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   Fee Basis

Our philosophy on fees is simple. Clients need to understand the basis on which they are being charged and must be able to trust in our ability as a firm to offer an appropriate, value for money service.


We usually charge fees in one of two ways:

Fixed Fee or Fee Range - based on a specific assignment and agreed in advance.

It is our policy to agree fixed fees for assignments wherever possible. This will often be the case with many compliance assignments (accounts preparation, book-keeping and VAT returns, tax returns and computations) and any other assignments where the scope of the work and the time commitment can be reasonably estimated.

Where we work on a fixed fee basis or within a fixed fee range, this will not change unless the nature or scope of the assignment changes before or during the course of our work and then only after proper consultation with our client. It is important that our clients provide us with what we need in order to deliver this service. A list of requirements will be agreed with you prior to commencement of the assignment.


Time costs incurred - calculated by reference to the seniority of the personnel involved and the relative complexity of the service provided.

We work on time costs incurred basis where the nature of the assignment renders it inappropriate for a fixed fee agreement. When working on an hourly rate basis however we will provide an estimate of the anticipated time together with details of our current hourly rates, when requested to do so.

We also keep our clients regularly appraised of the time incurred during the currency of the assignment.

In all cases fees are quoted net of VAT and disbursements.


Disbursements

Unless otherwise agreed we will normally recharge the following expenses as and when incurred:

  • couriers and special or recorded delivery
  • travel and accommodation
  • counsel and other expert fees, if required
  • statutory disbursements (change of name, filing fees etc)
However, we do not charge for secretarial services or client entertaining.


Fee Invoicing

Unless otherwise agreed we will raise monthly invoices based either on time incurred, or by agreed amounts in accordance with our fee agreement.

It is our policy to provide a breakdown of charges with our invoices. A more detailed Print-out of time spent by individual personnel is always available in respect of time-based charges. Our fees are payable on delivery of an invoice unless otherwise agreed.



Engagement Letter

All clients will be issued with an Engagement Letter within 14 days of being advised that there are no professional reasons why we cannot act. This letter will set out the basis on which we are to act and must be signed and returned within 14 days of receipt. It will be reviewed from time to time thereafter as appropriate.