Director: Rob Bonehill (FCA)

Website designed by RJ Accountancy Limited

RJ Accountancy

Telephone 01526 354687

Chartered Accountants

We are open during COVID-19 please see LINK


RJ Accountancy offer straightforward fixed fee accountancy services for companies and individuals. Limited company accountant fees start at £210 for a low turnover company. For self assessment accountant fees we charge £99 for a basic return.  VAT of 20% should be added to all of our fees.


Our fixed fee schedule is based on the requirements of your business and your turnover. Separate fees are charged for accounts preparation, filing of tax returns, VAT and PAYE.  You will only be charged for the services you need.  See a full breakdown of all of our fees below.


Please note these are total annual fees and not a monthly fee.  We can provide a monthly fee from £25 a month including VAT based on the numbers below.



Our Fees

Company accounts and

Corporation Tax return

Turnover

Fee rate

£0k to £10,000

£210 + VAT

£10,000 to £20,000

£270 + VAT

£20,000 to £30,000

£330 + VAT

£30,000 to £40,000

£390 + VAT

£40,000 to £55,000

£450 + VAT

£55,000 to £70,000

£510 + VAT

£70,000 to £100,000

£570 + VAT

£100,000 to £130,000

£630 + VAT

£130,000 to £160,000

£690 + VAT

£160,000 to £200,000

£750 + VAT

£200,000 to £250,000

£810 + VAT

£250,000 to £300,000

£870 + VAT

£300,000 to £400,000

£930 + VAT

Others on request


VAT Returns

Annual turnover

Fee rate per return

£0 to 100,000

£100 + VAT

£100,000 to 200,000

£150 + VAT

£200,000 to 400,000

£200 + VAT

Others on request


PAYE


Fee rate

Annual charge per property

£25 + VAT

This includes all preparing and filing the Company accounts with Companies House and the Corporation Tax return with HMRC.  We will also look at options to improve tax efficiency. The turnover is the net number in the accounts so does not include VAT.


Occasionally a company may have a period over 1 year.  Since HMRC only accept corporation tax returns for upto 12 months a second CT600 is required and we charge an additional £50 plus VAT for this.

Fees for preparing and submitting VAT returns are charged per return.  


A business with annual turnover of £92,000 and doing quarterly returns would be charged £100 per quarter or £400 per year for VAT work.

Company directors often pay a monthly salary to make use of personal tax allowances. If a director wishes to pay over the lower earnings limit (£6240 for 2020-21) then PAYE registration and monthly submissions are needed. You may wish to do your own PAYE submissions or we can help.


We can also offer payroll for regular employees.  Fees are based on a fixed charge per reporting date (eg, monthly) and an additional fee per employee.

Rental Properties

(Self-Assessment)

Fees for rental properties are charged annually per property included on the tax return.  These fees are in addition to the standard £99 for a self assessment tax return.


If you share the ownership of a property you will only be charged once.  Eg, husband and wife own 2 properties and both require self assessment tax returns.  Fees are 2 x £25 plus 2 x £99 = £248 total fees.   



Fee rate

Annual charge per director

£100 + VAT

Fee schedule

We provide cloud accounting services based on your businesses specific needs.  Because of the wide range of options here we struggle to provide a menu of services and costs.  


You may wish us to review your own cloud bookkeeping work on a regular basis or you may wish us to do all of your bookkeeping for you.  Reviews may occur on a monthly basis or perhaps quarterly to coincide with VAT quarters.


Our packages can include the subscription costs which may help to bring the total cost of the package down.  Our software partners include Quickbooks and Xero.


There may be some upfront additional costs required to set up cloud accounting services.  These tend to be on an hourly basis.  We will aim to give a rough idea of time/cost and keep you updated if the level of work required changes at the earliest opportunity.

Cloud Accounting Services

We appreciate that our fees are relatively low compared to other Chartered Accountants.


In order to provide these low fee rates we do require that records are well maintained and the information provided to is accurate and delivered on a timely basis.



Record Keeping

Tax Planning

Sometimes the work we do can flow into complex tax planning matters which take up additional time than we make allowance for in our above fee schedules.  


If it looks like we are spending significant time on tax planning we will make you aware of this at the earliest opportunity and ideally at the initial meeting. We would look for extra fees based on the tax planning work required.



Partnerships

Type

Fee rate

Partnerships

£100 + VAT

For a partnership we charge a £100 fee a partnership returns along with the business accounting fee and the cost of individual self assessment returns as shown above.


This is in addition to the self-assessment tax return fees for the individual partners.  HMRC requires that a separate partnership return is completed along with the self assessment tax return for each partner.

Incomplete Work

Other Work

Payment terms

Occasionally we are approached to do work which is outside of the normal fixed fee schedule items.  A fixed fee for this type of work can normally be provided on request. If that is not possible we may be able to consider charging at an hourly rate.

We may be approached to take on work at a fixed fee and the work is started but not completed due to changes in the client circumstances.  If this occurs we may look to invoice part of the agreed fixed fee based upon the level of completion of the work.

If we are preparing year end accounts or quarterly VAT returns we normally issue an invoice at the point where we issue draft numbers.


We then go through a review process and identify any potential issues and this is followed by obtaining approval that the numbers are ready to be submitted.


At that stage all numbers are prepared to be submitted and we look for payment prior to actual submission.  The final submission normally can take place on the same or following day and we can provide confirmation that submissions have been accepted.

For a basic tax return with PAYE income, dividend income, interest income or pensions.


Separate additional fees are charged if business accounts are required or property rental income calculations.

Self Assessment Tax Returns

Type

Fee rate

Self assessment tax return

£99 + VAT

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Sole Trader/Partnership accounts (Self Assessment)

Turnover

Fee rate

£0k to £10,000

£50 + VAT

£10,000 to £20,000

£100 + VAT

£20,000 to £30,000

£150 + VAT

£30,000 to £40,000

£200 + VAT

£40,000 to £55,000

£250 + VAT

£55,000 to £70,000

£300 + VAT

£70,000 to £100,000

£350 + VAT

£100,000 to £130,000

£400 + VAT

£130,000 to £160,000

£450 + VAT

£160,000 to £200,000

£500 + VAT

Others on request


If you have a Sole Trader or a Partnership business you will need to prepare accounts in order to complete the self assessment tax return.  Our fee schedule reflect the additional work involved as a buisness grows.


For example the total fees for a person with a small business with turnover between £30k and £40k would be the £200 + VAT accounts fee along with the £99 + VAT self assessment return fee.  So a total of £299 + VAT for all year end filings.