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Generally, our fees for preparing accounts are based on the amount of time spent and the skill required by individuals to arrive at the hourly rate charged. It follows that the fee is relative to the quality of the accounting records presented, and the number and/or complexity of transactions involved.
To enable us to keep fees to a reasonable level we always advise clients on any improvements that can be implemented into their current record keeping system.
We now operate a policy that favours fixed fees!
Basically we try to establish a rate fixed at an agreed level for a particular assignment, though this will only apply to routine work. The main exceptions are fees relating to taxation and dealing with the authorities that stretch beyond normal self-assessment and compliance work.
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