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Heads down team!

21st Nov 2011
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That's it, we're on the final countdown to get 31 March 2011 company accounts finished and filed.

I have had to press across to our corporate team that 31 December isn't the deadline, nor is 24 December. Personally, I would hope we could have got all 31/3/11 company accounts and Corporation Tax returns out for signature by the end of this month, but 10th December might have to be the effective deadline. But clients are not going to appreciate us leaving it any later than that.

Having said that, there are still a dozen or so companies that have yet to produce their accounting records. The question is: will we have the nerve to sack them or only take the work on at a premium fee? We have some of the accounts team out on ACCA study leave over the next few weeks, so it won't take much to push us over the edge!

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Chris M
By mr. mischief
25th Nov 2011 08:09

my method

With 60 days to go, I send out a letter - "I need your records within the next 2 weeks, if not the fee is increased by 25% (minimum £300) and if you're not on standing order it is 100% cash up front."

90% of the time the client turns up within the 2 weeks.

I do a similar thing with 31 January.  Last year all of my existing clients had filed by 20 December, so I could take on new clients other accountants were letting down in January.

This year 24 clients got a "20% fee increase by 15 November" letter in October, then only 8 got the "20% fee increase is now in place, it is 50% after 25 December" and I am now down to just 4 existing clients who have not yet filed or brought in their records.

So jan 2012 should be a good month for order intake again!

 

 

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