New to The Bar
We at PKW Accounting know the pressures and uncertainty of becoming a Barrister. From the requirements of self-employment to the financial pressures of your first few years in practice.
We at PKW Accounting know the pressures and uncertainty of becoming a Barrister. From the requirements of self-employment to the financial pressures of your first few years in practice.
We aim to provide you with all the information required to start your practice correctly! Such as:
o When and How to register for Self-Assessment and VAT
o Comprehensive list of expenses allowable for tax purposes
o Claiming pre-trading expenses
o Recordkeeping and bookkeeping requirements
o Advice regarding how much to keep aside for tax liabilities
As part of our onboarding process, we will provide the following:
o Free initial meeting – shortly before you start your second six, we will visit you at chambers (or via zoom if preferred). We can help with registration, talk you through the requirements of being self-employed and provide you with help and advice regarding recordkeeping and bookkeeping. Answering any questions or concerns you may have.
o Easy Accessibility – you may find, occasionally, you have questions that you may consider trivial. We will be readily available to answer any questions via email or phone
o Free initial tax return preparation and submission – depending on your circumstances, you may be required to submit a tax return the January after you begin your second six. Once registered, we will prepare and submit your tax return for free, and if you are lucky enough, you may also be entitled to a tax refund.
If you would like to arrange a free initial meeting, please get in touch :
Standard Service
Essentially, the service offered before the introduction of MTD for VAT. This includes:
o Annual Accounts
o Personal Tax Return
o HMRC Enquiry Insurance
MTD Service
MTD-compliant service and includes the following:
o Annual Accounts
o Personal Tax Return
o Quarterly VAT Returns
o Xero Cloud Accounting Software
o Auto Entry (50 Credits per month)
o HMRC Enquiry Insurance for both income tax and VAT
Our introductory rate for this service is (all payable on completion) :
o First Year’s Accounts and Tax Return - £200+VAT
o Second Year’s Accounts and Tax Return - £400+VAT
o Third Years Accounts and Tax Return Onwards - £650+VAT
Our introductory rate for this service is:
o First Year’s Accounts, Tax Return & VAT Returns - £350+VAT
o Second Year’s Accounts, Tax Return & VAT Returns - £650+VAT
o Third Years Accounts Tax Return & VAT Returns Onwards - £100+VAT per month in advance
Please note additional complexities
(E.g. Property income, large share portfolios, etc.) may attract additional charges.
Please note additional complexities
(E.g. Property income, large share portfolios, etc.) may attract additional charges.
“I am just starting out in practice, and am very grateful to have been directed to Peter. He has taken time to answer all of my questions, and sends just the right number of reminders when I need to complete something. Peter has provided an incredibly helpful and personal service, and ensures a quick response time even in busy periods. I feel relieved to have found a reliable and professional accountant this early on in practice. “
Ms Jessica Elliott
One Crown Office Row
PKW Accounting Ltd
Company Reg No. 08648961
Registered in the U.K
St. Helens | Merseyside