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What to £££ to charge new clients?

  • Member
  • Practice Licence
  • 2 posts
  • # 118309

Hi everyone,

I have just started up my practice, and also have the Self Assessment Tax Diploma. I have registered with HMRC as a tax agent and have Xero and Hubdoc, so basically all cloud accounting. Looking to provide a service to self employed/sole trader and very small businesses.

Got some potential clients who are mainly in the building (subcontractor) sector, so CIS registered etc... A few are tech savy, as in will use the cloud accounting apps and scan in their receipts etc..., but also have some that are 'old skool' and will basically hand me a bag of dusty receipts from the dashboard of their van!

So my dilemma is what to charge them for doing their accounts including submitting their tax return. Not sure what the going rates are, been looking on the internet at local accounting firms who are charging anything from £25 to £50 per month depending on what services are required. Maybe charge less for someone willing to engage with the cloud accounting apps as this reduces my work significantly? 

Thoughts please....

Many thanks!

  • Member
  • Practice Licence
  • 2 posts
  • # 118310

Skully said:

Hi everyone,

I have just started up my practice, and also have the Self Assessment Tax Diploma. I have registered with HMRC as a tax agent and have Xero and Hubdoc, so basically all cloud accounting. Looking to provide a service to self employed/sole trader and very small businesses.

Got some potential clients who are mainly in the building (subcontractor) sector, so CIS registered etc... A few are tech savy, as in will use the cloud accounting apps and scan in their receipts etc..., but also have some that are 'old skool' and will basically hand me a bag of dusty receipts from the dashboard of their van!

So my dilemma is what to charge them for doing their accounts including submitting their tax return. Not sure what the going rates are, been looking on the internet at local accounting firms who are charging anything from £25 to £50 per month depending on what services are required. Maybe charge less for someone willing to engage with the cloud accounting apps as this reduces my work significantly? 

Thoughts please....

Many thanks!


 

  • Member
  • Practice Licence
  • 9 posts
  • # 118851

Skully said:

Skully said:

Hi everyone,

I have just started up my practice, and also have the Self Assessment Tax Diploma. I have registered with HMRC as a tax agent and have Xero and Hubdoc, so basically all cloud accounting. Looking to provide a service to self employed/sole trader and very small businesses.

Got some potential clients who are mainly in the building (subcontractor) sector, so CIS registered etc... A few are tech savy, as in will use the cloud accounting apps and scan in their receipts etc..., but also have some that are 'old skool' and will basically hand me a bag of dusty receipts from the dashboard of their van!

So my dilemma is what to charge them for doing their accounts including submitting their tax return. Not sure what the going rates are, been looking on the internet at local accounting firms who are charging anything from £25 to £50 per month depending on what services are required. Maybe charge less for someone willing to engage with the cloud accounting apps as this reduces my work significantly? 

Thoughts please....

Many thanks!


 


 Hi Skully

 

I know this is an old post but i am currently in the situation you was in, in that i have a potential client who wants to hand me receipts every month.  I too was thinking £25 a month.  I'm currently studying for the Self-Assessment so will have passed by the time thier tax return is due next year so this would include submitting thier 20/21 return.  They are a relatively new business only starting in April this year and i've only recently obtained my practice licence so just wanted to start small to gain some confidence.  I just wondered what price you decided to go for in the end?  I'm really keen to get the work as i want gain some experience so i don't want to charge too high but i also don't want to charge silly price low either.

 

Thanks in advance if you are able to help.

 

Tracy

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