Cost for Small Business Accounting

chrismac1

One angle worth exploring is exactly what sector you are in. Whoever in HMRC came up with the flat rate sectors was in my view a complete fool. there is a category called "any other activty not elsewhere listed" which has a rate of 12% and hence 11% for year 1.

For most people this is a very attractive rate. For many businesses you can justify this being the rate to go for - before the HMRC stooges pile in on me, it's the most common rate for one-person companies to be on when I win them off other accountants, not just the ones I set up from scratch.

There is every chance that if you set things up right you can have a defensible 12% flat rate.