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I am paying double that. Last year I had to get my accountant to calculate capital gains tax. I got an auctioneer to do 2 valuations he also had a lot of checking up on purchases over a 20 year period. The auctioneer charged me €150 for all that he done. What the accountant did was take all the auctioneers information and do the simple calculation for capital gains tax. The accountant charged me €1000. When I questioned this price he started telling me about all the info he had to collect I told him that the auctioneer got all that info and I had the paperwork to prove it, he then started rambling on about that there is a minimum charge for doing CGT and it was €1000. I have done the sum of how to calculate CTG in a tax course that I done, when you have all the figures it takes about 5 minutes. €1000 for 5 minutes work thats not bad.After doing my taxes for 2006-2007, I recently recieved an invoice from accountant for €600. That is about as much as much I paid in taxes (I was on a very low income, working for myself).
I am surprised by the price - does that seem like a lot?
After doing my taxes for 2006-2007, I recently recieved an invoice from accountant for €600. That is about as much as much I paid in taxes (I was on a very low income, working for myself).
I am surprised by the price - does that seem like a lot?
It seems ok.
I got charged €1850 for my returns last year (shockingly expensive, I thought)Nicola
Also, €600, is this including Prelim. for 2008? Did you have any tax liability at 41%?
I have done the sum of how to calculate CTG in a tax course that I done, when you have all the figures it takes about 5 minutes. €1000 for 5 minutes work thats not bad.
shockingly expensive, I thought.
I did, as a result of a big error in my previous return (thanks for advise you gave to me previously re this Graham, was very useful).If it is too expensive would you consider moving to an accountant whose charges are more in line with your expectations.
No I did not ask what he was going to charge as I thought that it would be included in the normal yearly fees, like it has been for the fifteen years he has been doing my accounts. Like I said I wouldn't expect him to have a seperate charge for doing a five minute sum. If you're buying a TV you ask the price then they tell you its extra for the plug, come on there is a big difference between the two. As for the comment about pursuing a career in tax consultancy I will ignore that. By the way what would normally charge for CTG when someone supplies all the details?With those sort of earnings perhaps you should consider pursuing a career in tax consultancy. Again, as in above, did you not ask what he was going to charge?
The largely common thread here is the surprise at the level of charge. In most instances the client has not asked what the charge was going to be. If I am buying a TV, I ask the price. If I am getting a plumber to repair my boiler, I ask the rough price ( I know there will be +/- in some jobs so fair enough). However many people seem to rarely ask professionals ( not just accountants) what they are going to be billed. If you do not then how can you then be shocked or amazed by the price. Different accountants will have different fee scales/charges. They will vary for a multitude of reasons. There are no set charges or set hourly rates. One needs to ask.
( I am an accountant & auditor in practice )
No I did not ask what he was going to charge as I thought that it would be included in the normal yearly fees, like it has been for the fifteen years he has been doing my accounts. Like I said I wouldn't expect him to have a seperate charge for doing a five minute sum. If you're buying a TV you ask the price then they tell you its extra for the plug, come on there is a big difference between the two. As for the comment about pursuing a career in tax consultancy I will ignore that. By the way what would normally charge for CTG when someone supplies all the details?With those sort of earnings perhaps you should consider pursuing a career in tax consultancy. Again, as in above, did you not ask what he was going to charge?
The largely common thread here is the surprise at the level of charge. In most instances the client has not asked what the charge was going to be. If I am buying a TV, I ask the price. If I am getting a plumber to repair my boiler, I ask the rough price ( I know there will be +/- in some jobs so fair enough). However many people seem to rarely ask professionals ( not just accountants) what they are going to be billed. If you do not then how can you then be shocked or amazed by the price. Different accountants will have different fee scales/charges. They will vary for a multitude of reasons. There are no set charges or set hourly rates. One needs to ask.
( I am an accountant & auditor in practice )
As for the comment about pursuing a career in tax consultancy I will ignore that. By the way what would normally charge for CTG when someone supplies all the details?
I have paid similar to my current accountant but to me it is not now 'shockingly expensive', as the work he has done is reliable, and I am very happy with his services, so even though the same price, it now is value for money (if that makes sense).
Nicola
Not always true Ubiq. There are rogues out there who charge outrageous prices for poor workmanship. Simply being an ACA, ACCA or CPA is not enough. A lot of older accountants fail to keep up to date and repeat the same mistakes over and over. A lot of younger accountants suffer from inexperience and are more worried about their trip to St. Andrews or their 7 series than in providing quality service.
Absolutely correct.As always, recommendations from previous customers (satisfied & otherwise) are the best way for the customer to tell the difference.
I know that it is CGT it was a typing error read my first post I am not a typing expert like you1) It's CGT not CTG.'Nuff said.
I know that it is CGT it was a typing error read my first post I am not a typing expert like you
have done the sum of how to calculate CTG in a tax course that I done,
If half reading a post is attention to detail, kettle, pot ring any bells.Attention to detail, one of the things that makes €1,000 for "5 minutes work" worth it all..
If half reading a post is attention to detail, kettle, pot ring any bells.
Great comeback, I'll remember that oneDepends on whether the half that was read was spelled correctly or not
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