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I'm being fleeced by my High St Accountants

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    #11
    You won't get any help from the Institute. My undertsanding is that they don;t get involved in fee disputes.

    You have been royally shafted right enough so yuo hsould ask them for a full breakdown of the fee. If they charge on an hourly basis, you'll then be able to see the hourly rate and the times taken for each process and yuo should be able to pick it apart.

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      #12
      Yup, You've been stitched up there...

      But!

      Didn't you ask first what you were gettiong for your money?
      'elf and safety guru

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        #13
        The accountant should have give you a quote for the work they were doing in the same way a solicitor would give you a quote for the costs associated with selling a house.

        If you didn't agree for them to carry out work don't pay them, they might write you a very agressive and threatening letter but tell them to get stuffed, unless they can provide evidence that they informed you of all the costs and options associated with it, they haven't got a leg to stand on.

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          #14
          For the total year inc accounts that would be ok but for those seems steep. Company formation? you can get that for 35 quid.
          bloggoth

          If everything isn't black and white, I say, 'Why the hell not?'
          John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)

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            #15
            Originally posted by xoggoth View Post
            For the total year inc accounts that would be ok but for those seems steep. Company formation? you can get that for 35 quid.
            Typically, an accountant will charge up to £200 for the set-up. This would include incorporation, VAT reg, PAYE reg, bank account etc. Yuo can normally knock us down if you do some of it yourself.

            £80 seems to be about the average monthly fee - although it can be as low as £50 and as high as the sky.

            The bigger issue is that high street accountants will generally (but now always) leave you alone throughout the year and get you at the y/e.

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