Looking for advice on fees if anyone would be so kind - new sole trader client just starting out as a Joiner. I have established in earlier posts today that a reasonable number might be £500 for soletrader and £1000 for a limited company fee.
Client is going for sole trader option, but having met him I see that CIS scheme probably applies to him. He will occasionally pay a couple of self employed Joiners to assist him with bigger jobs (hence I assume these are classified as sub contractors). Likewise he will do regular work for a main contractor, as well as private home/repair type work.
Haven't dealt with CIS before and currently reading through HMRC guide. Without appreciating the actual work involved in monthly returns/calculations etc, how much could/should this alter the £500 fee, or is this negligible work once I am up to speed and everyone registered. I use Moneysoft Payroll Manager which has CIS facilities. Client will have one contractor, and possibly 2 or 3 subcontractors at any one time.
appreciate any guidance
cheers
mick
Replies (7)
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SUB CONTRACTORS
Being semi retired I do not charge much for subbies accounts and tax returns - 150!
Bear in mind in your case there is an opportunity for you to sign up 2 or 3 new clients if your main contractor recruits some subcontactors.
AUTO ENROLMENT
Another factor for your client are the new regulations to offering pension schemes (AE).
It maybe that AE will not effect subcontractors BUT it will worth checking this aspect as them he will need a payroll software that can cope with both CIS and AE.
CIS
I have a sole trader builder who has just set up a CIS scheme. I charge £50 per quarter. I use Moneysoft and am pleased, it took minutes (chasing builder for numbers took weeks tho). There is only 1 subbie. Up to you if you charge for setting up scheme and for filing RTI (for CIS suffered I assume you have to do this). I would say that £500 is on the high side already unless his accounts are complicated/bad records etc.
Don't chase!
I have a sole trader builder who has just set up a CIS scheme. I charge £50 per quarter. I use Moneysoft and am pleased, it took minutes (chasing builder for numbers took weeks tho). There is only 1 subbie. Up to you if you charge for setting up scheme and for filing RTI (for CIS suffered I assume you have to do this). I would say that £500 is on the high side already unless his accounts are complicated/bad records etc.
I wouldn't chase. I would warn the builder of the consequences and ask for the information to be provided a certain number of days prior to when the payroll needs to be run.
Thanks
Once I went down from £50 per return to £50 per quarter as only 1 subbie, I explained that I had to receive the numbers within a week and any additional emails would be chargeable. Will see what happens next month.