Fees in respect of professional services are based on time spent at competitive hourly rates which vary depending on the nature and complexity of the services required and range from R320 per hour for compliance services to R520 per hour for consultations, business services and value added services. Within certain circumstances, and at the sole discretion of the Service Provider, loyal clients who have been clients for more than a year are rewarded with a fixed monthly fee. Income tax returns, payroll and company and close corporation CIPC services are charged at fixed prices.
Factors that are Considered
The following factors are taken into account when determining the final hourly rate:
- The complexity of the work to be undertaken
- Specialised knowledge, research and responsibility involved
- After hours work at the request of the client, or which is necessary because of the nature of the work involved. Time and a half is charged for after hours work. Hourly rates increase annually on the 1st March.
The service and fee provided will be agreed with the client before any work is commenced. All work in progress during the month is billed at month-end, irrespective of whether the project is completed or not.
Under certain circumstances and at the sole discretion of the Service Provider, a minimum advance against anticipated fees may be required prior to commencement or continuance of assignments.
It is common practice amongst accountants working independently not to offer credit terms to clients.