• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • FREE webinar: What does a post IR35 reform CV look like? : Wed, Jul 28, 2021 7:15 PM - 8:15 PM BST More details here.

Accountant wants to charge more due to changes

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

  • EVI
    replied
    Originally posted by youngguy View Post
    Out of interest, what time frame did they give for the handover (given this is no doubt a busy time of yr)?
    About a month. The best and easiest time to switch is on your company year end.

    Leave a comment:


  • youngguy
    replied
    Originally posted by EVI View Post
    Already have. I've just signed up with Gorilla Accounting who are cheaper, have quarterly reviews and also include FreeAgent in their fee.
    Out of interest, what time frame did they give for the handover (given this is no doubt a busy time of yr)?

    Leave a comment:


  • EVI
    replied
    Originally posted by pr1 View Post
    vote with your feet
    Already have. I've just signed up with Gorilla Accounting who are cheaper, have quarterly reviews and also include FreeAgent in their fee.

    Leave a comment:


  • Wijay@WISAccountancy
    replied
    Originally posted by EVI View Post
    Well I am currently with InTouch and they are one of the accounting firms charging a fee for tax planning for next year. I really do think this is cheeky since their service includes tax planning and for the last couple of years, I've not had a single review of my accounts until now when I really need it the most.

    It's inevitable that they'll be changes so I would expect my accountant to always be up to date with these changes and provide advice otherwise what's the point of having an accountant? If I want someone to fill the forms and send me reminders, systems like FreeAgent are available and much cheaper.
    There are plenty of contract specialised small accountancy firms like us who do not charge. You can buy them a coffee if you wish :-).

    Leave a comment:


  • pr1
    replied
    Originally posted by EVI View Post
    Well I am currently with InTouch and they are one of the accounting firms charging a fee for tax planning for next year. I really do think this is cheeky since their service includes tax planning and for the last couple of years, I've not had a single review of my accounts until now when I really need it the most.

    It's inevitable that they'll be changes so I would expect my accountant to always be up to date with these changes and provide advice otherwise what's the point of having an accountant? If I want someone to fill the forms and send me reminders, systems like FreeAgent are available and much cheaper.
    vote with your feet

    Leave a comment:


  • EVI
    replied
    Well I am currently with InTouch and they are one of the accounting firms charging a fee for tax planning for next year. I really do think this is cheeky since their service includes tax planning and for the last couple of years, I've not had a single review of my accounts until now when I really need it the most.

    It's inevitable that they'll be changes so I would expect my accountant to always be up to date with these changes and provide advice otherwise what's the point of having an accountant? If I want someone to fill the forms and send me reminders, systems like FreeAgent are available and much cheaper.

    Leave a comment:


  • devonlady
    replied
    It depends on what you originally asked your accountant to do for you. If it was merely to prepare your year end accounts, based on work submitted to him, and to submit your year end Return, but are in reality actually asking for more help as to tax planning and tax avoidance etc, maybe he/she is right in saying that charges will have to increase. My accountant is a personal friend and he has told me about the changes that are forthcoming already, and indeed his (very reasonable) fees are going to increase, and I would expect nothing less. I get a very personalised service in return for endeavouring to provide him with a complete year end spreadsheet, supporting paperwork etc. I reckon he is worth several times what he actually charges.
    I see far too many professionals who don't actually charge what they should for the high standard of service they give, and too many professionals who charge way too much for a sub-standard service = swings and roundabouts! If you have got a great accountant with reasonable charges, they are worth their weight in gold.

    Leave a comment:


  • Alan @ BroomeAffinity
    replied
    Dealing with these changes is part and parcel of an inclusive service/fee. Granted, if you're on a very low fee or compliance only service there's maybe an argument to be made but most monthly arrangements aren't like that. When things are unchanging we do pretty well out of contractor clients, so my feeling is we have to suck it up when things get tricky. Maybe I'm overly pragmatic but I think we should play fair with clients.

    Leave a comment:


  • fool
    replied
    Originally posted by Louisa@InTouch View Post
    General tax and income planning will usually be included within any fees.

    However changes in legislation often call for a one off more complex and forward thinking advice.

    It's not unusual for such services to be offered as an addition to the normal service. The problem with what's coming round the corner is that it requires planning for more than 12 months ahead which could involve projections, assumptions and detailed discussions to get to the right answer for each individual client.

    That's clearly not going to fall within a typical fixed fee. I'd suggest that you speak to them and find out the basis of why they are charging the additional fee and what you are going to get out of it?

    For every £100 they charge, you could save £000's! So, it's good to find out what's available to you...
    I'm not really sure I agree with your take on this at all. If the tax landscape was unchanging, we typically wouldn't need an accountant and thus we'd sign up for freeagent, get a single years advice about what's efficient and then never bother paying you again.

    We're not actually idiots you know, thus the £1000+ a year becomes a worthwhile investment because the rules do change. Sometimes there aren't major changes, so there's not a lot for you to do and you get the better end of the deal, and sometimes things quite a bit and you'll need to put in additional effort keep us apprised that year.

    Now I'm not saying nobody can ever put their prices up but we're all adults here, just be straight up about it.

    Leave a comment:


  • Michael at BI Accountancy
    replied
    Have to agree with Alan and Maslins.

    Essentially you are paying your accountant to keep up with all these changes. As far as we are concerned tax planning should be included in the monthly fee.

    I believe FreeAgent are also working on a dividend tax calculation to clearly show the amount needed to be set aside.

    Leave a comment:

Working...
X