ACCOUNTING & TAX
What do these fees actually mean to your business?
Hourly rates probably don’t mean much to you, so let’s put it into perspective.
The following examples are for small businesses and individuals, based on providing everything from day-to-day, ad-hoc support and advice on your accounting records through to lodgement of monthly, quarterly and annual returns…
‘Contracting or side hustle’
from $50 per month*
from $150 per month*
from $250 per month*
from $1,000 per month*
‘Controlling your retirement’
from $150 per month* + audit
from $200 per annum*
FAQs about our fees
The fee we quote in our proposal is not a fixed fee and our billing philosophy remains the same. We believe that the fairest way to bill is to charge for the actual amount of time spent on the engagement.
Research shows that over half of accounting firms are currently charging their clients a fixed fee. They are simply charged as much as they are willing to pay.
We absolutely disagree with this approach and believe our way of charging is fairer and far more ethical.
If we’re able to do our job quicker because your information is presented neatly and provided responsively, we believe you should receive the benefit through a lower fee.
Most likely not. Given that we need to do a lot of your work at the beginning of a financial year or at the beginning of a new engagement, our instalments would generally be behind the work completed and, ordinarily, won’t catch up until late in the financial year.
The ongoing monthly fee is our best estimate of what our services will cost until the end of the financial year, divided by the remaining months. We estimate this fee based on your situation.
Because our clients asked us to smooth out invoices for consistency and to better assist with their cash flow.
This is preferable to raising invoices at an arbitrary time because it brings more certainty to your business from a budgeting perspective and provides more clarity to our ongoing engagement.
In May/June each year, we review your tax strategy leading into the new financial year. This gives us the opportunity to review your billing position.
If a credit exists, you’ll be given the option of a refund or have it rolled into the following year. Should our fees exceed the instalments paid, we’ll contact you to discuss either paying a catch-up invoice or adjust the coming year’s instalments to catch up.
If you’re not expected to need as much of our time, we’ll reduce the monthly instalment. The instalments are simply our best effort to provide fee guidance and, at year-end, we’ll review the work done and the instalments paid – and discuss the difference.
Any proposed adjustment to the monthly instalment would be detailed in a new proposal and emailed to you for approval.
Get in touch with one of our professionals