Balsworth & Co.

Questions

Answers before you ring

If your question is not here, ring or email and a named accountant will answer within a working day.

Fees and contracts

Is the monthly fee really fixed?

Yes. It is set from your business type, size and the services you choose, and it does not change during the year. If your business grows into a new turnover band, we tell you before the next year starts and agree the new fee with you.

Do I pay VAT on top of the fee?

Yes. The prices on this site are before VAT, because most of our clients are VAT registered and reclaim it. The fee agreement shows both figures.

How long is the contract?

There is no minimum term. You can leave with one month’s notice, and we hand your records to your new accountant promptly.

Which accounting software do you use?

We work with the main cloud bookkeeping packages and include a licence when we do your bookkeeping. If you already use one, we work in it; if you use a spreadsheet, we can move you across.

Do you only work with Norwich businesses?

Most clients are in Norfolk and Suffolk and like to drop in, but we work with businesses anywhere in the UK by phone and video.

What is not included?

One-off work such as a company formation, an HMRC enquiry or a mortgage reference is quoted as a fixed price before we start. It is never added to your monthly invoice without your agreement.

Sole trader plan

Can I keep doing my own books?

Yes. Choose “you” for bookkeeping and we check your records once a quarter and fix anything before year end.

Does it cover Making Tax Digital?

Add quarterly updates for £15 a month and we submit each one for you from your records.

When will I know my tax bill?

By 31 October each year, three months before it is due.

Limited company plan

Is the director’s tax return included?

One director’s self-assessment is included. Each extra director is £12 a month.

Do you plan salary and dividends?

Yes. We set the split at the start of each tax year and check it again before 5 April.

Can you be our registered office?

Yes, at no extra cost, and we forward official post the day it arrives.

Landlord plan

Do you need my letting-agent statements?

Yes, or your bank statements if you manage the property yourself. We turn them into a property account.

What about mortgage interest?

We claim the 20% tax credit on finance costs and show you how it affects your bill.

Ask us directly

The first call is free and there is no obligation. We would rather you asked than guessed.

Or ring 01632 960 471, Monday to Friday 8:30 to 17:30.

The meeting room at the practice, with a table, two chairs and a flip chart