01983 614108

Fees and Services

Thank you for showing interest in our Fees and Services.

This page covers services for the Yoga community and others in the Movement, Mind, Body and Therapy world.  Where we use the wording “Yoga Teacher” in this page, it extends to all these disciplines.

For other business sectors, including business and personal taxation, and services locally on the Isle of Wight, please visit our parent Whitefield Tax.

We offer a selection of paid services as well as Karma Yoga basis assistance to the Yoga Community.

Although we are based on the Isle of Wight, we have long experience of working by phone and online country wide, and the kettle will be on if you are down this way and give us a call first.

Our fees for Yoga clients are discounted to our normal fee structures; however as a firm we believe in the value of our work, much the same as you undoubtedly believe in the value of yours, and to that end believe it appropriate we charge a fair and reasonable fee for what we do.  We will consider cases of genuine inability to pay on merit.

 

Typical Fees for Ongoing Services

We also offer:

If you don’t need ongoing services then:

  • Our Ask an Accountant Service offers fixed price advice on an issue from £250+vat
  • We can provide bespoke quotes for more complex assignments

In 2026 the taxation environment changes significantly for Sole Traders with the introduction of Making Tax Digital (“MTD”).   See below for how this might affect our services and pricing.

You can also read about:

 


Solo Yoga Teacher (or similar) – from £250 + vat per year 

This service level is for a Yoga Teacher working on a Self Employed basis as a Sole Trader.   We offer two levels of service, “Annual” and “Continuous”.

The Annual service is the year end accountancy and tax essentials needed by self employed business owners, along with being on hand for adhoc queries as they arise; the Continuous service builds on this with more support in year for those who want the reassurance of an accountant looking over their figures regularly.

Annual Service:

    • We look after your year end accounts and tax returns under Self Assessment.
    • We are on hand for queries and questions during the year.
    • You are responsible for keeping your day to day accounting and tax records.
    • You are responsible for choosing and subscribing to suitable accounting software, where necessary  – our recommendation is FreeAgent but we are open platform.
    • You are responsible for any quarterly submissions for VAT or MTD Income Tax.

Our fee for the Annual Service varies according to the turnover of your business:

    • Turnover up to £25,000 – £250 + vat per year
    • Turnover up to £50,000 – £450 + vat a year
    • Turnover up to £100,000 – £650 + vat a year
    • Turnover over £100,000 – by quotation

Continuous Service:

    • We look after your year end accounts and tax returns under Self Assessment.
    • We are on hand for queries and questions during the year.
    • We will check your accounting and tax records quarterly, and make quarterly submissions for VAT or MTD Income Tax.
    • You are responsible for keeping your day to day accounting and tax records.
    • You are responsible for choosing and subscribing to suitable accounting software, where necessary  – our recommendation is FreeAgent but we are open platform.

Our fee for the Continuous Service varies according to the turnover of your business:

    • Turnover up to £25,000 – £450 + vat per year
    • Turnover up to £50,000 – £650 + vat a year
    • Turnover up to £100,000 – £850 + vat a year
    • Turnover over £100,000 – by quotation

Terms:

  • See Quotation Guide for full details.
  • This is a Fixed Fee level, but Fair Use Policy applies.
  • Fee invoiced and payable on submission of Self Assessment.  Monthly payment available.
  • Within these fees we would normally include other income streams such as employments and rental income; more complex circumstances would need bespoke pricing.
  • Fee Indexation applies for the third year we have acted for you onwards.

 

Limited Company Solo Yoga Teacher – from £475 + vat per year

This service level is for a Yoga Teacher working on a Self Employed basis via a Limited Company.    We offer two levels of service, “Annual” and “Continuous”.

The Annual service is the year end accountancy and tax essentials needed by self employed business owners, along with being on hand for adhoc queries as they arise; the Continuous service builds on this with more support in year for those who want the reassurance of an accountant looking over their figures regularly.

