include other income streams such as employments and rental income; more complex circumstances would need bespoke pricing.
- Fee Indexation applies for the third year we have acted for you onwards.
Typical extras a client may need would be:
- Professional Fee Protection
- Assistance with Companies House filing, including Annual Confirmation Statement
Our fixed fee packages are priced to cover the typical service level a client needs. In any given year some clients will need more support or service, others less, and our fees balance this.
However occasionally a clients service needs, or the complexity of their requirements, will go beyond that anticipated. Rather than have a long list of exceptions or small print, we operate on a fair use basis. Where services cannot be accommodated in the fixed fee:
- We will endeavour to let clients know at the start of the engagement, or if not as early as possible
- We will avoid unreasonable suspension or withdraw of services at short notice.
- We will avoid incurring any material additional charges for clients without authorisation.
- We will work collaboratively with clients to resolve the issue, either by repricing, a service restriction, or by agreeing changes to record keeping and presentation.
Under our Terms of Business, either party can cancel the contract between us with no notice.