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K12345


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What would you charge?
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Hi all, just a little advice wanted please re charging.

I have started doing the accounts/payroll for a friend. She is self employed as a sole trader and has a cafe, I also do her payroll for her 2 employees.

I am experienced as I have done bookkeeping work for years now but have always been employed rather than work for myself, I now have a few clients so would be very grateful to know your thoughts on charging! I gained MAAT status in 2010 and I am almost on completion of the level 3 ICB to gain MICB status. I then plan to study CIPFA from September.

Many thanks,

Kiz



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Kiz
MarkS


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Hi Kiz

Assuming 2 employees on monthly payslip i would charge them £15 per month.

Regards

Mark



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
kjmcculloch83


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Hi Kiz,

There's not enough information to price the accounts, but for 2 employees on a monthly payroll my fee would be £11 per month.

Kris

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BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 
Amanda


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Hi Kris & Mark

So when RTI comes in are you going to put your prices up? The only reason I am asking is I need to price up a job for 10 employees and I am unsure how to price. Its on another thread that I started under Payroll section. Its a weekly payroll and may change very slightly week to week.

cheers,

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Amanda
MarkS


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Hi Amanda

I dont do payroll myself but outsource to an old work colleague who has her own payroll bureau.

She used to charge a fixed fee of £50 per year then £1.50 per weekly, £2 per fornightly and £2.50 per monthly payroll.

From the start of April and RTI she is charging a further £5 per month ie £60 per year so the fixed cost will increase to £110 per year.

In your case for the 10 weekly's my price would be be

Fixed annual charge                                                 £110

10 weeklies (10x£1.50x52)                                      £780

Total                                                                         £890

therefore would charge £75 per month.

Regards

Mark



__________________

Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
kjmcculloch83


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Hi Amanda,

I was going to increase my fees, but after having an input from HMRC about RTI at the last ICB Branch meeting (we really do speak in acronym's, don't we?) I have decided not to.

Everything I see about RTI tells me that my job will be easier, and not more difficult. I don't see any possible justification for charging more except cashing in on peoples fear.

Regards

Kris

__________________

BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 
K12345


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Thanks Mark and Cris. I was thinking around £2 per employee per week. Maybe I should reduce that slightly. Thanks for your advice, I appreciate it.

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Kiz
Amanda


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Thanks Mark for the prices, I will base my quote on something similar.

I know what you mean Kris, I suppose it could take longer if the payroll changed each week, which it may do I am waiting for confirmation on it. The Directors I was doing I have decided to leave them as they are.

thanks,



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Amanda
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