We were asked to quote a £1m turnover SME for;
final accounts & VAT returns (£1,500),
payroll for about 20 staff (£1,500),
processing about 400 purchase invoices per month (£1,200) and
tax returns for 3 directors (£450).
Our bid is in the brackets, for the whole year ex VAT. Total about £4,500 per year.
They've let us know we were 4 times more expensive than their preferred bid.
Do our prices seem unreasonable for a practice based in North London?