What is the going rate?
From ICAEW - www.icaew.co.uk/index.cfm...MNXI_30245 - re Fees
Quote:
--------------------------------------------------------------------------------
Fee Quotations and Estimates
2.0 A member or member firm should, at the earliest opportunity, discuss and explain the basis on which fees will be calculated and, where practicable, the estimated initial fee. Fees should be determined by reference to:
- the seniority and professional expertise of the persons necessarily engaged on the work;
- the time expended by each;
- the degree of risk and responsibility which the work entails;
- the priority and importance of the work to the client;
- together with any expenses properly incurred.
The arrangements agreed should be confirmed in writing prior to the commencement of any engagement, normally in an engagement letter, including a confirmation of any estimate, quotation or other indication, and where the basis of future fees will differ from that of initial fees, the basis on which such fees will be rendered. Where there is no engagement letter the member or member firm should confirm the initial discussion in writing to the client as soon as practicable
--------------------------------------------------------------------------------
Bradley
What is the normal charge out rate for a qualified accountant.
From ICAEW - www.icaew.co.uk/index.cfm...MNXI_30245 - re Fees
Quote:
--------------------------------------------------------------------------------
Fee Quotations and Estimates
2.0 A member or member firm should, at the earliest opportunity, discuss and explain the basis on which fees will be calculated and, where practicable, the estimated initial fee. Fees should be determined by reference to:
- the seniority and professional expertise of the persons necessarily engaged on the work;
- the time expended by each;
- the degree of risk and responsibility which the work entails;
- the priority and importance of the work to the client;
- together with any expenses properly incurred.
The arrangements agreed should be confirmed in writing prior to the commencement of any engagement, normally in an engagement letter, including a confirmation of any estimate, quotation or other indication, and where the basis of future fees will differ from that of initial fees, the basis on which such fees will be rendered. Where there is no engagement letter the member or member firm should confirm the initial discussion in writing to the client as soon as practicable
--------------------------------------------------------------------------------
Bradley
What is the normal charge out rate for a qualified accountant.
Comment