I started a construction business at the start of the year (please don't laugh!) Things weren't as bad then and when I met with an accountant re doing my books etc., he quoted me a figure of E4000 for the year based on my prediction of E250,000 turnover which I was reasonably confident of at the time. Having never run a business before I didn't know what was involved in doing the books for that size of business. Since then , however, I've come to realsise that my accounts are probably being done by a trainee in a few hours every 2 months and the fee seems exhorbitant to me now. The facts of my business are roughly as follows:
Turnover (expected) - E150,000
1 employee, PAYE/PRSI returns monthly
Vat returns bi-monthly.
I know my fee is agreed for the current year, just wondering should I be trying to re-negotiate for next year? Also, I have been assigned my 5th trainee in 9 months, something which greatly annoys me.