We endeavour to provide fixed fee quotations for most of our work. This provides our clients with clarity and certainty and places the risk of overrun firmly with us.
Our fixed fee engagements are based on an evaluation of anticipated time, complexity and risk. Each engagement is bespoke and specific to your needs. We are not a tick-box online accountant.
‘but all Accountants are the same….‘
Believe it or not, all ‘Accountants’ are not the same. Many online companies advertise themselves as Accountants, yet simply provide access to online software in return for a flat fee.
Traditional Accountants will invoice each year based on time spent, often reconciled to the last 3 minutes. This will include time spent each time you call them to ask a question! Typically a traditional Accountant will present you with a large invoice at the exact same time your tax is due, and for many this will create issues around cashflow.
We do not believe in a one size fits all approach. Our advice and services are tailored to you and your requirements, and only by working in this way will you achieve optimal results and essentially lower tax liabilities.
We provide fixed fee engagements and spread the cost over the year in manageable monthly payments, collected by direct debit. Our Limited company fees start from £120 per month.
When comparing our fee to other Accountants you must also consider your potential tax liabilities. We will always provide you with an estimate of your liabilities as part of our planning, and if other Accountants will not, ask why.
Missed planning opportunities can rapidly outweigh any gains achieved from paying a lower fee, never has the age-old adage been more apt:
“Pay Peanuts, Get Monkeys”
Time Based Fees
In certain circumstances it may not be possible for us to accurately assess the time, complexity and risk involved to provide services under a fixed fee an engagement.
In this instance we will present you with a breakdown of charge out rates and offer a time based engagement.
Prior to commencement of work we will provide an estimate of total fee, and throughout the engagement we will supply updates on progress, time spent and details of staff members working on your case.
We invoice fees monthly to ensure you remain on top of costs.
Upon completion we will provide detailed analysis of the engagement showing time spent by each individual, detailing the date, time and element of work undertaken.
Time based engagements typically occur where we are required to act on behalf of clients in respect of HMRC investigations & disputes, complex corporate tax planning and structuring engagements.