Our accounting fee takes into account time taken, skills needed, degree of urgency, level of risk, etc. We do as little as necessary, but that can still be more than what you think is needed. We’re happy to work with you to ensure that you understand how the fee is worked out, and what your likely level of charges will be.
If we are working on a project of sorting out some back taxes, we will often split the task in two – so you will get one set of fees on the current stuff, and a separate fee for the arrears. This will also help to make sure that you are able to keep current things current.
We find that one of the best ways of saving costs is to get us to do your two-monthly GST. The six GST returns plus the end-of-year accounts are around the same price as if you did your GST and we did the final tax accounts.
People have this idea that putting things on a computer will save fees. Usually, it doesn’t, and often it will mean that your accounting fee is higher. We still have to check what you’ve done, reconcile that your taxes are correct, and make sure that you have grouped your expenses correctly, claimed what you should and make private use adjustments. Plus, you need to feed and water the computer! Every week. Even if you don’t feel like it. If you do not keep your accounts up to date, eventually you fall behind.
Isn’t it better to just let us do what we do best, and keep you up to date with IRD?