Welcome to MidasBooks! The Simple Online Bookkeeping Service

	MidasBooks Fees

FEES
With effect from 1st Nov 2010

Payment terms

MidasBooks Initial Set up	£17.63	Paid on setup
Accounts and Tax return Standard payment plan	£233.83	£17.63 monthly With the balance due 30 days after your End of Year
Accounts and Tax return No Rebate No Fee	FREE if no rebate 1st £100 of rebate and 20% of remainder	Paid direct from rebate achieved
Partnerships tax returns additional fee per partner	£35.25	Paid on setup and annually thereafter
Tax investigations and work not covered within the scope of MidasBooks	Discussed individually	Invoiced on completion of work

Terms and Conditions

1.1 To promote your business using your best endeavours, with the purpose of making a profit.

1.2 To comply with all government laws and regulations as may be applicable to your business activities, from time to time, and to keep such records as are necessary to complete and submit all required returns and paying all income taxes, self employed national insurance contributions and value added tax due in relation to your business.

1.3 This online bookkeeping service is designed to be used in conjunction with HMRC’s online tax return system, where tax rebates can be paid direct into MidasBooks holding account where any fees due are deducted and the balance transferred direct into your bank account.

1.4 The UK's tax year ends on 5th April each year. You are required to complete your MidasBooks as quickly as possible after this date and provide the necessary information for the completion of your tax return.

1.5 Clients using this online bookkeeping service including the free advice and support, do so entirely at their own risk. No liability of any kind can be accepted by MidasBooks, MidasBooks support or anyone working for or on behalf of MidasBooks. Furthermore, clients agree to abide by the terms and conditions relating to their chosen payment plan.

2.1 The No Rebate No Fee offer is only available for business start-ups who are also on PAYE paying at least £20 income tax per week and only for the first accounting period.

2.2 If you do not receive the full amount claimed because you owe money to HMRC for any reason, and they use all or part of the amount claimed to pay what you owe them, you will be invoiced based on the amount claimed.

2.3 When your first accounting period ends or you move from tax rebate into a profit situation your account will switch to our premium payment method (The standard Payment Plan).

3.1 The standard payment plan is designed to keep the overall cost of the service to the minimum by low monthly payments followed by a final invoice for any remaining balance at the end of the accounting period.

3.2 At the end of your accounting period your monthly payments for that period are totalled up and deducted from the annual fee and the balance is due within 30 days of Invoice

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