We understand the conundrum facing businesses in regard to professional fees. On the one hand, entrepreneurs need the best advice they can afford in order to institute structures which will optimise profitability and protect them from costly mistakes. On the other hand, they would like some certainty in all business expenditure.
The industry practice is to compute our fees on the basis of the time spent on your affairs by us and on the levels of skill, responsibility, seniority and investment in IT technology involved.
Our fees are generally based on the time expended and have regard to the level of experience of the partners and staff concerned. We are able to agree a fixed fee for key yearly tasks upfront to give you complete peace of mind to future costs. In addition a number of tax and company secretarial tasks are charged at fixed tariffs which are available at the time of giving us an instruction.
Prior to our commencing an assignment we will on request let you have an estimate of our costs thereof. Such estimate will take into account our best assessment of the work required to meet your needs, based on information which you give us. It is important to understand that should the facts differ from such assumptions additional time might be required. This will of course affect our fee.
Payment of our fees is generally by EFT and bank details are set out on our fee notes.
In order to assist our clients, we offer the following billing methods:
Retainer
This is most often a set monthly amount which is payable to us in order to reserve our monthly participation in regularly required tasks.
Hourly Billings
This is the default billing methodology and one which is applied to most work performed at our offices. Time spent by us are charged to your account by way of timesheets and you are billed at periodic intervals (usually when a task is completed or monthly in the case of consulting).
Contingent Pricing
This is a fee we charge based on an expected result. It is most often charged in the case of value added activities performed by us. Our fee is based either partly or wholly on the outcome of the event in question.
Unit Pricing
A fixed price is charged for the performance of a standard task, eg VAT and PAYE submissions.