Basis of Fees
In common with most professions, our pricing is structured around the time taken to deal with your affairs and the seniority of the team members undertaking the work. The time taken is a function of the client's size, complexity and, most importantly, the quality of the books and records we are dealing with. The seniority of the team members performing the work is largely determined by the complexity of the work and the degree of knowledge and experience the work requires. Every client is different and hence every fee is different, so it is not possible to set fixed fees for most services. However, we have set out some indicative prices below.
We operate using two charge-out rates:
- Compliance rate - applicable to all compliance services
- Premium rate - applicable to non-compliance services and when you deliver your records to us less than 60 days before filling deadline for your accounts or tax return. Premium rates are approximately 25% more than our compliance rates.
A full list of the time spent and the charge out rate used is available on request.
Furthermore, we are usually able to provide you with a fixed fee quote for your circumstances and services requirements. Where a fixed fee has been agreed that fee will remain fixed only whilst the stated assumptions upon which it is based hold true. If the assumptions do not hold true, we will notify you and reserve the right to charge you for the additional time spent on the work as a result of the assumption not holding true.
A estimated fee is not a fixed fee: it is an indication of the likely time to be taken at appropriate charge-out rates when we are unable to reliably assess the time involved. The final fee may vary from the estimate based on the time taken and the seniority of staff involved.
For the majority of estates for which we aim to provide a full probate and estate administration service we will offer a fixed fee equal to a percentage of the estate's gross value up to a maximum of 2%.
Our fees may alternatively be quoted on a time basis where this is deemed appropriate and will vary according to the extent to which you require our involvement, the complexity of the estate and the specific services to be provided.
For example: an estate of £600,000 can expect a time-based fee of £1,000 plus VAT for completion of Inheritance tax forms only up to £6,000 plus VAT for a full probate and administration service with little or no tax planning required or may instead incur a fixed fee of £12,000 for a full service including extensive planning.
Disbursements such as valuation, probate, specialist, and legal fees will be added as appropriate where these are expended by us on your behalf.
If your previous annual fee had not been paid within 60 days of the fee note being raised (and had not agreed alternative terms with us), we will add a credit charge of 5% to you fee which will be waived if you pay us within 30 days of the fee note being raised.
Fee notes are raised periodically on substantial completion of each service we provide. However, we reserve the right to raise interim, ''on account'' fees on larger, extended projects or where there may be some delay in completing the work that is outside our control.
If you do not accept that an invoiced fee is fair an reasonable you must notify us within 21 days of receipt, failing which you will be deemed to have accepted that payment is due.
Certain services are subject to a fixed pricing structure as follows:
- Payrolls (up to 50 employees)
- Tax Investigation Insurance
- Auto enrolment
- Set up a new scheme (including addition of up to 10 employees) plus an additional charge per additional/new employee
- Re-enrolment and declaration of compliance
- Pension upload (including non auto enrolled schemes)Auto-enrolment
- Per return for up to 10 sub contractors
- Per nil return