MichaelCOH
Registered User
- Messages
- 27
Hi,
Seeking opinions!
Long, ridiculous story, but my brother owes tax on eight (!) years of rental income, and after much pleading with him to sort it out he contacted Revenue a month ago and confessed all.
Incidentally, they were very decent with him, no scolding or freaking him out about what his final bill will be, just calm advice.
So, he visited an accountant last week and asked for a quote on sorting it all out. He was told it would cost E2,500.
Just wondering if that sounds excessive? While there are eight years to deal with, it all looks fairly straightforward to me, there aren't many expenses that he can claim, so it looks like it's just a case of totting up the rental income in that period and figuring out what's owed - presumably Revenue will decide the figure for interest and penalties?
The accountant justified his fee by stressing he would work on getting the best deal possible from Revenue in terms of negotiating a payment plan, likely to be a lump sum up front and then the rest in instalments.
Would really appreciate your views on whether this is a reasonable fee.
Many thanks.
Seeking opinions!
Long, ridiculous story, but my brother owes tax on eight (!) years of rental income, and after much pleading with him to sort it out he contacted Revenue a month ago and confessed all.
Incidentally, they were very decent with him, no scolding or freaking him out about what his final bill will be, just calm advice.
So, he visited an accountant last week and asked for a quote on sorting it all out. He was told it would cost E2,500.
Just wondering if that sounds excessive? While there are eight years to deal with, it all looks fairly straightforward to me, there aren't many expenses that he can claim, so it looks like it's just a case of totting up the rental income in that period and figuring out what's owed - presumably Revenue will decide the figure for interest and penalties?
The accountant justified his fee by stressing he would work on getting the best deal possible from Revenue in terms of negotiating a payment plan, likely to be a lump sum up front and then the rest in instalments.
Would really appreciate your views on whether this is a reasonable fee.
Many thanks.