AR01 how much to charge Poll
Newbie
Registered Posts: 229 Dedicated contributor 🦉
I wanted to gauge charges for forms AR01, AA02 and dormant accounts i.e has traded previously.
0
Comments
-
AR01 = £50 inc VAT and CoHo filing fee (i.e. we charge £30)
AA02 = £50-75+VAT (I think, I'm never sure how to price this one as it's dead easy really.
ABBRV - dormant but previously traded (i.e. file the same BS as last year = £75+VAT.
These are quick items but it takes knowledge and skill to complete them correctly and know which to do, so it's not a time-based billing item, to my mind.0 -
These are quick items but it takes knowledge and skill to complete them correctly and know which to do, so it's not a time-based billing item, to my mind.
That's very much what I was thinking too. I charge this way for these types of services as by time would not really reflect the knowledge and experience required to complete the work successfully.0 -
We don't charge for AR01 it is included with the annual accounts fee and we recharge the Filing fee at £14. Dormant accounts we charge £100 plus VAT including a letter to HMRC to confirm dormant.0
-
great thanks very much0
-
We don't charge for AR01 it is included with the annual accounts fee and we recharge the Filing fee at £14. Dormant accounts we charge £100 plus VAT including a letter to HMRC to confirm dormant.
That's exactly the same as us.These are quick items but it takes knowledge and skill to complete them correctly and know which to do, so it's not a time-based billing item, to my mind.
I feel exactly the same. I very much liked your blog on fees, by the way. They're not paying for your time, that's what you do with employees. They're paying for your expertise and they're paying for the benefit that your work will provide them - i.e. avoided penalties, piece of mind, tax-savings (obviously not for dormant accounts though). For basic compliance work, I feel a fixed-fee (which will probably, albeit loosely, relate to the time involved) is best, but for anything that will bring a noticeable benefit to the client such as a tax saving or a profit improvement... etc, it's got to be a value-based fee.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 325 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 202 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 583 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership