Fixed accountancy fees
Coman & Co provides a fixed fee service, which is agreed in advance. The scope of work is established in a free, initial consultation. A written estimate is agreed to prior to becoming a client. Our fees are based on time spent and level of skill used. We provide a service which is tailored to the needs of our client and we can accommodate a range of tax work. Nonetheless, we aim to be transparent and fair in our billing. Therefore, we have published our fees the price list below.
Fees are subject to VAT. Invoices are issued in arrears after completion of the accounts, Tax Return or other, tax related, assignment.
Included in the all prices below:
Preparation of accounts of Tax Return, VAT Return or payroll, as applicable.
Acting as your agent for the purpose of communicating with HMRC.
Providing updates in the tax regulation that are relevant to you.
Sending reminders about documents that are due, what tax to pay and when.
Dealing with routine HMRC correspondence on your behalf.
Responding to brief email queries regarding UK taxation and how it can be reduced.
Two free of charge adjustments to your Tax Return once it has been prepared. Subsequent adjustments are subject to a fee of £85.
Our clients are not committed to using our service, until providing information required to prepare accounts, Returns or other tax document.
- Landlord Tax Return prices
- Residential Property Capital Gains Tax Return prices
- Sole trader Tax Return prices
- High earning employee, investor and pensioner Tax Return prices
- Contractor company fixed fee prices
- Small business accounting prices
- Limited Liability Partnership prices
- Inside IR35 contractor fixed fee prices
- Unincorporated partnership prices
- Company formation and company secretarial prices
- Payroll service rate card
- Tax service prices list
- Tax advice hourly rate
Landlord Tax Return prices
| Service | Yearly fee (£) | |
|---|---|---|
| Rental income up to £19,999 | 200 | Add |
| Rental income between £20,000 & £49,999 | 250 | Add |
| Rental income over £50,000 | 300 | Add |
| Rental income up to £19,999 and employment or pension earnings | 235 | Add |
| Rental income between £20,000 & £49,999 and employment or pension earnings | 285 | Add |
| Rental income over £50,000 and employment or pension earnings | 335 | Add |
| Rental income upto £19,999 and sole trader income upto £19,999 | 275 | Add |
| Rental income between £20,000 & £49,999 and sole trader income £20,000 & £49,999 | 375 | Add |
| Rental income over £50,000 and sole trader income over £50,000 | 475 | Add |
| Rental income upto £19,999 and sole trader income upto £19,999 and employment or pension earnings | 310 | Add |
| Rental income between £20,000 & £49,999 and sole trader income £20,000 & £49,999 and employment or pension earnings | 410 | Add |
| Rental income over £50,000 and sole trader income over £50,000 and employment or pension earnings | 510 | Add |
| Rental income and employment or sole trader earnings for a married couple @ £200 per Tax Return | 400 | Add |
| Rental income and capital gains on disposal of property (refer to separate table for capital gains tax return)* | 240 | Add |
| Rental income only for a non-resident landlord up to £19,999 | 240 | Add |
| Rental income only for a non-resident landlord up to £20,000 & £49,999 | 290 | Add |
| Rental income only for a non-resident landlord over £50,000 | 340 | Add |
| Let property campaign disclosure for one year | 225 | Add |
| Per additional year | 75 | Add |
| Accountant's reference in support of a mortgage application or rental agreement | 25 to 125 | Add |
*The fee is invoiced in two amounts: A Capital Gains Tax return is due within 60 days of completion. On the subsequent Tax return, a further £40 is added for the required capital gains disclosure.
