Fees that we charge for professional services

 

Fixed fees

 

In various sections of this web site, there are fixed fee levels set for particular kinds of work.

 

These include Payroll Services, Asking a Question on Line, Tax Return Preparation, and various factsheets that are referred to in various places. Reference should be made to the particular web pages involved.

 

There are a number of other areas of work where we charge a fixed fee, such as filing certain company forms, or preparing certain certificates.

 

In all cases the fixed fees are calculated on a basis that. on average, we calculate will provide an adequate return on an hourly rate for the time spent by the particular staff involved. 

 

In most other areas of professional work, the fees are  based on the time spent, and the skills required,(which  will determine the level of staff required), and hence the hourly rate to be charged. The fee will also be affected by the degree of risk involved, and also the value of the work to the client.

 

Fees for accountancy and audit work

 

It follows that fees for accounts production and audit work will be related to the quality of the accounting records, the number of transactions and the complexity of the work required.

 

We will advise a client whenever we become aware of improvements to the system of record keeping, so that fees for accountancy and audit work can be controlled. See ‘Bookkeeping Advice’.

 

The number of transactions involved and the complexity of the work will depend very much on the nature of a client’s business, and therefore are largely not subject to as much control as the system of record keeping. This is why fees will differ for different types of trades, and trades having different legal structures, such as sole traders and limited companies.

 

With a new client, we will usually be able to assess the likely fee level, based on our understanding of similar trades, after we have reviewed the actual system of record keeping adopted. We are therefore usually willing to give a fee estimate to a new client, and even agree to cap a fee at a particular agreed level in the first year. In subsequent years, we would discuss the actual time spent and the actual fee that should have been charged with the client, so that the client can the fully understand the future fee levels and the factors that govern them.

 

Other areas of professional work.

 

The basic principle of charging for the time spent will be followed, but depending on the nature of the work, we may be able to negotiate a fixed fee or a fee calculated according to a pre-defined formula, to help the client in budgeting. In most cases, professional rules would prohibit us for charging fees on a results basis, as this could affect our objectivity, for example in making claims for tax allowances.

 

 

 

To contact us and ask for our services click here                 

 

Last revised 22/12/02