Frequently asked questions
How to switch to Accounts Surgery?
It’s simple! Just give us authorisation and we will contact your old accountant to arrange the transfer of your records. We will take care of everything for you including notifying HMRC.
What level of support will I receive from Accounts Surgery?
We are here to help your business prosper. We provide guidance in many financial aspects such as bookkeeping and record keeping helping you keep on right side of HMRC.
If you have a specific accounting or tax query, you can speak to our accountants for as long as you like to resolve the query.
Does Accounts Surgery have a minimum term or contract?
No! We don’t lock clients into a contract. You are free to leave our services at any time, and we will not charge any exit fees or administrative costs.
If you have paid for a certain financial period, we will still complete and file any HMRC or Companies House submissions for that period (even if the deadline occurs after you leave Accounts Surgery).
How long is your fee guaranteed for?
We value long term clients and don’t quote low price in the first year and thereafter raising them. Rarely there may additional work involved but we would discuss these with you in advance..
How much advice is included in my monthly fee?
It’s ‘all you can eat’ package! Your accountant will be available at any time during office hours via email or telephone to discuss any question you may have. We are not in the business of imposing limits.
What is an authorised agent?
This means you authorise AS to manage your tax affairs on your behalf. We can deal with any issues with HMRC, and file returns for your company.
Tax Tables
Income Tax
| Rate | 2013-14 | 2014-15 |
| Starting rate for savings: 10%* | £0-£2,710 | £0- £2,790 |
| Basic rate: 20% | £0-£34,370 | £0-£32,010 |
| Higher rate: 40% | £34,371-£150,000 | £32,011- £150,000 |
| Additional rate: 50% | Over £150,000 | N/A |
Corporation tax
| £ per year (unless stated) | 2013-14 | 2014-15 |
| £0-£300,000 | 20% | 20% |
| £300,001 – £1,500,000 | Marginal rate | Marginal rate |
| £1,500,001 or more | 23% | 23% |
Capital Gains Tax
| 2013-14 | 2014-15 | |
| Standard rate of CGT | 18% | 18% |
| Higher rate (for higher rate income tax payers) | 28% | 28% |
| Rate for Entrepreneurs | 10% | 10% |
| Capital gains tax annual exempt amount | ||
| Individuals etc. | £10,900 | £11,000 |
| Most trustees | £5,450 | £5,550 |
Stamp duty
| Rate | Non residential | Residential |
| Zero | £0-£150,000 | £0-£125,000 |
| 1% | £150,001-£250,000 | £125,001-£250,000 |
| 3% | £250,001-£500,000 | £250,001-£500,000 |
| 4% | £500,001-£1m | £500,001-£1m |
| 5% | £1,000,001-£2m | N/A£1,000,001-£2m |
| 7% | Over £2m | Over £2m |
