P11D Accountancy Fees

[nizzer891]

Hi All,

In need of some advice currently. With my current accountant, I pay a fixed monthly fee of £150 + VAT, and this covers my accounts, VAT, bookkeeping, P11D and preparation of 1 director's personal tax return.

My question is, because this monthly accountancy fee that my ltd company is paying, includes the preparation of a personal tax return, should my accountant be apportioning the cost of the personal tax return and putting this on my P11D as a benefit in kind....since it's a personal tax return?

Just to clarify, I don't pay anything extra to my accountant for them to do the personal tax return, but it is included in the monthly accountancy fee that I pay to them from my ltd company.

Thanks in advance.

[northernladuk]

Nah. It's a freebie bolt on

[northernladuk]

But shouldn't you be asking them?

[WordIsBond]

In need of some advice currently. With my current accountant, I pay a fixed monthly fee of £150 + VAT, and this covers my accounts, VAT, bookkeeping, P11D and preparation of 1 director's personal tax return.

But shouldn't you be asking them?

Apparently the personal tax return is a free bolt-on but advice isn't.

[Fred Bloggs]

Apparently the personal tax return is a free bolt-on but advice isn't.

Quite honestly, I'm astonished that anyone paying GBP 180 a month inc VAT has to come on a forum to ask this kind of stuff. The OP must be blissfully unaware of what is happening in the market and that the days of these kinds of exploitative deals should be ending. If only the clients would wake up and look around them. If I was paying even half that a month I would feel mistreated if I had to come here to ask this kind of thing.

[WordIsBond]

If I was paying even half that a month I would feel mistreated if I had to come here to ask this kind of thing.

I barely pay half that, and I have several employees, multiple contracts including international ones, foreign bank accounts (with all the foreign currency ramifications of that), and advice is included.

(That said, they don't do our bookkeeping and payroll, but still....)

[Fred Bloggs]

I barely pay half that, and I have several employees, multiple contracts including international ones, foreign bank accounts (with all the foreign currency ramifications of that), and advice is included.

(That said, they don't do our bookkeeping and payroll, but still....)

Well, until recently I was paying 1/3 of that. The cloud software provided did all the routine stuff anyway.

[northernladuk]

Well, until recently I was paying 1/3 of that. The cloud software provided did all the routine stuff anyway.

Pfff, well I was paying 1/25 of that so nerrrr.

[Fred Bloggs]

Pfff, well I was paying 1/25 of that so nerrrr.

I "thought" this was "professional" forum here?

[northernladuk]

I "thought" this was "professional" forum here?

You not getting any at the moment FB?