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It was our firm’s normal practice to charge clients on a
time cost basis.
Our firm has, however, introduced an alternative for clients who
do not wish to be charged on the traditional ‘time cost’
basis and do not qualify for one of our Square Deal schemes. This
scheme is called ‘The Third Option’.
How The Third Option Works
Under the third option we give a firm commitment on the level
of our fees before the preparation of your annual accounts. To
enable us to quote the fixed fee we would need to review your
books of account prior to quoting. The quoted fee can include
all our services, including the preparation of your business accounts,
preparation of tax computations for businesses, partners and directors
and completion of tax returns for partners and directors, providing
copies of accounts and computations and submitting them to the
Inspector of Taxes. We will supply you with a letter quoting the
fee and setting out very clearly what is included. We are able
to offer a fixed fee package tailor-made to your specific needs.
Payment of Fees
In exchange our firm will require:
One third deposit before start of work
One third on completion of the accounts at the same time the fee
note is rendered
The third within thirty days of the fee note date
provided these fees are paid in full prior to receipt of the fee
account there will be a 5% discount given on the quoted fee.
All fees are subject to VAT at the rate applicable
when rendering the account.
Dishonoured cheques due to non -payment of accounts will be charged
to the client at a rate of £25.00 + VAT
As is our normal policy, interest will be charged on any amounts
not paid within thirty days currently at 1.00% for the first
month and at 1.00% (cumulative) each month thereafter. Our rate
of interest may be increased dependent on the bank base rate.
We also charge for dishonoured cheques, as noted in our general
services and fees booklets.
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