Sole Trader price comparison  

Belt and Braces 

Monthly bookkeeping 
VAT 
Self Assessment Tax Return 
Payroll up to 5 members of staff 
CIS Return + CIS Suffered 
Registered Office 
Tax Investigation Insurance 
Advisory services 
Quarterly budgets and forecasting 
Xero subscription 
Quarterly meetings 
from £443+VAT per month 

Peace of mind 

Quarterly bookkeeping 
VAT 
Self Assessment Tax Return 
Payroll up to 5 members of staff 
CIS Return + CIS Suffered 
Registered Office 
Tax Investigation Insurance 
Advisory services 
Quarterly budgets and forecasting 
Xero subscription 
Annual meetings 
from £223+VAT per month 

DIY 

Annual bookkeeping 
VAT 
Self Assessment Tax Return 
Payroll up to 2 members of staff 
CIS Return + CIS Suffered 
Registered Office 
Tax Investigation Insurance 
Advisory services 
Quarterly budgets and forecasting 
Xero subscription 
Meeting 
from £42+VAT per month 

Limited Company price comparison  

Belt and Braces 

Monthly bookkeeping 
VAT 
Self Assessment Tax Return 
Company Accounts 
Payroll up to 5 members of staff 
CIS Return + CIS Suffered 
Registered Office 
Confirmation Statement 
Tax Investigation Insurance 
Advisory services 
Quarterly budgets and forecasting 
Xero subscription 
Quarterly Meeting 
from £498+VAT per month 

Peace of mind 

Quarterly bookkeeping 
VAT 
Self Assessment Tax Return 
Company Accounts 
Payroll up to 5 members of staff 
CIS Return + CIS Suffered 
Registered office 
Confirmation Statement 
Tax Investigation Insurance 
Advisory services 
Quarterly budgets and forecasting 
Xero subscription 
Annual meeting 
from £313+VAT per month 

DIY 

Quarterly bookkeeping 
VAT 
Self Assessment Tax Return 
Company Accounts 
Payroll up to 2 company directors 
CIS Return + CIS Suffered 
Registered Office 
Confirmation Statement 
Tax Investigation Insurance 
Advisory services 
Quarterly budgets and forecasting 
Xero subscription 
Meeting 
from £193+VAT per month 

General price guideline (for adhoc services) 

Company Secretarial Duties: share allocation, share class, directorship, Persons of Significant Control 
 
Starting from £50+VAT 
Preparing a set of Dormant Company accounts and filing with HMRC & Companies House. 
£250 + VAT. 
Year End Company Accounts, tax computations and filing with HMRC & Companies House up to £500k 
 
Starting from £875+VAT 
Year End Company Accounts , tax computations and Filing with HMRC & Companies House turnover over £500K 
Starting from £975 + VAT 
Group Company Accounts, , tax computations and Filing with HMRC & Companies House 
Starting from £1,200 + VAT per company 
Self Assessment Tax Return (Basic) for Sole Trader 
Starting from £275 + VAT (not including any associated bookkeeping) 
Self Assessment Tax Return for Company Directors 
Starting from £250 + VAT 
Self Assessment Tax Return for sole trader including property and/or investment income 
Starting from £350 + VAT (not including any associated bookkeeping) 
LLP Accounts, including filing with Companies House and HMRC and Partnership Tax Return 
 
Starting from £875+VAT 
Registration of business or individual for any tax with HMRC: VAT, Self Assessment, PAYE, CIS 
 
£75+VAT per tax 
Incorporation of a limited company including registration for corporation tax 
 
£120+VAT 
Annual fee to act as Company Registered Office 
£50+VAT 
Companies House Confirmation Statement (filing fee £13) 
 
£50+VAT + Filing Fee 
Management Accounts, Cash Flow Forecasting, Budgets 
Starting from £75+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 
£35+VAT per hour or a fixed monthly retainer and per transaction 
Payroll is priced per payroll run: 
Payroll for Directors and employees to include RTI, Payslips, Payroll Journal and Pension up-loads  
Director only payroll up to 2 directors 
 
 
 
£30+VAT 
1-5 employees 
6-10 employees 
11-15 employees 
16-25 employees 
26-35 employees 
36+ employees 
£45+VAT 
£75+VAT 
£100+VAT 
£145+VAT 
£175+VAT 
TBA 
Storage of accounts paperwork after year end 
£50+VAT per month 

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 
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