Fees and Charge-out Rates
Fixed fees, agreed before we start.
We quote before we start, not after. You have the figure in writing, with the band it comes from and what it covers, before you decide.
How we charge
Our fee is set by the size of the assets or the income the work covers. It is never a share of the tax saved.
Size is the best proxy for how complex the work is and how much time it takes. The band your figure falls into sets the fee. In all but the top band that is a set amount. In the top band it is a percentage of the whole figure, not only the part above the threshold.
If what you have asked us to look at turns out to be larger than it first appeared, we will say so and agree the change with you before carrying on.
What that means
Tax planning reports
Each report is priced from the figure it is based on. The full band table sits on each report page.
| Report | Priced on | From |
|---|---|---|
| Lifetime Gift Report | Value of the gift | from £3,000 |
| Regular Gifting Report | Total given each year | from £1,500 |
| Pension Estate Report | Estate including the pension | from £2,000 |
| Annual Estate Update | Estate value | from £1,000 |
| Property Income Efficiency Report | Gross annual rental income | from £1,000 |
| Property Business Report | Gross portfolio value | from £3,000 |
| Property Incorporation Report | Gross portfolio value | from £4,000 |
| Family Investment Company Report | Amount funded | from £4,000 |
Download the full 24-page brochure (PDF, 1.1 MB)
Report prices include VAT. Compliance work is priced separately and is plus VAT. These fees buy the report: putting the advice into effect is separate work and may carry further fees from us, a solicitor and an independent financial adviser. Mercian Accountants Ltd is not authorised or regulated by the Financial Conduct Authority, so regulated financial advice comes from the IFA.
Across the last 30 estates we reported on, worth over £60 million between them, the tax savings we identified came to more than forty times our fees.
Savings are illustrative, and depend on your own figures and on the steps actually being taken.What you can count on
Agreed first
The price is fixed in writing before any work starts. No hourly billing, and no range we bill the top of.
Yours to keep
A secure electronic copy and a printed, bound copy. Take it to your solicitor, your IFA, or the accountant you already use.
Never a share of the saving
Our fee is set by the size of the assets or the income the work covers. It is never a share of the tax saved.
Compliance work
The year-round jobs that come round every year whether or not you are planning anything: accounts and tax, bookkeeping, and payroll. We price them as a fixed monthly fee, agreed in writing before we start, so nothing is billed by the hour.
This is optional in both directions. Taking a tax planning report does not require you to move your compliance work to us, and moving your compliance work to us does not require you to take a report. Ask us for a quote and we will price it on what is actually involved, in writing, before anything starts.
Priced on request
Want the figure before you commit?
Tell us what you are considering and we will put the price in writing, with the band it comes from and what it covers.