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britishwill

  • Posts: 535
For those people that used accountants
« on: May 09, 2012, 05:28:37 pm »
Just had my self employment accounts bill come in and was charged £500.
Does this sound about right?
I have no VAT etc,  just a simple set of accounts well ordered and up to date.
Just interested in what you pay if thats not too rude!
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Afterglow Window Cleaners

  • Posts: 256
Re: For those people that used accountants
« Reply #1 on: May 09, 2012, 05:31:24 pm »
My accounts bill last year was 118 + VAT  :)
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combat1

  • Posts: 887
Re: For those people that used accountants
« Reply #2 on: May 09, 2012, 05:39:45 pm »
If you have that simple a set of accounts why dont you utilise the george computer programme, cost £50 as a one off and submit your tax return online. cost nil.
Its really not complicated and theres lots of help.
Cheers
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Dave Willis

Re: For those people that used accountants
« Reply #3 on: May 09, 2012, 05:43:09 pm »
£110 for me. There's very little for them to do if you use George to be honest.
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sparkleglass

  • Posts: 172
Re: For those people that used accountants
« Reply #4 on: May 09, 2012, 05:55:40 pm »
£295.00 with tax return .. if he saves you money then its ok,
 ::)
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bobplum

  • Posts: 5602
Re: For those people that used accountants
« Reply #5 on: May 09, 2012, 05:59:14 pm »
have mine done monthly by a book keeper,£30.00 a month,£360.00 a year but every month i know how the business is doing and how much tax i am due to pay
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Ian101

  • Posts: 7887
Re: For those people that used accountants
« Reply #6 on: May 09, 2012, 06:10:15 pm »
Dont mind admiting I was stiched up by mine last year @ £850+VAT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Friend of a friend so trusted him.

He did prepare a nice set of management accounts - OTT for a mere window cleaner.

He also got me back more than I paid him so sweetened the pain.
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Window Washers

  • Posts: 9036
Re: For those people that used accountants
« Reply #7 on: May 09, 2012, 06:12:17 pm »
Quote from: Ian H2o on May 09, 2012, 06:10:15 pm
Dont mind admiting I was stiched up by mine last year @ £850+VAT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Friend of a friend so trusted him.

He did prepare a nice set of management accounts - OTT for a mere window cleaner.

He also got me back more than I paid him so sweetened the pain.
:o how many staff do you have ?
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Smudgeoff Cleaning Services

  • Posts: 791
Re: For those people that used accountants
« Reply #8 on: May 09, 2012, 06:13:37 pm »
£300 for accounts and tax return
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Ian101

  • Posts: 7887
Re: For those people that used accountants
« Reply #9 on: May 09, 2012, 06:18:41 pm »
Quote from: Ian WW on May 09, 2012, 06:12:17 pm
Quote from: Ian H2o on May 09, 2012, 06:10:15 pm
Dont mind admiting I was stiched up by mine last year @ £850+VAT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Friend of a friend so trusted him.

He did prepare a nice set of management accounts - OTT for a mere window cleaner.

He also got me back more than I paid him so sweetened the pain.
:o how many staff do you have ?

mmm all together in total lemme work it out ......................

well theres me and errrr thats it ........... so just the 1  ;D ;D

yup well stitched I know but in the spirit of this forum he was dumped and replaced with only 1 though.

One of my customers is an accountant so he will be doing them @ £300.

Thinking back I nearly told him to do 1 but nice refund so swallowed it
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Paul Coleman

Re: For those people that used accountants
« Reply #10 on: May 09, 2012, 06:22:55 pm »
Quote from: britishwill on May 09, 2012, 05:28:37 pm
Just had my self employment accounts bill come in and was charged £500.
Does this sound about right?
I have no VAT etc,  just a simple set of accounts well ordered and up to date.
Just interested in what you pay if thats not too rude!

This is too much for a non VATed sole trader with a relativerly simple business.  You can get it for half that.  I paid £268 for the most recent one.
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Frankybadboy

  • Posts: 9022
Re: For those people that used accountants
« Reply #11 on: May 09, 2012, 06:51:06 pm »
£150 for me and that enough :P
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jarvy

  • Posts: 1048
Re: For those people that used accountants
« Reply #12 on: May 09, 2012, 07:03:14 pm »
£300 a year for mine,dd @ £25 a month.
Never miss it,and 1 less bill to sort out at the end of the year.
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red star

Re: For those people that used accountants
« Reply #13 on: May 09, 2012, 07:13:20 pm »
250 quid and he then claims it back as a expense so it really doesnt cost anything
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deeege

  • Posts: 4959
Re: For those people that used accountants
« Reply #14 on: May 09, 2012, 07:25:52 pm »
For all those saying £150 - £300 etc I'm guessing you are all sole traders?

Any LTD companies want to say how much they are paying their accountants?

(I'm paying similar to what Ian paid last year. Limited company, 2 directors, 2 personal tax returns etc)

I changed over from my old accountant at the start of this year and my new guy managed to find £23k that could be offset against our tax liability that my previous accountant had missed.  :o
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"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

red star

Re: For those people that used accountants
« Reply #15 on: May 09, 2012, 07:36:49 pm »
When I was limited I paid 1200 year 100 a month inc payroll etc again all offset
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andrew christopher

  • Posts: 147
Re: For those people that used accountants
« Reply #16 on: May 09, 2012, 07:48:02 pm »
Quote from: red star on May 09, 2012, 07:13:20 pm
250 quid and he then claims it back as a expense so it really doesnt cost anything



It still costs £200. You only save the tax you would have paid at 20% on the £250 expense. Which is £50.(if you are basic tax rate payer)

For example if you spend £1000 for your business you dont save £1000 tax you dont have to pay the tax on the £1000 which is an expense and not taxable profit. Which is £200. (if you are basic tax rate payer)
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Londoner

Re: For those people that used accountants
« Reply #17 on: May 09, 2012, 08:00:49 pm »
I walk in, hand him my George report for the year and walk out. He then does very little work and charges me £250 for the privelige.

 
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Halfadaylee

  • Posts: 625
Re: For those people that used accountants
« Reply #18 on: May 09, 2012, 08:17:07 pm »
Quote from: Vince Green on May 09, 2012, 08:00:49 pm
I walk in, hand him my George report for the year and walk out. He then does very little work and charges me £250 for the privelige.

 

Snap, only mine put the vat on top though.
Top guy ex revenue.
Art
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Roy Cauldery

  • Posts: 497
Re: For those people that used accountants
« Reply #19 on: May 09, 2012, 08:32:38 pm »
i get charged payment in kind ;)
my partner has her own accountancy business 8)

Regards
Roy
p.s she specialises in window cleaning!! follow the link  guys he he  :D :D



www.phoenixecs.co.uk
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