Hive down or retire ?
Five years ago I gave up my office and disposed of a large % of fees. I retained a number of clients and have operated a lifestyle practice retaining one part time assistant. Over the last year I have had to let three large (for me) clients go as their needs required more time than I wanted to give.
I am now reviewing the situation and would like members opinions on what they consider the minimum level of fees is to make it worth the hassle of running a practice.
Fixed overheads software, P.I. and prof fees along with cpd seem to come to around £2k.
Does anybody operate on fees of £11-£15K ?and if so is it worth it. ?
Other questions maximum age to continue in practice and how to get rid.
Thanks a lot.
- Accounting Web - What is happening? 1,348 38
- supply teachers working through Ltd co 72 1
- Hold on a minute (pun intended) 1,207 10
- The importance of Grammar 1,290 38
- Complicated situation with very old balances from previous accountant 108 3
- Profit split from an investment property 134 5
- VAT - How hard is it? 694 25
- Tax Implications on Child Benefits 93 1
- IRIS OpenSpace won't upload CT600 properly 263 6
- tax saving on card points 228 6
- 2014/15 Tax calculation spread sheet 910 14
- Capital Allowances and CGT interaction 249 9
- Scissors 861 24
- AIA for a Van, Self Employed 433 6
- Tax treatment of gift of expensive watch 444 10
- Directors exempt from AE? 235 6
- Availability of Tax Relief on Expenses incurred for Voluntary Work Overseas 116 2
- Xero Pain Points 496 17
- DIRECTOR LOAN ACCOUNT AND BALANCE 338 8
- VAT and Groups 83 2
- Any knowledge of salesorder.com 370
- Chart of account segments; Balance sheet vs P&L 321
- Could and would anyone here carry out a hot file review of some non statutory audit work please? 306
- Goodwill and the Summer 2015 Budget 295
- Electric Car 249
- S222 Charge 217
- What is the best acounting software for online international retail business? 214
- Foreign Tax on Pensions 200
- Company Structure 194
- VAT and customer entertaining 175