OUR TERMS OF BUSINESS

Agreement of fee basis in advance

Before starting, we will always discuss and agree with you the timing and scope of our work.

Where possible we will give you a fee estimate based on the number of hours the work is likely to take and the hourly charge-out rates applying to that type of work.

If we can reasonably predict the amount of time that the work involves we will offer to do the work for a fixed fee. This will usually be the case for tax return preparation, company secretarial work or payroll matters.

Where it is impractical for us to do the work for a fixed fee an agreed hourly rate will apply and we will advise you when unbilled fees reach pre-agreed levels.

Once we have agreed the scope of work and the basis of the fee, we will send you a concise record of what was agreed.

We will only start work after you have confirmed your agreement by email, fax or letter.

Billing frequency

It is our usual practice to bill clients monthly, quarterly or when the work is complete. The basis of invoicing will be agreed with you in advance.

Settlement terms

We normally expect payment 14 days from the date of presentation of our invoice. A later payment date may be agreed to in certain cases.

We may request a payment on account of our fees from new clients based outside the UK.

Disbursements

Where expenses such as taxes, filing fees and similar costs arise in the course of our work we will either ask for payment in advance or else request you to settle the cost directly.

If we are required to work on clients’ premises, or attend meetings out of London, we will normally expect reimbursement of reasonable travel costs (and overnight accommodation costs if appropriate).

Value added tax

Our invoices will be addressed to the individual, company or firm who instructed us and will be subject to the addition of UK VAT at 17.5 % unless the law provides otherwise.

We regret that we cannot address our invoices to parties other than the persons instructing us.

If you normally reside outside the UK or your business is carried on outside the UK then our invoices for taxation advice may be free of UK VAT. However, VAT will be payable if you are an individual who resides elsewhere in the EC and our services relate to your private affairs and not a business which you are carrying on outside the UK.

Our charges for company secretarial services and payroll will be subject to the addition of VAT.