HOW MUCH ARE ACCOUNTANCY FEES FOR AN OWNER MANAGED BUSINESS?
It depends on the needs of your business...
Business owners juggle many aspects of running the business. Outsourcing some of these can allow you to spend as much of your time as possible on value-adding activities, where your passion truly lies!
The MGA Essential Tax Return Package
from £262.50 plus VAT (£25/month)
Designed for individuals, including sole traders, with straightforward tax affairs who do not require MTD or VAT services.
includes:-
Review of completed records
Self Assessment preparation and submission
Payment on account calculations and guidance
Guideprice based on likely service needed by many tradespeople, recognising 2 income sources with CIS or PAYE side income and additional email/phone support = £40 plus VAT per month
What you'll get:
You'll have your SelfAssessment completed and submitted correctly with clear guidance on how much tax to pay and when. We'll review your records and explain so that you can plan ahead
The MGA Virtual Finance Team Package, £262.50 per week based on 6 hrs support
The MGA Limited Company Insights Package, from £200 plus VAT per month
For business owners who want insight alongside compliance
What you'll get.
Our Insights Package provides complete business compliance support and a 45minute review call each quarter alongside regular financial reporting, whilst our Compliance Package covers the essential statutory requirements. You'll have a clearer understanding of your company's financial health, profitability and cash position, helping you make better decisions about growth, investment and resource planning. This is suited to the limited company owners who want to use their accounting information to drive the business forwards.
Pricing bands for limited company accounts statutory accounts and CT600 (annual , plus VAT):
Up to 500 bank transactions = £787.50 per year
501-1000 bank transactions = £870.00 per year
1001-3000 bank transactions = £1,050.00 per year
above 3000 bank transactions = from £1260.00 per year
Payroll and SelfAssessment services to be priced accordingly from the add-ons
Pricing bands for VAT returns (per return , plus VAT):
Up to 250 VAT transactions = £157.50
251-500 VAT transactions = £210.00
501-750 VAT transactions = £262.50
751-1000 VAT transactions = £367.50
Then £30 per 100 transactions thereafter
The MGA Limited Company Compliance Package
Guide price for small non-VAT registered limited companies:
Dormant accounts = £300.00 per year
(up to 500 transactions per year) requiring statutory compliance = £115 plus VAT per month
(up to 1000 transactions per year) requiring statutory compliance = £225 plus VAT per month
What you'll get.
You will be supported to maintain your company's statutory compliance end-to-end, including Corporation Tax Return (CT600), Companies House filings and if applicable VAT returns. We'll also prepare personal tax returns for up to two shareholders within the bundle. This means that your company stays compliant, reducing the risk of penalties and keeping your records in order.
Note: pricing depends on transaction volume and complexity. Final pricing aligns to transaction levels.
Frequently Requested Add-Ons
Compliance and Administrative Add-Ons
*Additional income sources for Personal or Partnership Self Assessment Returns from £75 plus VAT per income stream annually
*Additional income sources for MTD submissions from £25 plus VAT per income stream per quarterly submission
*Capital Gains or Dividend reporting on Self Assessment Returns, based on complexity
*Standalone Bookkeeping health check from £150 plus VAT (one off)
*Bookkeeping clean-up from £750 plus VAT (one off for up to 20hrs initial clean-up) with optional additional support if required thereafter.
*Invoice issuing and administration - invoicing-only bundle from £100 plus VAT (to issue 1-20 invoices per month, with £5 per invoice add on for additional invoicing as required)
*Accountants letter or reference. £100 plus VAT
*Payroll / CIS services - quoted seperately
*P11D Benefits in Kind £100 plus VAT per employee
*VAT registration £150 plus VAT
*VAT deregistration £100 plus VAT
*Xero Subscription - fees set by Xero directly
All prices exclude VAT and are a guide based on assumed transaction volumes and complexity
Advisory and Finance Support Add-Ons
“Finance Director Lite” - available as a next stage add-on to any of our packages
From £1000 plus VAT per month
From established businesses needing more than compliance, such as:
*Cashflow forecasts
*Financial oversight
*Strategic input
*Additional reporting / Dashboarding
*Multi entity or complex VAT/advisory work
“PayPerProject” advisory guide prices such as :
*Cashflow forecast £300–£500 dependant on transaction volumes and complexity
*Tax Planning Review from £300 dependant on complexity