Hi all ,
Another day any other problem :) at least today's problem is only small !
So I've been approached by a family member , ones a limited company and ones self assessment .
My issue with these are what to charge .
I have my standard fees I charge everyone ( hourly rates etc ) but as there family , what do I do ?
Would you discount hourly rate ? Or give them a set price with so much taken off ?
My backgrounds industry so I still feel unconfortabke charging people , so prefer to send time sheets broken down . But I am thinking about pricing jobs at set amounts per month etc
Any ideas ?
Thanks guys .
Hi again Nicola
This doesnt really answer your question, but dont the AAT say not to do the books of family - under their ethics guidelines?
Under the fixed charges issue/value pricing/hourly rate - there is a lot on here arguing both ways - do a bit of a search and you will see a few post posts on the subject. I have a couple on fixed, but mostly hourly as they were hard to pin down on requirements and boy am I glad I am. You have to get your questioning exactly right and put some parameters in place with fixed otherwise if they explode/start doing well or go off in another business direction then you can end up seriously under charging.
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
Hi Cheshire ,
I'm sorry for late response I've been in Scotland with work.
I checked with AAT in regards to family , and they said as long as we do our usual due diligence and risk assessment family is fine .
Thanks for the advice .
When I seen there where only 3 months worth of receipts (he was Paye rest of year ) I wasn't as concerned .
Nic xx
I'm a finance business partner in my day job , I spend my time between Liverpool and Portsmouth / Leeds . And now Scotland ! But I've got a day off tommorrow :) so excited lol Ive booked my self on a tax CPD course now thoughxx
Thanks for your help other day I really did appreciate it , the hardest thing about starting up on your own is the feeling of being out on a limb a bit .
This forum has been a godsend xx
