I'm thinking of subbing out some basic accounts work in the coming year. This is a mix of incomplete records, customer SAGE accounts etc.
Not used a subby before, so anyone have any idea how much they charge per hour ?(Based in Kent, Maidstone area if that helps.)
Thanks for your time.
AJ
Replies (10)
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AJ & Martin
I would be interested in subbing some work from you, I am based in Ashford.
If you would like to have a chat you could e-mail your telephone number to me. My e-mail address is [email protected]
Carol
2/5th of 60% of total fee....
So if fee was £1000 - 60% = £600
2/5th of £600 = £240
Hmmmm that doesn't sound a lot to me - not something I would want to do
..
my old boss used to say that a fee paid to a subby for preparation of working papers to trial balance stage should be.........
2/5ths of 60% of the total fee!!!!!!!!!
god knows how he came up with that one. still makes me chuckle!
I'm interested
But, would the work be able to be completed remotely? I'm based on Surrey/Hampshire border
Did you find anyone?
AJ
Just read your post about looking for a subbie in the Maidstone area.
I am too.
If you found too many and/or know of anyone who wants some work from me please let me know
Thanks
Martin
I use the 30% of net fee basis
Subbies
Andy is very generous, or does he just me the bit you are charging on for them rather than of the total fee?
We use the third third third principle, 1/3 to them, 1/3 to us and 1/3 for the pot as a contribution to overheads (PI, subs, ref mats, software licences, admin, stationery etc)
As long as fee is right that should work, obviously if a fee is artificially low (family memeber or whatever) then an appropriate rate would be specifically agreed, and conversely if the fee is premium a lower rate may be negotiated.
I've never been a fan of hourly rates, especially now with employed/self-employed status being scrutised by HMRC
60% is very generous
I pay my subbie £15 per hour. Newly AAT qualified but not particularly experienced but I think he is a pretty cheap find.
I know other accountants that pay 30% of annual fee charged to client.
I have used an Indian outsourcing company that were about £8 per hour if I recall correctly. I was very happy with their technical ability but a lot of time was taken up with administrative procedures (scanning, checking, emailing, telephone conversations etc.) so I prefer to stick to my regular subbie until I take on another trainee.