Annual Service:

    • We look after your year end accounts and Corporation Tax returns.
    • We look after directors Self Assessment, and regular PAYE / NI for directors.
    • We are on hand for queries and questions during the year.
    • You are responsible for keeping your day to day accounting and tax records.
    • You are responsible for choosing and subscribing to suitable accounting software, where necessary  – our recommendation is FreeAgent but we are open platform.
    • You are responsible for any quarterly submissions for VAT.
    • You are responsible for the annual Confirmation Statement filing at Companies House (but we offer to take of this as an add on)

Our fee for the Annual Service varies according to the turnover of your business:

    • Turnover up to £25,000 – £475 + vat per year
    • Turnover up to £50,000 – £600 + vat a year
    • Turnover up to £100,000 – £800 +vat a year
    • Turnover over £100,000 – by quotation

Continuous Service:

    • We look after your year end accounts and Corporation Tax returns.
    • We look after directors Self Assessment, and regular PAYE / NI for directors.
    • We are on hand for queries and questions during the year.
    • We will check your accounting and tax records quarterly, and make quarterly submissions for VAT.
    • You are responsible for keeping your day to day accounting and tax records.
    • You are responsible for choosing and subscribing to suitable accounting software, where necessary  – our recommendation is FreeAgent but we are open platform.

Our fee for the Continuous Service varies according to the turnover of your business:

    • Turnover up to £25,000 – £675 + vat per year
    • Turnover up to £50,000 – £800 + vat a year
    • Turnover up to £100,000 – £1,000 + vat a year
    • Turnover over £100,000 – by quotation

Terms:

  • See Quotation Guide for full details.
  • This is a Fixed Fee level, but Fair Use Policy applies.
  • Fee invoiced and payable on submission of Self Assessment.  Monthly payment available.
  • Within these fees we would normally include other income streams such as employments and rental income; more complex circumstances would need bespoke pricing.
  • Fee Indexation applies for the third year we have acted for you onwards

We can incorporate companies for you – typical cost £194 including vat and Companies House Fees – in doing so we are charging for the professional expertise and advice in getting your company set up and established correctly, and trouble free.

 

Yoga Entrepreneur – from £450 + vat

This service is for businesses with more complex requirements, for example partnerships and expense sharing; more complicated studio structures; those offering trainings and retreats on a substantial scale; or those with multiple businesses and income streams.

At this level quotes are bespoke to make sure our service is tailored to your needs but as a guide will build on the fee levels set out above for Solo Yoga Teachers.

Quite often a two entity structure is appropriate, eg splitting training or retreats out to a separate business, and normally makes fees around 1.5 times the base to give you a good idea.

 

Fees and Approach to Work

Most of our work is carried out on a Fixed Fee basis, with the fee agreed in advance, and subject to our Fair Use Policy.

In most cases payment is via a monthly Direct Debit.

We apply Fee Indexation for the third year we have acted for you onwards.

Our Quotation Guide gives an idea as to what is included in a Fixed Fee, subject to any specific tailored agreement between us.

Typical extras a client may need would be:

Occasionally additional services and one off assignments need to be priced on a hourly rate: this will vary according to the complexity of the work in hand, but would typically be £125 to £250 per hour, plus VAT.  Our hourly rates (all exclusive of vat) for non routine work are currently:

  • £250 Principal/Director
  • £125 Manager grade staff
  • £50 Senior Technician grade staff
  • £25 Junior Technician grade staff

 

Company Incorporation

We can incorporate companies for you – typical cost is £194 comprising £120 professional fee, £24 vat and £50 Companies House fee. In doing so we are charging for the professional expertise and advice in getting your company set up and established correctly, and trouble free.

 

Bookkeeping, VAT and MTD Income Tax Submissions

As the business taxation environment becomes more complex, particularity with Making Tax Digital, some people prefer their accountant to handle in year tasks like vat returns and MTD Income Tax submissions or periodic checks of their accounting.

We can assist in a number of ways:

  • Training on using software (we recommend FreeAgent)
  • A quarterly check of your accounting and tax records along with submission of returns – this is the Continuous Service we refer to above
  • A full support service where you send us all your paperwork, on paper or electronically, along with giving us a bank feed, and we will do as much of your financial admin as possible.

