Terms & Conditions

Bookkeeping:

Service includes (monthly or quarterly) :

Collation of data
Entry to SAGE
Provision of creditor, debtor and bank information
Completion of VAT return
Specific reports requested by client
One hour (up to) debrief with client

Conditions:

Client has separate business bank account
Limited personal transactions including credit card usage
Records available as agreed timescale
Costs reviewed annually
Payment by monthly standing order

Reduced Fees:

For clients using BSAC for accounts preparation there will be a 10% reduction in their accounts charge

Annual Accounts

Service includes:

Sole traders:

Preparation of accounts
Completion of income tax return, submission online
Dealings with Inland Revenue
Managing filing deadlines
Managing tax liabilities and payment dates
All necessary meetings
Record keeping advice
Business improvement advice and recommendations where appropriate
Advice on business image

Partnerships:

Preparation of annual partnership accounts
Preparation and submission of annual partnership tax return
Preparation and submission (online) of individual partners' personal tax returns
Annual review of accounts
Dealings with Inland Revenue
Managing filing deadlines
Managing tax liabilities and payment dates
All necessary meetings
Record keeping advice
Business improvement advice and recommendations where appropriate
Advice on business image

Limited Companies:

Preparation of full annual accounts
Preparation of Companies House set of accounts (abbreviated version)
Preparation and submission of corporation tax return
Managing tax liabilities and payment dates
Managing filing dates
Annual review of accounts
Submission of annual return online
All necessary meetings
Record keeping advice
Business improvement advice and recommendations where appropriate
Advice on business image

Conditions

If BSAC does not provide bookkeeping services then the books presented must be of a required standard (BSAC to inform). Should work be required to bring the presented books up to accounts standard then BSAC will agree charges with you before the work commences
Books must be available no later than 4 months before the statutory filing date in the case of limited companies and by 1 November following the end of the tax year in the case of sole traders and partnerships

Payroll

Service includes:

Preparation of payslips on a monthly basis (please ask about weekly)
Managing and advising tax and NIC liabilities
Preparation of all year-end returns
Provide P45's for leavers
Advice on deadlines
All necessary meetings

Conditions

Payment by monthly standing order

Reduced Fees

Provided free of charge (first 5 employees) to any client providing in excess of £1500 of annual fee income to BSAC

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