Whats A Reasonable Monthly Accountancy Cost ?

[stek]

Hi

Im an IT consultant and my partner is office manager.

The only transactions are 2 invoices a month plus any expenses.

Thanks - Iguy

Partner? What exactly are his/her duties?

[northernladuk]

Partner? What exactly are his/her duties?

I am guessing if there are two invoices a month she/he is also contracting.

[stek]

I am guessing if there are two invoices a month she/he is also contracting.

My suspicious mind says maybe overpaid 'admin'? Office Manager?

I am the new NLUK!!

[northernladuk]

My suspicious mind says maybe overpaid 'admin'? Office Manager?

I am the new NLUK!!

Yeah must admit that first crossed my mind but the invoices made me wonder.

That said I can't remember the last time I saw a contract office manager.

[Scruff]

A.Y.F.M.?

[iguy2008]

My suspicious mind says maybe overpaid 'admin'? Office Manager?

I am the new NLUK!!

Hi - yes they do the company books but they also contract to and end client 3 days a week as an office manager SAP Business One person

[d000hg]

Hi - yes they do the company books but they also contract to and end client 3 days a week as an office manager SAP Business One person

Are you one Ltd with two "proper" contractors then? That is more complicated than a typical ContractorLtd since you have two people submitting invoices and being paid, etc... on that basis your monthly fee - about twice what is normal - would make sense.

But it seems very high to me. Are they a contractor specialist or a local small business accountant?

If you want to look around, InTouch and NixonWilliams get consistently good feedback here (as well as others). I'm with InTouch and would recommend them - just over £100+VAT per month. I'd welcome a referral bonus but recommend them even without that.

[TheCyclingProgrammer]

I pay £96 inc. VAT pm. For that I get unlimited advice subject to fair use on all company matters, advice on personal taxation matters, a review of my books (I use FreeAgent and do them myself), my annual accounts completed and submitted and my corporation tax return each year.

[iguy2008]

Are you one Ltd with two "proper" contractors then? That is more complicated than a typical ContractorLtd since you have two people submitting invoices and being paid, etc... on that basis your monthly fee - about twice what is normal - would make sense.

But it seems very high to me. Are they a contractor specialist or a local small business accountant?

If you want to look around, InTouch and NixonWilliams get consistently good feedback here (as well as others). I'm with InTouch and would recommend them - just over £100+VAT per month. I'd welcome a referral bonus but recommend them even without that.

Hi Im definitely a single Limited company with 2 proper contractors. The accountant was recommended by my brother in law but is a corporate accountant and I suspect Im simply to small for them.

Cheers - Iguy

[boxingbantz]

Hi

I have been with my current accountant for about 9 months and agreed to a fee of £250 per month +VAT.

This covers the usual services for my partner and I.

My affairs were complicated so also agreed to a one off payment of £3K for advice.

I have now received a letter saying they its a new fiscal year and have reviewed my account now propose a figure of £350 per month +VAT.

I would appreciate any advice on the general view. Im not unhappy with the accountant but a 40% increase at a time when ratesare going down is ringing alarm bells.

Thanks.

Someone is taking you for a serious ride.

Did you not shop around first?