Ainsworth & Co, Chartered Accountants and Business Advisors.

Accounting and Tax Fees


Accounting and Tax Fees for Medical and Healthcare Practitioners


We offer a first year discount for newly qualified practitioners. This is for those who have just completed their training or are starting a practice for the first time.

Our services are for sole practitioners, locum, associate and contracting medical and healthcare professionals.

We particularly welcome newly qualified practitioners and offer lots of guidance through the important early days of setting up the business correctly.


Limited Companies

Our monthly fees for Limited Companies are shown on the right of this page. There is a 25% first year discount on these fees for newly qualified practitioners, so the standard rate in the first year is just £60.00 per month for accounting and tax services, if you start with us soon after the beginning of the company's accounting year.

Self Employed

If you choose to be Self Employed, as a Sole Trader, the accounting and tax regulations are much simpler and our fees are much cheaper at £30 per month (£20 with first year discount) for accounting and tax services, if you start with us soon after the beginning of the Income Tax year (6th April) in which your business starts. Fees may vary if your income is more complex, eg. investments and property letting

Bookkeeping

Please note that bookkeeping requirements vary significantly for different people. We therefore charge a fixed rated of £10.00 per hour for all bookkeeping and training.

Self Employment Fees


We will prepare your accounts and tax return, and file your Self Assessment with HMRC.

Our standard fees for the preparation of Self Employed/Sole Trader Accounts and Tax Filing are from £360, payable monthly - up to the month of June following an April tax year end. First year discount is available.

We offer a free spreadsheet for bookkeeping, however we find that most people require bookkeeping training for the first two or three months.

We offer a block 5 hour training arrangement for £50.00, which includes email and telephone training, and also includes reviewing the records which you have kept and making the necessary adjustments.

For basic transactions, eg. your fee invoices and expense claims, the additional bookkeeping training is unlikely to be necessary after the first few months.

For UK Tax purposes a Sole Trader is classified as Self-Employed, and files accounts and tax returns by Self Assessment, paying Income Tax on the business profits, and usually also Class 2 National Insurance and Class 4 National Insurance.

Limited Company Fees


Limited Companies have additional accounting and tax regulations, which take more time, and is why the accounting and tax service fees are higher than for Self Employed people.

Our standard fees are on the right of this web page.

We can form a Limited Company for you, free of charge, and complete the registrations with Companies House and HMRC. This is subject to the condition of an annual contract to include Accounts & Tax filing, PAYE and Self Assessment, and the first instalment being paid in advance.

We will also supply you with our free spreadsheet to record your fees and expenses, which produces a Profit & Loss Account and Trial Balance and a running estimate of Corporation Tax payable.

During the year we will process your salary and dividend payments, and at the Year End we will file your company accounts and tax, and your personal Self Assessment.

Bookkeeping & Bookkeeping Support - Limited Companies

We offer a free spreadsheet for bookkeeping, however we find that most people require bookkeeping training in the first year for limited companies.

The monthly plan includes bookkeeping support (but not training). Typically we find that clients are able to keep good records, but will need training in the first year.

We strongly recommend the bookkeeping training - we offer a block 5 hour training arrangement for £50.00, which includes email and telephone training,

For basic transactions, eg. your fee invoices and expense claims, the additional bookkeeping service is unlikely to be necessary after the first year.

If we do all the bookkeeping for you, it will be on the HMRC and ICAEW approved QuickBooks software, and we will supply you with the reports which you need.

If you would like to keep your own records on the popular online software, eg. QuickBooks Online or FreeAgent, we can set this up for you and invoice you directly.

Software & Apps


With the right software, a considerable amount of the accounting and administration burden can be eased.

The new breed of online accounting software, together additional apps, are available on PC, Mac, tablet and smart phone, enabling online access to update your records, raise sales invoices, check reports, file VAT Returns and manage PAYE/Payroll.

We support both FreeAgent and QuickBooks Online

We also offer a free spreadsheet already set up for your record keeping.

Thanks for visiting.
If you need further help
please call us:
01772 611432
8:00am to 8:00pm

Paul Ainsworth is a Chartered Accountant from an Osteopathic family - his grandfather and two uncles were Osteopaths.

We understand the contractual arrangements, together with the accounting and tax implications for independent practitioners.

We will help you through the accounting and tax stages of setting up your practice, either as a Limited Company or Self-Employed.

We will file your accounts and tax returns in good time.

Special Offer to Class of 2016
Graduates and Newly Qualified


Discount on accounting fees for the first year:
33% for Self Employed
25% for Limited Companies


Link to Accounting Fees


Our Typical Monthly Fees for Self Employed Healthcare Professionals
We are not VAT registered


Typical Monthly Fees
June to May

Fee
£

Self Employed Accounts
 Preparation of Accounts
 from your well kept records

Self Assessment
 Filing Self Assessment
 with HMRC (1)

TOTAL BASIC
MONTHLY PACKAGE


Note 1: Presuming no other complex income
eg. property letting









30.00
Online Software
 From

10.00
Additional Bookkeeping Services
 From (per hour)

10.00

Our Typical Monthly Fees for a
Healthcare Professional Limited Company
We are not VAT Registered

Estimate based on one Shareholder / Director


Typical Monthly Fees

Fee
£

Statutory Accounts & Corporation Tax
 Preparation and filing
 Based on well kept records

PAYE / Payroll
 Monthly RTI
 Final Y/E submission
 One person

Dividend Accounting & Legal
 Completion of Dividend
 and legal requirements

Self Assessment
  Salary and Dividend
  Planning (note 1)

TOTAL BASIC
MONTHLY PACKAGE


Note 1: Based on
Single shareholder/director
UK Tax Returns


















80.00
Additional Director / Shareholder 30.00
VAT
 Support & submissions

20.00
Online Software
 From

10.00
Additional Bookkeeping Services
 From (per hour)

10.00