Cost will depend on complexity and time, but as a guide:

  • Quarterly check of FreeAgent and submit a VAT or MTD return – normally an addition of £50/quarter plus VAT (and priced into our Continuous Service pricing above).
  • Full support service, from £100 + vat / month upwards – for these services all our quotes are bespoke and tailored to needs.
  • You need to budget for the cost of software on top of the above.

Although we recommend FreeAgent we are “open platform” and will work with your choice of software and apps where possible.

VAT applies to businesses with a turnover exceeding £90,000:

  • If your turnover is below this you have no VAT obligations other than being aware of VAT if your business grows.
  • Over this threshold VAT at 20% needs to be paid on turnover – which is a significant cost for businesses just over the threshold level.
  • Learn more about VAT in the dedicated VAT section of our website.

Making Tax Digital for Income Tax applies to some Sole Traders:

  • Obligations to keep digital records and file quarterly returns to HMRC.
  • Progressive phase in from 2026/27 – turnover over £50,000 (basis year 2024-25).
  • Thresholds drop to £30,000 for 2027/28 (basis year 2025-26), and £20,000 for 2028/29 (basis year 2026-27).
  • No plans for MTD to apply to businesses with a turnover below £20,000 .
  • MTD does not apply currently to Companies or Partnerships.
  • Learn more about MTD in the dedicated MTD for Income Tax section of our website.

Note for both VAT and MTD thresholds are based on turnover, not profit, ie before deduction of expenses.

 

Ask An Accountant

We realise that some people need ad hoc advice from an accountant / tax professional without the commitment of a regular accounting service.

With this in mind we offer Ask An Accountant to provide a fixed fee service for work of this nature, with fees starting from £250 + vat

Read more about Ask an Accountant

 

Flexible Business Mentoring

We offer Business Mentoring aimed at owners of small businesses, and those thinking of starting a small business.

This service is led by Jessica Garbett, our MD, who combines 39 years experience in accountancy with 30 years of running her own accounting practice, and more recently working as a Yoga Teacher and Yoga Therapist and running a Yoga studio – Jessica’s experience therefore makes her well placed to mentor Yoga and similar businesses.

Read more about Flexible Business Mentoring

 

Other Services

We are a full service firm of accountants, and can happily assist with a wide range of accounting, tax planning and business advisory issues, for businesses in all sectors and off all sizes.  The Fees above are typical of straight forward cases, but we can provide bespoke pricing for other work.

Some of the things we can help with:

  • Business structure
  • Succession planning
  • Business plans and cash flow forecasting
  • Capital Taxes such as IHT and CGT
  • Buying and selling businesses, mergers and other transactions
  • Regular payroll, bookkeeping and vat accounting

We can provide fixed price quotes for this work.

Our hourly rates (all exclusive of vat) for non routine work are currently:

  • £250 Principal/Director
  • £125 Manager grade staff
  • £50 Senior Technician grade staff

 

Scope of Service

We cover most accountancy and tax matters, however we generally do not accept engagements involving:

  • Statutory audit under Companies or Charities legislation
  • Accounting for groups of companies
  • Tax advisory around trusts and complex estate planning
  • Stamp Duty and related issues including ATED
  • Share Incentive schemes and similar, eg EIS, SEIS, Employee Share Schemes

 

Fair Use

Our fixed fee packages are priced to cover the typical service level a client needs.  In any given year some clients will need more support or service, others less, and our fees balance this.

However occasionally a clients service needs, or the complexity of their requirements, will go beyond that anticipated.  Rather than have a long list of exceptions or small print, we operate on a fair use basis.  Where services cannot be accommodated in the fixed fee:

  • We will endeavour to let clients know at the start of the engagement, or if not as early as possible.
  • We will avoid unreasonable suspension or withdraw of services at short notice
  • We will avoid incurring any material additional charges for clients without authorisation
  • We will work collaboratively with clients to resolve the issue

Under our Terms of Business, either party can cancel the contract between us with no notice.

 

Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

To review our full Privacy and Cookie Policy please click here.