I think she'll do a DIY job this year!...and if she had all the calculations done already, why didn't she just do the return herself?
What do you think it should be?So Gordon, are you being flippant or are you really saying that she got good value?
Like the story of old Mick who was let go from the factory. A few days later, the machine breaks down and no one can fix it so they phone Mick. He comes in, picks up a hammer and give a screw a bang. He then gives them an invoice for €1,000. They are amazed at the cost so Mick offers to give them a breakdown:There’s an old saying which I’m probably butchering here, but it goes something like this: It’s not just the hour of my time you’re paying for…you’re paying for the 20 years of study and experience that enable me to do it properly in an hour.
He then gives them an invoice for €1,000
€100 to hit the screw
€990 to know which screw to hit
So he gave them a discount of €90?
So he gave them a discount of €90?
If I was paying less than this I'd be very worried about the level of the person doing the work for meMy sister set up a small Air-BnB business with 2 units.
This is her only income. She is single with no special circumstances.
I set up a detailed spreadsheet for her first year's accounts.
Every item of income and expenditure was entered and categorised under various headings.
The percentage of household expenses allocated to the business was automatically calculated.
Everything was summarised on a third sheet up to, and including the The Nett taxable profit.
The accountant was happy with the spreadsheet and did not request or check any paperwork.
All he had to do was create a ROS account for her and enter the relevant figures.
What would have been a fair price for this job?
(I can't imagine it taking more two hours).
Click on the spoiler button below to reveal the fee that was charged.
€500 + VAT
I'd get on to that factory if I were you Steven... if Mick was using a hammer with screws all his life in the factory, there must be many other 'repairs' just waiting to fail!Like the story of old Mick who was let go from the factory. A few days later, the machine breaks down and no one can fix it so they phone Mick. He comes in, picks up a hammer and give a screw a bang. He then gives them an invoice for €1,000. They are amazed at the cost so Mick offers to give them a breakdown:
€100 to hit the screw
€990 to know which screw to hit
You are paying for expertise, not time
Anyone dealing with the public trades on their reputation. I'm far more concerned about the integrity and ability of the bricklayer and steel fabricator who built the house I live in than the bean counter who does my tax return. If the former screw up my family and I could die. If the latter screws up I could face an audit.It’s not some fella down the pub doing this stuff; it’s a qualified professional.
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