Accountants charges and payroll costs
Discussion
My accountant has just e-mailed:
As of 1 February 2022, fees will rise by 5% across the board for all services and will then be subject to an annual increase each 1 February to reflect the inflation rate at the time.
I'm guessing this is relatively normal?
Recently I've been thinking about their services to determine if they are competitive. I've asked for a quote for doing some payroll for me and their charges are as follows:
£200 fixed fee, then £50 per employee.
Pension scheme registration is £50 and then employee enrolment is £30 per employee with a £240 per annum cost for NEST.
In general, I don't have particularly complicated accounts but how does the above sound?
As of 1 February 2022, fees will rise by 5% across the board for all services and will then be subject to an annual increase each 1 February to reflect the inflation rate at the time.
I'm guessing this is relatively normal?
Recently I've been thinking about their services to determine if they are competitive. I've asked for a quote for doing some payroll for me and their charges are as follows:
£200 fixed fee, then £50 per employee.
Pension scheme registration is £50 and then employee enrolment is £30 per employee with a £240 per annum cost for NEST.
In general, I don't have particularly complicated accounts but how does the above sound?
RockyBalboa said:
My accountant has just e-mailed:
£200 fixed fee, then £50 per employee.
In general, I don't have particularly complicated accounts but how does the above sound?
My wife runs an accountancy firm and she says if the £50 per head is per annum then it's not bad. If it's per month then it's exceedingly expensive.£200 fixed fee, then £50 per employee.
In general, I don't have particularly complicated accounts but how does the above sound?
Double Fault said:
RockyBalboa said:
My accountant has just e-mailed:
£200 fixed fee, then £50 per employee.
In general, I don't have particularly complicated accounts but how does the above sound?
My wife runs an accountancy firm and she says if the £50 per head is per annum then it's not bad. If it's per month then it's exceedingly expensive.£200 fixed fee, then £50 per employee.
In general, I don't have particularly complicated accounts but how does the above sound?
When I outsourced our payroll a few years ago I had a ballpark figure of "£5 per payslip".
Countdown said:
Yes. However that also assumes that payroll is fixed and doesn't have lots of variations each month (overtime, enhanced hours, bonuses, commission, shift allowances).
When I outsourced our payroll a few years ago I had a ballpark figure of "£5 per payslip".
Indeedy.....assumes 'vanilla'. She's a bit below £5 per payslip.When I outsourced our payroll a few years ago I had a ballpark figure of "£5 per payslip".
Double Fault said:
RockyBalboa said:
My accountant has just e-mailed:
£200 fixed fee, then £50 per employee.
In general, I don't have particularly complicated accounts but how does the above sound?
My wife runs an accountancy firm and she says if the £50 per head is per annum then it's not bad. If it's per month then it's exceedingly expensive.£200 fixed fee, then £50 per employee.
In general, I don't have particularly complicated accounts but how does the above sound?
RockyBalboa said:
How are packages such as Xero for conducting payroll?
Depends on how much much payroll knowledge you have - I'm not a Payroll expert but (as a qualified accountant) I know the basics, so I use Iris PAYE to do the payroll for a couple of local charities. I wouldn't want a complete newbie doing Payroll, it's not worth the risk.In your situation it really depends on how many Employees you have. If you have one employee it makes sense to pay an Accountant £250. If you have 10,000 employees you will be better off having an in-house Payroll Manager. There's a sliding scale of "Economies of scale"
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