ALL PRICES ARE LISTED EXCLUDING VAT

We are an accountancy practice that offers the traditional accounting services like year-end accounts and tax returns but we don’t shout about these services. The work we love to deliver is the advisory work where we can truly add value to your business and help support your growth!

It is important for us to keep in regular contact with you to keep up to date with the performance of the business and be your financial expert to support you in making business decisions. The last thing you want is to meet your accountant after the year. 

As a minimum we request quarterly catch-ups - there is so much that can change in the business landscape in a short period of time so this regular contact ensures we are on top of everything.

Clients can arrange a monthly catch up with either an Outsourced FD or FC, costing £107 a month for an FD or £55 a month with an FC. Alternatively, you can opt for a quarterly catch up, costing £36 a month with an FD or £18 a month for an FC.

Topics we cover in the meeting:

• Cashflow forecasting
• Funding review
• Marketing process review
• Recruitment and planning
• Sales process review
• Software and systems review
• Spending review

We implement our Pre-Year End Tax Planning Review up to 3 months before your year-end so we can ensure you do everything possible to ensure you are operating as tax efficiently as possible. This includes reviewing current company performance so can:

1. Review allowable expenditure you have and haven't included

2. Consider accelerating expenditure to reduce tax in the current year

3. Consider investments to reduce tax

4. Overview of current salary and dividends

Pre-year-End Tax Planning Reviews are available at a fixed price of £20 per month for the year.

This is a big step up on the catch-ups we mention above and in these Strategic Reviews, we will take a deep dive into the business's performance and discuss any areas that we have identified that will benefit from some closer attention, guided by the management reports which will be presented in the meeting and discussed in detail. This focuses on more than just the numbers - we identify key performance indicators that drive the business forward and set targets to achieve desired growth.

Qarterly meeting are available at a fixed price billed at £119 per month.

Management Accounts

Monthly Management Accounts vary in price, depending upon the company’s annual revenue range. The starting price is £270 per month for companies with revenue ranging from nil to £30k, with revenues between £4m-£6.5m billed at £811 per month. Higher revenues than this will be billed on a bespoke basis and will also depend upon frequency of the accounts.

Month End  

Month End process starts at £15 a month for companies with nil revenue. Revenues up to £30k will be billed at £56 a month. This fee will get progressively higher as revenue range increases.  

With the ever-changing tax rates and brackets, there is no longer one fixed way to extracting funds from the business, we will review how you currently extract money from your business and ensure you are doing so in the most efficient manner from your business and personal tax position.

Remuneration Planning Reviews are billed at a fixed price of £11 per month per shareholder.

A Tax Review: Starter planning can be arranged for a one-off cost of £162.

We believe that every business should have a full-year financial budget to plan where you want to be heading. This gives direction to the owners and the entire team as to what the business is trying to achieve so you are all working in sync. We’ll also create, manage and update a rolling 12-month forecast so you always know what the future financial performance and position of the business looks like, based on what we already know today (committed sales and costs). This is about bringing the future into the present so you can do something about it.

• Our forecasts are also billed based on annual revenue, starting at £108 a month for revenues up to £30k. The fee will get progressively higher as revenue range increases.

• Forecasts are also available on a one-off basis, starting at £1,560 for simple P&L only forecast.

• Budgets are paid for monthly, starting at £64 a month for revenues up to £30k, with fees increasing proportional to revenue.

Let us free you up to focus on what you specialise in the commercial elements of the business whilst we focus on what we specialise in, the finance function.

Systems will be put in place, including digitising the core accounting functions, so time is freed up for us to add true value to the success of your business by fulfilling the role of an external Finance Director.

By creating bespoke management accounts and bringing in the cashflow forecasts and budgets, together we will be in a perfect position to make informed business decisions.

We will support the growth of the business, from due diligence work and advising on acquisitions, to driving organic growth by providing detailed analysis.

Cash is king to any business and utilising software available can save time chasing individuals and automate the cash collection process allowing you to re-invest your profits earlier.

Our attendance at monthly board meetings will be beneficial to support discussions on the business’s performance and to provide a qualified external opinion on the company’s financial performance.

Although we hate charging for work on an hourly / day rate sometimes it is unavoidable. Our day rate for this service is £952 and we have worked with businesses from a day a month to 2 days a week.

At Gravitate Accounting we are all about ensuring the right work is completed at the right level so we offer a manager level support . This service is priced at £571 per day.

