I do not bother with monthly Direct Debit payments for clients who only require tax returns (SA100 and SA800) to be completed. The fees charged for these does make it worthwhile. Thankfully I do not have many of these.
I have some of clients they tend to be husband and wife (landlords), I charge them £1000+VAT for tax returns. I am thinking of asking them to go on monthly Direct Debit.
I would be grateful to find out how accountants collect money on tax return work. Do you:
- Collect by DD?
- If not DD do you get the money in advance? (I don't - poor practice I think). If in advance at what stage do you ask to pay. Just after then signing the tax return?
- Do you put ever client on DD? I am thinking anything collecting through monthly DD any thing over £500+VAT.
How do client's view monthly DD for tax return work only?