Acountants fees

  • Thread starter nuagael@veri
  • Start date
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nuagael@veri

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Hello this is my first post. Does anyone know if 600 euros sounds usual for the drawing up of a simple rental account by an accountant. I am a non resident landlord who has just last year purchased a house and would imgine my acount will be fairly straight forward not too complex. Any advice appreciated.
 
Hi,

I think €600 is a bit harsh to be honest if its just a straightforward rental account and IT return. I think we normally charge around €300 for this services. Hope that helps you.

Jockey
 
Think you are being overcharged at 600. Depending on the work involved 300 -400 should be more realistic. Don't forget that your accountants fees are a business expense that can reduce your taxable rental income (profit).
 

Is your accountant also acting as your collection agent?
 
Does the €600 include VAT?
Does it include initial registration (Form TR1) and registration form for collection agent?
 
^^ If it does include form TR1, you could fill this in yourself and save a bit of money

[broken link removed]

It looks easy enough. Most of it is probably irrelevant.
 
umop3p!sdn said:
^^ If it does include form TR1, you could fill this in yourself and save a bit of money

[broken link removed]

It looks easy enough. Most of it is probably irrelevant.
Click to expand...

The form itself is very straightforward when registering for income tax only (as in the above example) but there can be difficulties (and work!) involved in getting the relevant Revenue District Office to process it. Tax Registration one of the few major areas of tax work that cannot be done online at the moment and at times it can be a real pain following up with Revenue when they fail for whatever reason to process forms as they should.

I'm not sure if its the kind of thing that someone would be happy to chase up themselves if they live abroad...
 
H,

€600 seems steep alright -but if there are multiple units, dealing with agent, if any work was done on the house €600 may actually be cheap -it really does depend on the individaul circumstances.
 
The form itself is very straightforward when registering for income tax only (as in the above example) but there can be difficulties (and work!) involved in getting the relevant Revenue District Office to process it.
Click to expand...

Well I'm assuming that the €600 isn't just for filling in this form and getting the revenue district office to process it (Which I would have thought just entailed posting it to them with maybe a follow up phone call)
 
umop3p!sdn said:
Well I'm assuming that the €600 isn't just for filling in this form and getting the revenue district office to process it)
Click to expand...

Er, I think the OP was quoted €600 for a tax return. My query was whether this included form TR1. I don't think anyone mentioned a fee of €600 for the TR1?

umop3p!sdn said:
(Which I would have thought just entailed posting it to them with maybe a follow up phone call)
Click to expand...
...If you're lucky. (see above)
 
Well the op said it was 'a simple rental account'. I just wanted a rough idea what this entailed. Is it just a case of filling in a couple of forms? - or is there loads more to it?

I know my personal tax return is just a case of filling in a form (most of which is irrelevant).
 
ubiquitous said:
Er, I think the OP was quoted €600 for a tax return. My query was whether this included form TR1. I don't think anyone mentioned a fee of €600 for the TR1?


...If you're lucky. (see above)
Click to expand...
Hi thanks all for your replies. I am registered with the TRB and am a non resident landlord doing my first rental account return. The rent is paid in to my Irish bank account. It would seem to me to be a faily simple return claiming for the usual fixtures furnishings repairs etc. I did not ask if the 600 quoted included VAT it was their MINIMUM fee. I have one house not multiple dwellings. Just thought accountant would have a better idea on things I can/ cannot claim than I do.
 

You seem like you know what you're talking about.

Why don't you contact the OP and do the Return for them. It couldn't take any more than an hour to fill out a couple of forms (most of which is irrelevant) and make a few phone calls.

Let me know how much you'd charge and I might pass a few jobs on to you.
 
You seem like you know what you're talking about.
Click to expand...

No where have I claimed I know what I'm talking about in this matter. I can't imagine where you got this from.

This site is called 'ask about money' - is it not? I'm simply curious as to what the whole process entails. (asking about money, I suppose you could call it)

Indeed, throughout this thread I have asked questions about exactly what the whole process entails. If it is only a case of filling in a couple of forms and then getting €600 for it, then feel free to pass on some clients.
 
If you don't know what you are talking about then is there not a risk that you may well be misleading other posters by making judgemental comments, for example: "you could fill this in yourself and save a bit of money. It looks easy enough. Most of it is probably irrelevant."

Some people might even say that this is trolling.
 
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