lee_dewing

  • Posts: 3118
get rid of accountant?
« on: January 29, 2012, 02:42:17 pm »
Hi  that time of year again and mixed feelings over my accountant.

He keeps my tax bills down but keep thinking of doing myself as there has been a few unexpected bills to pay with inland rev.

my accountant does put in a lot of expenses in and am just worried if i do myself the inland rev will give me a kicking.

Because when i do their will probably be less expenses. ::)

Don't know what to do for the best :-\

Pleasure in the job puts perfection in the work.     - Aristotle

GDwindowcleaning

  • Posts: 1049
Re: get rid of accountant?
« Reply #1 on: January 29, 2012, 02:50:07 pm »
A good accountant should save you 1000 for every 100 that they cost, it is a proper minefield so I would always say use a good one...

lee_dewing

  • Posts: 3118
Re: get rid of accountant?
« Reply #2 on: January 29, 2012, 02:59:27 pm »
i reckon instead of paying £1200 a yr tax it would be more like £2000 a year tax bill. (did it myself)

As said heavy on expenses (creative).
Pleasure in the job puts perfection in the work.     - Aristotle

GDwindowcleaning

  • Posts: 1049
Re: get rid of accountant?
« Reply #3 on: January 29, 2012, 03:01:10 pm »
Stick with him mate unless he costs too much...

Mist A Bit

  • Posts: 1031
Re: get rid of accountant?
« Reply #4 on: January 29, 2012, 03:13:17 pm »
i dont bother with accountant as my business is very small and very simple. i fill in the short tax return which is about 3 boxes. turnover expenses and profit .

lee_dewing

  • Posts: 3118
Re: get rid of accountant?
« Reply #5 on: January 29, 2012, 03:14:04 pm »
£315 a year.

The real problem with him is his a git for not returning calls emails.

This can be said with alot of services.

My customers seem shocked when i return their calls and emails ;D
Pleasure in the job puts perfection in the work.     - Aristotle

Re: get rid of accountant?
« Reply #6 on: January 29, 2012, 03:18:49 pm »
I'd agree. don't know bout saving that much!  but worth the 300 odd quid it costs us just for the saving of hassle.

Steve_c

Re: get rid of accountant?
« Reply #7 on: January 29, 2012, 03:24:24 pm »
£315 a year.

The real problem with him is his a git for not returning calls emails.

This can be said with alot of services.

My customers seem shocked when i return their calls and emails ;D
Bloody hell mate try £1200 for a Accounts bill.

Re: get rid of accountant?
« Reply #8 on: January 29, 2012, 03:25:53 pm »
Lee there are over 7000 tax rules at the moment and they are growing each year, its your accountants job to know these and to use them for your business.

You could try and get though them on your own, you can even phone up the revenue for help, but remember they will only give you simple answers to your questions, they don't know your business as well as a accountant does.

The other thing you need to look at is what happens if you get a tax investigation, these are decided mainly by the revenue's computer, so you can be as honest as they come with you tax returns but you will still get an investigation, allthough a accountant will not make the tax man go away, you are more likely than not to make less mistakes with one.

But it all comes down to personal choise, I have a chartered accountant and I pay him £350 a year, but I clean his windows and charge him £325 per year, so I'm getting someone who does all my staffs wageslips, plus he sorts all the paperwork and files my returns every year for £25  8)

lee_dewing

  • Posts: 3118
Re: get rid of accountant?
« Reply #9 on: January 29, 2012, 03:36:40 pm »
I should have said he's a book keeper, not fully qualified (aca, is it?) chartered accountant.

I do need to keep better hold of reciepts and expenses.

As said he bumps up my expenses quite a bit.

But i'm not in the league of our betters in the world of politics.

Just read that link on hmrc's plan to raid small business's.


Pleasure in the job puts perfection in the work.     - Aristotle

londoncleaners

  • Posts: 153
Re: get rid of accountant?
« Reply #10 on: January 29, 2012, 03:40:03 pm »
After 14 years in the games, I know pretty much all there is to about tax.
If you have any real problems, il gladly help out


lee_dewing

  • Posts: 3118
Re: get rid of accountant?
« Reply #11 on: January 29, 2012, 03:46:36 pm »
london cleaners do you do you own tax return then?
Pleasure in the job puts perfection in the work.     - Aristotle

londoncleaners

  • Posts: 153
Re: get rid of accountant?
« Reply #12 on: January 29, 2012, 03:49:05 pm »
We have an admin lady who does ours, I was working in the tax office for 14 years, so yes we do our books returns and quarter bills

Frankybadboy

  • Posts: 9022
Re: get rid of accountant?
« Reply #13 on: January 29, 2012, 07:55:41 pm »
£315 a year.

The real problem with him is his a git for not returning calls emails.

This can be said with alot of services.

My customers seem shocked when i return their calls and emails ;D
Bloody hell mate try £1200 for a Accounts bill.
sorry steve but i think you been had over.i think you find that the guys who are vat probaly on pay that amount.


i pay £150+vat for my accounts,and they are no diffence from yours,

George P

  • Posts: 1304
Re: get rid of accountant?
« Reply #14 on: January 29, 2012, 08:03:08 pm »
£315 a year.

The real problem with him is his a git for not returning calls emails.

This can be said with alot of services.

My customers seem shocked when i return their calls and emails ;D


not good business ti not return calls,
i caqn reccomend a good accountant if you want, she does return calls and emails,
cheers
george

ashbash

Re: get rid of accountant?
« Reply #15 on: January 29, 2012, 08:07:20 pm »
can she write.................

Rogue Trader

  • Posts: 1366
Re: get rid of accountant?
« Reply #16 on: January 29, 2012, 08:07:40 pm »
mine costs me £2500 all in , but for the reasons already stated i see it as a good deal. at £315 you are obviously not one of his bigger fishes hence his lack of interest in returning calls etc but if he does a good job at the end of the year then youd be crazy not to stick with him. When you are paying peanuts you cant expect a top notch response.

H S and Son

Re: get rid of accountant?
« Reply #17 on: January 29, 2012, 08:09:27 pm »
£315 a year.

The real problem with him is his a git for not returning calls emails.

This can be said with alot of services.

My customers seem shocked when i return their calls and emails ;D
Bloody hell mate try £1200 for a Accounts bill.
sorry steve but i think you been had over.i think you find that the guys who are vat probaly on pay that amount.


i pay £150+vat for my accounts,and they are no diffence from yours,

Yes me and steve have had this conversation before. You are without a doubt being screwed mate. I paid £195 for the last tax year.

Rogue Trader

  • Posts: 1366
Re: get rid of accountant?
« Reply #18 on: January 29, 2012, 08:12:24 pm »
you lot are mad £195 or £315 you are talking about £100 difference which is about £2 or £3 a week , c,mon !!!! Being screwed is a bit harsh methinks.

H S and Son

Re: get rid of accountant?
« Reply #19 on: January 29, 2012, 08:14:11 pm »
Were talking about steve c one-man band paying £1200.00.