Who has a Accountant

[Mark75]

Are you operating as a Ltd company or a sole trader 

Limited Mate 

 

[Pjj]

Limited Mate 

Will cost a little more than a sole trader but not a huge amount more 

 

[Iron Giant]

Listen mate it's not a competition. 

?

I wasn't in anyway competing or attempting to do so, I simply posted about what I pay my accountant and the service I get, you piped up about paying 3k as though in some way you are getting a far superior service for your money and for 3k I do hope you are,

As for tax entitlements and efficiency in our business we can only do so much as our overheads aren't that much for small businesses like yours and mine. 

 

[Master Jedi Alejandro]

My accountant does it different. He takes all the income and sorts out expenses, etc. Sends me about £50 a days work. Says that’s my profits. This normal? ?

 

[Master Jedi Alejandro]

So just spoken to a new accountant that came highly recommended. My current one I can never get ahold of and he doesn't really listen to me when we do speak.

I've been quoted £900 inc vat for the year, but I can pay that monthly by DD if I wish. 

After reading through this I feel its a fair price. Thats the accounts for the Ltd company and personal accounts for myself. And includes all phone calls, meetings etc. 

 

[Mark75]

So just spoken to a new accountant that came highly recommended. My current one I can never get ahold of and he doesn't really listen to me when we do speak.

I've been quoted £900 inc vat for the year, but I can pay that monthly by DD if I wish. 

After reading through this I feel its a fair price. Thats the accounts for the Ltd company and personal accounts for myself. And includes all phone calls, meetings etc. 

OK so not being Fleeced as I thought really , do you have any Staff working with you 

 

[Master Jedi Alejandro]

OK so not being Fleeced as I thought really , do you have any Staff working with you 

I have one self employed lad but he invoices me. That cost doesn't include running payroll but I'll do that myself, they'll show me how.

 

[Scots lad]

Had same accountant for 37years am under £350 a year for doing my returns he saves me more than I pay him  

 

[Pjj]

So just spoken to a new accountant that came highly recommended. My current one I can never get ahold of and he doesn't really listen to me when we do speak.

I've been quoted £900 inc vat for the year, but I can pay that monthly by DD if I wish. 

After reading through this I feel its a fair price. Thats the accounts for the Ltd company and personal accounts for myself. And includes all phone calls, meetings etc. 

Doesn’t sound to bad to me 

 

[HWCS]

I do my own but tbh im a bit anal about paperwork and keeping everything shipshape.

 

[ched999uk]

I do my own but tbh im a bit anal about paperwork and keeping everything shipshape.

It's might be surprising what an accountant can save you. i.e. van depreciation, part of your home bills (you use computer at home, do your paperwork again at home etc). Sometimes especially early on in a business an accountant can more than pay their costs in savings, even just carrying over losses etc for big purchases.

 

[HWCS]

It's might be surprising what an accountant can save you. i.e. van depreciation, part of your home bills (you use computer at home, do your paperwork again at home etc). Sometimes especially early on in a business an accountant can more than pay their costs in savings, even just carrying over losses etc for big purchases.

My post was a bit misleading, i do my own but i do have an accountant friend that helps me a bit with the likes of big purchasrs etc

 

[Part Timer]

I did my own for 3 years until I was turning over enough to justify paying an Accountant. Just ring HMRC and ask them what you can and can't claim.

 

[Mark75]

I did my own for 3 years until I was turning over enough to justify paying an Accountant. Just ring HMRC and ask them what you can and can't claim.

I think I might try next year to do it alone , 

 

[Part Timer]

I think I might try next year to do it alone , 

Don't think you can when you're a Ltd Company. Fairly certain you need your Accounts done by a Chartered Accountant 

 

[Mark75]

Don't think you can when you're a Ltd Company. Fairly certain you need your Accounts done by a Chartered Accountant 

Right ok you learn Something new every day . Looks like I just stick with who I have then 

 

[Part Timer]

Right ok you learn Something new every day . Looks like I just stick with who I have then 

I'd check it first, as I say ring HMRC as they'll tell you. 

 

[Mark75]

I'd check it first, as I say ring HMRC as they'll tell you. 

I just googled it and it says you don't.  It only does if your company requires auditing. Someone did say if you do do it yourself get it right as a Limited company will face big fines