First, simple initial advice is available, via Email or through the Help and Guidance section of this website, as a Karma Yoga resource to the Yoga community and others in the Mind, Body and Therapy world.
If you need further help we would love to assist. Although we are based on the Isle of Wight, we have long experience of working by phone and Internet 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
- Solo Yoga Teacher (or similar) – £200 + vat
- Limited Company Solo Yoga Teacher – £450+ vat
- Yoga Studio – from £500+vat
- Company Incorporation – from £194 including vat and Companies House Fees
- Bookkeeping and VAT – bespoke pricing
- Flexible Business Mentoring – bespoke pricing
If you don’t need ongoing services then:
- Our Ask an Accountant Service may be suitable – fixed price advice on an issue for £200+vat; or
- We can provide bespoke quotes for assignments falling outside of these parameters.
In 2026 the taxation environment will change significantly for Sole Traders with the introduction of Making Tax Digital. See below for how this might affect our services and pricing.
You can also read about:
- The Scope of our Services
- Other Services we can Provide – we are a Full Service Accounting Practice
- Our Basis of Quotation Guide – what is included and excluded from a Fixed Fee Quote
Solo Yoga Teacher (or similar) – £200 + vat
Typically, this would be someone working by themselves, full or part time as a sole trader. They may have their own small studio space but do not engage staff or other teachers.
This fee level is intended for people with relatively straight forward self employment. Those with more complex and larger businesses, eg teachers with a larger support infrastructure behind them, or multiple business streams, would attract an additional charge.
This fee covers business accounts, Self Assessment return, HMRC administration and ad hoc advice:
- See Basis of Quotation Guide for full details
- Subject to Fair Use – see end of this document
- Does not include day to day bookkeeping / VAT returns, accounting software or support with accounting software
- Fee invoiced and payable on submission of Self Assessment. Monthly payment available. See Basis of Quotation Guide
- Within this fee we would normally be able to cover tax returns for other income streams such as employments and simple rental income
- More complex additional income streams, eg unrelated self employments, portfolios of rental properties, other complexities would attract an additional charge
- Pricing assumes basic day to day transaction records are kept by yourself via excel or a suitable accounting package
- Fee Indexation applies for the third year we have acted for you onwards.
Be aware that our fee structures will need to evolve to deal with Making Tax Digital for Income Tax from April 2026.
Limited Company Solo Yoga Teacher – £450 + vat
Similar to the above, but for a teacher working through a limited company. This would not cover studio ownership, multiple income streams and larger / more complex businesses.
This fee covers business accounts and tax returns, personal Self Assessment return, directors payroll, HMRC administration and ad hoc advice:
- See Basis of Quotation Guide for full details
- Subject to Fair Use – see end of this document
- Does not include day to day bookkeeping / VAT returns, accounting software or support with accounting software – we can provide these as a add on.
- Fee invoiced and payable on submission of Self Assessment. Monthly payment available. See Basis of Quotation Guide
- Within this fee we would normally be able to cover tax returns for other income streams such as employments and simple rental income.
- More complex additional income streams, eg unrelated self employments, portfolios of rental properties, other complexities would attract an additional charge.
- Pricing assumes basic day to day transaction records are kept by yourself via excel or a suitable accounting package
- 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. Note this cost increased from 1st May 2024 due to changes in Companies House fees.
For teachers working by themselves, in partnership or via a limited company and operating a studio, typically on a single site.
The fee will depend on complexity and size of business, but typically would be start from:
- Sole trader from £500+vat – Accounts, Self Assessment, HMRC administration and ad hoc advice
- Partnership from £500+vat – Accounts, Partnership Self Assessment, HMRC administration and ad hoc advice
- Limited Company from £600+vat – Accounts, Corporation Tax Return CT600, directors only payroll and ad hoc advice
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.
At this level quotes are bespoke to make sure our service is tailored to your needs, and the size and complexity of your business.
- See Basis of Quotation Guide for full details
- Subject to Fair Use – see end of this document
- Does not include day to day bookkeeping / VAT returns, accounting software or support with accounting software – we can provide these as a add on.
- Fee invoiced and payable on submission of Self Assessment. Monthly payment available. See Basis of Quotation
- Fee Indexation applies for the third year we have acted for you onwards.
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. Note this cost increased from 1st May 2024 due to changes in Companies House fees.
Historically an accountancy practice like YogaTax has been responsible for year end accounts/financial statements and related tax filings, along with ad hoc advice.
Day to day accounting, known, as bookkeeping, including quarterly vat returns has been the businesses responsibility, sometimes by engaging a bookkeeper, sometimes in house.
As the business taxation environment becomes more complex, particularity with Making Tax Digital some people prefer their accountant to handle day to day accounting. We can assist with this on request, and by bespoke quotation. Services may range from a check over each month / quarter and tidy up of entries on your own cloud accounting system, eg FreeAgent or Xero, through to a “brown envelope” service where you periodically post everything to us and we do all entries.
Cost will depend on complexity and time, but as a guide would typically range between £50 and £500/m + vat.
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.
Read more about Ask an Accountant
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 38 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
For more detail on whats included in a fee quote see our Basis of Quotation guide.
You can also view our Terms of Business.
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:
- £200 Principal/Director
- £100 Manager grade staff
- £50 Senior Technician grade staff
Generally all work is however quoted on a fixed price, and most of our clients simply pay one annual fee in line with the tariffs above.
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
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.
Making Tax Digital for Income Tax
Making Tax Digital (“MTD”) already applies to VAT, and from 2026 will apply to Income Tax for Sole Traders and Partnerships and will require many small businesses to keep digital records and submit quarterly returns. Inevitably this will impact the services we provide our clients and their cost.
This is a major change to the accounting and taxation landscape, and details are still evolving.
Read more about Making Tax Digital for Income Tax
For a more comprehensive review of possible changes to Fees and Services read
Making Tax Digital for Income Tax – Position Statement on Prospective Fee and Service Changes
Our plans are to have a combined year end and quarterly service for Yoga Teachers starting at £500+vat / year.
