How much should I charge for closing down a company ?

How much should I charge for closing down a...

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Hoping to take a new client but she doesn't have much money and want to be fair

She has a limited company though not sure why she set up a ltd company in the first place as arguably HMRC could argue she is an employee due to the type of work she is undertaking

Anyway she is invoicing her client using her Ltd company

Her year end is 31st August

She wants me to close down the company and wants me to deal with all the formalities of filing her accounts, Corporation tax and self assessment as well as closing down the company.

Her company affairs are quite simple and she has no creditors, employees or co directors. She is not PAYE or VAT registered

Now the million dollar question - how much to charge.  I was thinking of £800 for everything on the basis it will take me two days

What do others charge  ?

Replies (3)

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By JCresswellTax
17th Jul 2013 14:09

Depends

On turnover, record-keeping, method of closure etc.

But £800 is certainly more than reasonable for both the accounts and the closure.

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Replying to andy.partridge:
Euan's picture
By Euan MacLennan
18th Jul 2013 10:09

What do you mean?

JCresswellTax wrote:

... £800 is certainly more than reasonable for both the accounts and the closure.

Do you think that £800 is a good deal for the OP or for the client?

Obviously, we don't know how much work is involved, but for preparing a set of accounts for such a simple business, filing a CT return, filing form DS01 (you don't have to deal with any PAYE or VAT returns or cancellation) and filing what is probably a very simple income tax return, I think that £800 would be ripping off the client.

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By JCresswellTax
18th Jul 2013 14:06

Both!

Its a bit pointless discussing further when we dont know the level of trade or work involved.  But if the OP and the client are both happy with £800, I think thats a fair-enough fee.

Thanks (1)