• Outsourced Finance Director – Full Day: £952

• Outsourced Financial Controller – Full Day: £571

• Outsourced Finance Director – per hour: £139

• Outsourced Financial Controller – Full Day: £85

Other members of our digital accounting team can also be booked out on a daily or hourly basis.

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ALL PRICES ARE LISTED EXCLUDING VAT

These are generally the services your business requires to remain compliant with the regulations with deadlines set with penalties issued if not hit.

We will support you through this process planning for taxes due way ahead deadlines to ensure you get no surprises.

As a limited company, you are required to prepare statutory accounts and submit these to Companies House annually within 9 months and a day of the year-end and a Corporation Tax Return within 12 months.

Our aim is to get these accounts submitted within 3 months of the year end giving you plenty of time to plan for your tax payment due 6 months after.

We invoice all our fees monthly to help spread the costs over the year and avoid one-off fees for our clients.

Annual Accounts start at £35 a month for companies with revenue at nil. For revenues up to £30k, this is £43 a month. This fee gets progressively higher as revenues increase, up to £375 a month for revenues exceeding £20m.

For LLPs, our pricing starts at £46 (nil revenue) and £56 a month for revenues up to £30k with progressive fee increases thereafter.

This fee will vary depending on which party maintains the company records.

Corporation Tax Returns

Corporation Tax Return fees are based on company revenue, starting at £15 a month for revenues up to £30k (or £11 a month for nil revenue).

This fee increases progressively for higher revenues, up to a maximum of £126 a month for revenues exceeding £20m.

This fee will vary depending on which party maintains the company records.

We complete a 3-level review on your VAT return to ensure we recover every bit of VAT due to you. First of all the VAT return will be prepared and reviewed by one of our team. We then use the best software that runs a review of all your transactions and identifies anomalies in your posting, which we complete a further review on. Finally, the return is reviewed at manager level before it is sent out to you to confirm. We then tell you exactly how much to pay and how to pay it making everything simple for you.

Our Digital VAT Returns service starts at £43 a month for revenues up to £125k. This fee gets progressively higher as revenue grows and will also vary depending on whether the returns are monthly or quarterly.

This is small but important task. You are required to submit a confirmation statement each year. We keep on top of any changes through the year then 2 weeks prior to the due date we will send round the information to approve and we will chase you to make sure we don’t miss the deadline.

Our fee for this is £12.50 per month.

As well as planning how you extract the money from your company we will prepare your personal tax return.  

Directors pay a fixed starting price of £260. This is based on just salary and dividends. Fees will change depending on number and complexity of income sources.

Historic directors tax returns are available for a one-off fee of £273 based on just salary and dividends. This fee increases if more income sources are involved.

We take great pride in transparency and accessibility of Payroll pricing. This means no surprise bills and a clear understanding of what our services cost, so you can make confident decisions.

There is a £18.20 standing charge, which includes 1st payslip, then an additional charge per payslip, starting at £7.28 each for payslips 2-10. You get better value as your team grows, as payslips 31+ are £5.72 each.

If your payroll changes month to month (e.g. fluctuating staff numbers or hours), an additional 10% is applied to the base payroll price to reflect the extra processing time.

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In the modern day and age, you don’t need an admin member of staff based on site completing your bookkeeping and potentially doing it badly. It’s important that the people completing your bookkeeping are qualified to do so and understand what they are doing by ticking certain boxes.

So what’s the solution? Gravitate Accounting can provide you with the full bookkeeping service that scales up as your business grows.

Using GoProposal we can review the level of transactions that go through your business and provide a full outsource bookkeeping service so you can focus on running your business.

We can complete all of these services on your behalf:

• Raising, sending and reconciling invoices
• Debt collection
• Purchase invoice management and payment runs 
• Cashflow management 
• Paying staff salaries and expenses
• Bank reconciliation
• Email management

We work with the best software providers and if you are subscribing to the likes of Dext and Pleo we may be able to get you a better price.

Xero Migration and Training

• A new Xero set up for a business is charged at a one-off fee of £338

• Converting to Xero from another platform is charged at a one-off fee of £843. If there are existing projects require migration, the fee is £1,406

The above pricing is based on use of MoveMyBooks. Without this, fees will be higher. Additional fees will also be payable if you wish to migrate beyond the current and previous year.

Our standard Xero training package is £400, but additional sessions can also be added.

Dedicated ongoing support for Xero is available starting from £56 a month.

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