Startup Price Guide

Here at TTR Barnes we know it can be a worry wondering how much your accountant will cost when just starting out. We also understand just how much time and financial investment you have to put in at the start of your own business journey.

We believe in helping new businesses get off the ground and so we’ve put together a set of dedicated startup prices that we hope will take some of the worry away. With our Startup Price Guide, you will know exactly what to expect in terms of fees so there are no hidden surprises or awkward questions.

STANDARD FEES FOR FIRST YEAR OF TRADING

VAT Registered Not VAT registered
Sole Trader £475 £425
Partnership £575 £475
Limited Company/LLP £835 £735

 

Our fees are based on the number of hours taken to produce the financial statements from client records. We know that getting records together is one of the hardest parts of putting business accounts in order.  We can give you guidance and advice on how to make sure your records are in the best possible shape to transfer over to us and avoid any unnecessary costs to put records in order.  Don’t worry – we’ve seen them all!

SELF-ASSESSMENT INCOME TAX RETURN

For an individual self-assessment tax return our fee is £130.

The costs are based on the production of a simple tax return with the main source of income being from the individual’s business. *

*Where individuals have additional sources of income such as rental income, additional costs may be incurred.

BOOKKEEPING AND MANAGEMENT ACCOUNTS PRODUCTION

As no two businesses are the same, these costs are only assessable on a business-by-business basis. We can’t guess the complexity of your business very well (!) so please just contact us to discuss your business further.

PAYROLL SERVICES

If you have employees you may require help with payroll. Our service includes the preparation of payslips on either a weekly or monthly basis depending on your business needs. We also offer a new payroll client discount of 12 months for the price of 9.

No. of Payslips Monthly Weekly
0-5 £4.50 per slip £4.00 per slip
6-10 £3.50 per slip £3.00 per slip

 

In addition, we charge an annual fee of £50 plus VAT to administer the RTI scheme

If you are now breathing a startup sigh of relief, please don’t hesitate to contact us to see how we can help your fledgling business. We offer a free of charge initial consultation where we will discuss all of your requirements.

YOUR DEDICATED STARTUP TEAM

David.Cook@ttrbarnes.com  Startup Specialist, 0191 567 0304, Bio

Karen.Crozier@ttrbarnes.com  Startup Specialist, 0191 567 0304, Bio

Beverley.Kelly@ttrbarnes.com Startup Specialist, 0191 567 0304, Bio

Content created October 2015. Prices may be subject to change.
All prices are given excluding VAT, the annual RTI fee and the 12 months for the price of 9 months discount.

 

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Chartered Accountants in Sunderland, offering expertise on everything from Tax and Business Planning,
to Accounts and VAT.