01202 022992
contact@balloonaccounting.co.uk
BH12 1PN, Poole, UK

Pricing

with you on the journey to a brighter future

A fairer way to price accountancy services

So, picture the scene……

You’ve decided upon a new mobile phone so you go into the local supplier and you pick out the handset that you want, and you go up to the sales person and say that you like that handset together with unlimited minutes and 15 gig of data and you ask them how much that will cost?

They tell you that they don’t know but you can take the handset away today and in a few weeks’ time they’ll send you a bill for whatever the handset costs and for whatever you’ve used.

Now I’m guessing you probably wouldn’t fancy taking out that plan but that’s exactly what accountants have done for decades.

You’ve given them your records without knowing how much it will cost and a few weeks later they send you the Accounts and a bill all based upon how long it takes with most accounting and bookkeeping firms quoting you an hourly rate.

The trouble with an hourly rate is you have absolutely no idea what the cost will be. You have to trust that they are keeping an accurate record of how long they are spending and you have no way to budget.

That doesn’t seem right to me and it’s certainly not fair.

So how do I work out my fees?

Watch the video opposite or if you prefer you can read more below. 

Getting to know you

I can’t help if I don’t 
get to know you first

Well, to start with I want to be transparent so it very much depends upon the work you want me to undertake for you.

So the most important thing is that I get to know all about your business. I use the GLOSS method opposite for this (click image to see it larger)

Once I have found out all about your your business I’m in the best position to suggest the services I can provide to make your life easier and solutions to help you reach your goals. I can also go on to give you a clear and transparent idea of the investment you need to make into the finance side of your business.

All using logical information.


For example, for bookkeeping I would look at the average amount of transactions in each period, for payroll it’s the number of employees you have and how often you need payroll to be run, ie weekly or weekly.

For Annual Accounts I start with your turnover and if I don’t do the bookkeeping, I’ll also take into account the quality of your records as it’s not fair to charge the same price for a client who’s records are up to date and complete and one who’s records are incomplete or incorrect and in need of work before I can do anything else.

For advisory services such as management reporting it depends upon how often you wish to meet and whether it is in person or by virtual, online means.

Whatever the service is, I will never shroud it in secrecy. There will always be a methodology to my pricing.

What I then do is agree with you a fixed price based upon your unique circumstances. That way you can budget and plan.


You know with certainty what it is going to cost and there will never be any nasty surprise bills.

All my fees are invoiced monthly and payable by Direct Debit via GoCardless. This helps your cashflow and if you join me part way through the year I will agree a catch up fee as a one off or spread it over the remaining months of the year.

I also know there is no such thing as a one-size-fits-all solution and every business is different.

As one client put it……“it’s a refreshingly simple idea that takes the mystery out of professional fees and puts the customer firmly in control.”

**All prices shown below are for the service of Annual Accounts, are indicative only and exclude VAT**

MY FEES

LIMITED COMPANY

From £79

per month

  • Supply of Cloud Accounting software
  • Preparation of fully compliant statutory annual accounts
  • Preparation of business tax computations
  • Preparation and submission of Corporation Tax Return
  • Preparation and submission of Directors Personal Tax Return
  • Annual Confirmation Statement
  • VAT Services (if required)
  • Payroll Services (if required)
  • Unlimited FREE ad hoc advice
  • Unlimited FREE email and telephone support
  • Optional Tax Enquiry Support Service
  • FREE Balloon Accounting App

SOLE TRADER

From £49

per month

  • Supply of cloud accounting software
  • Preparation of fully compliant statutory annual accounts
  • Preparation of business tax computations
  • Preparation and submission of Self Assessment Tax Return
  • VAT Services (if required)
  • Payroll Services (if required)
  • Unlimited FREE ad hoc advice
  • Unlimited FREE email and telephone support
  • Optional Tax Enquiry Support Service
  • FREE Balloon Accounting App

ADDITIONAL SERVICES

Most of the following are available as part of a package or as a stand-alone service

POA

per month as part of a package or as a one-off fee

  • Cloud Accounting Bookkeeping Services
  • Business Advisory
  • Payroll Services
  • Limited Company Incorporation Service
  • VAT Service
  • Pricing Service
  • Landlord Property Tax Service
  • Expense Management Guidance
  • Mortgage / Lender / Tenancy References
  • Capital Gains Tax Advice
  • Business Finance Services
  • We can tailor our services to suit your requirements for existing and new business
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