I met a potential client today and they mainly deal with property maintenance, Turnover is round 100K. Profit around 40K
After 12 years as a sole trader this month they became a limited company and also have registered for VAT now. They used to use an accountant for payroll but now will do it themselves. The company will also carry out the book-keeping and file the VAT Returns
They have also purchased some accounting software which they are struggling to use.
All they require is CT, Annual Accounts and Personal Tax Return (one director) plus unlimited help/advice
While I probably quote around £100 per month for the CT, Annual Accounts and Personal Tax Return. My problem how to estimate the unlimited help/advice. They would also want to know ways of cutting tax.
It is a learning curve for them especially in the first one year. I don't mind giving the occasional free advice but think I could end up spending a lot of time with them on questions, advice and training on software etc
I probably need to add a buffer for ad-hoc advice etc but how much ? Any suggestions how to set a fair price would be welcomed.