How much to charge for tax return?

jasoncfc

Hi all,

Im currently studying towards my ACCA qualification, i have have been approached by a friend of a friend to complete there tax return. There shouldn't be much involved as they are a sole trader, im not sure how much to charge?

any advice?

Thanks

bluejellyfish

I was thinking about doing this for some freelance journalist friends of mine.

I was thinking about £100-200ish but really not sure. The company I work for charges about £1200 but thats for complicated returns.

I suppose it depends how long its going to take you.

KSoni

I charge 100 for simple sole trader returns provided they do the books. Anyways how did your exam go. yesterday was a tax paper. What a coincidence, you asked the question on tax paper day. If, you're taking any more exams this time, good luck.


PS: I am also ACCA student and appeared in P6 yesterday.

linlin_3

As you are students and both (presumably) uninsurable I'd suggest keeping the fee well below £100 provided the information required is provided and no accounts are needed.

mrkbrrws

Are you sure you are allowed to do this? See http://www.accaglobal.com/students/rules/rights

"(b) Any accountancy services, other than basic book-keeping services, can only be provided for reward by an ACCA student working for, and under the supervision of, a person who, in the opinion of Council, is suitably qualified and/or suitably experienced. The ACCA student may undertake such work either as an employee or as a self-employed person."

Cook_County

You need to cover the cost of the PI cover you will need plus the cost of your time, software etc.