Professional fees: how much to charge?

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gwenb
gwenb Registered Posts: 42
edited June 18 in General member discussion
Hello,
I have recently been granted my License and now I am working on my fees. How much do people charge for a SAR? and for annual accounts for a sole trader? What works best: a fixed charge per job or an hour rate?
Thank you.

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  • Bertie
    Bertie Registered Posts: 373
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    It depends I'm afraid.

    Simple ST bookkeeping, accounts and tax £500.

    ST with the above and cloud invoicing software, starting at £600

    ST with masses of invoices > £1000

    Purely a SA, are you going to adjust accounts or take them at face value? If so have a STRONG letter of engagement in place.

    Simple return starting at £250.
  • reader
    reader Registered Posts: 1,029 Beyond epic contributor 🧙‍♂️
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    Simple return (salary, dividends, interest, child benefit, student loan): From £75+VAT
    Simple bookkeeping and tax return: From £150+VAT
    Accounts (including balance sheet) and tax return: From £300+VAT
  • burg
    burg Registered, Moderator Posts: 1,425 mod
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    Personally fixed prices work better than hourly rates. The above gives you a guide to the market. Don't cheapen yourself massivelt just to win work. Clients who you win on fees don't very often turn out to be the best clients in the long run. I've heard a saying that the 10% lowest fee payers take up 90% of your time. It's not quite this extreme but it gets the idea accross.
    Regards,

    Burg
  • Bmer82
    Bmer82 Registered Posts: 69
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    wouldnt surprise me Burg parento rule in action
  • gwenb
    gwenb Registered Posts: 42
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    Thank you. I really appreciate all your comments. I drafted a table with different prices for sole traders and limited companies depending on the various services they need.
    Early days for me. Still working on branding.

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