Fees and Payment

Fees

We offer a fixed fee service for our clients’ basic annual accounts, payroll, bookkeeping and taxation work. This fee will be quoted in advance of work being carried out for our new clients.

Our initial meeting with all new clients is always free of charge and our fixed fee incorporates all accounts and taxation work required to prepare accounts and tax returns to enable submissions to HMRC and Companies House.

For extra work, or additional meetings or questions, we calculate the fee based on an hourly rate for the member of staff who carries out that work, multiplied by the hours taken on that work.

We will give clients a quote for extra work where possible. The main exception to this is for HMRC Enquiries as it can be difficult to gauge how long they will take to resolve.

Our fees are charged at an hourly rate per staff member who carries out that work, multiplied by the hours taken on that work. The type and quality of your bookkeeping and the length of time we have to prepare the figures before a deadline, will all have an impact on the fee.

Fees Start from:

  • £150 for Property Rental businesses and Income and Expenditure Accounts;
  • £200 for Sole Trader businesses where a full set of accounts, a Profit and Loss Account and a Balance Sheet, are prepared;
  • £300 for Partnership accounts;
  • £400 for Limited Company accounts;
  • Payroll fees start from £5 per week for weekly payroll or £10 per month for monthly payroll work;
  • £50 per Return for VAT Return preparation;
  • £60 for Self Assessment Tax Returns.

All fees quoted are subject to VAT at the Current Standard Rate being charged.

If you would like a quote for your any type of service we offer please contact us.


Payment

We accept payment by BACS, cheque and credit card.

We offer interest free monthly payment options by standing order.


Payment Terms

Our payment terms are strictly 30 days net from date of invoice.

We must insist you adhere to our payment terms for the benefit of all parties.

We issue our invoices on the completion of each stage in our work, draft management accounts for example or monthly or quarterly for payroll and bookkeeping work.


Payment Methods

Bacs

Our preferred method of receiving payment is for our clients to pay by directly into our bank account by Bacs.

Our bank details are clearly shown on our invoices and statements.

Bacs payments must be received within 30 days of the date of invoice as per our terms and conditions.

Cheque

We will also accept payment of our fees by cheque payable to C Todd & Co.

Cheque payments must be received within 30 days of the date of invoice as per our terms and conditions.

Credit Card

We accept payment by MasterCard and Visa Credit Cards.

Credit card payments must be received within 30 days of the date of invoice as per our terms and conditions.

Interest Free Monthly Standing Order

We can offer our smaller clients the opportunity to spread the cost of their accountancy fees over a year by setting up a monthly standing order payment.

This helps your cash flow as clients do not have to pay for their services in one payment.

If your total annual fee is less than £750 including VAT you can setup your standing order payment for one month after the invoice date. Therefore you will only start to pay for work once it has been completed.

If you are an existing client who does not pay by monthly interest free standing order, and you see the benefits of switching to this payment method, please contact us for details.

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C Todd & Co, Redlands Business Centre, 3/5 Tapton House Road, Broomhill, Sheffield S10 5BY