accountants fees

accountants fees too high

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We started with a new firm March 2016, he said the fees would be between 1,600 and 2,400 he put this in writing and said he wouold cap them at 2,400 for our peace of mind.

We have received a bill for 4,000 and our accountants senior partner is saying he had to more work than expected. We signed terms and conditions stating if there was any ad hoc work or the worked   done couldn't be done within the agreed amount, then new fees would be discussed and this would be put in writing to us. None of this happened. We wrote a cheque for the higher amount of the cap but he has said he wants money for all the work he has done and will take us to court to get the rest. He refused to take the cheque, we told him we were more than happy to go court as we had a good case. We explained he just couldn't spend our money without our say so, we should have been given a choice to pay the extra 1,600 or stop him acting on behalf of us.

Replies (24)

Comments for this post are now closed.

By cheekychappy
29th Sep 2016 20:46

I agree with you. If you have documentation to support your view, fight it.
Ask for bank details to make a transfer. If possible, transfer £2400 as it will strengthen your defence.

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By cheekychappy
29th Sep 2016 20:46

I agree with you. If you have documentation to support your view, fight it.
Ask for bank details to make a transfer. If possible, transfer £2400 as it will strengthen your defence.

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By Accountant A
29th Sep 2016 20:50

What's your question?

If the fee quote is in writing and the Ts & Cs are clear then, as you say, let them sue.

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By pacta
29th Sep 2016 21:22

Fight it. He is taking the pee.

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By In a Daze
30th Sep 2016 00:03

Just be a little careful and read all the paperwork, if your accountant has given you a estimate for the work involved. That is not the same as a quote.

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Replying to In a Daze:
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By barbara whalley
30th Sep 2016 09:44

Hi it was a quote that he put in writing and capped for our peace of mind for the first year

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Replying to In a Daze:
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By barbara whalley
30th Sep 2016 09:44

Hi it was a quote that he put in writing and capped for our peace of mind for the first year

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Replying to In a Daze:
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By barbara whalley
30th Sep 2016 09:44

Hi it was a quote that he put in writing and capped for our peace of mind for the first year

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Replying to In a Daze:
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By barbara whalley
30th Sep 2016 09:44

Hi it was a quote that he put in writing and capped for our peace of mind for the first year

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By Jim100
30th Sep 2016 09:22

I assume you have engaged some large well known accountants ?

Certainly, would compromise somewhere and just move to a smaller firm that can give you transparency, great service and a fair price.

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Replying to Jim100:
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By barbara whalley
30th Sep 2016 09:41

Thanks Jim, we have moved now and I think that's part of the sour grapes why they have increased the fees without our knowledge

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Replying to Jim100:
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By barbara whalley
30th Sep 2016 09:41

Thanks Jim, we have moved now and I think that's part of the sour grapes why they have increased the fees without our knowledge

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Replying to Jim100:
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By Mr_awol
30th Sep 2016 11:54

Quote:

I assume you have engaged some large well known accountants ?

Certainly, would compromise somewhere and just move to a smaller firm that can give you transparency, great service and a fair price.

Why would you assume that?

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Replying to Mr_awol:
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By Jim100
30th Sep 2016 14:08

Quote:

Quote:

I assume you have engaged some large well known accountants ?

Certainly, would compromise somewhere and just move to a smaller firm that can give you transparency, great service and a fair price.

Why would you assume that?

I had assumed as the big boys are notorious for overcharging and unpleasant surprises. Small is best.

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Man of Kent
By Kent accountant
30th Sep 2016 09:31

Come on then, give us a clue...who is it?

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Replying to Kent accountant:
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By barbara whalley
30th Sep 2016 09:46

are you allowed to name and shame on this forum, I am happy to just need to know the rules

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Replying to Kent accountant:
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By barbara whalley
30th Sep 2016 09:46

are you allowed to name and shame on this forum, I am happy to just need to know the rules

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Replying to Kent accountant:
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By barbara whalley
30th Sep 2016 09:46

are you allowed to name and shame on this forum, I am happy to just need to know the rules

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Replying to Kent accountant:
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By barbara whalley
30th Sep 2016 09:46

are you allowed to name and shame on this forum, I am happy to just need to know the rules

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Replying to barbara whalley:
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By Jim100
30th Sep 2016 14:05

No I wouldn't name them as that would be unfair and if they found out they may even become more stubborn

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Replying to barbara whalley:
By cheekychappy
30th Sep 2016 14:16

Quote:

are you allowed to name and shame on this forum, I am happy to just need to know the rules

There are no forum rules that forbid this.

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Replying to barbara whalley:
Richard Hattersley
By Richard Hattersley
30th Sep 2016 15:10

Quote:

are you allowed to name and shame on this forum, I am happy to just need to know the rules

I think it would be best if we didn't continue with this conversation. For this reason, I have decided to close the thread. I hope you all understand our reasons for doing this.

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Red Kite
By Red Kite
30th Sep 2016 11:18

One of the "joys" of this site when posting from mobile apparatus - the comments keep getting repeated, repeated, repeated, repeated etc................................................................................................................................................................................................................................................................................................................
But, as John has said, we're not going back to the old site!
We'll just have to make do with the new s(h)ite.

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By Scriptic
30th Sep 2016 14:47

Quite apart from the fact that your accountant fails to understand the difference between what they believe they are entitled to regardless of what they have contracted to receive, this whole affair sounds very unprofessional. Getting yourself a new accountant sounds like a matter of urgency.

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