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UK Floor Cleaning Forum => Carpet Cleaning Forum => Topic started by: JM SELECT SERVICES on February 01, 2005, 06:39:41 pm

Title: accountant- help
Post by: JM SELECT SERVICES on February 01, 2005, 06:39:41 pm
would like to know what i should be expecting to pay for  an accountant, i will be sole-trader no employees, subbing my self out to other companies for a few days a week then the remaining days i will be getting my own customer base.
so my book-keeping should be preey basic. have been told by one accountant, that i will be looking at £250-450.,, any info please..
Title: Re: accountant- help
Post by: Scott Martin on February 01, 2005, 06:58:00 pm
Hi ,

i am usually £700/£8oo per year but this is increasing as we are now a LTd Co, the increase is worth the advantages though!

Cheers
Title: Re: accountant- help
Post by: Ken Wainwright on February 01, 2005, 08:56:42 pm
I'm paying almost £500 which includes my Self Assessment.

Try asking others trades/business people, shopkeepers etc. in your local area. Like our own industry where we have markets within a market, the same can happen with accountants too. This will give you a wide variation in fees, part of which will be to fund the more swanky offices ;)

Safe and speedy recovery:)
Ken
Title: Re: accountant- help
Post by: lee_gundry on February 02, 2005, 01:14:24 pm
£600/£700 per year plus self assesment

Lee G
Title: Re: accountant- help
Post by: Chris Bailey on February 02, 2005, 03:18:51 pm
£306.38 + VAT per annum including self assesment.  I pay my accountant £30 per month inc vat by direct debit.

Been with him for 5 yrs, good honest and very helpful.

I do get charged extra for extra work but even so.. as an example, I use sage accounting and payroll, I had a problem that screwed sage up.  Bearing in mind my accountant charges £100 per hour it took him 5hrs and he only charged me £150 ;D ;D ;D.

Can't promise he will do the same for anyone else... but if you want his number pm me.

Chris
Title: Re: accountant- help
Post by: martin32 on February 18, 2005, 10:07:36 pm
Hi all

Im new to this forum and think its a great site , regarding the above question about accountancy fee's , I used to be self employed in the construction industry and my accountant charged me a yearly fee of £180 so your quote would be  fair enough.

Martin
Title: Re: accountant- help
Post by: Neil Gott on February 19, 2005, 04:47:13 pm
My business affairs are not complicated, so I do my own books:
Day to day entries 15 mins per day approx
Year end accounts 2 hours
Self asssessment (with aid of software) 6 hours

Title: Re: accountant- help
Post by: Ian Gourlay on February 20, 2005, 02:12:45 am
DIY   Nil however if you need a mortgage etc you may have problems But thankfully I do not have this headache

As a matter of interest do you have to have an Accountant for a Limited Company

I was under the impression that the rules changed and you only needed one if your turnover was over 250k
Title: Re: accountant- help
Post by: Derek on February 20, 2005, 08:59:11 am
Hi

My business is a Limited Company and this means extra work for the Accountant. My charges are in excess of £800 pa.

I don't begrudge paying this figure as I get total peace of mind and he deals with all aspects of my tax situation. I use an independant guy who is highly rated by the Revenue (pays to have in side information at times like this)  ;)

My reason for going Limited in the very early days was security...We were employing a lot of staff in those days, taking on a lot of major contract work and therefore in the unlikely eventuality of us going bust I wanted my house out of the equation.

Derek
Title: Re: accountant- help
Post by: David Ware on February 20, 2005, 05:32:58 pm
I'am a sole trader. Accountant does tax return and self assessment and good advise £200. Based in Hornchurch Essex.
David Ware
Title: Re: accountant- help
Post by: Doug Holloway on February 20, 2005, 05:36:30 pm
Hi,

Mines the same as Dave , accountant in Rayleigh, Essex.

Cheers,

Doug
Title: Re: accountant- help
Post by: Ian Rochester on February 20, 2005, 07:05:24 pm
Mine cost me £370 for this year, when I first started he promised me that he would save me more than he cost me, he did, £900 less than I expected to pay!