HOW MUCH ARE FEES FOR SOLE-TRADERS?

HOW MUCH ARE ACCOUNTANCY FEES FOR AN OWNER MANAGED BUSINESS?

It depends on the needs of your business...

• What’s your annual turnover/sales?
• Are you VAT registered?
• How many staff do you have?
• How many directors does the company have?
• Do you need management accounts reporting?
• Do you have a book-keeper?

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 

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