How much should I charge?

I work from an office attached to my house, so overheads are low. I am based in Yorkshire. I have had a customer for 15 years who has recently closed his account with my firm. He has not given a reason why but, as I am not aware of any friction or catastrophic errors, I am assuming it is because of the amount charged. Needless to say communication has been severed, which means I can't determine the reason nor thank him/her for their business in the past.

His is a small company with 2 directors (one his wife), 2 shareholders - turnover £90,000.

The bookkeeping is done by the wife/secretary/director to a reasonable standard (though not perfect) using proprietary software.

She is capable of carrying out accurate bank reconciliations. She does all the necessary banking and filing.

She completes vat returns and looks after payroll (which is just the annual return).

 

The service I provide is to produce final accounts (applying appropriate verification and amendment where necessary and adding necessary accountants data); produce Ctax computation, Ctax Return and Financial Statements; produce 2 x self assessment returns; maintain company secretarial, including dividend preparation and annual return; include 2 personal visits/reviews per annum; provide a support/advisory service re tax and accounting issues (admittedly, rarely used by my client)

I charge £700 plus VAT (which has always been the rate after adjusting for inflation).

 

Does this seem excessive?

 

 

 

 

  

Comments
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Seems Fine to Me

Glennzy |
Glennzy's picture

No

Paul Scholes |
Paul Scholes's picture

Thanks for your comments - it

RichHall |

Ask them !

B Roberts |

Interesting one this for me

whopkinscom |

Very reasonable

mr. mischief |
mr. mischief's picture

I'd say that £700 for

KTS |

@whopkinscom

Paul Scholes |
Paul Scholes's picture

problem is

Tosie |

Fees

muppet1903 |

No, quite the opposite

Kent accountant |
Kent accountant's picture

Scope of work

Kent accountant |
Kent accountant's picture

Its all about your hourly rate you expect to earn.

Glennzy |
Glennzy's picture

odd

Red Leader |
Red Leader's picture

''Needless to say communication has been severed''

paulgrca.net |
paulgrca.net's picture

Like everyone I believe I

rhangus. |

Is this the competition?

pedant |
pedant's picture

Well ...

Old Greying Accountant |
Old Greying Accountant's picture

What about these

Glennzy |
Glennzy's picture

Soon you will be the competition, not them

Paul Scholes |
Paul Scholes's picture

Customer Service

derek44 |
derek44's picture

As Paul says...

Old Greying Accountant |
Old Greying Accountant's picture

@Paul

Glennzy |
Glennzy's picture

These fees and approach are becoming the norm ....

Steve Holloway |
Steve Holloway's picture

It comes down to expectation

zarathustra |
zarathustra's picture

how much should I charge

RichHall |

@Zara

Glennzy |
Glennzy's picture

@glennzy

zarathustra |
zarathustra's picture

Fees

nmprobinson |
nmprobinson's picture

@Yorkshire Accoumtants

Glennzy |
Glennzy's picture

.

nmprobinson |
nmprobinson's picture

Yorkshire Accountancy

zarathustra |
zarathustra's picture

Although getting away from Original post this

Glennzy |
Glennzy's picture

Damn!

Kent accountant |
Kent accountant's picture

What a man S H is...

rhangus. |

rhangus

Tosie |

Possible

Kent accountant |
Kent accountant's picture

Sorry ...

Old Greying Accountant |
Old Greying Accountant's picture

My old boss

Manchester_man |