Is it me, my accountant or my Ltd company?

[dx4100]

Its hardly rocket science is it...

The accountant does all the hard work anyway. All you have to do is submit your receipts, invoices, bank statements etc and then make the payments your accountant tells you to make.

Your only real issue is how much money to take out of the company and how much tax or not your want to incur.

Come on, get a grip

I would recommend Nixon Williams.

[LondonManc]

Frankly, if you have been a contractor since 2005 and still can't get to grips with it, you'd be better off as an employee or a brolly user.

I think it's more the case as with any successful business - making money rather than losing it so the details have been ignored. Probably needs a prod in the right direction to get a decent warchest planned and built up. It's too easy to see all that money in the corporate account and get a semi

[diseasex]

To answer title question : I'ts you.

try using quickfile for accounts, you will have a better picture of your finances and its free.

[SueEllen]

Its hardly rocket science is it...

The accountant does all the hard work anyway. All you have to do is submit your receipts, invoices, bank statements etc and then make the payments your accountant tells you to make.

Your only real issue is how much money to take out of the company and how much tax or not your want to incur.

Come on, get a grip

I would recommend Nixon Williams.

You need to have a basic understanding otherwise you could end up with an accountant who rips you off.

[dx4100]

You need to have a basic understanding otherwise you could end up with an accountant who rips you off.

How could an accountant rip you off ? Other than in the fees they charge ?

Do you mean they could be doing a tulip job ?

I wouldn't for a second suggest you don't double checks the accounts and retains some basic understanding of what is going on. Just struggling to see how its all so difficult. Its basically just adding and subtracting and the understanding of how percentages work.

[Fred Bloggs]

How could an accountant rip you off ? Other than in the fees they charge ?

Do you mean they could be doing a tulip job ?

I wouldn't for a second suggest you don't double checks the accounts and retains some basic understanding of what is going on. Just struggling to see how its all so difficult. Its basically just adding and subtracting and the understanding of how percentages work.

Never heard of Darren Upton then? Google him.

[dingdong]

The crunch portal couldn't be more simple to use and you can immediately see when logging in what money in the company is available to you for salary/dividends versus what is being kept back for tax.

Anyone who struggles to understand how their company is doing using the Crunch portal really should be with a brolly!

[dx4100]

Never heard of Darren Upton then? Google him.

http://www.dailymail.co.uk/news/arti...ress-wife.html



I presume he had direct access to their bank accounts ?? That is a big no no

[Fred Bloggs]

Married accountant stole £500,000 to splash out on luxury gifts for blonde model mistress and wife | Daily Mail Online



I presume he had direct access to their bank accounts ?? That is a big no no

If you look into how he did it I think in theory it could happen again, but at least many are now more aware of such scams. Even worse, I understand his clients had to pay the unpaid tax to HMRC, IIRC.

[Old Greg]

Maybe th OP needs to hire in a bookkeeper for a couple of hours a month. Give them receipts, invoices etc. Anyone ever done this?