Im trying to work out a fee quote and wonder sometimes if I under price my services....
Im based in the Midlands.
My potential client is buying a sandwich shop, turning over £140k pa. It has 2 staff. They are setting up as a Ltd Co
How much would you quote for:
1. Payroll, 2 weekly/hourly staff + 2 directors paid montly (low salary + ) end of year PAYE reporting
2. VAT returns - quarterly
3. Set up book keeping system + follow up visit ( 2hours each time ) + 1 hours travel time each visit
4. Directors tax returns x 2
5. CT600 + full accounts
6. Abbreviated accounts
Im thinking I cant do this for less than £2500+ VAT. They seem like nice clients, nice people to work with who appear organised.
Pa\yroll (£10+52 per week + £100 for directors) = 620
VAT ( 4 x £150) = 600
Directors returns x 2 = 150
tax and accounts = 850 ish? (if Im doing the VAT accounts should be ok)
Set up book keeping = 300
It seems a lot for a small business that is fundamentally doing the book keeping themselves. Any thoughts?
Or should I get them to buy moneysoft and do their own payroll and charge them something for setting it up?
What would you charge?