Pricing

Published: 28 Oct 2016

 

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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 or Tax Return assignment.

 

Landlords

Sole traders

High earnings employees and investors

Contractors

Small business

Limited Liability Partnership

Company formation and strike off

Payroll

Bookkeeping and VAT

Tax advisory

 

Tax Return preparation

 

Our yearly tax service, includes:

  • 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.
  • Preparing and filing your Tax return for you.
  • One free of charge adjustment to your Tax Return once it has been prepared.  Subsequent adjustments are subject to a fee of £85.
  •  

Fees are invoiced once yearly after the Tax Return has been prepared.

 

Landlords

 

Service Yearly fee (£)
Rental income only for a UK resident 180
Rental income for a non-UK resident 200
Employment or pension earnings plus rental profits 250
Employment earnings and rental income, where jointly owned by a married couple, per spouse 200
Employment earnings and capital gains on property disposal 250
Employment earnings, rental profit and capital gains on property disposal 300
Employment earnings, property disposal and principal private residence calculation 350
Employment, self-employment and rental profits 300

 

Sole traders

 

Service Yearly fee (£)
Self-employment income (with a turnover up to the VAT registration threshold 200
Self-employment income (above the VAT registration threshold) 250
See other tables for other permutations Na

 

High earning employees, pensioners and Investors

 

Service Yearly fee (£)
Employment or pension earnings, any benefits and tax deductible expense 100
Employment or pension earnings plus foreign income 125 to 300
Employment or pension earnings plus investment income 125 to 350
Employment or pension earnings and capital gains on shares and other investments 125 to 250
Employment or pension earnings and consultancy income 200
Employment or pension earnings and trust income 170 to 350
Foreign, trust or investment income only On request

 

We provide a facility to manage all accouting and tax compliance requirements of a limited company contractor.  However, an itemisation of fee also follows to allow for a more cost effective alternative.

 

Contractors

 

Service Yearly fee (£)
Preparation of Abbreviated Accounts, Full Accounts, Company Tax Return and corporation tax calculation for electronic filing with HMRC and Companies House 485
Optional extras:  
Annual registered office facility 50
Preparation and filing of annual confirmation statement 35
Preparation of Tax Return to include salary and dividends from the company and calculation of any tax thereon per director 85
Preparation of four quarterly VAT Returns under the flat rate scheme @ £40 per Return 160
Monthly payroll for one director up to the national insurance earnings threshold @ £7.50 per month 90
Total 905
VAT @ 20% 181
Companies House filing fee 13
Payable 1,099

 

Small business

 

Small business with companies 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 of Abbreviated Accounts, Full Accounts, Company Tax Return and corporation tax calculation for electronic filing with HMRC and Companies House:  
Turnover below VAT registration threshold (same fee as for contractors) 485
Turnover between VAT registration threshold and £250,000 600
Turnover above £250,000 On request

 

Note that businesses with a turnover below the VAT registration threshold can use the cash basis for tax purposes.

 

Limited liability partnerships

 

Service Yearly fee (£)
Preparation of Abbreviated Accounts, Full Accounts and partnership Tax Return for electronic filing with HMRC and Companies House 485
Optional extras:  
Annual registered office facility 50
Preparation and filing of annual confirmation statement 35
Preparation of Tax Return to include partnership profit share from the LLP and calculation of any tax thereon: per partner 85
Preparation of four quarterly VAT Returns under the flat rate scheme @ £40 per Return 160
Monthly payroll for one director up to the national insurance earnings threshold @ £7.50 per month 90
   
Total 905
VAT @ 20% 181
Companies House filing fee 13
Payable 1,099

 

 Our fee for unincorporated partnerships is reduced to £350

 

Formation, strike off and other company secretarial

 

Service Yearly fee (£)
Preparation of application for strike off of the company 50
VAT 10
Companies House filing fee disbursement 10
Total payable 70

 

 

Service Yearly fee (£)
Preparation of application to register a company, and online submission to Companies House 50
Corporation tax registration with HMRC and appointment of Coman & Co as tax agent 20
Preparation of application to register the company for VAT and flat rate scheme 75
VAT 29
Companies House filing fee disbursement 20
Total payable 188

 

Payroll

 

Service Monthly fee (£)
One or two directors with salary equal to National Insurance earnings threshold 7.50
Per employee, processing of monthly Real Time Information report to HMRC of pay, tax and other deductions only 15.00
Per employee, processing of monthly Real Time Information report to HMRC as above.  Plus filing of payments report with pension provider 22.50
Per subcontractor, processing and filing of Construction Industry Scheme (CIS) report with HMRC showing pay and tax deductions 15.00

 

Payroll service includes:

Year end P60 or P45 preparation

And, except for sole director companies:

  • Payslips
  • Deductions for tax, NI, student loan
  • Report of PAYE due and date payable.

 

Bookkeeping and VAT

 

Coman & Co. do not offer a bookkeeping service, but keep a list of local bookkeepers and, on request, can refer clients to an appropriate provider.  Rates typically range from £20 to £35 per hour.

 

Tax advisory

 

Raphael Coman is a Chartered Accountant and Chartered Tax Adviser with a charge out rate for personal tax advisory work of £150 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

 

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