It is often felt that accountancy fees are hidden in a shroud of secrecy. The only reason why charges are different from, say, a manufacturing company is that we can only sell time, rather than a specific product.
All partners and members of staff at Plummer Parsons have a fixed hourly rate which is recorded for fee purposes. This rate does include the use of sophisticated IT systems and programs which speeds up the work which is carried out and forms part of the hourly rate. We believe our charge-out rates and accountancy fees are very competitive with similar sized firms and are substantially less than other professional advisers.
Our fees can be dealt with in one of two ways:-
a) Accountancy fees charged by the hour. This is the standard basis and we detail to clients the work carried out.
b) Fixed fees. We are always pleased to operate a fixed price agreement for clients for carrying out specific work and normally this will be fixed fee for a twelve month period.
We believe you should always be in control of your accountancy fees, with no surprises. We believe that fixed fees, whilst giving you budgetary certainty, will nearly always result in you paying more overall because we have to cost in for services that you may or may not request, however we are happy to give you a competitive fixed fee quote for agreed services and we can provide this for some or all of your accountancy and tax services we provide.
We also have a menu of services to show the build up of the annual fees. This menu does vary from client to client, but the type of services which we can cover in this way are as follows:-
Quarterly VAT returns
Personal tax returns
Company corporation tax returns
Charity tax returns
Annual accounts for sole traders or partnerships
Annual accounts for limited companies
Annual Accounts for charities
Maintaining statutory records and completion of annual returns
Management accounts from Sage or Quickbooks records
Budgeting and forecasting
In addition, our Payroll Department has fixed prices for their weekly or monthly services.
We are totally flexible in putting together a package to suit you and all fees can be quoted in writing in advance. It may be that there is one specific project you would like us to deal with, such as a cash flow statement or an investigation into a potential acquisition target. In all these cases a fee for the project can be agreed.
In return the only point we ask is that our fees are settled promptly and our terms of trade are that these are paid within 30 days of the request being rendered. In many cases, however, clients prefer to pay by standing order. This can be set up in advance and can relate to a fixed fee quotation spread over 12 months. This not only helps keep our costs down, but also spreads the payment over the period the work is being carried out.
If you would like a quotation for your accountancy fees please contact us with the structure of the business (sole trader, partnership or limited company), the approximate turnover and the work areas you would like to be covered in the quotation and one of our partners will contact you to arrange a free initial meeting.