How much will I pay for the service? The beauty of the online system is that you may chose the level
of involvement you take in your accounting - and you can change that level
of service over time.
This means that we do not offer a one-price-fits all solution. We charge
a mere £10 +VAT per month for
the usage of the software. In addition to that, you only pay for our time,
if and when you do need to use us.
What is the minimum costin the first year? The fee for
the software is £120 per annum (£10 a month). In the first instance we charge a small fee of £80 for the cost of setting
you up as a client and following through with the Money Laundering Regulations procedures. This is a one time fee. Based on our experience with new users, we estimate that the amount of support a very
experienced user might seek through the course of the first year
typically includes five hours of training, support and
accountancy advice and this amounts to approximately £250.
If you are very experienced in accounting matters then this might be all
you need - but most businesses will want more support and advice from
an accountant to get their accounts right and to minimise their tax liability.
What might a new business be charged? This is very difficult because different people need different amounts
of help, depending on their previous experience of tax and accounting.
We have found that the clients who try too hard to economise on the help
from the bookkeeping team end up paying more when it comes to prepare
their final accounts.
Do you offer any fixed fee options? At the moment we do not offer a fixed fee - because most clients want
to reduce their costs over time as they become more efficient. They can
only do this if they get more help at the beginning when they need it.
However we do offer a standing order arrangement. This would fix your
monthly payments. Typically £100+ VAT per month is adequate and
this can be reduced once you are in credit. Most clients find that they
need most help in the first couple of months - so they are easing their
cash flow by this arrangement
What about setting up an existing business with a previous accounts history? Some clients have actually gone back through their accounting records
and entered all the transactions as a learning exercise and to have a
full set of accounts in one system. For most businesses this is not practical.
We can explain how to set up your opening balances or will do this for
you.
To find out more about the pricing structure for our Online Accounting Services, please call us at +44 (0)1223 507080 or email at info@tax.uk.com
How much will I pay for the service?