Sole Trader price comparison
Limited Company price comparison
General price guideline (for adhoc services)
Company Secretarial Duties: Changing of share allocation, changes of share class, adding or removing a director, updating Persons of Significant Control (PSC) Persons of Significant Control
Starting from £85+VAT
Preparing a set of Dormant Company accounts and filing with HMRC & Companies House.
Year End Company Accounts, tax computations and filing with HMRC & Companies House up to £500k
Starting from £948+VAT
Year End Company Accounts , tax computations and Filing with HMRC & Companies House turnover over £500K
Starting from £1200+VAT
Group Company Accounts, , tax computations and Filing with HMRC & Companies House
Starting from £1,500+VAT per company
Self Assessment Tax Return (Basic) for Sole Trader
Starting from £300+VAT (not including any associated bookkeeping)
Self Assessment Tax Return for Company Directors
Starting from £275+VAT
Self Assessment Tax Return for sole trader including property and/or investment income
Starting from £395+VAT (not including any associated bookkeeping)
LLP Accounts, including filing with Companies House and HMRC and Partnership Tax Return
Starting from £950+VAT
Registration of business or individual for any tax with HMRC: VAT, Self Assessment, PAYE, CIS
£85+VAT per tax
Incorporation of a limited company including registration for corporation tax
Annual fee to act as Company Registered Office
Companies House Confirmation Statement (filing fee £13)
£60+ Filing Fee
To set up Cash Flow Forecasting and Budgeting
Starting from £475+VAT for half a day
On going production of Management Accounts, Cash Flow Forecasting, Budgets
Starting from £100+ VAT
Mortgage Application Support/Letter
Starting from £85+VAT
Finance School – New for 2021, Workshop-based support to help understand accounts and plan for sustainable growth
Starting from £99+VAT
Tax Investigation Cover – covers our fees in case of an HMRC investigation
Sole Trader - £85+VAT per year
Ltd Company - £120+VAT per year
Bookkeeping and/or VAT
CIS Monthly Return
£45+VAT per hour or a fixed monthly retainer and per transaction
Payroll is priced per payroll run:
New Starter and leavers are charged as a fixed fee each
Director only payroll up to 2 directors
Payroll for Directors and employees to include RTI, Payslips, Payroll Journal and Pension up-loads:
Simple/Salary no monthly changes
Multiple monthly changes
Storage of accounts paperwork after year end
£50+VAT per month
All prices are correct as of December 2021.
All prices are subject to VAT at 20% apart from HMRC filing fees which are exempt from VAT.
Depending on accuracy of bookkeeping and complexity of the company structure.
Based on simple tax return where no complicated property and/or investment portfolios are involved.
Depending on the amount of work that is required to complete the application and/or letter.
Quick Queries - Outline
Why we developed this service?
At PAL (Penney’s Accountancy Ltd) we want to work with our clients on an ongoing basis as a trusted adviser rather than just being a bean counter who reviews accounts at the end of the year. We want to be made aware of any possible change in circumstances that may have financial impact on your situation, so we can ensure you have considered all the implications and are making the best decisions. To make it easy for you to contact us we don’t charge for quick queries. We have found that by offering this service it can prevent mistakes that may have a more costly implication later on, and also may identify opportunities for tax savings.
When should you use this service?
This service can be used for any quick query when you want advice/clarification around an issue. It can include things such as:
VAT or PAYE coding queries
To clarify if something is billable or not
Considering purchase or sale of an asset
Change in business structure or employment situation
At Penney’s we have a vast amount of expertise and resources to share with our clients not only in terms of financial expertise, but also around HR, Selling, Marketing and IT issues. If you can make us aware of your situation then we will be happy to support you where we can. Please use your Client Manager as your initial contact point for your quick query as they are generally much easier to get a hold of than a Partner and can readily answer most quick queries.
What is included?
A quick query is something that can be raised and resolved within a ten minute time frame, whether that is over the phone, in an email or in a face to face conversation.
It does not include multiple “quick queries“ on the same subject nor does it include ongoing support for Accounting Software Services like Quick Books, Xero and SAGE as these companies each have their own helpdesk support.
It may be that we identify that there is not a simple quick solution to your query and more time is required to determine the best outcome for your query. With the Penney’s Accoutancy policy of upfront pricing we will always make it clear of the potential fee involved and give you the option of whether to continue. So as a first step always call us to make us aware of the issue so we can let you know of the options moving forward.
“If in doubt gives us a shout”
Call PAL on 01252 856150 with any Quick Query you may have
Benefits of our Quick Query Service
No bill for a quick question with a quick answer
Avoids mistakes that may have costly implications later down the line
Builds the relationship between us as it keeps us in the loop of your proposed plans
Can help identify opportunities for savings
We may present an alternative point of view
Any potential areas of risk or concerns over your query will be highlighted to you
You will have informed decision-making and better understanding of the potential impacts of your query
It will help you identify what are points of consideration that need to be addressed
Identify further issues for you to action that they may not have thought about
You will have access to the collective wisdom of PAL’s Accountants; its systems, products and services