Reply to: Acountant raising fees by 18%

[swamp]

How long have their fees been unchanged? If it's been several years then it's understandable, though the timing isn't great.

It's the first time in many the fees have gone up. I think my fees were supposed to go up years ago, and a number of times, but I was missed somehow.

I wouldn't be that bothered, but I've just had to take a rate cut from my client.

[Not So Wise]

I was trying to be clever and predict the news. I could not have been more wrong!

Ofwat calls for lower water bills

Nahh you were not that wrong, regulator is telling them to reduce rates, most of them want to increase them, Thames water by 17.5%

[RichardCranium]

It's probably based on water rates.

I was trying to be clever and predict the news. I could not have been more wrong!

Ofwat calls for lower water bills

[d000hg]

How long have their fees been unchanged? If it's been several years then it's understandable, though the timing isn't great.

[RichardCranium]

Is 18% the rate of inflation now? Judging by council tax rises, I thought it was only about 5%.

It's probably based on water rates.

[TimberWolf]

Is 18% the rate of inflation now? Judging by council tax rises, I thought it was only about 5%.

[DimPrawn]

My accountant wrote to me today telling me their fees have risen by 18% and I have to fill out a new direct debit form. What should I do?

I would post a poll on CUK so a random selection of strangers who don't give a tulip can give you their opinion.

What I definately wouldn't do is call my existing accountant to discuss the price rise or ring round a few of the recommended accountants here and compare service and prices.

HTH

[mrdonuts]

name and shame

[BrilloPad]

Walk.

Why no andyw option?

[The Lone Gunman]

<blatent spam>Give Darren at Uptons a ring. He will sort you out.</blatent spam>

[Clippy]

My accountant wrote to me today telling me their fees have risen by 18% and I have to fill out a new direct debit form. What should I do?

Please see poll!

The obvious question is why are their fees going up - have their costs to provide you with a service risen by 18%?

Seems a fair question to ask of them.

[Board Game Geek]

Bagpuss wrote : On the other hand perhaps the accountants client base is falling during the recession but he doesn't want to have to lay off staff?

In which case, if the client base is falling, uplifting their fees by 18% is only going to accelerate the quantity of desertions, and ultimately they will have to lay off staff sooner.

[Bagpuss]

On the other hand perhaps the accountants client base is falling during the recession but he doesn't want to have to lay off staff?

[Board Game Geek]

So basically the accountancy's idea to survive the recession is to leverage an 18% across the board fee increase on their clients.

I am trying to understand how this model will help their long term survivability when a high proportion of their clients will either a) financially suffer from the 18% increase, and go bankrupt or b) take their business elsewhere before option a happens.

I personally would suggest another accountancy, one that isn't called Fcktard and Son.

[cojak]

How much do you pay at the moment?

If it's £50 and you're happy with them then pay it.

If it's £100 then find another accountant...