Client with two limited companies has paid us £800 +VAT pa per company for many years, for FRS105 Accounts prep & CT600 (everything else, inc payroll, VAT, & SA return is DIY). Both are VAT registered trading / service companies, with fair (but not "good") records; normal t/o circa £90k apiece. Each company paid by monthly s/o, so I never got around to increasing the fees.
Both ceased their monthly instalments a few months ago, at the point when they were all-square with us (each having paid exactly 12 instalments for their most recent accounts). I suspect the director was shopping around. Now he's back in contact, so I've pointed him to our current fee list from which he can see it'll now cost him "from £1,200 + VAT" for each company.
T/o for both companies is down, not only due to the affects of lockdown but also because the director (of his own volition) has switched chunks of business from both companies to an entirely new company. Which means I'm hearing "winding down" and "practically dormant" in relation to the old companies.
As you can imagine, we're poles apart on fees. My starting point for each Old Co is £1,200 +VAT; his is £800 + VAT for each minus a whacking discount (let's suppose 50%) because of their low activity; so £400 + VAT!
Are other practitioners contemplating extending such discounts for Accounts prep to Covid-affected clients and their businesses?