Residential Property Capital Gains Tax Return prices
| Service | Yearly fee (£) | |
|---|---|---|
| Capital Gains Tax return for 1 property | 300 | Add |
| Capital Gains Tax return for 1 property where calculation includes improvement costs | 350 | Add |
| Capital Gains Tax return for 1 property where calculation includes improvement costs and Private residence relief | 450 | Add |
| Capital Gains Tax return for 1 property where calculation includes Private residence relief only | 400 | Add |
Sole trader Tax Return prices
| Service | Yearly fee (£) | |
|---|---|---|
| Self-employment income upto £19,999 | 150 | Add |
| Self-employment income between £20,000 & £49,999 | 200 | Add |
| Self-employment income between £50,000 & £84,999 | 250 | Add |
| Self-employment income (above the VAT registration threshold) | 300 | Add |
| Employment or pension earnings and some consultancy income | 225 | Add |
| Optional extra: | ||
| Annual QuickBooks accounts software Simple Start @ £10 per month | 120 | Add |
| Annual QuickBooks accounts software Essentials @ £18 per month | 216 | Add |
| Annual QuickBooks accounts software Plus @ £19.60 per month | 235.2 | Add |
| Bookkeeping up to 100 bank transactions a quarter (£0.50 Per transaction) | 50 | Add |
| Preparation of VAT Return and calculation of VAT thereon (every Quarter) | 40 | Add |
High earning employee, investor and pensioner Tax Return prices
| Service | Yearly fee (£) | |
|---|---|---|
| Employment or pension earnings, any benefits and tax deductible expenses | 125 | Add |
| Employment or pension earnings plus foreign income up to £2,999 | 225 | Add |
| Employment or pension earnings plus foreign income between £20,000 & £49,999 | 275 | Add |
| Employment or pension earnings plus foreign income over £50,0000 | 315 | Add |
| Employment or pension earnings and consultancy income | 225 | Add |
| Employment or pension earnings and trust income | 170 to 300 | Add |
| Foreign, trust or investment income only | 125 to 350 | Add |
| Employment or pension earnings plus investment income up to £2,999 | 185 | Add |
| Employment or pension earnings plus investment income between £3,000 & £19,999 | 235 | Add |
| Employment or pension earnings plus investment income between £20,000 & £49,999 | 285 | Add |
| Employment or pension earnings plus investment income £50,000 | 335 | Add |
| Employment or pension earnings and capital gains on shares and other investments up to 2,999 | 185 | Add |
| Employment or pension earnings and capital gains on shares and other investments Between £3,000 & £19,999 | 235 | Add |
| Employment or pension earnings and capital gains on shares and other investments Between £20,000 & £49,999 | 285 | Add |
| Employment or pension earnings and capital gains on shares and other investments over £50,000 | 335 | Add |
| PAYE Coding Notice Query | 85 | Add |
Contractor company fixed fee prices
We provide a facility to manage all accounting and tax compliance requirements of a limited company contractor. However, an itemisation of fee also follows to allow for a more cost effective alternative.
| Service | Yearly fee (£) | |
|---|---|---|
| Preparation of Filleted Accounts, Full Accounts, Company Tax Return and corporation tax calculation for electronic filing with HMRC and Companies House | 485 | Add |
| Preparation of Tax Return to include salary and dividends from the company and calculation of any tax thereon per director* | 85 | Add |
| Monthly payroll for one director up to the national insurance earnings threshold @ £7.50 per month** | 90 | Add |
| Leaver: Processing for P45 (In addition to Final pay) | 10 | Add |
| Optional extra: | ||
| Annual registered office facility | 50 | Add |
| Annual QuickBooks accounts software Simple Start @ £10 per month | 120 | Add |
| Annual QuickBooks accounts software Essentials @ £18 per month | 216 | Add |
| Annual QuickBooks accounts software Plus @ £19.60 per month | 235.2 | Add |
| Bookkeeping up to 100 bank transactions a quarter (£0.50 per transaction) | 50 | Add |
| Preparation of VAT Return and calculation of VAT thereon (Per VAT Return) | 40 | Add |
*The charge could be higher where additional Tax Return entries are required, for instance for landlords
**Where there is more than one director, or the company has staff, please refer to the payroll section for additional charges. Some clients prefer to avail our service for providing a registered office. Since most correspondence is now conducted online, the registered office facility is for the purpose of excluding the business or home address from the public register.
