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🔴 Fees and charges are understandably a hot question for anyone looking to engage with an accounting and tax service, or for that matter any professional service. Accounting & Tax Academy Free Membership Site → 🌏 http://aidhanfinancial.com/accounting... 20 Minute Discovery Call: https://calendly.com/aidhan/discovery... Knowing the 3 main methods Accountants and Tax Advisors use to charge you can be the difference between paying over the odds for something you don't need and paying the optimum amount for specific services tailored to your business! In this video we'll break down the pro's and con's of each and give you all the information you need to make the right decision on which type of accounting & tax service you need for your business. ⭐️ Watch the complete Tax Planning Playlist → • Tax Planning & Avoidance 🔴 Subscribe to unlock the power of your numbers→ https://www.youtube.com/c/Aidhan?sub_... ⏱️TIMESTAMPS⏱️ 1:35 - Fixed Fee Pricing 3:54 - Time Based Billing 05:35 - Value Based Pricing 07:27 - Comparison Quotes 08:02 - Recap 🔴 1. FIXED FEE PRICING A set menu of pricing aimed at small / micro sized businesses. These are often in tiers such as 'essential', 'gold' or 'platinum' with a more comprehensive range of services respectively. PROS ✔ Choice Predictability Simplicity CONS ✘ Hidden Costs Contracts Relevance 🔴 2. TIME BASED BILLING This method will charge you based on time, for example, an hourly fee or a unit of hourly fee such as 15 minute blocks. In my opinion, it's only worth using this method if you are working with an accountant or tax advisor you completely trust. PROS ✔ Suitability, you will only get the services you need. CONS ✘ Time Inflation Uncertainty Benchmarking 🔴 2. VALUE BASED PRICING A specific packing and fee tailor made for your specific business needs. This can expand and contract with your business, making sure you only pay for the services you need and that these can adapt to your needs. PROS ✔ Flexibility Transparency Value CONS ✘ None! 🔴 CONCLUSION Every business is different and there is no one-size-fits-all solution for accounting and tax advisory services. However, knowing the way these services are priced is essential in working out what your business needs and avoiding paying for services you are not going to use. Make sure to do your research, and grab comparison quotes to use as a barometer for your own business. We offer no-obligation quotes for any size business, so feel free to use as as a jumping off point, or book in a 20 minute discovery call with us and find out how we can help you to know your numbers. 🌏 https://www.aidhanfinancial.com/ 🔴 DISCLAIMER All videos are for general guidance, education and empowerment in helping you understand accounting, tax and your numbers. They in no way constitute specific advice to your specific circumstances. My team & I would be delighted to help you with your specific queries or accounting requirements through a formal engagement. Please don't hesitate to book a call or drop us an enquiry at 🌏 https://www.aidhanfinancial.com/ ★☆★ OUR MISSION ★☆★ Me & my team are dedicated to helping and empowering YOU to 'Know Your Numbers' so you can make calculated and informed decisions in your business, company and personal finances towards your definition of success. ★☆★ OUR PHILOSOPHY ★☆★ If you take care of your numbers (finances), your numbers will take care of you, your family and those you value the most. 🔴 DISCLAIMER Our videos are for general guidance, education and empowerment in helping you understand accounting, tax and your numbers. They in no way constitute specific advice to your specific circumstances. Me & my team would be delighted to help you with your specific queries or accounting requirements through a formal engagement. #knowyournumbers #accountant #valuebasedpricing #dividends