Fees

We work on a fixed-fee basis generally. This means that the fee we agree with you is the fee that you pay. Fees include all-year round general support, as well as the year-end accounts and tax work. If significantly more work than expected is required, we will discuss this with you in advance.

Agreeing our fee with you � the process

New clients

When a new client contacts us, we offer a free initial consultation. This enables us to understand your circumstances, and requirements, and provide you with an all-inclusive fee quote. We will then confirm your requirements and the agreed fee, by email, and await your approval.
If you are happy to proceed, we then set out the agreed services and fee quote in our standard Engagement Letter (the contract between us). This ensures that you have a record of the services you need, and the agreed fee. Two copies are sent out by post, with one copy to be signed by you and returned to us. We will also take suitable identification at this point for regulatory purposes.
At this point, you are now a client of our practice, and will receive our full client service, regardless of whether your year-end accounts and tax work is due yet.

Current clients

For current clients, the agreed fee will continue to apply until we discuss and agree a new fee with you. Clients therefore have peace of mind that they will only ever receive a bill for a fee that they have explicitly agreed to
If your circumstances change significantly, we will discuss and agree any proposed fee change with you. We will fully explain any proposed fee change to you, and ask for your agreement to it.
Every few years, we may propose a modest inflation-related fee increase. Again, we will ask for your agreement to the fee change.

Billing

For personal clients, fees are billed annually in arrears, and only after the completion of the year end accounts and/or tax work. Bills are sent out to clients during the month after the year end accounts and/or tax work is completed. For example, if the year end personal accounts and tax return is completed for a client in November, the bill will be sent out during December.

Bills are due for payment 28 days after issue. We do respectfully ask clients to pay bills on time as it is embarrassing for both parties if bills need to be chased.

Fee indications

Every client has different requirements, and so the following fee indications are for guidance only � all fee quotes are provided on an individual basis. However we would generally expect fees to be around the level indicated below for most clients.
It is important to appreciate that we expect all clients to provide us with reasonably good business records, to enable the accounts and/or tax work required to be professionally completed. We provide professional-standard templates and guidance documents to ensure that clients are able to keep good records of income and expenditure during the year.

Property Investors

For property investors that invest in their own personal name(s), a base fee is charged per person (i.e. per Tax Return), plus a fee for each additional investment property, as follows:

Individual Self Assessment Tax Return, to include one investment property, plus detailed property accounts:	�175+VAT
Each additional investment property (per property, not per person)	�75+VAT

Discounts are available for investors with larger portfolios. Please note that multi-let and HMO property investors may pay slightly higher fees depending on the level of additional work required.

Other individuals

Tax returns for individuals that are not property invertors are set on an individual basis according the complexity of the individual�s affairs, and the quality of the information provided to us. Typically, for a simple tax return our fees would start from �125+VAT per Tax return. If Sole Trader accounts are required, these start from �195+VAT, in addition to the basic Tax Return.

Limited Companies

We offer an all-inclusive service to manage all aspects of running your limited company, from initial set-up onwards. This includes annual statutory accounts in the legally prescribed format, for filing with Companies House and HMRC, CT600 Corporation Tax return work, advising on how to extract company profits tax-efficiently, as well as general day to day support. Fees start from �675+VAT for this service.

Clients may also request additional services, such as:

Completion of VAT returns	From �30+VAT per quarter
Dealing with the company�s payroll	From �15+VAT per month
Quarterly full management accounts	�45+VAT per quarter