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acounting charges for dormant company accounts

Including all services as in comments

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1)Accounts Preparation fee in connection with the dormant accounts for a financial year.

2)Preparing the corporation tax, capital allowances computation and submitting to HM RC together with a copy of the accounts.

3)Preparation of abbreviated accounts for filing at companies house.

4) Matters in connection with the statutory affairs of the company including drafting Director’s report and other information in accordance with the companies acts 2006.

5)Sundry, other financial and tax matters throughout the year including attendances, interviews, correspondence and telephone calls etc.

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By Paul Crowley
28th Jun 2020 11:55

What was charged?
Item 5) a bit vague. How many times did you contact them, or they contact you
Did they submit confirmation statement and all the other Co house stuff for PSC
Did they pay the filing fee

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By Anonymous.
28th Jun 2020 11:52

JGM wrote:

acounting charges for dormant company accounts
Including all services as in comments

1)Accounts Preparation fee in connection with the dormant accounts for a financial year.

2)Preparing the corporation tax, capital allowances computation and submitting to HM RC together with a copy of the accounts.

3)Preparation of abbreviated accounts for filing at companies house.

4) Matters in connection with the statutory affairs of the company including drafting Director’s report and other information in accordance with the companies acts 2006.

5)Sundry, other financial and tax matters throughout the year including attendances, interviews, correspondence and telephone calls etc.

If the company is dormant, what are the " other financial and tax matters throughout the year including attendances, interviews, correspondence and telephone calls etc."? Indeed where does the "capital allowances computation" come into consideration for a dormant company.

Could you give more detail including whereabouts in the country you are.

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Psycho
By Wilson Philips
28th Jun 2020 11:58

If the company is dormant then point 1 should be the only one that needs serious consideration. (Possibly point 4 as well if assistance with the Confirmation Statement is required.)

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Replying to Wilson Philips:
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By Paul Crowley
28th Jun 2020 12:24

Depends when accountant appointed. If after CT return issued then CT does need dealing with even if it is only a one off.
If I cannot get CT to respond in writing before filing deadline then less time spent filing than arguing automatic penalties
Cannot deal with CT until appointed agent

Apologies but my reply is really for benefit of OP

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Replying to Paul Crowley:
Psycho
By Wilson Philips
28th Jun 2020 12:27

Agree 100%. But only in respect of the first part of the second part of point 2.

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Replying to Wilson Philips:
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By Paul Crowley
28th Jun 2020 12:32

Accountant probably using a template and too lazy to delete, given reference to abbreviated accounts

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By Paul Crowley
28th Jun 2020 12:19

If you declare the fee, lots of replies will appear telling you if they think it is a rip off.
At the moment you appear to be asking our prices, but without enough information to make that decision.

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Replying to Paul Crowley:
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By JGM
28th Jun 2020 12:51

£150 + vat
unbelievable.

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Replying to JGM:
Psycho
By Wilson Philips
28th Jun 2020 12:54

What is unbelievable?

BTW, I’m still trying to find the question in your original post.

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Replying to Wilson Philips:
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By JGM
28th Jun 2020 13:00

I had three different quotes
£150
£350
£525
+vat
who can be reasonable?

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Replying to JGM:
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By Anonymous.
28th Jun 2020 13:06

JGM wrote:

I had three different quotes
£150
£350
£525
+vat
who can be reasonable?

Choose the lowest. Job done.

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Replying to JGM:
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By Ben McLintock
28th Jun 2020 13:10

The quotes will probably just represent each firm's minimum fee. There's still a certain amount of admin work that each firm will need to do.

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Replying to Ben McLintock:
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By Anonymous.
28th Jun 2020 14:26

Ben McLintock wrote:

The quotes will probably just represent each firm's minimum fee. There's still a certain amount of admin work that each firm will need to do.

I understand that some firms also quote a very high fee when they encounter someone that they really don't want as a client.

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Replying to JGM:
Psycho
By Wilson Philips
28th Jun 2020 13:14

For filing dormant accounts and possibly a Confirmation Statement, £150 sounds very reasonable to me. In fact, for all of the work listed, I’d say that £150 is very reasonable.

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Replying to Wilson Philips:
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By Paul Crowley
28th Jun 2020 13:21

Where is John when he is needed

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Replying to JGM:
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By Paul Crowley
28th Jun 2020 13:12

How much would be believable

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By Calculatorboy
28th Jun 2020 14:08

Go for the middle one,

But I'd charge 500.00 minimum.
If it's new client still abit of admin etc to do as well

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By ireallyshouldknowthisbut
28th Jun 2020 14:57

In 90% of such case I quote nothing, and advise DS01

Its almost always the case that people don't really need a dormant company but have got confused about trading names and legal entities.

our minimum fee for anything is £150+VAT, but for this it would be £250+VAT as I am invariably going to spend 30 minutes quoting setting up & ID check, 20 minutes discussing with you if its its actually dormant (they normally are not), 10 minutes doing the work and filing it and a good hour trying to convince you to close the ruddy thing and open a company when you actually need one over a series of emails and calls in the next 12 months.

These things are normally a ball ache.

Thanks (1)
Replying to ireallyshouldknowthisbut:
Psycho
By Wilson Philips
28th Jun 2020 15:38

Good point about year 1 costs. Just reinforces my point that £150 is a very reasonable fee (from the client perspective).

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boat
By SouthCoastAcc
28th Jun 2020 16:24

If it’s a dormant company I’d charge £250+vat and that’s cheap IMO.

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RLI
By lionofludesch
28th Jun 2020 17:57

1)Accounts Preparation fee in connection with the dormant accounts for a financial year.

A truly dormant company ? Around £120. You just need to copy last year's numbers.

2)Preparing the corporation tax, capital allowances computation and submitting to HMRC together with a copy of the accounts.

Free. No work to do.

3)Preparation of abbreviated accounts for filing at companies house.

Abbreviated accounts ? No longer legal.

Accounts for filing ? Free. They're the same as 1 above.

4) Matters in connection with the statutory affairs of the company including drafting Director’s report and other information in accordance with the companies acts 2006.

If it's truly dormant, I'd throw that in with 1 above.

5)Sundry, other financial and tax matters throughout the year including attendances, interviews, correspondence and telephone calls etc.

Depends. I'd like to know what all that blurb actually entails.

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By frankfx
28th Jun 2020 18:12

Price and value

£150+ vat.

Can I settle 30 days after month end of invoice?

By all means.

We charge a £25 admin fee for this platinum facility.

Please refer to our T & C's, you as director are personally liable, more so as company is dormant.

Btw this email is charged at £18, again please refer to para nnn of our T&C's

We want to offer a highly competitive price ( we gave up on value,) as you appreciate responding to questions that were fully addressed during our Zoom meeting on date ddd, do incur costs.

No need to acknowledge receipt of this email, we will take it's contents as accepted.

This will save you £18 to acknowledge receipt of your response, our T&C's refer.

Yours

Commoditised No Frills Thrills Tick Bash & co.
( Former accountants)

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Replying to frankfx:
Hallerud at Easter
By DJKL
29th Jun 2020 11:43

Surely they want to use the Commoditised,Unregulated,No Training Service.

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Replying to DJKL:
Routemaster image
By tom123
29th Jun 2020 11:53

I see what you did there.

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Replying to DJKL:
RLI
By lionofludesch
29th Jun 2020 11:55

[chuckle]

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Replying to DJKL:
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By Paul Crowley
29th Jun 2020 12:02

Needed other replies to spot

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