One man Company - what fees to charge

One man Company - what fees to charge

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My clients are mainly Sole Traders and Partnerships. I have'nt had a Limited Comapany client for quite a while. What sort of fees are reasonable for a one man Company (small turnover) assuming non vatable, books not complete and Company secretarial role required.

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By malcolm141
23rd Dec 2013 14:09

£1,500

I would quote £1,500.

The again, we are North London Accountants.

Malcolm

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By neileg
23rd Dec 2013 15:14

Piece of string

The accounting shouldn't be much different but it's the add-ons that count.

PAYE including RTI

CT Return as well as SA for the director

Annual retrns

Abbreviated accounts that are FRSSE compliant and iXBRL filing

Others I haven't thought of

Have you got the systems to support these?

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Glenn Martin
By Glenn Martin
23rd Dec 2013 15:18

Are you not missing a trick

if most of your clients are sole traders & partnerships.

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Red Leader
By Red Leader
23rd Dec 2013 16:05

my fee

£850-£1,000 + VAT assuming low number of transactions from incomplete records.

Would review after year one.

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By tonyh
23rd Dec 2013 17:31

My Fee

My fee would be based on the number of hours that I expected the job to take.

Typical IT contractor with 12 Monthly sales invoices with very few expenses and no interviews all by email fee might be £300 for accounts.

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By User deleted
23rd Dec 2013 22:18

In Gloucestershire

 

I would quote between £750 and £1000, but it would depend on exactly how incomplete the records are and how profitable the business is.

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the sea otter
By memyself-eye
24th Dec 2013 09:49

Maybe I should move to London

As I start at £750 which covers the directors SA also.  

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Logo
By marks
24th Dec 2013 13:21

in scotland

£900 to include

1. Year end accounts

2. Company tax return

3. Monthly payroll

4. Directors SA return

5. Annual Return.

6. Tax Investigation Insurance.

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By The Innkeeper
24th Dec 2013 16:20

@neileg

Twice the distance from the middle !!!

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By I'msorryIhaven'taclue
25th Dec 2013 01:17

Tora?

Somewhere between £500 and £5,000 dependant upon:

(a) how well you are capable of selling the benefits of your services; and

(b) how soft your prospect is.

Go get him, Tiger!

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Replying to Accountant A:
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By paulgtfc
26th Dec 2013 10:33

Tongue in cheek

I'msorryIhaven'taclue wrote:

Somewhere between £500 and £5,000 dependant upon:

(a) how well you are capable of selling the benefits of your services; and

(b) how soft your prospect is.

Go get him, Tiger!

Do you see the prospect as a punter? A meaningful professional relationship based on trust sits well with assessing how "soft" the "punter" is! Possibly your comment wasn't as firmly tongue in cheek as some may wish to think but I thought it was funny.

Practice consultants like to state that there is no market rate. I would agree - depends on how you promote your services and how you can show added value to your client/potential client.

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