Accounts Packages
Start Up Business Packages
New Client Startup
If you are a startup business the process is straightforward:
If you are a startup business the process is straightforward:
- After our initial free consultation we will create a detailed package of services you would like us to provide.
- We will supply you with a business guide book and a record keeping checklist, so you are aware of your obligations and to ensure compliance with HMRC.
- We will recommend the most appropriate software, that may be a cloud based package, desktop package or excel spreadsheets.
- We will install the software, customise the chart of accounts specific to your business needs, customise sales invoices and set up the payroll if needed, and any other set up work that is required
- Then we are ready to go and can start work.
Rescue Packages
What is a rescue
It's not deliberate. You had good intentions. Time runs away from you because you are busy running a business. Before you know it, it's VAT time AGAIN and you know you're going to have to spend the weekend getting it done.
Or maybe you had someone who you thought you could trust but got it all wrong because of their inexperience.
Over time the problem becomes so big that:
It's what we call 'The Bookkeeping Monster!'
What's the good news?
We can tame The Bookkeeping Monster, we create packages and put systems in place to empower business owners in their financial matters, removing confusion, fear and uncertainty and replacing it with clarity, freedom and control.
Because every 'rescue job' is as individual as you are we can't say exactly what we need to do to clean it up, get you up to date or how long it will take. During the initial consultation when we complete a 'Health Check' we will explain to you what the problems are and what needs to happen to transform your records into a source that provides you with reliable information.
Bookkeeping Issues
Essentially though we will do whatever it takes as quickly and efficiently as possible. Some of the issues we will address are:
The implications of these issues are:
It's not deliberate. You had good intentions. Time runs away from you because you are busy running a business. Before you know it, it's VAT time AGAIN and you know you're going to have to spend the weekend getting it done.
Or maybe you had someone who you thought you could trust but got it all wrong because of their inexperience.
Over time the problem becomes so big that:
- It has taken over your workplace
- It keeps you awake at night
- You don't know where to start
- You're fearful that HMRC will call
- You have no idea how much tax or VAT you owe
- You are completely in the dark
It's what we call 'The Bookkeeping Monster!'
What's the good news?
We can tame The Bookkeeping Monster, we create packages and put systems in place to empower business owners in their financial matters, removing confusion, fear and uncertainty and replacing it with clarity, freedom and control.
Because every 'rescue job' is as individual as you are we can't say exactly what we need to do to clean it up, get you up to date or how long it will take. During the initial consultation when we complete a 'Health Check' we will explain to you what the problems are and what needs to happen to transform your records into a source that provides you with reliable information.
Bookkeeping Issues
Essentially though we will do whatever it takes as quickly and efficiently as possible. Some of the issues we will address are:
- Bank accounts or credit cards that don't reconcile with the statements.
- Old unpresented transactions in the bank account or credit card
- Trade debtors and trade creditors don't balance with the balance sheet
- The trade debtors and trade creditors aren't real i.e outstanding invoices and bills have already been paid but still showing as outstanding.
- Incorrect previously submitted VAT
- Payroll categories that are incorrectly set up therefore giving you incorrect information in payslips, incorrect tax tables and payment summaries.
The implications of these issues are:
- You may be paying the wrong VAT, Tax & PAYE
- You may be subject to fines & Interest
- You may be making strategic business decisions based on unreliable figures with dire consequences.
Ongoing Support Packages
Bespoke packages for ongoing support
Every business is unique so we aim to create packages that are individually tailored to your needs. Please see our 'services' page for a list of the services we offer.
We can do as much or as little as you want, from being your own outsourced accounts office to just preparing your sales invoices.
Every business is unique so we aim to create packages that are individually tailored to your needs. Please see our 'services' page for a list of the services we offer.
- We provide a free initial consultation and health check to determine your needs and the services you would like us to provide.
- We will provide you with a detailed list of the services to be provided.
- Based on the number of transactions, the accounts packages to be used, the services offered and the complexity of the work we will provide you with a fixed fee quote.
- Then we are ready to go and can start work.
We can do as much or as little as you want, from being your own outsourced accounts office to just preparing your sales invoices.
Sole Trader End of Year Packages
These packages are based on a business that does not require any assistance with bookkeeping.
Year End Accounts Package – From £225.00
One set of Annual Accounts – Profit & Loss Account and Balance Sheet
Self Assessment Online Package – From £75.00
One Self Assessment Tax Return – SA100 and submission to HMRC
Year End Accounts + Self Assessment Online Package – From £300.00
One set of Annual Accounts – Profit & Loss Account and Balance Sheet
One Self Assessment Tax Return – SA100 and submission to HMRC
The prices quoted above are based on a sole tradership business not registered for VAT.
Additional fees will be charged for the following:
Corrective bookkeeping work if there are any queries, errors or omissions from the records supplied to us.
Specialist or complex tax queries.
Individuals who need to include the following details on their self assessment form: rental income, CIS, foreign income, tax avoidance schemes, capital gains, trusts or are non UK residents.
Year End Accounts Package – From £225.00
One set of Annual Accounts – Profit & Loss Account and Balance Sheet
Self Assessment Online Package – From £75.00
One Self Assessment Tax Return – SA100 and submission to HMRC
Year End Accounts + Self Assessment Online Package – From £300.00
One set of Annual Accounts – Profit & Loss Account and Balance Sheet
One Self Assessment Tax Return – SA100 and submission to HMRC
The prices quoted above are based on a sole tradership business not registered for VAT.
Additional fees will be charged for the following:
Corrective bookkeeping work if there are any queries, errors or omissions from the records supplied to us.
Specialist or complex tax queries.
Individuals who need to include the following details on their self assessment form: rental income, CIS, foreign income, tax avoidance schemes, capital gains, trusts or are non UK residents.
Small Limited Company End of Year Packages
These packages are based on a business that does not require any assistance with bookkeeping.
Year End Accounts Package – From £300.00
One set of Statutory Annual Accounts and submission to Companies House
Corporation Tax Package – From £150.00
One Corporation Tax Return – CT600 and submission to HMRC
Year End Accounts + Corporation Tax Package – From £450.00
One Set of Statutory Annual Accounts and submission to Companies House
One Corporation Tax Return – CT600 and submission to HMRC
The prices quoted above are based on a small limited company, below 6000 transaction per year.
Additional fees will be charged for the following:
Corrective bookkeeping work if there are any queries, errors or omissions from the records supplied to us.
Specialist or complex tax queries.
Year End Accounts Package – From £300.00
One set of Statutory Annual Accounts and submission to Companies House
Corporation Tax Package – From £150.00
One Corporation Tax Return – CT600 and submission to HMRC
Year End Accounts + Corporation Tax Package – From £450.00
One Set of Statutory Annual Accounts and submission to Companies House
One Corporation Tax Return – CT600 and submission to HMRC
The prices quoted above are based on a small limited company, below 6000 transaction per year.
Additional fees will be charged for the following:
Corrective bookkeeping work if there are any queries, errors or omissions from the records supplied to us.
Specialist or complex tax queries.
Ontrack Accounting Services Limited - Registration Address: Riverview, Padmore House, Beatrice Avenue, Isle of Wight, PO32 6LP. Registered in England. Registration No. 08931514.
Ontrack Bookkeeping Services Limited - Registered Address: Riverview, Padmore House, Beatrice Avenue, Isle of Wight, PO32 6LP. Registered in England. Registration No. 09006673
Ontrack Bookkeeping Services Limited - Registered Address: Riverview, Padmore House, Beatrice Avenue, Isle of Wight, PO32 6LP. Registered in England. Registration No. 09006673