What's the damage?
Chartered Accountants Who Like to Smile
Accountancy can be dull (unless you’re a Chartered Accountant) – we know that. So we set out to create a service that was a bit less stodgy and a bit more relaxed to deal with. So you get the support of a Chartered Accountant, without the pinstripes.
Our typical client will be turning over between £100K and £2M. They will be selling their expertise as a professional themselves, perhaps in finance, medical, recruitment, legal or design industries. We tend not to get involved with construction or agricultural businesses. It’s not that we don’t love what they do, but we’d be frauds if we held ourselves out as experts in the, er, field.
I like a close relationship with my clients, meeting at least once but usually twice a year, or more, to concentrate on your business. If you’re looking for the annual ‘letter in the post with your accounts for signing’ type service, we’re probably not for you.
If you sound like our sort of client, and you’re thinking: ‘I want such a close working relationship with my accountant that I’ll probably invite him to my summer BBQ’ then I think it’s safe to say you’re in the right place.
Of course, we’ll invite you to the Blue Penguin party too!
It is unwise to pay too much, but it’s worse to pay too little.
When you pay too much, you lose a little money – that’s all. But when you pay too little, you lose everything, because the thing you bought was incapable of doing the thing it was bought to do.
The common law of business balance prevents paying a little and getting a lot – it can’t be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.
how much does penguin cost?
Let’s not be coy about it – that’s probably the reason you clicked this page first. And that’s fine with us. Investing in the right accountant is important for your business. John Ruskin’s advice from the 1800’s is as important today as it’s ever been.
Blue Penguin costs more than your current accountant.
But if you’re happy with the service you already pay for…what are you doing here?
That’s a bold statement indeed. But we’re realists. If you are happy with the service you’re getting from your accountant, then you’re here because you’re looking for the same service for less investment. Deep down, you know that’s not a sustainable long-term relationship. Somewhere along the lines, corners will be cut and you’ll end up disappointed.
We don’t ‘do’ disappointment.
If you’re here because your current accountant isn’t providing the service your business needs and deserves then we can help. Think of it as an upgrade to the next level. An additional cost, of course. But can you afford not to give your business – your livelihood! – the support it deserves?
You might be pleasantly surprised.
There’s two general approaches to pricing. Either, a random fixed price, based on what they think you’ll pay (often after a quick peek at last year’s accounts), or it’s a case of “we’ll let you know how much after the work is done”. In our
Humboldt humble opinion, neither of these are a fair way to price.
We take a different approach.
In our first meeting, we’ll discuss the services we know will benefit your business. We won’t bore you with what won’t be useful. Once we know what level of support you need, our software will produce a quote for you there and then. It’s broken down service-by-service so you can make sure you get everything you need from us – and nothing you don’t.
For limited companies, we ask for a minimum investment of £125pm plus VAT, although most clients pay between £200 and £500 per month for “the works”, which might include annual accounts and tax returns along with a tailored mix of face to face meetings, regular management accounts and payroll support, plus taking care of the directors’ personal tax positions too.
For clients requiring only a tax return, it starts at £30pm.
All our fees are paid monthly. That’s great for your cash flow (and, frankly, ours) as well as giving you certainty over what you pay. No more surprise bills! Below is an example of what you’ll expect to pay for the first-class service you deserve.
work with blue penguin
We don’t take ourselves too seriously (you’ve probably got that message). But we do take your finances and business success very seriously – so much so that, if we don’t think we’re going to be a good fit for your business, we’ll be honest – and will try and connect you to someone who would be better for you.
The first step in finding out whether Blue Penguin is for you would be to book a Test Drive using the button below.
But if you need some social proof, to see who else we work with and what they have to say, here you go:
What We Do (Like You Didn’t Already Know)
Time for the usual list of things that accountants do. You probably already know what these are. After all, we’re Chartered Accountants. Bosh!
But if we don’t write down all out services, Google might not understand that we’re proper accountants based in Taunton, Somerset!
And then you might not find us, which would be a shame for us both. So here’s some of the ways we can help.
But it’s hard to turn our ethos of taking time to understand what drives you (more free time? Ferrari on the drive? Retire early?) and building a life long relationship around that, in to a few keywords for the nice
people algorithms at Google.
So perhaps you should give us a call and see why people love working with Penguin.
Monthly, quarterly or half-yearly accounts highlight how your business is performing.
Keep it simple, or drill right down to the detail – it’s up to you.
A great opportunity to take stock and plan, even if you’re a sole trader and don’t legally have to.
This is the core service we provide to most clients.
Bookkeeping & VAT
No thanks. It’s really not out bag. BUT we have close relationships with many firms who offer 100% bookkeeping and are sh*t hot at it. We can deal directly with them when it comes to your year-end accounts, too.
Tax advisory and compliance
We’ll sort out your regular personal or company tax returns. You should also think about periodic tax planning for the whole family – we can help with this.
pre-year end meetings
You can do a lot more about tax savings if you have more notice. We like to meet with clients about 3 months before each year-end to see what we can save you.
payroll and pensions
Calculation payroll, submissions to HMRC and pension providers are part of the monthly reporting cycle. Let us take care of it all. From £25pm for 4 employees.
We’re often asked “what’s your hourly rate?” It’s an odd question, and reminds me of the firms who charge you purely based on how long a job takes – with no relationship to the value generated for you.
When required, we work to a rate of £120ph, but almost everything is based on pre-agreed fixed fees. Our clients like that approach. We hope you will too.