we adopt a fair policy
our payment terms
At Red Emerald, we believe that timely payment for our services supplied is not only good business practice but also helps to improve our relationships. Late payment of invoices can:
Therefore, we have designed our payment terms and conditions in such a way to ensure that the system is fair for all parties. Our fees are designed not to include time and resources in chasing payments and invoice factoring. In this way the benefit of good sound financial policies are indirectly passed to you as a client in the form of lower fees and high quality service.
Red Emerald invoice payment terms
»Book-keeping and payroll work is generally undertaken monthly and quarterly and therefore our policy is to charge our clients a monthly amount. In order to facilitate this in the most efficient way, we would set up monthly standing order. This will be set up before commencement of any work.
»Annual accounts and self assessment tax work undertaken during the year is paid in 2 instalments. 50% is paid upfront when the work commences and the balance is paid on completion of the work.
»All other work like advisory work, one off projects etc is also paid in 2 instalments - 50% paid when the work commences and the balance is paid on successful completion of the work
VAT
All work undertaken will be subject to VAT at the prevailing rate and tax invoices will be issued at the appropriate times.
Payment terms
Our invoices are payable on presentation. We reserve the right to charge interest on overdue accounts at a rate of 5% above the Bank of England base rate.
Payment methods
We accept payments made via BACs transfer, standing orders, credit card payments and cheques. Cheques should be made payable to "Red Emerald Ltd".
Unpaid invoices
We also reserve the right to terminate our engagement and cease acting if payment of any fees are unduly delayed.
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