Accountant Charges

[tier9999]

Is it fare to charge 300£+VAT for Visa documents (ex:accounts,reference letter,payslips etc) from accountancy firm which manages my LTD company?

Any recommendation to above job done for less than 300£+VAT

[Sally@InTouch]

Is it fare to charge 300£+VAT for Visa documents (ex:accounts,reference letter,payslips etc) from accountancy firm which manages my LTD company?

Any recommendation to above job done for less than 300£+VAT

To me, this seems excessive. If you can provide payslips, dividend vouchers and personal bank statements then all is needed is a letter from them,
Many accountants will provide this free of charge.

[rdglad]

Its time to change your accountant. Producing Payslips, Dividend Vouchers is their job. Most of accountants issue a Reference letter free of cost.

[Greg@CapitalCity]

To be fair, there are a few unknowns with this question. If your accountant holds up to date financial information for your company, then producing what you require should not take too much out of their day. The bulk of the work will be getting up to date earnings figures for your letter, and preparing a set of management accounts for the period you require.

However, if your accountant has no current financial information, and must collect it all and then process it, then I can see why a separate charge might be levied. To be charged £300 for the information, I would expect that you fall into the latter category. If you don't, then I agree with Sally - it sounds a bit excessive.

[Jeremiah@RHJAccountants]

To be fair, there are a few unknowns with this question. If your accountant holds up to date financial information for your company, then producing what you require should not take too much out of their day. The bulk of the work will be getting up to date earnings figures for your letter, and preparing a set of management accounts for the period you require.

However, if your accountant has no current financial information, and must collect it all and then process it, then I can see why a separate charge might be levied. To be charged £300 for the information, I would expect that you fall into the latter category. If you don't, then I agree with Sally - it sounds a bit excessive.

I agree with the above if the information has already been prepared and it is the case of a simple reference letter and attaching the information i would expect most accountants to this free of charge.

I do however think £300 as a charge is excessive even if no financial information has been prepared.

Most contractor accountants prepare monthly or quarterly dividend calculations, payslips and other financial information so it should be to hand.

[tier9999]

They have all financial information and nothing to do. They need to take printout of all docs,reference letter and sign it and send across. They charge monthly 130£+Vat for LTD accounting. Upon that to get documents for Visa 300£+VAT. Completely rip off.

Need to move out of them ASAP