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Qdos Accounting

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    Qdos Accounting

    Has anyone used Qdos for their accounting services and if so what has your experience been so far?

    #2
    Originally posted by Debz View Post
    Has anyone used Qdos for their accounting services and if so what has your experience been so far?
    No- but I do for IR35 and insurance and they are very good, especially IR35.

    There are some IR35 reviewers who will just fail you and say tough luck, but Qdos definitely go the extra mile for a reasonable price.

    As long as you get one point of contact (as opposed to a team) and as long as you get an online portal like Free Agent you can't go wrong. They know the contract industry inside out. If the accountants are anything like their IR35 reviewers you will be well looked after.

    You might want to arrange a face to face if you are worried.

    Comment


      #3
      Qdos accounting is only another trading name for FW Accounting, what used to be Freelance Workd, an old MSC based in Aberdeen. Qdos was bought by the person who owns FW and saw an opportunity to piggy back on the Qdos brand.

      Seems to have had the effect of other accountants stopping using Qdos.
      "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

      Comment


        #4
        Originally posted by Waldorf View Post
        Qdos accounting is only another trading name for FW Accounting, what used to be Freelance Workd, an old MSC based in Aberdeen. Qdos was bought by the person who owns FW and saw an opportunity to piggy back on the Qdos brand.

        Seems to have had the effect of other accountants stopping using Qdos.
        Interesting, wasn't aware of the first para above.

        Re second paragraph, yes, many did (we didn't) as they questioned the relationship. Ie worry that accountants recommend all their clients use QDOS for insurances, QDOS then emails all clients to say "by the way we now do accountancy", client potentially leaves accountancy firm. QDOS promised to keep the businesses very separate and not use each other's marketing data. We haven't lost a single client to QDOS accounting to date...whether that proves anything or not I don't know.

        Re the OP, certainly QDOS have a good name in the insurance world.

        Comment


          #5
          Yes, 2 months in - so far so good.

          Based in Leicester.

          Comment


            #6
            Originally posted by Waldorf View Post
            Qdos accounting is only another trading name for FW Accounting, what used to be Freelance Workd, an old MSC based in Aberdeen. Qdos was bought by the person who owns FW and saw an opportunity to piggy back on the Qdos brand.
            I never knew this. My understanding was that FW was bought by a IoM "tax solution" company for a massively inflated price because they had the feeling they'd be able to harvest a load of the contractors into their solution. Maybe that didn't go to plan. The company "Qdos Accountancy Holdings Ltd" was formerly "Freelance World....Ltd" so its obviously correct.

            Although @maslins said they Qdos said they will keep them separate, I'd definitely have my reservations. The Brooksons deal was centred around the new owner being able to offer a whole suite of "contractor services" which I take to mean insurance, mortgages etc etc. I'd guess this, and the SJD/NW deal to have similar aspirations.

            Comment


              #7
              Originally posted by Waldorf View Post
              Qdos accounting is only another trading name for FW Accounting, what used to be Freelance Workd, an old MSC based in Aberdeen. Qdos was bought by the person who owns FW and saw an opportunity to piggy back on the Qdos brand.
              Not quite. There was an MBO of Qdos and an investor in FW Accounting also invested in Qdos.

              Whilst we use the technology developed by FW, Qdos Accounting is very much built around our existing expertise. We’ve always done accounts on a small scale but the addition of FWA’s systems, which we've significantly improved since the MBO, means we can provide the service to far more contractors.
              Qdos Contractor - IR35 experts

              Comment


                #8
                Originally posted by Alan @ BroomeAffinity View Post
                I never knew this. My understanding was that FW was bought by a IoM "tax solution" company for a massively inflated price because they had the feeling they'd be able to harvest a load of the contractors into their solution.
                No idea where that's come from, but it's definitely not the case. Perhaps you're thinking of another Aberdeen/oil and gas accountant.
                Qdos Contractor - IR35 experts

                Comment


                  #9
                  Qdos Accounting

                  Originally posted by Qdos Consulting View Post
                  No idea where that's come from, but it's definitely not the case. Perhaps you're thinking of another Aberdeen/oil and gas accountant.
                  Must be. Sorry.

                  Edit: it was pipeline not fw. My apologies.

                  Comment


                    #10
                    Qdos Accounting

                    Originally posted by Qdos Consulting View Post
                    Not quite. There was an MBO of Qdos and an investor in FW Accounting also invested in Qdos.

                    Whilst we use the technology developed by FW, Qdos Accounting is very much built around our existing expertise. We’ve always done accounts on a small scale but the addition of FWA’s systems, which we've significantly improved since the MBO, means we can provide the service to far more contractors.
                    I have to take issue with some of this.

                    1. You mention 'an investor' in FW - there is only one who owns it all, a Mr AA Gordon.

                    2. I can see that his investment vehicle is an investor in the QDOS group, but this is entirely separate to the accountancy arm.

                    3. QDOS Accounting Holding Ltd, is entirely owned by Mr Gordon's investment vehicle, there is NO ownership by the QDOS group based in Leicester.

                    4. The same group owns FW Accounting Ltd, via QDOS Accounting Holdings, although the annual return incorrectly lists the old name, ie Freelance World Network Holdings Ltd.

                    5. I suspect that all the accounting is done in Aberdeen and none at all takes place in Leicester despite a Leicester phone number being used on the website.

                    6. Btw the annual return for QDOS accounting is overdue!!
                    Last edited by Waldorf; 14 August 2015, 08:08.
                    "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

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