Greater push for expert advice
Friday 10 March 1995
The aim of the campaign is to proclaim the superiority of chartered accountants over unqualified accountants. But ordinary taxpayers will wonder whether an accountant of any sort can help them. Many who spend weeks and months working up the energy to fill in their annual tax return would like to think so, but there is the small problem of the cost.
"Our service starts at £120, but the price will go up according to the complexity," says Michael Hayes, a tax partner at Maclntyre Hudson. "You can find cheaper services, but it may not be such a personal service."
John Whiting, at Price Waterhouse, says what you pay depends on the complexity of the case and what sort of advice is required. If it moves on from simpler tax matters to estate planning or investment advice, a bill could soon approach £1,000. But individuals who use the top firms are either likely to be high earners or owners of substantial assets.
The high street firm is the usual port of call for people with less complicated afffairs. And £50 to £100 an hour would cover the typical rates of smaller firms. But potential customers would need to get an idea of how many hours are involved.
At the smallest end of the scale is the sole-trader accountant, such as Richard Bosley in Oxfordshire, who works from home. He gets his clients by word of mouth and deals with one-man businesses and partnerships.
"At the moment, I'm doing accounts for someone who has not made a lot of money. To prepare the accounts, complete the tax return and deal with VAT, I'll charge £75. But I would normally charge £125 to £150 for that sort of service," he says.
Accountants are likely to be of most benefit to the self-employed, higher- rate taxpayers with a range of perks from their job, people with substantial investments and those who want advice on how to avoid inheritance tax. But general demand for accountancy services is likely to increase with the new system of self-assessment.
- 1 Windows 10: man updates PC, wakes up to find porn slideshow on repeat
- 2 The 'world's most beautiful vagina' has been debunked by science
- 3 John Green schools morning show hosts after awkward interview with Cara Delevingne
- 4 Supermodel Gisele Bundchen mocked for wearing a burka to avoid being seen visiting plastic surgeon in Paris
- 5 Bulletproof armadillo puts Texas man in hospital after shot bounces off hard shell
Whoopi Goldberg tells Cara Delevingne to suck it up: 'She's not famous. I'M famous'
John Green schools morning show hosts after awkward interview with Cara Delevingne
Supermodel Gisele Bundchen mocked for wearing a burka to avoid being seen visiting plastic surgeon in Paris
Bulletproof armadillo puts Texas man in hospital after shot bounces off hard shell
'Rowdy' Roddy Piper dies: Wrestling legend dies aged 61, according to reports
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Labour leadership contender Jeremy Corbyn says 'we can learn a great deal from Karl Marx'
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Public anger after French sunbather beaten up by gang for wearing a bikini in Reims park
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
iJobs Money & Business
£30000 - £35000 per annum: Recruitment Genius: This is an exciting opportunity...
£13000 - £15000 per annum: Recruitment Genius: Are you passionate about custom...
£22000 - £25000 per annum: Recruitment Genius: Main purpose: Under the directi...
£35000 - £37000 per annum + benefits : Ashdown Group: Contracts Manager - City...