Fees
At Hometopia, we understand how frustrating it can be when an accountant sends you a bill containing unexpected fees. Our fees are transparent, competitive and we aim to provide fixed fee quotes where possible to provide you certainty.
In determining fees, we will undertake the following steps:
Step 1: Initial Assessment
Our first step is to understand your financial circumstances to identify the services you require.
Step 2: Fee Quotes
We will endeavour to provide you with a fixed fee quote in writing for particular services where possible. Where a fixed fee is quoted, the fee will apply for the financial year. If during the financial year there is a change in circumstances (e.g. increase in scope and complexity), we will be required to re-negotiate our fixed fees. If there are no changes in circumstances, the fixed fee quotes for services generally increase by 5% in the next financial year.
More often than not, our fee structure is a combination of a fixed fee and hourly rate arrangement. Our engagement letter will cover how we charge our fees (see Step 3).
Step 3: Engagement Letter
We will issue you with our engagement letter to review & sign. An engagement letter is a formal document outlining the scope of work to be performed, our fees, our responsibilities, your responsibilities and our terms and conditions of business.