how do you price investigations?

If a person comes off the street (actually found us over the internet) and asks you to take over an ongoing investigation where other accountants were involved before and the alleged tax lost with penalties could be over a hundred of thousands, (because according to him his normal accountant doesn't have the expertise), would you take the case? And if yes, how would you price it? E.g. a fixed price or a fixed price with option to revise should the work exceeds quote (seems reasonable to me), any payments in advance and so on? And, most importantly, what are the current market rates for this sort of work? This case could go to the Tax tribunal eventually. Thanks.

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Be very wary

stepurhan |
stepurhan's picture

Agreed

frustratedwithhmrc |
frustratedwithhmrc's picture

A Poisoned Chalice methinks

Vaughan Blake |

Be cynical -

cymraeg_draig |
cymraeg_draig's picture

Barge-pole in hand ...

Steve Holloway |
Steve Holloway's picture

Tax investigation

bernard michael bayly |

speak to the other accountant

ireallyshouldknowthisbut |

I don't wish to be rude but...

Johhny |

And the answer is ... fee protection insurance

Vaughan Blake |

On the other hand

davidwinch |
davidwinch's picture

Johhny - Harsh but fair!

Vaughan Blake |

REALLY good advice above

bookmarklee |
bookmarklee's picture

Been there - done that

Steve Knowles |
Steve Knowles's picture