Also depends on the qualification level and workload of the person doing the filing (there are opportunity costs to consider).
I would say though as a finger in the air quote not knowing anything of the exact circulstances that the business owner would be quoted between £400 and £1500 for the job. (VAT exclusive figures)
That is not however saying that there is anything amiss if the quote is above £1500, just that we do not know the facts surrounding the quote.
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
yes. I was just talking about the accountants side of the fence.
I've had a lot of sets of books from clients where from their perspective it's :
"I've already done everything for you"
And from our side of the fence you have to check everything that they've done, often fixing large chunks of it but even if you don't need to fix it you still had to check it.
In some ways it would be cheaper for clients to simply give the accountant all of their paperwork and the accountant does it from scratch (or more to the point uses a bookkeeper that they trust to get it right) as clients doing their own books or using poor quality bookkeepers is a false economy and they will end up either paying the bookkeeping fee's to the accountant or paying the bookkeeping fee's again as part of the accounts prep.
Thats why I gave such a wide band in my estimate which was basically intended to show a minimum price where the books have been prepared by a known competent bookkeeper and an average price where the client has gone for the cheapest option (doing it themselves or using someone with minimal training who was the cheapest quote).
The fee's can of course go a lot higher than £1500 dependant upon the amount of work that the accountant needs to do to unravel the books.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Thank you
that's exactly the dilemma of getting the balance right as when you provide a quote, straight away you get a response to the effect of... 'but we've done all the work and your are only filing' - I don't think people fully understand the time spent in the background to get all the accounts filed
We would do it for £900 + VAT (this doesnt include any bookkeeping work).
Though does include
1. Preparation and submission of accounts to CH
2. Preparation and submission of CT return to HMRC
3. Personal tax return for up to two directors
4. Monthly payroll for up to two employees
5. Preparation and submission of annual return to CH.
Had a sole trader client today that handed in a couple of large carrier bags of purchase invoices/receipts and book of sales takings. Basically a cash business but has a business bank account where any excess cash get paid into plus some payments get paid out off. He also employs his son and pays him weekly.
Quoted him £1,500 + VAT to summarise the records, prepare the accounts, prepare his personal tax return and do the weekly payroll for one employee going forward.