Small business accounting prices
Small businesses tend to have more complex accounting requirements than contractors. This is due to accounting for stock, assets, debtors, creditors and lease or other premises arrangements. Our fees are the same as for contractors, except for the company accounts preparation which would be as follows:
| Service | Yearly fee (£) | |
|---|---|---|
| Preparation and filing of annual confirmation statement | 35 | Add |
| Preparation of Filleted Accounts, Full Accounts, Company Tax Return - Turnover below VAT registration threshold | 485 | Add |
| Preparation of Filleted Accounts, Full Accounts, Company Tax Return - Turnover between VAT registration threshold and £250,000 | 600 | Add |
| Preparation of Filleted Accounts, Full Accounts, Company Tax Return - Turnover above £250,000 | On request | Add |
| Optional extra: | ||
| Annual registered office facility | 50 | Add |
| Annual QuickBooks accounts software Simple Start @ £10 per month | 120 | Add |
| Annual QuickBooks accounts software Essentials @ £18 per month | 216 | Add |
| Annual QuickBooks accounts software Plus @ £19.60 per month | 235.5 | Add |
| Bookkeeping up to 100 bank transactions a quarter (£0.50 per transaction) | 50 | Add |
| Preparation of VAT Return and calculation of VAT thereon (Per VAT Return) | 40 | Add |
Limited Liability Partnership prices
| Service | Yearly fee (£) | |
|---|---|---|
| Preparation of Filleted Accounts, Full Accounts and partnership Tax Return for electronic filing with HMRC and Companies House | 485 | Add |
| Preparation and filing of annual confirmation statement | 35 | Add |
| Preparation of Tax Return to include partnership profit share from the LLP and calculation of any tax thereon: per partner | 125 | Add |
| Optional extra: | ||
| Annual registered office facility | 50 | Add |
| Annual QuickBooks accounts software Simple Start @ £10 per month | 120 | Add |
| Annual QuickBooks accounts software Essentials @ £18 per month | 216 | Add |
| Annual QuickBooks accounts software Plus @ £19.60 per month | 235.2 | Add |
| Bookkeeping up to 100 bank transactions a quarter (£0.50 per transaction) | 50 | Add |
| Preparation of VAT Return and calculation of VAT thereon (Per VAT Return) | 40 | Add |
Inside IR35 contractor fixed fee prices
A contractor who is deemed to be employed will need to run the company inside IR35
| Service | Yearly fee (£) | |
|---|---|---|
| Preparation of company accounts inside IR35 | 125 | Add |
| Preparation of company Tax Return and calculation of corporation tax inside IR35 | 110 | Add |
| Preparation and filing of annual confirmation statement | 35 | Add |
| Preparation of Tax Return to include IR35 employment earnings from the company and calculation of any tax thereon | 50 | Add |
| Preparation of monthly IR35 payroll @ £45 per month | 555 | Add |
| Optional extra: | ||
| Annual QuickBooks accounts software Simple Start @ £10 per month | 120 | Add |
| Annual QuickBooks accounts software Essentials @ £18 per month | 216 | Add |
| Annual QuickBooks accounts software Plus @ £19.60 per month | 235.2 | Add |
| Bookkeeping up to 100 bank transactions a quarter (£0.50 per transaction) | 50 | Add |
| Preparation of VAT Return and calculation of VAT thereon (Per VAT Return) | 40 | Add |
| Annual registered office facility | 50 | Add |
Unincorporated partnership prices
The fee is inidcative subject to any additional work bringing accounting material to trial balance
| Service | Yearly fee (£) | |
|---|---|---|
| Preparation of partnership Tax Return | 150 | Add |
| Partnership accounts (not obligatory and only if requested by client) | 75 | Add |
| Preparation of Tax Return to include partnership profit partnership share and calculation of any tax thereon: per partner | 150 | Add |
| Optional extra: | ||
| Annual QuickBooks accounts software Simple Start @ £10 per month | 120 | Add |
| Annual QuickBooks accounts software Essentials @ £18 per month | 216 | Add |
| Annual QuickBooks accounts software Plus @ £19.60 per month | 235.2 | Add |
| Bookkeeping up to 100 bank transactions a quarter (£0.50 per transaction) | 50 | Add |
| Preparation of VAT Return and calculation of VAT thereon (Per VAT Return) | 40 | Add |
Company formation and company secretarial prices
| Service | Yearly fee (£) | |
|---|---|---|
| Preparation of application for strike off of the company | 50 | Add |
| Preparation of application to register a company, and online submission to Companies House | 50 | Add |
| Corporation tax registration with HMRC and appointment of Coman & Co as tax agent | 20 | Add |
| Preparation of application to register the company for VAT (and if required flat rate scheme) | 75 | Add |
| Preparation of dormant company accounts, e.g. for freehold management company | 75 | Add |
| Preparation of Company Confirmation Statement | 35 | Add |
| Preparation of Overseas Entity Update Statement* | 50 | Add |
*Online filing fee for overseas entity update statement at Companies House is £120
Payroll service rate card
Payroll is not offered as a stand-alone service. It is only part and parcel of services we offer to business clients.
