The recent legislation (limited thus far to Insurance companies and Telecoms providers) requires that all existing Clients be offered exactly the same terms as any New Clients.
As this is a great idea, we have been pro-active and applied this principle to our practice also.
Since the offer to new Clients be that this is Free of Charge(FOC), so it will apply for all Clients in the following categories:
Type A: Sole Traders Accounts and Self Assessment Tax Return.
Type B: Landlords Rental Accounts and Self Assessment Tax Return.
Type C: Micro Entities with Directors and no VAT registration (turning over less than £85K per annum).
Type D: Micro Entities with Directors (turning over less than £200K per annum).
Type E: Micro Entities with Directors (turning over less than £500K per annum).
Type F: Micro Entities with Directors and Special Requirements (“Gold”).
Type G: Others with Special Requirements (“Diamonds”).
In all cases everyone is subject to our:
Standard Terms of Engagement
Standard System and Procedure
Our Standard Agreed Timetables for delivery of service
“Early Bird” discount
You will also qualify for favourable Terms to our Tax Investigation Protection Service (TiPS) (charged separately).
Please enquire, if you are interested.
This offer is not extended to Clients who are referred to as “Special”, requiring tailor made services.
Anything not included in the Basis of Engagement is strictly not included and is subject to separate engagement terms.
Any additional services sought which are not part of the engagement, will be subject to a separate quotation on fixed fee basis (provided the engagement is fixed) or at a charge out rate of £300 per hour, by any member of the Avar Team.
It is recommended that you seek advice as to whether it will cost you more before requesting work to be done which is outside the engagement basis.
Standard Service Fee
Our engagement incorporates Standard Services which are provided at a cost of £50 per month, however, this is discounted down to NIL cost to you.
It Inlcudes:
Provision of relevant, agreed Boomerangs (for you to complete as per our dialogue – recording to be sent to you)
All Email Support
All Telegram Support
All Telephone Support
All SMS Support
All IT Support
Monthly Newsletters
All existing Articles
All updated Articles
Call Backs
Audio Visual Meeting Recordings
MS Teams Meetings
Out of Hours Emergency Service
Access to Knowledge Bank and Library
Dropbox Setup Assistance (initial setup only)
Support and Setup
HM Revenue & Customs – Tax
HM Revenue & Customs – PAYE
HM Revenue & Customs – VAT
Companies House Statutory Filing
Statutory Records Maintenance
Boomerang
Boomerang is Avar’s proprietary software and are provided to clients to maintain their accounting records.
Its use is subject to strict terms and conditions, including timetables for delivery.
For more information, read the detailed article which can be found in the link below.
Payroll and PAYE Formalities
As part of the engagement, Avar will complete all necessary monthly Payroll and PAYE formalities
This includes routine processing, EPS, FPS submissions and end of year processes.
The standard engagement basis is for one director only, however, this can also include employees at an additional cost.
VAT
Avar will complete all VAT formalities, from Registration to online submissions and MTD Filing.
It is a matter of whether VAT registration is required or suitable to your business and will be discussed and agreed first.
Our VAT service is also subject to terms and conditions and strict timetables for delivery and provision of information.
Company Secretarial and Companies House Formalities
This includes filing, annually, the confirmation statement and managing the statutory records.
Final Accounts for Directors and Shareholders (FADS)
This is our management accounts package given to Directors and Shareholders
It is usually given at the yearend; however, Avar may choose to produce Interim FADS to assist in pre-yearend tax planning.
These are subject to strict terms and conditions and are not to be given to any third parties, unless agreed with Avar first.
Accounts Preparation & Year End Work Finalisation
This includes all statutory work accounting and tax requirements.
We will file accounts:
with Companies House (FACH)
with HM Revenue & Customs (FAIR)
Corporation Tax returns (CT600)
Subject to your authorisation and approval to the “FADS”.
Subject to information being received in its entirety:
in a timely manner
Dropbox
Boomerang in Dropbox
timely notification
Other Business Services
This relates to our Tax Investigation Protection Service (TiPS) for the business.
This is a service offered by accountants that is designed to protects their Clients against the costs associated in dealing with with an HM Revenue & Customs tax enquiry or investigation.
Self-Assessment Tax Return (SATR)*
This is an execution and support only service for the named directors and individuals in the Basis of Engagement.
It does not include an tax advice or consultancy (charged separately).
Our fees relating to personal tax returns are not a business expense and therefore not tax deductible.
If paid via the business account, this entry will be debited to your Director’s Current Account.
Other Personal Services*
This relates to our Tax Investigation Protection Service (TiPS) for you as an individual.
Similar to the SATR, it is a personal item and therefore non-tax deductible, both by the company nor by you as an individual.
Terms and Conditions
The Annual Standard System and Procedure must to be discussed and agreed at the outset.
Boomerang must be updated monthly and advised to Avar within 5 working days after the month end.
