gHawk Accounting Services

Accounts & Tax Returns

Nobody likes dealing with historical accounts, especially when they are prepared 9 months after the year-end and are so out of date by then they are useless as a management tool for decision-making. So they’re viewed as a cost. 

Unfortunately they are unavoidable. They have to be produced to enable you to report income to the tax authorities. And if your accounts are either wrong or late both HM Revenue and Customs and Companies House impose penalties. 

So we might as well do the job properly and turn what is normally seen as a necessary evil into what financial statements should be – the core management tool for every business. A management tool which reports the current health of your business and aids decision making so you build a great business. We use a real time information system, which means we can help you with important business advice throughout the year.

Same case for tax returns. There are strict deadlines for registering for self assessment, different filing deadlines depending upon whether you file a paper tax return or online, and two key dates for paying tax.

In addition to the main tax return you need to complete supplementary pages for many other types of income including: employment, self-employment, partnership income, UK property income, foreign income or gains, and capital gains. And not only do you need to complete the return correctly, you have to self-assess. That means calculating your tax liability. And that’s difficult. Get it wrong and you will have to pay a penalty. And interest. You’ll get a penalty of £100 if your tax return is up to 3 months late; you’ll have to pay more if it’s later, or if you pay your tax bill late. So rather than spending hours figuring out which pages to complete, what to put in the boxes, how to calculate any tax due and meeting the filing deadlines, our tax planning service takes that hassle away. 

Don’t waste time or worry about getting things wrong, we’ll do it all for you.

Pricing

Do you charge by the hour?

Our clients tell us they hate the way the accounting profession prices – pricing based on how long the work takes which means you have no idea what the cost is until the work is finished. We hate it too. It doesn’t seem fair. So what we do is offer you a range of fixed price solutions so you can budget and plan; you choose the option and build your own package to best suit your needs.. 

We know that your business is as unique as you are. 

That is why our service plans can be tailored specifically to your bespoke requirements. When you choose to work with us, you will get to create a service package that is bespoke to your business. Whatever your business, you will find a Service Plans to suit your needs. 

Most business owners choose to work with us in one of 3 ways. This is represented by our three service plans: Essentials, Planning and Performance. To help you identify the best option for you, the table below summarises what is included within each of the Service Plans. Our packages are priced based on 3 key factors: Size of business, quality of the bookkeeping records and number of transactions. Below are some indicative packages to guide you, but please contact us to create your bespoke package. 

Tax & Accounting

Packages for Limited Companies

We have provided 3 packages that a typical business would take up depending on their requirements. Ranging from the essential services and for additional support to scale and improve.

Tax & accounting

Packages for Sole Traders

As a sole trader you do not require the full statutory accounts but you must prepare accounts to work out your profits, claiming all allowable expenses so that you can minimise the tax payable.

Business Development Services

Business Plans and Cashflow Forecasts

When you have made arrangements for your business to meet the statutory obligations, helping you to develop, improve and grow your business is our next natural step. Our Business Development offerings are practical and tangible services that create long term value for you and your business.

Packages for Companies

Choosing the right package for your company accounts is important, as it reflects both where your business is and where it is headed. Be sure to choose a package that fits with your current needs but also aligns with the vision you have for your business. Choose a package that keeps you compliant and manages risks while encouraging growth. Let us know if you have any questions or need help choosing the right package for you.

Essential

This option is for those who are happy to miss out on some of the more valuable input from us, and instead only receive the essential tax and accounting services, because they are on a tight budget.

From £150 + VAT
  • fully compliant statutory annual accounts 
  • Preparation of business tax returns and calculations
  • VAT returns preparation and filing
  • Payroll for 1 Fixed Salary Employee

Planning

This option is for those who do not want comprehensive support and help but do nevertheless want more than just statutory compliance. It includes an annual strategic business plan which is the road map necessary for the success of your business.

From £305 + VAT
  • The Planning Service Plan contains everything in the Essentials Service Plan
  • Identifying your business and personal goals
  • implement CLEAR STRATEGIES TO ACHIEVE GOALS
  • A 90-day action plan to address immediate critical issues

Performance

This is the best option for ambitious business owners who want comprehensive support and advice to help them build a truly successful business, maximise their income and wealth, and truly achieve the highest potential.  

From £490 + VAT
  • The Performance Service Plan contains everything in the Planning Service Plan. 
  • Annual Cashflow Forecast, it is  the financial plan that backs up the business plan
  • regularly monitoring your actual cashflow against your forecast enabling you to predict large cash outflows and business changes
  • REGULAR MANAGEMENT ACCOUNTS SHOWING YOUR BUSINESS PERFORMANCE 

Packages for Sole Traders

Sole traders have a lot to consider. From managing the day to day running of your business, to planning for sales growth to ensuring you are not paying too much tax. You must consider if your business is at the right level to benefit from changing to a limited company and what the benefits or consequences are. Our packages will support you to have the information required for those decisions.

Start

This option is for those who are happy to miss out on some of the more valuable input from us, and instead only receive the essential tax and accounting services, because they are on a tight budget.

From £68 + VAT
  • Sole Trader accounts 
  • Self-Assessment Tax Return
  • QuickBooks Online Subscription
  • AutoEntry Subscription
  • Tax Investigation Fee Protection

Scale

This option is for those who do not want comprehensive support and help but do nevertheless want more than just statutory compliance. It includes an annual strategic business plan which is the road map necessary for the success of your business.

From £135 + VAT
  • The scale package contains everything in the Strat Service Plan
  • VAT Return preparation & Filing
  • Quarterly Management Accounts 
  • Quarterly Momentum Call

Succeed

This is the best option for ambitious business owners who want comprehensive support and advice to help them build a truly successful business, maximise their income and wealth, and truly achieve the highest potential. 

From £345 + VAT
  • The Succeed Service Plan contains everything in the Scale Service Plan
  • Annual Strategic Business Plan
  • Annual Cashflow Forecast to back up the business plan
  • Quarterly Business Review meetings
  • Tax updates