Making Partner a Director and Shareholder

[WTFH]

£250 for an hours work!! How much do you think accountants earn!?

It's not how much an individual earns, but how much their company charges.

If you think £250/hr is a lot, you've never paid for solicitors to sue an agency.

[pr1]

It's not how much an individual earns, but how much their company charges.

If you think £250/hr is a lot, you've never paid for solicitors to sue an agency.

I think it's a lot for filling in a couple of standard forms and sending them off - my accountants did this for me for free (/included in monthly charge)

[northernladuk]

It's not how much an individual earns, but how much their company charges.

If you think £250/hr is a lot, you've never paid for solicitors to sue an agency.

I've paid a solicitor to sue another solicitor though. What an effing nightmare it was and the amount of money both made was almost criminal in itself..

[eek]

Adding a director takes 5 minutes.

Adding a shareholder takes about the same amount of time. £500 tells me its time to find another accountant.

[Scruff]

Adding a director takes 5 minutes.

Adding a shareholder takes about the same amount of time. £500 tells me its time to find another accountant.

I'll do it for a Monkey

[Lance]

My accountant did my wife (ooh err) for free.
they do want £125 to do her SA though (I do that myself)

You need a new accountant.

[WordIsBond]

Depends on the total picture. Accountants have to make their money one way or another.

My accountant gives me a great annual rate. My business is more complex than most of you guys, and I pay £1K a year. That's less than most of you, from what I read here. It includes annual accounts and tax advice. It includes no freebies. If I want him to do my self-assessment, I pay for it. If I want to change shareholding, I pay for it. He does pretty well for himself on those extras. He does pretty well for me on the annual fee.

He charges £200 to handle a change in shareholding. That seems high to me. I could probably figure it out and probably get it right a lot cheaper than that. But if I change shareholding once this year, I end up paying £100 / month. Seems like I'm doing ok.

The main thing is he gets my accounts right, when I scrutinize them and challenge them he doesn't complain and answers my questions and when I check his answers, they are always right. A few quid here and there don't matter much, and I don't care if he makes his money by charging a low fee and charging for extras or a high fee and throwing in the extras for free. However he does it, I do want him to make enough that he stays in business and can continue to provide the good service he's been providing me.

[craigy1874]

Depends on the total picture. Accountants have to make their money one way or another.

My accountant gives me a great annual rate. My business is more complex than most of you guys, and I pay £1K a year. That's less than most of you, from what I read here. It includes annual accounts and tax advice. It includes no freebies. If I want him to do my self-assessment, I pay for it. If I want to change shareholding, I pay for it. He does pretty well for himself on those extras. He does pretty well for me on the annual fee.

He charges £200 to handle a change in shareholding. That seems high to me. I could probably figure it out and probably get it right a lot cheaper than that. But if I change shareholding once this year, I end up paying £100 / month. Seems like I'm doing ok.

The main thing is he gets my accounts right, when I scrutinize them and challenge them he doesn't complain and answers my questions and when I check his answers, they are always right. A few quid here and there don't matter much, and I don't care if he makes his money by charging a low fee and charging for extras or a high fee and throwing in the extras for free. However he does it, I do want him to make enough that he stays in business and can continue to provide the good service he's been providing me.

I have to say, you are the perfect client! Your accountant is a lucky guy!