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That's €3600/year to do one person's (probably straight forward) accounts, and presumably lodge returns. Insane amount of money, IMHO. Definitely shop around.You could go directly to a management company and get paid a net amount every month. This is of course minus your obligatory taxes and a monthly fee around €300 from what I hear. An accountant would be no cheaper (well at least mine is not)
That's €3600/year to do one person's (probably straight forward) accounts, and presumably lodge returns. Insane amount of money, IMHO. Definitely shop around.
I get the feeling that some (possible most) accountants are basically charging a percentage of the customers gross earning.
Most would charge on time x rate. Percentage of the client earnings is not, to me, an acceptable way to calculate accountancy fees.
Charging fees on a time x rate basis is commonplace but not always appropriate, especially if/when firms employ inexperienced staff and the more inefficient they are in their work, the higher their fee. Hard to beat fixed-fee deals with contingencies for extra work if warranted by deficiencies in records or complexities or irregularities in tax position.
Absolutely. However even in cases of fixed fee I would usually do a quick calc on fee/hrs to see how the hourly comes out. Helps in assessing those cases which may not be as time efficient as they should be.
Some umbrella companies are very close to money laundering operations and may land you in trouble.
I dont reply to PMs so dont bother contacting me but to give you a guide in a limited company situation with us doing the VAT, I would charge €2,000 + vat per annum payable over 6 installments. For accounts , B1, CT1 and form 11 I would probably charge €1,600 per annum (non audited). To do wages for a director with a set salary I would probably charge €4 per week with payslips emailed weekly or monthly as required. Obviously these fees would depend upon the level of co-operation given by the client. Messy client - higher fees!!!!
€4 to click the 'Process Pay' button!To do wages for a director with a set salary I would probably charge €4 per week with payslips emailed weekly or monthly as required.
€4 to click the 'Process Pay' button!
Buyer beware I suppose.
How long would it take for an accountant to make back the cost of the software? (Charging €4/week for one employee)Last time I checked payroll software was not free either.
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