Our first testing of the water as a bureau based on limited experience and information on commercial rates for this type of work was with a potential client.
We quoted/charged £60 pcm for the 26 employee monthly payroll which we took on last year. The payroll was far more complex than we were led to believe, we enhanced the clients monthly spreadsheet to calculate the gross pay totals from their input of employee basic hours, overtime, shift allowance etc. (All-in-all 10 pay elements). This eliminated the room for error on our part and halved the time needed to process.
My point being as with year end and taxation work, no two payrolls or clients are the same. I suspect their accountants were charging a lot more for the payroll work because it took them longer. No doubt the same will apply their year and taxation fees.
We fully anticipate getting their year end accounts, Sage support and filing work.
Most of us need all need a regular monthly cash inflow. Typically more than £475 per month.
Why can't such interim (say monthly) payments be debited to the director's loan account and then periodically 'cleared' with interim (either quarterly/half year/or even annual) dividend payments?
This would reduce paperwork and keep in most cases the director's loan account in credit.