SJD price increases

[SueEllen]

Out of interest did you end up with them by way of a 'recommendation' from a pimp, I did as it was my first contract and I didn't have anything set up. Hope the pimp choked on the Champers the referral fee bought him!

The pimp doesn't care as s/he's looking for a short term gain.

Most accountants are looking for long term clients with referrals to gain new ones.

[Waldorf]

£600 is not sustainable if you want a decent level of service. We work on a 100 clients per accountant ratio (which I think is fairly typical) so the labour cost is c£300 per client per year. Even discounted Freeagent subs are c£200 per year. That leaves £100 for overhead, vat and profit. Therefore a £600 pa fee is not sustainable and is not in my view market rate either.

If £600 is the VAT inclusive price then the VAT alone will be £100.

I agree that a fee as low as £600 is unsustainable and I would avoid.

[Dan@OrangeGenie]

The pimp doesn't care as s/he's looking for a short term gain.

Most accountants are looking for long term clients with referrals to gain new ones.

+1 this, and thats why we reward our clients for each and every referral we get.

[Jeremiah@RHJAccountants]

+1 this, and thats why we reward our clients for each and every referral we get.

I agree this is how most accountants work certainly we do. Referrals are the best form of business and speaks volumes to potential clients.

[SlipTheJab]

I agree this is how most accountants work certainly we do. Referrals are the best form of business and speaks volumes to potential clients.

It certainly did in my case!, but then the referral did come from an agent looking purely for the biggest bung available and as a green behind the ears contractor I knew no better. Now referrals from fellow contractors who are actually current clients, I agree they speaks volumes and are a good thing.

[TheFaQQer]

+1 this, and thats why we reward our clients for each and every referral we get.

I presume you then include the value of the referrals on their tax return for them when you do their self assessment?

[Jeremiah@RHJAccountants]

It certainly did in my case!, but then the referral did come from an agent looking purely for the biggest bung available and as a green behind the ears contractor I knew no better. Now referrals from fellow contractors who are actually current clients, I agree they speaks volumes and are a good thing.

I think we all know how most agents work!

But yes referrals from fellow contractors who are current clients is the best way to go seems to work for my firm and many other firms too.

If someone does a good job for you why would you not refer them onto you fellow contractor.

[Dan@OrangeGenie]

I presume you then include the value of the referrals on their tax return for them when you do their self assessment?

A sharp eye!

Even better, we reduce their monthly fee, that way we show how valued they are every month we charge our fee.

[administrator]

This thread has wandered a tad off topic and is now closed.