Introduction
- This is our approach to all articles.
- The following gives an overview of the basis of engagement between you and Avar.
- It is crucial that this is discussed and agreed at the outset so that there is a clear and transparent business engagement.
- In any event, the Statement of Account must be settled first before any work is undertaken.
- 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.
- Subject to Other articles on the website.
- E&OE (Errors and Omissions Excepted).