At SimplyBiz we believe that our charges should be transparent and give you, our member, peace of mind. We also believe that these should reflect your business needs and not penalise you for your success.
Hence our basic rate is:
2.5%+VAT of turnover and we guarantee that this will not change throughout your membership.
By business turnover we mean just that - all fees, commission and other income as we give support on every aspect of your business.
Obviously such an outstanding rate requires some safeguards for the future - both for you and for SimplyBiz.
Charges from December 2007
- The minimum (collar) charge is £126 +VAT per month (if your turnover is £60,480 or below per annum)
- The maximum (cap) charge is £630 +VAT per month (if your turnover is £302,400 or above per annum)
(Anywhere inbetween the two figures above and we would charge you 2.5%+VAT per month).
To reflect inflation these cap and collar charges are increased in January each year by the Average Earnings Index or 5%, whichever is the greater. The next such increase will be in January 2009.
The 2.5% is of course fixed and guaranteed to remain unaltered throughout your membership of SimplyBiz.
Turnover relates to your last complete financial year, a figure which you can provide us with when you join. Each year we can liaise via your accountant or yourself, whichever you prefer.
Charges are collected by Direct Debit on a monthly basis.
Hence our basic rate is:
2.5%+VAT of turnover and we guarantee that this will not change throughout your membership.
By business turnover we mean just that - all fees, commission and other income as we give support on every aspect of your business.
Obviously such an outstanding rate requires some safeguards for the future - both for you and for SimplyBiz.
Charges from December 2007
- The minimum (collar) charge is £126 +VAT per month (if your turnover is £60,480 or below per annum)
- The maximum (cap) charge is £630 +VAT per month (if your turnover is £302,400 or above per annum)
(Anywhere inbetween the two figures above and we would charge you 2.5%+VAT per month).
To reflect inflation these cap and collar charges are increased in January each year by the Average Earnings Index or 5%, whichever is the greater. The next such increase will be in January 2009.
The 2.5% is of course fixed and guaranteed to remain unaltered throughout your membership of SimplyBiz.
Turnover relates to your last complete financial year, a figure which you can provide us with when you join. Each year we can liaise via your accountant or yourself, whichever you prefer.
Charges are collected by Direct Debit on a monthly basis.