Payroll service includes:
- Registration as an employer with HMRC and set up of payroll, for which there is no extra charge;
- Processing of HMRC notices: Late payment or late filing, student loan and tax code notifications;
- Emailing of year-end P60 in March,and
- Except for sole director companies:
- Processing of monthly Real Time Information report to HMRC of pay, tax and other deductions;
- Emailed payslips;
- Advice on liability to HMRC for PAYE tax, NIC and student loan and date payable;
- Email report showing gross pay, deductions, pension and cost to the employer;If applicable, report of pension contributions payable.
The following aspects of payroll are excluded:
- Submission of a BACS report to HMRC;
- Filing of pension payment to the provider. We can instruct on employer and employee amounts for input by the client;
- Monthly payslips for directors paid up to the NIC threshold. This is to minimise paperwork. However, this service is optional as explained below;
Coman & Co does not accommodate a weekly payroll facility, only monthly.
Additional fees, usually for one-off work
| Service | Yearly fee (£) | |
|---|---|---|
| Fixed charge for operating a payroll or Construction Industry Scheme (see below for what is included and excluded.) | 5 | Add |
| One director paid up to the employer's national insurance threshold | 2.5 | Add |
| Per additional director (such as spouse) paid up to the employer's national insurance threshold | 2.5 | Add |
| Per employee, or per director paid above national insurance threshold | 5 | Add |
| Per any employee requiring additional workplace pension contribution calculation | 2.5 | Add |
| Per subcontractor, processing and filing of CIS report with HMRC showing pay and tax deductions | 5 | Add |
| Paternity pay claim | 50 | Add |
| Maternity pay claim | 100 | Add |
| CIS refund claim* | 50 | Add |
| Starter: Processing a new starter form (in addition to month one pay) | 5 | Add |
| Leaver: Processing of P45 (in addition to final pay.) | 10 | Add |
| Additional monthly payslip, though not required but nonetheless requested by director | 2.5 | Add |
| Verification of subcontractor starters | 5 | Add |
*A CIS reclaim would be required for limited company clients who have not obtained gross payment status.Payroll is invoiced yearly in March or on cessation of the scheme, whichever is the sooner.
Tax service prices list
The table below includes a list of fees related to various tax services.
| Service | Yearly fee (£) | |
|---|---|---|
| Calculation of available annual pension allowance for one tax year | 150 | Add |
| Claim for overpayment relief in statutory form to include one tax year | 200 | Add |
| Per tax year filing of a disclosure of previously unreported income | 50 to 135 | Add |
| Amendment to aspect of a Tax Return already filed | 50 to 135 | Add |
| Let property campaign, worldwide disclosure facility or disguised remuneration, per tax year | 85 to 175 | Add |
| Typical HMRC enquiry* | 75 to 300 | Add |
| Complex HMRC enquiry, as an approximate only | 850 | Add |
| Preparation of Financial statement, and accountant's certificate for the UK Border Agency, or mortgage lender proposes | 225 | Add |
| Accountant's reference in support of a mortgage application or rental agreement | 25 to 125 | Add |
*Coman & Co do not offer or resell tax investigation insurance. We can refer clients to financial advisers, insolvency practitioners and solicitors where the client request falls outside of our remit.
Tax advice hourly rate
Raphael Coman is a Chartered Accountant and Chartered Tax Adviser. He has worked independently since 2009 and written extensively on UK tax. The charge out rate for personal tax advisory work is £105 per hour. This includes assistance with an HMRC tax enquiry. Letter of tax advice regarding, for instance:
- A proposed property transaction
- A divorce or separation
- Share restructuring for a small business
- Company acquisition and disposal
- Trust and inheritance tax arrangements.
- HMRC tax investigation
The scope of tax advice is agreed in advance. Unlike other tax services; tax advice is paid in advance. A concession on a subsequent Tax Return can be negotiated where related to the tax advice. Fees related to HMRC enquiries are below.
| Service | Yearly fee (£) | |
|---|---|---|
| Excluding free, initial meeting. Book the proprietor, Ray Coman for tax advice on an HMRC tax investigation, Trust arrangement, family, domicile or other complex tax issue. One hour of exclusive usage* | 105 | Add |
| Additional hour of usage* | 105 | Add |
*As an exception, fees for written advice from an experienced Chartered Tax Adviser are payable in advance. Most typical kinds are tax advice are incorporated into the annual compliance fee and do not require a separate advice engagement.
Fees estimates for UK tax work that is not listed above: Available on request.
